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, a leader in digital engagement solutions, partners with Varian to enhance training for oncology medical professionals. The collaboration utilizes ON24's platform for live and on-demand webinars, enabling clinicians to access critical information on cancer treatments. This shift aims to improve the delivery of care globally, addressing a key need in the medical community. Varian has replaced its previous webinar tools with ON24's advanced features, such as interactive elements and analytics, enhancing user experience and engagement.
ON24 (NYSE: ONTF) has been recognized for its innovation in event management, virtual event platforms, and webinar software, receiving top ratings from customer review sites TrustRadius and G2. For the second consecutive year, ON24 achieved a top-rated award on TrustRadius for customer satisfaction. Additionally, ON24 Webcast Elite was ranked the #1 webinar software by G2 users for the fourth straight quarter, noted for its high customer satisfaction and market presence.
ON24 (NYSE: ONTF) announced its participation in several upcoming investor events, including the Needham Technology & Media Conference on May 16, 2022, and the J.P. Morgan Global Technology, Media and Communications Conference on May 23, 2022. Also scheduled is the Baird Global Consumer, Technology & Services Conference on June 6, 2022, and a presentation at the William Blair Growth Stock Conference on June 7, 2022, at 1:20 p.m. PT. Live webcasts of these presentations will be available on the company's investor relations website.
ON24 (NYSE: ONTF) has announced enhanced account-based marketing (ABM) capabilities on its platform to improve personalization for B2B buyers. Leveraging first-party data, organizations can customize digital experiences such as webinars and content hubs based on individual buyer profiles. Key features include dynamic greetings, targeted engagement, and automatic branding customization. This upgrade builds on previous personalization efforts aimed at meeting the growing expectations of B2B buyers for tailored digital interactions.
ON24 (NYSE: ONTF) has enhanced its integration with HubSpot, allowing users to access engagement and conversion data from the ON24 platform. This new feature builds on previous integrations and offers actionable insights to sales and marketing teams. Over 75 customers have adopted the ON24-HubSpot integration within six months of its launch. Enhanced data visibility enables better lead qualification and personalized interactions. The company also announced additional innovations and account-based marketing capabilities to further boost personalization.
ON24 (NYSE: ONTF) has launched significant updates to its platform aimed at enhancing customer engagement and insights. Key features include:
- New live engagement experience with moderated discussions.
- Enhanced breakout rooms for better attendee interaction.
- Expanded chat capabilities allowing unlimited attendee interaction.
- Account-based personalization for targeted marketing.
- Hybrid virtual conference options for diverse attendee experiences.
- New reporting tools to analyze engagement metrics.
These innovations are designed to empower marketers to drive sales and boost audience participation.
ON24 (NYSE: ONTF) reported its Q1 2022 financial results, showing total revenue of $48.5 million, a 3% decline year-over-year. ARR stands at $167.7 million, up 3% year-over-year. Subscription revenue grew 1% to $43.5 million, while professional services revenue fell 30% to $5.0 million. The company posted a GAAP net loss of $15.5 million or $(0.32) per diluted share. For Q2 2022, ON24 expects revenue between $47 million and $48 million and updated its full-year revenue outlook to $191 million to $195 million.
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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.
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