Recap: ON24 Q1 Earnings

ON24 ONTF reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

ON24 beat estimated earnings by 42.86%, reporting an EPS of $-0.04 versus an estimate of $-0.07.

Revenue was down $5.43 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.05 which was followed by a 18.88% drop in the share price the next day.

Here's a look at ON24's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.09 -0.16 -0.16 -0.16
EPS Actual -0.04 -0.07 -0.14 -0.13
Revenue Estimate 46.15M 47.41M 47.27M 47.76M
Revenue Actual 46.57M 47.58M 48.24M 48.49M

To track all earnings releases for ON24 visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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