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Sep 30, 2023
Olo Q3 2023 Earnings Report
Olo's financial performance was solid, marked by revenue growth, strategic expansions, and product innovation.
Key Takeaways
Olo Inc. reported a 22% year-over-year increase in total revenue, reaching $57.8 million. The company continued to expand relationships with enterprise clients and saw strong adoption of multi-module solutions within the emerging enterprise segment. Olo is issuing revenue guidance in the range of $58.5 million to $59.0 million and non-GAAP operating income in the range of $6.2 million to $6.6 million for the fourth quarter of 2023.
Total revenue increased 22% year-over-year to $57.8 million.
Total platform revenue increased 24% year-over-year to $57.3 million.
Average revenue per unit (ARPU) increased 33% year-over-year to approximately $742.
Dollar-based net revenue retention (NRR) was approximately 119%.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2023, Olo expects revenue in the range of $58.5 million to $59.0 million and non-GAAP operating income in the range of $6.2 million to $6.6 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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