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TechTarget, Inc.
11/12/2024
Good afternoon, thank you for attending today's tech target reports third quarter 2024 conference call and webcast my name is tamia and I will be your moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. If you would like to ask a question, please press star one on your telephone keypad I would now like to pass the conference over to your host Charlie running general counsel, you may proceed.
Thank you to me and good afternoon everyone. The speakers joining us here today are Greg Straykosch, our executive chairman, Mike Katoya, our chief executive officer, and Dan Norick, our chief financial officer. Before turning the call over to Greg, we would like to remind everyone on the call of our earnings release process. As previously announced, in order to provide you with an update on our business in advance of the call, we have posted our shareholder letter on the investor relations section of our website and furnished it on an 8K. You can also find these materials with the SEC free of charge at the SEC's website, www.sec.gov. The corresponding webcast as well as a replay of this conference call will be made available on the investor relations section of our website. Following Greg's introductory remarks, the management team will be available to answer questions. Any statements made today by TechTarget that are not factual, including during the Q&A, may be considered forward-looking statements. These forward-looking statements, which are subject to risks and uncertainties, are based on assumptions and are not guarantees of our future performance. Action results may differ materially from our forecast and from these forward-looking statements. Board looking statements involve a number of risks and uncertainties, including those discussed in the risk factors section of our most recent periodic reports on Forms 10-Q and 10-K. These statements speak only as of the date of this call, and TechTarget undertakes no obligation to revise or update any forward looking statements in order to reflect events that may arise after this conference call, except as required by law. Finally, we may also refer to certain financial measures not prepared in accordance with GAAP. The reconciliation of certain of these non-GAAP financial measures to the most comparable GAAP measures To the extent available without unreasonable effort, companies are a shareholder letter. With that, I'll turn the call over to Greg.
Great. Thank you, Charlie. We are encouraged to report modest year-over-year revenue growth for the second quarter in a row. We think it is clear that the worst of the downturn is behind us. We expect to continue to see similar revenue growth in Q4 and into the early part of 2025. We have several reasons to be optimistic, including a better interest rate environment, The certainty that comes with the election behind us and the expectation that there will be a new technology investment cycle around AI. We use our strong balance sheet to invest during the downturn to strengthen our leadership position. This strength will be increased with the proposed combination with Informa Tech's digital business. We expect this deal to close this quarter. I will now open the call to questions.
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