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 a new enterprise solution to enhance audience engagement and provide actionable insights for sales and marketing. This solution combines ON24 Live and On-Demand Captioning, ON24 Intelligence, and ON24 Connect, allowing marketers to optimize their digital programs. Key features include multilingual captioning in over 60 languages, in-depth analytics for content performance, and seamless integration with major marketing systems. The solution aims to improve accessibility and drive effective interactions, enhancing the customer journey and accelerating sales processes.
ON24 (NYSE: ONTF) has appointed Byron Bardy as VP of Corporate Development and Strategic Alliances. Bardy, with over 25 years of experience, previously led M&A strategies at Medallia. His role at ON24 focuses on enhancing strategic partnerships to expand the company's ecosystem and accelerate the adoption of its Digital Experience Platform. CEO Sharat Sharan emphasized Bardy's ability to drive growth through partnerships with major tech firms like Adobe and Microsoft. ON24 serves over 1,900 companies worldwide, including large banks and tech firms, facilitating millions of engagements.
ON24 reported impressive financial results for Q4 and the fiscal year 2020. The company achieved a 100% increase in Annual Recurring Revenue (ARR) to $153.4 million, while total revenue reached $53.3 million, up 123% year-over-year. Operating income surged to $9.6 million from a loss of $3.0 million in Q4 2019. Net income was $9.5 million or $0.17 per diluted share, compared to a net loss of $3.5 million in 2019. The company expects first-quarter revenue between $48.5 and $49.0 million, and full-year 2021 revenue guidance of $205.5 to $208.5 million.
ON24 (NYSE: ONTF) has appointed Yoshiyuki Ueda as country manager for Japan, tasked with enhancing strategic customer relationships and driving digital transformation. Ueda, equipped with over 20 years of digital experience, aims to support Japanese firms' digital engagement efforts. Major companies like Expedia and Fujitsu utilize ON24’s Digital Experience Platform to enhance customer interaction. This move aligns with ON24's broader expansion strategy across key global markets. The company's customer base includes 1,900 organizations, evidencing its robust market presence.
ON24 has launched the Virtual Conference Professional (Pro), a new solution designed for creating large-scale digital events efficiently. This user-friendly platform allows marketing teams to set up interactive global events quickly, enabling enhanced customer engagement through customizable features. Building on the success of the existing Virtual Conference Enterprise, Pro aims to make virtual events accessible to a wider audience. Both editions prioritize security and integration with ON24's Digital Experience Platform, catering to diverse business needs.
ON24 (NYSE: ONTF) will report its fourth quarter and full year 2020 financial results on March 17, 2021, after U.S. markets close. Management will hold a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the performance. ON24, a cloud-based digital experience platform, supports over 1,900 companies globally, helping convert prospects into buyers through webinars and virtual events. The platform engages approximately 4 million professionals monthly, totaling over 2.5 billion engagement minutes annually.
DLA Piper represented ON24 in its IPO, offering 8,560,930 shares at $50 each, raising approximately $428 million. Of these, 6,315,789 shares are from ON24 and 2,245,141 from selling stockholders. The underwriters also have a 30-day option for 1,284,139 additional shares. ON24 specializes in a cloud-based digital experience platform that enables businesses to enhance customer engagement through webinars and virtual events, capturing actionable data to drive sales.
ON24, Inc. (NYSE:ONTF) announced the pricing of its IPO, offering 8,560,930 shares of common stock at $50.00 per share. The company is providing 6,315,789 shares, while certain stockholders are offering 2,245,141 shares. A 30-day option allows underwriters to purchase an additional 1,284,139 shares. The shares will start trading on NYSE on February 3, 2021, with the offering expected to close on February 5, 2021. Goldman Sachs, J.P. Morgan, and KeyBanc are leading the offering.