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CVENT HOLDING CORP.

investors.cvent.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2023 10-Q, filed May 5, 2023. Its latest SEC filing is a 15-12G from Jun 26, 2023.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Provides event organizers and marketers with software to plan, promote, and manage in-person, virtual, and hybrid events; also connects event organizers with hotels and venues through a marketplace.

How Did They Make Money?

Event organizers pay for Event Cloud subscriptions, while hotels and venues pay for advertising placements and cloud software. Contracts are typically annual or multi-year and billed in advance in annual or quarterly installments; income is earned over the subscription or advertising period.

revenue
SegmentShareRevenue
Event Cloud
Recurring

70%
Hospitality Cloud
Recurring

30%

Who Were Their Customers?

Corporations, associations, nonprofits, universities, government entities and third-party planners buy event software directly; hotels, venues and destinations buy marketing and software directly.

Did Revenues Turn Into Profits?

Not on paper. It lost $100.3M in FY2022, but brought in more cash than it spent: $117.2M of free cash flow.

Operating income, FY2022
−12% of revenue
▲ +71% (Loss) vs FY2021 (−$44.6M, −9%)
Net income, FY2022
−16% of revenue
▲ +16% (Loss) vs FY2021 (−$86.1M, −17%)
Free cash flow, FY2022
19% of revenue
▼ 0% vs FY2021 ($117.5M, 23%)

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q1 FY2023, the three months to Mar 31, 2023
Revenue
▲ +21%
vs $137.4M in Q1 FY2022
Net income
▲ +4% (Loss)
vs −$31.4M in Q1 FY2022
Event Cloud share of revenue vs 69.2% in Q1 FY2022
  • Jun 15, 2023 Blackstone acquired Cvent, taking it private Shareholders received $8.50 per share in cash, and Cvent’s common stock was delisted from Nasdaq.
Revenue over time
Event Cloud Hospitality Cloud
$1B$500M$0

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