11/8/2021

speaker
Call Operator
Conference Call Host

Greetings. Welcome to SEVA Third Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note the conference is being recorded. I would now like to turn the conference over to Amy Ski, Investor Relations. Thank you. You may begin.

speaker
Amy Ski
Investor Relations

Good afternoon, and thank you for joining us today to review Cvent's third quarter 2021 financial results, which we announced in a press release issued after the close of the market today. Joining the call today are Christian Jensen, partner and co-head of private investments at Dragoneer, Reggie Agarwal, Cvent's founder and CEO, and Billy Newman, Cvent's CFO. Before we begin, I would like to remind you that statements we make during this call that are not statements of historical fact constitute forward-looking statements. The forward-looking statements we make today about the company's results and plans are subject to risks and uncertainties that may cause the actual results and the implementation of the company's plans to vary materially from these statements. These risks are discussed in part under the risk factors heading in the registration statement on Form S-4, filed by Dragoneer Growth Opportunities Corp 2 with the SEC on October 19, 2021, which was declared effective on October 29, 2021. Cvent disclaims any intention or obligation other than imposed by law to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Further, these comments and the accumulated files are copyrighted today by Cvent. Any recording, retransmission, reproduction, or other use of the same for profit or otherwise without prior consent from Cvent is prohibited and a violation of the United States copyright and other laws. Additionally, while we have approved the publishing of a transcript to this call by a third party, we take no responsibility for the accuracy of this transcript. Please note the discussion on today's call includes certain non-GAAP financial measures related to the company's performance, and we will note which metrics are non-GAAP financial measures. The company believes these non-GAAP financial measures provide useful information to management and investors regarding certain financial and business trends relating to the company's financial condition and results of operation. A reconciliation of historical gap to non-gap measures is available in our third quarter press release. With that, I'll now turn the call over to Christian.

speaker
Christian Jensen
Partner and Co-head of Private Investments at Dragoneer Investment Group

Hi, I'm Christian Jensen, partner and co-head of private investments at Dragoneer Investment Group. I'm pleased to be here today with CVEN as they announce strong third quarter 2021 earnings results. These results are consistent with our thesis that CVEN's sustainable differentiation differentiated position within the event tech ecosystem, and highly recurring revenue model will drive strong, predictable, and consistent top line growth. And even as they invest in numerous strategic growth initiatives, they continue to deliver healthy EBITDA margins. The return to double digit revenue growth this quarter amidst pressure from the Delta variant exceeded our expectations and the guidance given to investors. This is a testament to the quality of management the entrepreneurial spirit of the company, the team's strong executional capability, and their commitment to deliver shareholder value. We look forward to our partnership with Cvent as they reenter the public market and transform the meetings and events industry. Just a quick update on the transaction. The merger is still expected to close in the fourth quarter of 2021. With that, I'll turn it over to Reggie.

Disclaimer

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