Welcome to our dedicated page for ON24 news (Ticker: ONTF), a resource for investors and traders seeking the latest updates and insights on ON24 stock.
ON24, Inc. (NYSE: ONTF) is a software company that focuses on an AI-enabled intelligent engagement platform for B2B marketing, sales, and other customer-facing teams. The ON24 news stream highlights how the company develops and expands this platform, as well as key corporate events that affect shareholders and users of its technology.
News about ON24 often covers product and platform developments, such as the launch of ON24 AI Propel+, which the company describes as a solution that transforms webinars and other virtual events into full-funnel, omni-channel, global campaigns using AI-powered content automation and first-party engagement data. Other coverage includes ON24’s AI-powered Analytics and Content Engine (ACE) and its patented "Key Moments" technology, which automatically identifies and extracts high-impact segments from long-form video and virtual events for use in campaigns and audience engagement.
Investors and observers can also find news on ON24’s collaborations and integrations, including its integration with LinkedIn. ON24 explains that this collaboration enables customers to build ON24-hosted experiences, publish them to LinkedIn Events, use LinkedIn registration forms that sync into ON24, and run event ad promotions on LinkedIn to expand audience reach and connect event data.
Company announcements additionally highlight customer stories and recognition from third parties. Examples include case studies with organizations such as Plante Moran and the University of Cambridge Judge Business School, as well as rankings in G2 Enterprise Grid reports, where ON24 has been recognized in the Enterprise Webinar Platform category based on customer satisfaction and market presence.
Another important category of ON24 news involves corporate and strategic developments. The company has announced financial results through quarterly earnings releases and has disclosed that it entered into an Agreement and Plan of Merger with an affiliate of Cvent, under which ON24 would become a wholly owned subsidiary and its common stock would cease to be publicly listed upon completion of the transaction, subject to conditions. Following ON24 news can therefore provide insight into both its technology roadmap and its corporate trajectory.
ON24 (NYSE: ONTF) has announced a new $100 million capital return program, replacing its previous $50 million authorization. To date, the company has repurchased $41 million in shares since initiating its prior plan in December 2021. This move aims to balance growth and deliver near-term shareholder value. The Board has engaged with Indaba Capital Management, which has pushed for increased capital returns, advocating for amounts ranging from $100 million to $175 million. The company intends to discuss further plans in its upcoming earnings call on February 28, 2023.
Indaba Capital Management, ON24's second-largest shareholder with nearly 9% ownership, has urged the company to implement a capital return plan of at least
ON24 (NYSE: ONTF) has helped Life Science Connect scale their webinar program by 4X, achieving a 95% increase in efficiency and a remarkable 5X revenue growth. By utilizing ON24's digital engagement platform, Life Science Connect transitioned from 20 to over 100 webinars annually, significantly reducing setup time by nearly 40 hours per month. The integration of ON24's first-party data with internal marketing data has enhanced audience engagement insights, enabling the company to connect effectively with prospective clients.
ON24 (NYSE: ONTF) is set to announce its fourth quarter and full year 2022 financial results on February 28, 2023, after U.S. markets close. A conference call and webcast will follow at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company's financial performance. ON24 specializes in digital engagement solutions, providing a platform that helps businesses enhance customer interactions and generate first-party data. The company serves over 2,000 clients, including prominent names in technology, banking, healthcare, and manufacturing, enabling significant audience reach and engagement.
ON24 (NYSE: ONTF), a leader in digital engagement platforms, recently recognized top-performing companies for their innovative use of its services to enhance customer experiences in 2022. As predicted by Gartner, digital channels will dominate B2B sales by 2025, prompting ON24 to emphasize the importance of engaging content in converting leads into customers. Recognized brands include ADP, Ansell, F5, and UPS, which achieved significant revenue and audience engagement through ON24's tailored solutions. The company, headquartered in San Francisco, serves over 2,000 clients globally, aiming to drive revenue growth through digital strategies.
ON24 (NYSE: ONTF) has released findings from a report indicating that post-pandemic B2B buyers require 58% more interactions to make purchasing decisions compared to 2019. The report, conducted in partnership with Heinz Marketing, shows that 70% of B2B buyers prefer digital engagement and 90% have increased participation in digital events. Despite the high interest in digital channels, less than one-third of marketers utilize engagement data for personalization, highlighting a gap in optimizing outreach strategies.
ON24 (NYSE: ONTF) will participate in the 25th Annual Needham Growth Conference on January 11, 2023. The presentation is scheduled for 8 a.m. EST and will be accessible via a live webcast on the investor relations website.
ON24 specializes in digital engagement solutions for businesses, enabling them to connect with audiences effectively. The company supports over 2,000 customers globally, including major players in technology, finance, healthcare, and manufacturing.
ON24 has partnered with Cequence Security to enhance demand generation strategies, resulting in a 40% increase in registration-to-attendee conversion rates. This collaboration harnesses ON24's digital engagement platform to generate thousands of qualified leads, ultimately translating to millions in pipeline revenue. The integration with marketing tools like Marketo and Salesforce has streamlined sales processes. Cequence's use of ON24's engagement tools allows for improved lead scoring and quicker data sharing with sales teams, fostering growth and ROI.
ON24 reported third-quarter 2022 results with total revenue of $47.6 million, a 4% decline year-over-year. The Annual Recurring Revenue (ARR) stands at $165.6 million, witnessing a 1% decrease influenced by foreign currency effects. The company improved its cost structure, achieving approximately $16 million in annual run-rate savings. A net loss of $14.4 million was recorded, equating to $(0.30) per share. For Q4 2022, ON24 anticipates revenue between $45.7 million and $46.7 million and aims for a substantial reduction in non-GAAP losses.
ON24 (NYSE: ONTF) is set to release its third quarter 2022 financial results on November 9, 2022, after U.S. market close. A conference call and webcast will follow at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company's performance. ON24 provides a robust sales and marketing platform for digital engagement, serving over 2,000 customers globally, including top technology, banking, healthcare, and industrial firms. The company aims to enhance revenue growth through interactive webinars and virtual events.
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