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Dec 31, 2020
ON24 Q4 2020 Earnings Report
Announced fourth quarter and full year 2020 financial results, demonstrating strong revenue growth and increased customer engagement.
Key Takeaways
ON24 reported a significant increase in revenue for Q4 2020, with total revenue growing by 123% year-over-year to $53.3 million. The company's ARR also saw substantial growth, increasing by 100% year-over-year to $153.4 million. ON24's operating income was $9.6 million, a notable improvement from the operating loss in Q4 2019. Net income was $9.5 million, or $0.17 per diluted share, compared to a net loss in the same quarter of the previous year.
Total revenue increased by 123% year-over-year, reaching $53.3 million.
ARR grew by 100% year-over-year, totaling $153.4 million as of December 31, 2020.
Operating income was $9.6 million, a significant improvement from the operating loss in Q4 2019.
Net income was $9.5 million, or $0.17 per diluted share, compared to a net loss in Q4 2019.
ON24
ON24
Forward Guidance
For the first quarter of 2021, ON24 expects total revenue between $48.5 to $49.0 million, non-GAAP operating income of $0.5 to $1.0 million, and non-GAAP net income per share of $0.00 to $0.01.