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Sep 30, 2023

Celsius Q3 2023 Earnings Report

Celsius Holdings reported record revenue growth driven by North America.

Key Takeaways

Celsius Holdings, Inc. reported record third quarter revenue of $385 million, a 104% increase compared to Q3 2022. North America revenue increased 107% to $371 million.

Record third quarter revenue of $385 million.

Revenue increased 104% from Q3 2022.

North America revenue increased 107% to $371 million.

Celsius is a pioneer in the rapidly growing energy category.

Total Revenue
$385M
Previous year: $188M
+104.4%
EPS
$0.3
Previous year: $0.22
+36.4%
Gross Profit
$194M
Previous year: $78.7M
+146.8%
Cash and Equivalents
$760M
Previous year: $592M
+28.4%
Free Cash Flow
$85M
Previous year: $128M
-33.4%
Total Assets
$1.55B
Previous year: $1.33B
+16.4%

Celsius

Celsius

Celsius Revenue by Geographic Location

Forward Guidance

The press release contains forward-looking statements regarding future results of operations or financial position.

Positive Outlook

  • Expectations of revenue
  • Expectations regarding strategy and investments
  • Expectations regarding business, including market opportunity
  • Anticipated trends in financial condition and results of operation
  • Expanding presence in the industry

Challenges Ahead

  • General economic and business conditions
  • Impact of competition and technology change
  • Existing and future regulations affecting business
  • Ability to satisfy SEC filings in a timely manner
  • Other risks and uncertainties discussed in SEC filings