ON24 INC Stock Price, News & Analysis

ON24 has appointed Jason Olkowski as the new Chief Customer Success Officer. With over 15 years of experience in enterprise software, Olkowski aims to enhance customer satisfaction and retention for ON24's more than 2,000 clients. This transition follows the tenure of Scott Ray, who served over 20 years in the role. CEO Sharat Sharan emphasized the importance of this appointment for accelerating ON24's customer expansion strategy, helping clients leverage data to improve business outcomes.

ON24 has partnered with 6sense to enhance customer engagement and drive revenue growth using digital experiences. Through the ON24 Platform, 6sense has leveraged audience data and analytics, delivering a significant ROI and generating millions in new pipeline. The collaboration focuses on account engagement, enabling sales teams to effectively prioritize leads. ON24's tools, including Webcast Elite, support 6sense in scaling demand generation activities and improving customer relationships.

ON24 has launched ON24 Elite Explore, an upgraded webinar solution aimed at enhancing digital engagement for marketers. This platform introduces a redesigned user interface with customizable viewing experiences, new engagement tool styles, and advanced production features. Additional enhancements include improved reporting capabilities and data integration with leading CRM and marketing solutions. All innovations are now available, showcasing ON24's commitment to delivering impactful webinar experiences.

ON24 (NYSE: ONTF) is set to launch its innovative webinar solution, ON24 Elite Explore, during a groundbreaking event on August 24, 2022. The platform advances webinar marketing with enhanced features including a streamlined production experience, improved recording tools, and new audience engagement options. This launch highlights the company's commitment to digital engagement, serving over 2,100 global clients with AI-driven insights for revenue growth. For more details, visit ON24.com.

ON24 (NYSE: ONTF) has emerged as the top source of leads for consulting firm ZS, following a successful expansion of their annual ZS Impact Summit. The event saw a remarkable 72% attendee-to-registrant conversion rate, tripling the number of attendees compared to previous years. Utilizing ON24 digital platforms, ZS was able to gather extensive audience data and enhance client engagement through gamification and analytics integration with Marketo. This collaboration signifies a strategic win for ON24, as they support ZS in transforming event marketing and demand generation.

ON24 reported its second-quarter financial results for 2022, highlighting total revenue of $48.2 million, a 7% decline year-over-year. The company achieved an Annual Recurring Revenue (ARR) of $167.8 million, up 2% year-over-year. Professional Services revenue dropped 33% to $5.2 million. ON24 recorded a GAAP net loss of $16.2 million, or $(0.34) per diluted share. Outlook includes a revenue guidance of $191 to $195 million for 2022, with an expected Non-GAAP operating loss between $(27.5) to $(24.5) million.

ON24 (NYSE: ONTF) has been recognized by two independent research firms for its innovative digital engagement platform, enhancing sales and marketing across various sectors.

Forrester's report places ON24 in the growth stage for account-based marketing (ABM) solutions and early stage for conversation automation technology, highlighting its personalized engagement capabilities. Acknowledgments from Gartner also identify ON24 as a key player in event technology platforms.

The company's virtual event strategy has resulted in a notable 35% increase in marketing's contribution to the pipeline.

ON24 (NYSE: ONTF) has announced the winners of its second annual ON24X Awards, recognizing companies excelling in digital engagement. Key winners include Humana for its on-demand content hub, Home Depot for expanding online workshops, and SAP for hosting a successful hybrid event. These companies utilized the ON24 platform to enhance customer engagement and drive measurable business impact. ON24 continues to support over 2,100 customers globally, helping them leverage digital experiences to boost revenue.

ON24 (NYSE: ONTF) is set to release its second quarter 2022 financial results after the U.S. market close on August 9, 2022. The company will hold a conference call and webcast at 2:00 p.m. PT to discuss its business and financial performance. ON24 delivers a digital engagement platform, serving over 2,100 customers worldwide, including major global technology firms and banks. For further details, visit their website.