Cvent in its first earnings call since it completed its merger with special purpose acquisition company Dragoneer Growth Opportunities Corp. II on Dec. 8, 2021, reported a 25 percent year-over-year increase in fourth-quarter revenue and a 4 percent increase in full-year revenue.
“We delivered a very successful 2021,” Cvent CEO and founder Reggie Aggarwal said Thursday during the company’s earnings call, “and we’re entering a world where in-person events are coming back. Virtual events are now mainstream, and more organizers want the best of both with hybrid events. And our platform is built to power all three of these event formats—in-person, virtual and hybrid—which we like to call the triple threat.”
Cvent’s total fourth-quarter revenue was $144.7 million, an increase of 25.3 percent from the comparable period in 2020. This included Event Cloud revenue of $102.9 million, a 31.5 percent increase from the comparable period in 2020, and Hospitality Cloud revenue of…