NYSE$ONTF
ON24 Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Announced first quarter 2024 financial results, exceeding profitability targets for the 4th consecutive quarter and showing signs of customer base stabilization.
ON24 reported solid topline results with total revenue of $37.7 million, achieving profitability targets for the fourth consecutive quarter. The company saw continued stabilization in its customer base and expansion through its newly launched AI-powered next-generation platform.
- Total Revenue of $37.7 million and exceeded profitability targets for 4th consecutive quarter
- Continued signs of stabilization in customer base driven by positive trends in gross retention
- Strong enterprise business performance metrics; including record percentage of ARR in multiyear agreements and highest ARR per customer
- Growth ARR uplift from momentum of early adopters of the ON24 next gen platform and AI-powered offerings
Headline financials
Revenue & EPS history
ON24 · Revenue · Quarterly
$37.7M
Revenue by segment
ON24 · $40.5M total across 1 segment · Q2 2023
- Core Platform$40.5M—100.0%
Forward guidance
For the second quarter of 2024, ON24 expects total revenue of $35.8 million to $36.8 million and Non-GAAP net income per share of $0.00 to $0.02.
Tailwinds
- Core Platform Revenue, including services, to be in the range of $35.0 million to $36.0 million.
- Total revenue of $35.8 million to $36.8 million.
- Non-GAAP net income per share of $0.00 to $0.02 using approximately 46.9 million diluted shares outstanding.
Headwinds
- Looking forward, we are being prudent in our outlook for FY 2024 given continued pressure on marketing budgets
- Non-GAAP operating loss of $1.7 million to $0.7 million.
- Restructuring charge of $0.6 million to $0.9 million, excluded from the Non-GAAP amounts above.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
-4.1%
Avg return
Earnings day
-3.0%
Avg return
5 days after
-3.5%
Avg return
30 days after
29%
7 / 24 earnings
Positive
+14.1%
Q3 2025
Best reaction
-31.5%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -0.1% | +0.1% | +0.9% | |
| Q3 2025 | +14.1% | +11.4% | +20.4% | |
| Q2 2025 | +3.8% | +10.6% | +15.9% | |
| Q1 2025 | +0.6% | +14.6% | +17.2% | |
| Q4 2024 | -4.1% | -8.9% | -11.1% | |
| Q3 2024 | -0.8% | -1.7% | +0.0% | |
| Q2 2024 | +1.2% | +3.4% | +1.7% | |
| Q1 2024 | -6.5% | -4.4% | -15.8% | |
| Q4 2023 | -9.5% | -6.4% | -11.7% | |
| Q3 2023 | +2.0% | +7.3% | +16.9% | |
| Q2 2023 | -14.4% | -15.4% | -17.3% | |
| Q1 2023 | -1.1% | -3.3% | -8.6% | |
| Q4 2022 | -19.0% | -16.1% | -13.2% | |
| Q3 2022 | +4.3% | +7.8% | +4.3% | |
| Q2 2022 | +0.3% | -1.3% | -9.6% | |
| Q1 2022 | -6.7% | -12.0% | -2.8% | |
| Q4 2019 | -1.9% | +17.3% | +9.2% | |
| Q4 2021 | -9.6% | -14.6% | -11.6% | |
| Q3 2020 | -2.2% | +2.3% | -0.7% | |
| Q3 2021 | -1.7% | -5.7% | -4.9% | |
| Q2 2020 | -1.5% | -6.8% | -5.2% | |
| Q2 2021 | -31.5% | -32.5% | -34.0% | |
| Q1 2021 | -12.8% | -12.0% | -4.8% | |
| Q4 2020 | -2.2% | -4.5% | -19.5% | |
| Q1 2020 | — | — | — | |
| Q3 2019 | — | — | — |
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