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) announces the appointment of Callan Young as its new Chief Marketing Officer. Young brings extensive B2B software experience and will lead the company's go-to-market strategy to enhance revenue growth. Previously, she served as CMO at Experity and held key roles at Anaplan. CEO Sharat Sharan expressed confidence in Young's ability to scale growth and drive digital engagement. ON24 supports over 2,000 clients globally, focusing on enhancing sales and marketing strategies.
ON24 has appointed Jason Olkowski as the new Chief Customer Success Officer. With over 15 years of experience in enterprise software, Olkowski aims to enhance customer satisfaction and retention for ON24's more than 2,000 clients. This transition follows the tenure of Scott Ray, who served over 20 years in the role. CEO Sharat Sharan emphasized the importance of this appointment for accelerating ON24's customer expansion strategy, helping clients leverage data to improve business outcomes.
ON24 has partnered with 6sense to enhance customer engagement and drive revenue growth using digital experiences. Through the ON24 Platform, 6sense has leveraged audience data and analytics, delivering a significant ROI and generating millions in new pipeline. The collaboration focuses on account engagement, enabling sales teams to effectively prioritize leads. ON24's tools, including Webcast Elite, support 6sense in scaling demand generation activities and improving customer relationships.
ON24 has launched ON24 Elite Explore, an upgraded webinar solution aimed at enhancing digital engagement for marketers. This platform introduces a redesigned user interface with customizable viewing experiences, new engagement tool styles, and advanced production features. Additional enhancements include improved reporting capabilities and data integration with leading CRM and marketing solutions. All innovations are now available, showcasing ON24's commitment to delivering impactful webinar experiences.
ON24 (NYSE: ONTF) is set to launch its innovative webinar solution, ON24 Elite Explore, during a groundbreaking event on August 24, 2022. The platform advances webinar marketing with enhanced features including a streamlined production experience, improved recording tools, and new audience engagement options. This launch highlights the company's commitment to digital engagement, serving over 2,100 global clients with AI-driven insights for revenue growth. For more details, visit ON24.com.
ON24 (NYSE: ONTF) has emerged as the top source of leads for consulting firm ZS, following a successful expansion of their annual ZS Impact Summit. The event saw a remarkable 72% attendee-to-registrant conversion rate, tripling the number of attendees compared to previous years. Utilizing ON24 digital platforms, ZS was able to gather extensive audience data and enhance client engagement through gamification and analytics integration with Marketo. This collaboration signifies a strategic win for ON24, as they support ZS in transforming event marketing and demand generation.
ON24 reported its second-quarter financial results for 2022, highlighting total revenue of $48.2 million, a 7% decline year-over-year. The company achieved an Annual Recurring Revenue (ARR) of $167.8 million, up 2% year-over-year. Professional Services revenue dropped 33% to $5.2 million. ON24 recorded a GAAP net loss of $16.2 million, or $(0.34) per diluted share. Outlook includes a revenue guidance of $191 to $195 million for 2022, with an expected Non-GAAP operating loss between $(27.5) to $(24.5) million.
ON24 (NYSE: ONTF) has been recognized by two independent research firms for its innovative digital engagement platform, enhancing sales and marketing across various sectors.
Forrester's report places ON24 in the growth stage for account-based marketing (ABM) solutions and early stage for conversation automation technology, highlighting its personalized engagement capabilities. Acknowledgments from Gartner also identify ON24 as a key player in event technology platforms.
The company's virtual event strategy has resulted in a notable 35% increase in marketing's contribution to the pipeline.
ON24 (NYSE: ONTF) has announced the winners of its second annual ON24X Awards, recognizing companies excelling in digital engagement. Key winners include Humana for its on-demand content hub, Home Depot for expanding online workshops, and SAP for hosting a successful hybrid event. These companies utilized the ON24 platform to enhance customer engagement and drive measurable business impact. ON24 continues to support over 2,100 customers globally, helping them leverage digital experiences to boost revenue.
ON24 (NYSE: ONTF) is set to release its second quarter 2022 financial results after the U.S. market close on August 9, 2022. The company will hold a conference call and webcast at 2:00 p.m. PT to discuss its business and financial performance. ON24 delivers a digital engagement platform, serving over 2,100 customers worldwide, including major global technology firms and banks. For further details, visit their website.
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