Here's What Key Metrics Tell Us About ON24 (ONTF) Q3 Earnings

Core Insights - ON24 reported $36.33 million in revenue for Q3 2024, a year-over-year decline of 7.4%, with an EPS of $0.02 compared to $0.03 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $35.55 million by 2.19%, while the EPS surprise was 100% against the consensus estimate of $0.01 [1] Financial Metrics - Annualized Recurring Revenue (ARR) stood at $132.20 million, slightly above the average estimate of $131.02 million from two analysts [3] - Revenue from Professional Services was $2.47 million, surpassing the estimated $2.44 million, but reflecting an 11.7% decline year-over-year [3] - Subscription and other platform revenue reached $33.86 million, exceeding the average estimate of $32.66 million, yet showing a 7.1% decrease compared to the previous year [3] Stock Performance - ON24 shares have increased by 9.1% over the past month, outperforming the Zacks S&P 500 composite, which rose by 3.2% [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]