On24 reports Q3 EPS 3c, consensus 1c

Reports Q3 revenue $34.6M, consensus $33.87M. “We are pleased to deliver Q3 results above guidance. We made progress on our strategic priorities, including our AI-driven agenda, our continued focus on regulated industries for new business, and driving efficiency in our go-to-market engine to increase profitability. With nearly one in five customers buying ON24’s (ONTF) AI offerings, a number which is increasing every quarter, and by recently partnering with LinkedIn, we are driving the next generation of event marketing. Our efforts and momentum further enhance ON24’s leadership as an AI-enabled Intelligent Engagement platform,” said Sharat Sharan, co-founder and CEO of ON24.