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Jun 30, 2024
Olo Q2 2024 Earnings Report
Olo's Q2 2024 financial performance was strong, with revenue and non-GAAP operating income exceeding guidance, new enterprise brands added, and POS integration partnerships expanded.
Key Takeaways
Olo Inc. reported a 28% year-over-year increase in total revenue, reaching $70.5 million. The company's non-GAAP operating income also exceeded the high end of guidance. They expanded partnerships and added new enterprise and emerging enterprise brands.
Total revenue increased 28% year-over-year to $70.5 million.
Non-GAAP operating income was $7.6 million, representing 11% of total revenue.
Net income was $5.7 million, or $0.03 per share, compared to a net loss of $17.1 million, or $0.11 per share a year ago.
Average revenue per unit (ARPU) increased 19% year-over-year to approximately $852.
Revenue by Segment
Forward Guidance
Olo provided revenue and non-GAAP operating income guidance for Q3 2024 and fiscal year 2024.
Positive Outlook
- Revenue in the range of $70.8 million to $71.3 million for the third quarter of 2024.
- Non-GAAP operating income in the range of $6.0 million to $6.4 million for the third quarter of 2024.
- Revenue in the range of $279.5 million to $280.5 million for fiscal year 2024.
- Non-GAAP operating income in the range of $25.6 million to $26.4 million for fiscal year 2024.
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
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