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Oct 02, 2022
Arlo Q3 2022 Earnings Report
Arlo's Q3 2022 results were reported, showcasing revenue growth and service-first strategy gains.
Key Takeaways
Arlo Technologies reported a 15.3% year-over-year increase in revenue, reaching $128.2 million for Q3 2022. The company's service-first strategy showed gains, with paid accounts growing 91% year-over-year and annual recurring revenue reaching $125.4 million.
Total revenue reached $128.2 million, a 15.3% increase year-over-year.
Service revenue hit a record $35.4 million, growing 31.3% year-over-year.
ARR ended the quarter at $125.4 million, a 56.0% increase year-over-year.
The company added 195,000 paid accounts in Q3, a 7.1% year-over-year increase.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Arlo provided its business outlook for the fourth quarter of 2022, with revenue expected to be between $105 million and $115 million and a GAAP net loss per diluted share between $(0.30) and $(0.23).
Historical Earnings Impact
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Avg. Return Before/After Earnings
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