Overview

* ON24 ( ONTF ) Q3 revenue of $34.6 mln beats analyst expectations

* Adjusted EPS for Q3 at $0.03, exceeding analyst estimates

* Company raises FY2025 revenue and bottom-line guidance

Outlook

* ON24 ( ONTF ) raises FY2025 revenue guidance to $138.6 mln-$139.2 mln

* Company expects Q4 revenue of $33.9 mln-$34.5 mln

* ON24 ( ONTF ) anticipates Q4 non-GAAP net income per share of $0.01-$0.02

Result Drivers

* AI SOLUTIONS ADOPTION - Nearly one in five customers are now purchasing ON24's ( ONTF ) AI-powered solutions, with this number increasing each quarter

* LINKEDIN PARTNERSHIP - Collaboration with LinkedIn is enhancing ON24's ( ONTF ) event marketing capabilities, attracting the right audiences to events

* FOCUS ON REGULATED INDUSTRIES - ON24 ( ONTF ) is targeting regulated industries for new business, contributing to its strategic priorities

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $34.60 $33.87

Revenue mln mln (4

Analysts

)

Q3 Beat $0.03 $0.01 (4

Adjusted Analysts

EPS )

Q3 Beat $1.20 $431,670

Adjusted mln (3

Net Analysts

Income )

Q3 Net -$6.40

Income mln

Q3 Beat -$400,00 -$1.05

Adjusted 0 mln (4

Operatin Analysts

g Income )

Q3 ARR $124.50

mln

Q3 Free $2.20

Cash mln

Flow

Q3 -$8 mln

Operatin

g Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy."

* Wall Street's median 12-month price target for ON24 Inc ( ONTF ) is $5.00, about 1.2% above its November 7 closing price of $4.94

* The stock recently traded at 109 times the next 12-month earnings vs. a P/E of 137 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)