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ON24 (ONTF) will be participating in the 19th Annual Needham Technology, Media, & Consumer Conference on May 16th, 2024, with a presentation scheduled at 1:30 p.m. EST. The company will provide a live webcast and replay of the presentation on its investor relations website.
ON24 announced its financial results for Q1 2024, highlighting total revenue of $37.7 million and profitability targets met for the fourth quarter in a row. The company showed signs of stabilization in its customer base with increased gross retention rates. Strong enterprise business performance metrics were observed, with a record percentage of ARR in multiyear agreements and highest ARR per customer. Growth in ARR was noted due to the momentum of early adopters of the ON24 next-gen platform and AI-powered offerings. The company expressed confidence in achieving double-digit top-line growth with double-digit EBITDA margins in the long term.