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Sep 30, 2022
Olo Q3 2022 Earnings Report
Reported a 26% increase in total revenue year-over-year, driven by increased module adoption, transaction volume, and new locations.
Key Takeaways
Olo Inc. announced its Q3 2022 financial results, with total revenue reaching $47.3 million, a 26% increase year-over-year. The company's growth was fueled by increased module adoption, transaction volume, and new location growth. Olo is providing Q4 and full year 2022 revenue and non-GAAP operating income guidance.
Total revenue increased 26% year-over-year to $47.3 million.
Platform revenue increased 28% year-over-year to $46.4 million.
Gross profit increased 9% year-over-year to $32.0 million, representing 68% of total revenue.
Average revenue per unit (ARPU) increased 15% year-over-year to approximately $558.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2022, Olo expects to report revenue in the range of $48.2 million to $48.7 million and Non-GAAP operating income in the range of $2.6 million to $3.0 million. For the fiscal year 2022, Olo expects to report revenue in the range of $183.8 million to $184.3 million and Non-GAAP operating income in the range of $9.3 million to $9.7 million.
Positive Outlook
- Revenue in the range of $48.2 million to $48.7 million for Q4 2022.
- Non-GAAP operating income in the range of $2.6 million to $3.0 million for Q4 2022.
- Revenue in the range of $183.8 million to $184.3 million for fiscal year 2022.
- Non-GAAP operating income in the range of $9.3 million to $9.7 million for fiscal year 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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