On24 Inc is a leading provider of digital engagement solutions that help organizations create and deliver impactful online experiences
The company specializes in virtual events, webinars, and multimedia content, enabling businesses to connect with their audiences in innovative ways. By offering a comprehensive platform that includes robust analytics and interactive features, On24 empowers companies to engage participants, gather valuable insights, and enhance their marketing strategies in the digital landscape. Their solutions cater to a variety of industries, supporting marketing, lead generation, and customer education initiatives to foster meaningful connections and drive business growth.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at ON24 (NYSE:ONTF) and its peers.
Shares of virtual events software company (NYSE:ONTF)
fell 6.8% in the afternoon session after the company reported weak fourth quarter 2024 results: its full-year EPS guidance missed significantly and its EPS guidance for next quarter also fell short of Wall Street's estimates. Sales declined 6.8% year on year, reflecting lower demand for its virtual conference products.
On the other hand, ON24 blew past analysts' EBITDA expectations this quarter, and next year's revenue guidance was robust. Overall, this quarter could have been better.
Virtual events software company (NYSE:ONTF) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 6.8% year on year to $36.68 million. The company expects next quarter’s revenue to be around $34.25 million, close to analysts’ estimates. Its non-GAAP profit of $0.06 per share was significantly above analysts’ consensus estimates.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how sales and marketing software stocks fared in Q3, starting with ON24 (NYSE:ONTF).
ON24 has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 12.5% to $6.47 per share while the index has gained 9.3%.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the sales and marketing software stocks, including Upland (NASDAQ:UPLD) and its peers.
Virtual events software company (NYSE:ONTF) reported Q3 CY2024 results beating Wall Street’s revenue expectations, but sales fell 7.4% year on year to $36.33 million. The company expects next quarter’s revenue to be around $35.9 million, close to analysts’ estimates. Its non-GAAP profit of $0.02 per share was also 3,177% above analysts’ consensus estimates.
