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Given Cvent’s entry into a definitive agreement on Mato be acquired by Blackstone, the Company will not host a conference call to discuss its fourth quarter and full year 2022 financial results and outlook.Ĭvent Holding Corp. Given Cvent’s entry into a definitive agreement on Mato be acquired by an affiliate of private equity funds managed by Blackstone (“Blackstone”), the Company will not provide guidance for first quarter and full year 2023. Reconciliation of Adjusted EBITDA and Adjusted EBITDA margin results to their GAAP basis results are shown in detail below. Adjusted EBITDA in the comparable period of 2021 was $103.7 million, with an Adjusted EBITDA margin of 20.0%.Ĭash, Cash Equivalents and Short-Term InvestmentsĬash, cash equivalents and short-term investments as of Decemtotaled $140.0 million, compared to $127.1 million as of December 31, 2021. Net loss was $100.3 million for the fiscal year 2022 compared to $86.1 million in the comparable period in 2021.Īdjusted EBITDA (defined below) was $113.4 million for the fiscal year 2022, which was $3.7 million higher than the high end of our guidance, and Adjusted EBITDA margin (defined below) was 18.0% compared to the high end of our guidance of 17.4%.
Hospitality Cloud revenue was $189.5 million for the fiscal year 2022, an increase of 20.9% from the comparable period in 2021. Total revenue was $630.6 million for the fiscal year 2022, an increase of 21.5% from the comparable period in 2021, and $0.7 million higher than the high end of our guidance.Įvent Cloud revenue was $441.1 million for the fiscal year 2022, an increase of 21.8% from the comparable period in 2021. Adjusted EBITDA in the comparable period of 2021 was $32.8 million, with an Adjusted EBITDA margin of 22.7%. Net loss was $19.1 million for the fourth quarter of 2022 compared to $21.5 million in the comparable period in 2021.Īdjusted EBITDA (defined below) was $43.5 million for the fourth quarter of 2022, which was $3.7 million higher than the high end of our guidance.Īdjusted EBITDA margin (defined below) was 25.5% compared to the high end of our guidance of 23.4%. Hospitality Cloud revenue was $50.3 million for the fourth quarter of 2022, an increase of 20.5% from the comparable period in 2021.
Total revenue was $170.9 million for the fourth quarter of 2022, an increase of 18.2% from the comparable period in 2021, and $0.6 million higher than the high end of our guidance.Įvent Cloud revenue was $120.6 million for the fourth quarter of 2022, an increase of 17.2% from the comparable period in 2021. (“Cvent”) (Nasdaq: CVT), an industry-leading meetings, events and hospitality technology provider, today announced financial results for the fourth quarter and full fiscal year ended December 31, 2022.
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