pleased thanks I'm today's the April started I'm and for our beating year QX excited our we to in results. continued that quarter QX Thanks, say call. joining strong momentum guidance XXXX with and We strong share a QX. to everyone
revenue Our above $X.X representing was which for year-over-year. XX% million growth million guidance the of end the revenue $XXX our quarter was high
where quickly driven was events interest in events continues. returning healthier by more virtual while growth in-person industry strong events dynamic Our are and a
exceed adjusted to our guidance million the guidance $X.X high by EBITDA us adjusted Additionally, enabled and end XXX better-than-expected over cost containment points. by of basis margin EBITDA
a basis margin our compared when QX XXX EBITDA We normalized points XXXX of also adjusted increased to sequentially on by basis.
we quarter. adjusted addition, in in In $XX.X the generated flow cash free million
XXX% grow On last within upsells. our through rates our land share cross up increased quarter. from to to and that of dollar retain base sells wallet existing new retention note, XXX% net our continue We logos, and customers
those new our strong and total especially point really platform offer looking format, and performance We're person, when formats QX unlike across solutions about support in set addresses is notable competition. apart and and business integrated one to the all facing. the have against bottom-line. our event this and virtual excited three, helps their compared our from event which platform events challenges new In hybrid. competitors delivering increasingly for Organizations both ecosystem, just our been it's So the us complex all on for event more the And program top-line one three are that
Now And and offers organize for organizers to all unique marketplace call our those sizes Organizations Cloud that overview. a across a of total Event enables Cloud and our and event new brief engaging to comprised of Event find venues. platform Cvent book here's space Cloud at story you a our is and who Hospitality events are we program. hotels market SaaS their what meeting our is Hospitality that event plan products solutions. to of use
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we're dive Now I discuss seeing. before trends QX by more cloud, our to deeply some performance I'd like into
bedrock First, so events the event face-to-face the why human which that and see to quickly. in-person beats events of it's in-person Nothing clear return increasingly are starting connection is become interaction, industry. we're
event reflected our during volume sourcing when has which The important been than approach planners the marketplace beginning billion hotels data global at the source this platform. space volume for where steadily venues. RFP through the was Cvent RFP more year. our from our in of can our $XX actually XXXX levels. sourced record XXX,XXX data year is find XXXX more in quarter, a in because and increasing was is Now Network, few shows destinations their and it saw Cvent meeting This we the Supplier weeks than since a And is special
as seeing build to we're that format of their greater advantage they are event and looking program engagement takes event flexibility, organizations optimize a of for mix that is an maximize trend, other budgets. The
example. you give me Let an
people hybrid X,XXX-person in-person and million the cost And later, We XX,XXX event Then $X X,XXX about virtual. people $XX over cost where were where event about $X hybrid $XXX,XXX. about costs event about A X,XXX it event a XX,XXX about they in-person virtually that and they attend have had they a same million. had hosted year where a million. total they the customer hosted was that or hard did event
Now from you for for virtual that the in $XX $XXX,XXX go all in can perspective, million this person or all between. example about or somewhere shows go CMO
which two elasticity This didn't organizations our extremely goals customers just digital the transformation And to invest will also, that to up want a the choose to opportunity spend. is like growth control no just of can to need robust now event believe to have for event pre-pandemic business as forward. spend continue when This want they the CMOs disproportionate powerful a it's we events, a powerful to that, matter, deliver from increasingly years continue overall budget spend last and technology CFOs budgets. technology and in the their and why while option With events make share flexibility platform Cvent, important that event that moving is their elasticity, kind because exist of format Cvent. match host
with Now the back return need event in-person the to events in manage platform as one historical long-time combined in the for leader the short, a strengths space. plays to of total Cvent's program
more of dive into our clouds. Now, performance I'll two the deeply
customers decades hybrid, another because for and Event and for third their complexity the negatively it experience. point implemented to disparate their of and approach Cloud for no believe manage solutions cost let's programs, competitive impacts experience. in-person a longer our the virtual, the We this First, product through want we've events. and adds development and to discuss advantages One attendee event
it's So whether that they're turning person in to they attend hybrid. program, total or Cvent's manage the all event host their or events platform to which is virtual
we because For selected example seen truly a a platform. leading in national QX, Cvent, unified media were business as company
media an brands our universities and from global TCV While about account in robust the to build a Cvent the event liked are an now to this program. $XXX,XXX than most new XX under event other of to of more logo contract one their And about From Xx account. more total value much with or person of their contract that, most perspective and their flexibility they grew pivot a continued $XXX,XXX. wanted They're starting events Australia so to for as virtual annual product offers ACV renowned opportunity ACV more value in a investment account $XXX,XXX growth. they ACV, out the with or they $XXX,XXX the
signed the Cvent to for they a as agreement to million of management In event five-year decided addition, $X.X systems TCV multiple platform. a move they from having
virtual example Another event. that hybrid for a organizer the solutions large using to They're marketing our turned registration conference is event run to attending an attendees. broadcast conference and on-demand to and to engagement their for on-site solutions Cvent live Cvent
of our events which of from grow. of about on-site in this that closed with one the to ACV, to continues Now, event starting we our of Cvent plenty just in-person logo, in using is One is area particular weeks three solutions. return room new for $XXX,XXX nearly for with benefit platform just
professional A QX their me Let that their XX% by give global almost total had a in network spend increased examples. $XXX,XXX to ACV a ACV annual just one bringing million. and you couple over of association
opportunities $X ACV thought $XXX,XXX is we event. traded platform organizations to like how The Both is our enables make has company XXX almost almost around the of saw is, our extending more million. publicly outside organizations of even of is grew engagement impact our a financial that Fortune something to performance analytics the quarter. across our these many over of a had example final to event the I'd Cloud and our point, solutions, that Another that further – in-person dates, of increase customers TCV $XXX,XXX now ACV, Event XX% we repeatedly and how overall
Hub, as which with during the is digitally takes being to now place. For look primarily was after solution to use and for virtual example, used in-person events initially hybrid Attendee Cvent before leveraged attendees our and also engage for event organizers an events,
deep may or attendees to explain. their engage room, areas their at and opportunity a online in these with let's very on. miss we're networking platform me colleagues. year-round from demand it We touch points of didn't our offer Even an event. with morning the before. X,XXX-person to sessions growth here team. want the support exist to believe of can on attendee Maybe for date, early early an other later investing – early Vegas they of insights want by still if flies event, in attendee they prior that keynote We're the session hotel our watch with engagement conference, other say across still tech for they a stream this This act stages online in-person Let a opportunity. Each private organizations share heavily to of digitally just
my key Event things the Cloud, driving wrap-up, So growth. our comments on are to there four
that opportunities Organizations First, triple than just threat And to virtual virtual. opportunity thought This months call events back now just in-person more people more engage most in-person about triple and hybrid events, than ago, is real. through and which landscape. this threat. vastly before is have events dynamic used we XX presents, more ever that are the when
important ever their greater Second, efficiency the need and our is changing complexity environment, program event organizations because more in to this platform of ROI. flexibility manage maximize than and total
have for. looking all-in-one solution are the We organizations
our serve to perfectly been continue And finally, events a for our years. where XX in-person market positioned as gain than Third, we've this momentum, platform more to is leader scale.
