Welcome to our dedicated page for CVT news (Ticker: CVT), a resource for investors and traders seeking the latest updates and insights on CVT stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CVT's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CVT's position in the market.
Cvent, a leader in meetings and hospitality technology, will host its third annual Cvent Travel Summit on April 19. This complimentary virtual event aims to help travel executives and corporate buyers enhance their travel programs. Sponsoring the summit is the Travel and Meeting Society (TAMS), which focuses on innovation in the industry.
With nearly 75% of travel managers anticipating a return to pre-pandemic travel levels, the summit offers insights into navigating the evolving industry landscape. Keynote speakers include Bart Berkey, a renowned hospitality executive, and Dan Cnossen, a Paralympic medalist.
Attendees can also engage in pre-summit networking receptions on April 18 in New York and London. For more details and registration, visit the Cvent website.
Cvent Holding Corp. (CVT) reported fourth quarter 2022 revenue of $170.9 million, up 18.2% year-over-year and exceeding guidance. Event Cloud revenue grew 17.2% to $120.6 million, while Hospitality Cloud revenue rose 20.5% to $50.3 million. For the fiscal year 2022, total revenue reached $630.6 million, a 21.5% increase. However, net loss widened to $100.3 million, compared to $86.1 million in 2021. Adjusted EBITDA stood at $113.4 million, above guidance, with an 18.0% margin. Following a definitive acquisition agreement with Blackstone, Cvent will not provide future financial guidance.
FAQ