Brief: ON24 Q2 Revenue USD 35.3 Million Vs. IBES Estimate USD 34.7 Million

ON24

07/08/2025 21:22

Overview

ON24 Q2 revenue of $35.3 mln beats analyst expectations, per LSEG data

Adjusted net income for Q2 beats estimates; GAAP net loss of $7.3 mln

Co achieves positive operating and free cash flow for 6th consecutive quarter

Outlook

ON24 expects Q3 revenue of $33.6 mln to $34.2 mln

Company forecasts full-year revenue of $137.7 mln to $138.7 mln

ON24 anticipates Q3 non-GAAP net income per share of $0.00 to $0.02

Company projects full-year non-GAAP operating loss of $5.2 mln to $3.8 mln

Result Drivers

GROSS RETENTION - Achieved highest gross retention rate in past 4 years, enhancing customer loyalty

MULTI-YEAR AGREEMENTS - Record percentage of ARR in multi-year agreements, boosting revenue stability

AI ADOPTION - Increased adoption of AI-powered ACE solutions, driving engagement and customer growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$35.30 mln
$34.70 mln (4 Analysts)
Q2 Adjusted Net Income
Beat
$1 mln
$259,300 (3 Analysts)
Q2 Net Income
-$7.30 mln
Q2 Adjusted Operating Income
Beat
-$900,000
-$1.12 mln (4 Analysts)
Q2 ARR
$127.10 mln
Q2 Free Cash Flow
$2.10 mln
Q2 Operating Income
-$9.20 mln


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 is $5.00, about 1.4% above its August 6 closing price of $4.93

The stock recently traded at 138 times the next 12-month earnings vs. a P/E of 107 three months ago

Press Release: ID:nBw6GB4Wha

(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.)