ON24 INC Stock Price, News & Analysis

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.

ON24 (NYSE: ONTF) announced recognition for innovative digital experiences from various companies utilizing its platform. The annual “Webinars and Virtual Events that Rocked” event highlighted top B2B companies enhancing engagement and audience insights through webinars and virtual events. Notable honorees include ADP, Mercury Healthcare, Charles Schwab, and SAP, showcasing significant audience interaction and data capture. Mark Bornstein of ON24 emphasized the importance of digital experiences in driving revenue and marketing effectiveness.

ON24 (NYSE: ONTF) has been recognized as a global leader in the Vendor Selection Matrix, Marketing Event Management report by Research In Action. The company earned the top position among 19 vendors, showcasing outstanding strategy and execution in delivering engaging digital experiences. The ON24 Platform empowers businesses to enhance customer interactions and conversion rates through tailored webinars, virtual events, and multimedia hubs. This recognition reflects ON24's commitment to driving measurable revenue growth for over 2,000 companies globally.

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.