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. (Symbol: ONTF) is a leader in the webinar marketing space, providing a robust, cloud-based platform designed to enhance demand generation, lead qualification, and customer engagement. Their award-winning, patented technology enables businesses of all sizes to deliver engaging live and on-demand webinars. ON24’s solutions are especially noteworthy for their industry-leading analytics capabilities, which can seamlessly integrate with all major marketing automation and CRM platforms.
ON24’s platform is not just about webinars; it extends to virtual training, talent development, and town hall meetings, making it a versatile tool in today's digital-first world. The company's clientele includes over 1,500 global enterprises, such as IBM, CA Technologies, Merck, JPMorgan Chase, Credit Suisse, and SAP, underscoring its significant market presence.
Headquartered in San Francisco, ON24 has a global footprint with offices around the world. The company primarily generates revenue through subscription agreements, allowing customers access to their comprehensive suite of services. Most of its revenue is derived from the United States.
ON24 continues to innovate and expand its product portfolio to better serve its diverse customer base. Their current projects and recent achievements often make headlines, reflecting their commitment to driving revenue through enhanced customer engagement. For more detailed information on their offerings and latest updates, visit www.on24.com.
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) 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) 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.
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).
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