ON24 INC Stock Price, News & Analysis

ON24 reported third-quarter 2022 results with total revenue of $47.6 million, a 4% decline year-over-year. The Annual Recurring Revenue (ARR) stands at $165.6 million, witnessing a 1% decrease influenced by foreign currency effects. The company improved its cost structure, achieving approximately $16 million in annual run-rate savings. A net loss of $14.4 million was recorded, equating to $(0.30) per share. For Q4 2022, ON24 anticipates revenue between $45.7 million and $46.7 million and aims for a substantial reduction in non-GAAP losses.

ON24 (NYSE: ONTF) is set to release its third quarter 2022 financial results on November 9, 2022, after U.S. market close. A conference call and webcast will follow at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company's performance. ON24 provides a robust sales and marketing platform for digital engagement, serving over 2,000 customers globally, including top technology, banking, healthcare, and industrial firms. The company aims to enhance revenue growth through interactive webinars and virtual events.

ON24 (NYSE: ONTF) announces the appointment of Callan Young as its new Chief Marketing Officer. Young brings extensive B2B software experience and will lead the company's go-to-market strategy to enhance revenue growth. Previously, she served as CMO at Experity and held key roles at Anaplan. CEO Sharat Sharan expressed confidence in Young's ability to scale growth and drive digital engagement. ON24 supports over 2,000 clients globally, focusing on enhancing sales and marketing strategies.

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.