ON24 INC Stock Price, News & Analysis

ON24 (NYSE: ONTF) appointed Anil Arora to its board of directors, bringing over 25 years of experience in technology, financial services, and consumer goods. Arora is recognized for leading Yodlee from a startup to a market leader in fintech. His extensive background includes roles at companies like Conagra Brands and Gateway. ON24 aims to leverage Arora's expertise in marketing and data analytics to enhance its sales and marketing platform, driving growth in digital engagement and measurable business outcomes.

ON24 (NYSE: ONTF) has announced the acquisition of VIBBIO, a cloud video software company, enhancing its platform for creating personalized video content. This integration aims to provide businesses with tools to rapidly produce engaging video content for sales and marketing strategies.

The acquisition, funded by cash reserves, is not expected to significantly impact ON24's financial results for the full year of 2022. VIBBIO's technology will allow users to create branded videos, promote events, and generate first-party data, driving better engagement across digital channels.

ON24 (NYSE: ONTF) has launched ON24 Forums, a new live engagement platform designed to enhance sales and marketing efforts through interactive discussions. This platform allows organizations to conduct two-way video group networking, enabling deeper audience participation and better data collection.

With features like executive engagement sessions, focus groups, and expert-led trainings, ON24 Forums aims to transform typical virtual meetings into engaging, branded experiences. The platform is now available and is part of the broader ON24 Platform that supports diverse digital interactions.

ON24 (NYSE: ONTF) will announce its Q1 2022 financial results on May 10, 2022, after U.S. markets close. A conference call will follow at 2:00 p.m. Pacific Time to discuss the results and business performance. The call will be accessible via dial-in or webcast, with a link provided for those wishing to join. ON24 serves over 2,100 customers globally, including major tech and financial institutions, focusing on digital engagement to drive revenue growth. Investors will find the archived version of the webcast on the company's investor relations website.

ON24 (NYSE: ONTF) has appointed Tony Zingale, a seasoned enterprise software expert, to its board of directors, replacing Holger Staude after nearly six years. Zingale's extensive experience includes leadership roles at Jive Software, Mercury Interactive, and Clarify, where he focused on building profitable, high-growth companies. CEO Sharat Sharan emphasized the strategic importance of Zingale's role in executing ON24's priorities for innovation and customer success. ON24 continues to provide a leading digital engagement platform, supporting over 2,100 customers and millions of professionals globally.

ON24 reported a 12% year-over-year increase in ARR to $171.4 million for Q4 2021, with total revenue at $52.0 million (-2% YoY). Subscription revenues grew by 9% to $45.0 million, while professional services revenue fell by 41% to $7.0 million. The full year saw a 30% revenue growth, totaling $203.6 million. However, the company reported a GAAP net loss of $9.5 million in Q4. For 2022, ON24 anticipates revenue of $200-204 million and a non-GAAP net loss per share of $(0.64) to $(0.58).

ON24 (NYSE: ONTF) has launched the ON24 Partner Network, collaborating with over 40 leading agencies and software companies to enhance digital engagement strategies for businesses. This network aims to facilitate integrations and services that improve customer insights and revenue growth through first-party data utilization across various sales and marketing activities. With the launch, ON24 outlines its commitment to customer success and growth, leveraging partnerships to optimize the digital buyer journey and expand product offerings in response to market demands.

ON24 reports remarkable growth in digital engagement as B2B marketers have increased total digital experiences by 136% over the past two years. While industry concerns about digital fatigue rise, audience engagement metrics show no signs of decline, with CTAs soaring by 3,106% in 2021. Key findings indicate an 8% increase in average webinar attendance and a 31% rise in attendee interaction with engagement tools. This data underscores the effectiveness of engaging digital experiences in overcoming fatigue, providing crucial insights for marketers.

ON24 (NYSE: ONTF) has been rated the top webinar software for customer satisfaction by enterprise and midmarket users for the third consecutive quarter, according to G2. The ON24 Webcast Elite platform excels in delivering live, simulive, and on-demand webinars, enhancing customer engagement and providing valuable data for demand generation. The recognition from G2 reinforces ON24's market presence and commitment to driving revenue growth for its clients, highlighting its reputation among over 2,000 companies globally.