Loading...
•
Jun 30, 2022
Cricut Q2 2022 Earnings Report
Cricut's Q2 2022 performance reflected the current macroeconomic environment and elevated channel inventory, but the company maintained profitability and saw growth in subscriptions and users.
Key Takeaways
Cricut reported a decrease in revenue for Q2 2022 compared to the previous year, impacted by macroeconomic conditions and elevated channel inventory. However, the company remained profitable, driven by growth in subscriptions and an increase in total users. The Board of Directors authorized a $50 million share repurchase program.
Total users grew to nearly 7.2 million, up 34% over Q2 2021.
Paid subscribers increased to nearly 2.4 million, up 34% over end of Q2 2021.
Revenue was $183.8 million, a 45% decrease compared to Q2 2021.
Net income was $13.8 million, a 71.9% decrease over Q2 2021.
Revenue by Segment
Forward Guidance
Cricut did not provide specific financial guidance in its Q2 2022 earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...