marketing sales thousands We a customer service global and developers engine, have strong and and professionals brand. a of global
We advantage of have billion resources take processes the TAM. and our to streamlined the $XX
hospitality where Now heavily our renewed demonstrating the it impacted. coming the when growth. pandemic are grew was we year-over-year Today, strength Cloud, let's XX% there of pivot things Hospitality out to driving several almost
lifeblood the the the events First, to return Hospitality in-person of Cloud.
more hoteliers digital increases face to to know technology. done. the buyers on get savvy they more pandemic-driven Cvent need embrace work their turned reliance third, ever tech shortages, And technology efficiently than has job hotels now staffing who and teams as Second, which smarter transformation into
these me Let in about talk a depth. more bit
hoteliers As the in-person in efforts before return, front get to want their of increase and events to planners marketing venues competition.
market given and for travel, want that and lock operational leisure in impact fluctuations patterns group to In long-term short- stability. both travel the bookings addition, hotels
All of this is and solutions. marketing our driving sales demand for
eases. business group And deal of signed our to management ACV just And had help ACV marketing for meet one this business signed to property company leverage transient national a one-year they an a $XXX,XXX goals example, them Hotel solutions large past an and millions tens are Dallas quarter, group we XXX,XXX. to XXXX. their dollars For their additional plan are target upsell for newly that of and to hotels meetings to $XXX,XXX as renovated property. hotels there even to newly pandemic more many business on of renovated spending out renovations continue There the attract
engagement seeing from In addition, and we're destination convention bureaus. management and organizations record visitor
city. city Just cities about and have organizations bring most every to major their and meetings, consumers tourists to these small-to-midsize
support to had our advertising DMOs we large example, several sizes purchase by marketing of -- increase of efforts, solutions dollars. tens their marketing thousands us For helping city group deal
staffing Hospitality nearly the to sourcing, and gaps our to Cloud process processes diagramming continued Technology reduce aspect driver help group is to place, of managing shortages. every and mentioned meetings I meeting manual group earlier the Another can blocks, automate leads. hotel these Cvent as fill growth, hoteliers of across responding from to room
on Some floor XD another three-year of ACV And nationally for hotel this pause and Vegas across highlights sales what a a chain hotels. plan ACV bid competition taking solution compare to global a to This fact business of number a interactive hotel had contract target $XXX,XXX. just a taking of nearly contract just TCV for how for operator technologies recognized ACV worth their $XXX,XXX It's market are of now XXX Las Cvent's $XXX,XXX an become leading diagramming their how is team hotels. their invested total on diagramming us to group $XXX,XXX Cvent the signed to and Cvent spending their venues focused another on, prioritize their signed event a across use examples really see one hotel meeting help bids software annually for A to to and XD RFPs focusing special to intelligence $XXX,XXX our of critical venues. that $XXX,XXX, one large products.
favor. software remiss growing hotels you discussing examples impact automate the on driven macroeconomic current if I'd have but as of marketing summary, streamline the industry events, momentum our can without their meetings position continuing just we from effectively interest by packages So In group possible wrapped our get our business But call and dynamics the also competitive I and our across manage have in could strong our today our not buy, to business. work uncertainty be more in up to changing front that the in business. in-person that in see the to above, are
after Now macroeconomic their despite and see way they our so And organizations invest in brand deprived effective in-person recognize total conditions, than ever engagement, of being offer continue generate to more relationships we that heavily build a to the highly program. leads, for maximize customers loyalty. events long, event deepen
have So which optimizes going programs the economic even of we aren't to go downturn, run event believe organizations with flexibility a the potential with to budget. events because mix formats anywhere now their
event flexibility a provides our regardless to been platform that programs need triple approach capitalize robust in-person way. the In power with the bolstered Our they that our to Cvent go-to-market to built we now total customers event and enable the and is positioned the landscape threat well return business comes of has by short, on events. what
is. to we matter which successfully Our each led ability from and the organization environment our the us and distance adapt, grow to time the enabled has stronger, experienced through recessions, competition. XXXX ourselves the And team no XXXX what out confident leadership come in are
it to turn our I'll over Now Billy. CFO
