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Sep 30, 2021
Olo Q3 2021 Earnings Report
Olo's revenue and profitability momentum continued with strong revenue growth.
Key Takeaways
Olo Inc. reported a 36% year-over-year increase in total revenue, reaching $37.4 million for the third quarter ended September 30, 2021. The company's platform revenue grew by 38% year-over-year to $36.1 million. Olo's Non-GAAP net income was $5.0 million, or $0.03 per share.
Total revenue increased 36% year-over-year to $37.4 million.
Platform revenue increased 38% year-over-year to $36.1 million.
Gross profit increased 29% year-over-year to $29.2 million, or 78% of total revenue.
Ending active locations increased 26% year-over-year to approximately 76,000.
Revenue by Segment
Forward Guidance
Olo is issuing the following outlook for the fourth quarter of 2021 and fiscal year 2021:
Positive Outlook
- Revenue in the range of $38.8 million to $39.3 million for Q4 2021.
- Non-GAAP operating income in the range of $2.8 million to $3.2 million for Q4 2021.
- Revenue in the range of $148.2 million to $148.7 million for fiscal year 2021.
- Non-GAAP operating income in the range of $19.8 million to $20.2 million for fiscal year 2021.
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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