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 launched ON24 Go Live, a self-service platform designed for B2B marketers to create and stream engaging digital events efficiently. The solution addresses the growing demand for virtual events, with a recent Forrester survey revealing that 63% of B2B companies plan to conduct more virtual events in the upcoming year. ON24 Go Live enables marketers to set up various event formats, enhance audience participation through interactive features, and gather actionable attendee data, thereby facilitating better sales and marketing integration.
ON24 (NYSE: ONTF) is set to release its fourth quarter and full year 2021 financial results on February 28, 2022, after U.S. market close. A conference call will follow at 2:00 PM PT (5:00 PM ET) to discuss financial performance. The company, headquartered in San Francisco, offers a cloud-based hybrid engagement platform that supports over 2,000 global clients, including major technology and financial institutions. ON24's platform enables businesses to enhance engagement and drive revenue growth through webinars and virtual events.
ON24 (NYSE: ONTF) has announced integrations with the Drift platform, enabling joint customers to merge real-time Drift activity and conversational data with ON24's engagement data. This integration aims to enhance tracking of marketing and sales engagement, thus accelerating buyer journeys. Drift's chatbot will allow for more efficient lead qualification and sales engagement. The ON24 platform will further integrate Drift data with third-party applications for improved customer insights, with full functionality expected in early 2022.
ON24 (NYSE: ONTF) announced a $50 million share repurchase program, reflecting the company's confidence in its long-term growth potential. The program is set to last for 18 months and aims to purchase shares through various methods, depending on market conditions. As of September 30, 2021, ON24 reported $399.7 million in cash and cash equivalents. This initiative is part of their strategy to enhance shareholder value while maintaining flexibility for future investments.
ON24 (NYSE: ONTF) supports businesses in enhancing customer connections through digital experiences. Informa Engage, its digital marketing division, hosted about 3,400 digital events in the past year, marking a 31% growth. The ON24 platform is pivotal for companies adapting to digital marketing, facilitating lead generation and revenue growth. Notable initiatives include 'Digital Weeks' in life sciences and 'Restaurants Rise' for the hospitality sector. With ON24's extensive client base, it continues to power significant digital transformations across various industries.
ON24 (NYSE: ONTF) has integrated its digital engagement platform with HubSpot's CRM, enhancing customer insights across digital and in-person interactions. This listing on the HubSpot App Marketplace allows sales and marketing teams access to first-person engagement data, enabling personalized customer interactions. The integration supports live webinars, virtual events, and more, giving users valuable insights into audience behavior. Additional enhancements for engaging data are expected in the coming year, aligning with the increasing importance of digital experiences in marketing strategies.
ON24 reported a strong third quarter for 2021, with annualized recurring revenue (ARR) increasing 20% year-over-year to $167.2 million. Total revenue also rose 16% to $49.4 million, driven by a 27% increase in subscription and platform revenue. However, the company faced a GAAP operating loss of $9.3 million, a significant decline from a profit of $6.8 million in Q3 2020. Looking ahead, ON24 projects Q4 revenue between $51.0 and $52.0 million and a non-GAAP net loss per share of $(0.10) to $(0.08).
ON24 (NYSE: ONTF) highlights the increasing adoption of digital engagement in the life sciences sector, helping companies connect with healthcare professionals (HCPs) through virtual events and other digital experiences. Over 135 life sciences companies, including 14 of the 20 largest pharmaceutical companies, utilize ON24's platform to enhance HCP engagement and support product launches. The company offers various tools such as webinars and multimedia content to optimize communications and improve patient outcomes.
ON24 (NYSE: ONTF) is witnessing a significant shift in the manufacturing sector towards digital engagement for partner enablement and demand generation. Over 185 manufacturers, including major players like Owens Corning and Schneider Electric, are using ON24's platform to enhance education and lead generation efforts. The platform offers various digital experiences, including webinars and virtual conferences, enabling companies to capture actionable insights and accelerate sales cycles. This transition is crucial for manufacturers to stay connected with their partners and end users in a digital-first world.
ON24 announced the launch of ON24 Go Live, a self-service virtual event solution that enhances live-streaming capabilities for businesses. This platform allows organizations to create interactive events quickly, covering everything from registration to keynotes and networking.
Designed for ease of use, it offers pre-built templates and integrates with marketing tools to optimize event management. ON24 Go Live aims to meet the growing demand for digital engagement, enabling companies to drive lead generation and revenue through interactive experiences.
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