Loading...
•
Dec 31, 2024
Olo Q4 2024 Earnings Report
Olo reported strong financial performance in Q4 2024, with significant revenue growth and improved profitability.
Key Takeaways
Olo Inc. announced strong financial results for the fourth quarter and full year ended December 31, 2024. The company reported a 21% year-over-year increase in total revenue to $76.1 million and a significant reduction in operating loss. Key highlights include growth in gross merchandise volume and gross payment volume, along with strategic partnerships and product enhancements.
Total revenue increased 21% year-over-year to $76.1 million in Q4 2024.
Operating loss significantly improved, decreasing from $20.5 million in Q4 2023 to $4.4 million in Q4 2024.
Non-GAAP operating income increased to $11.5 million, up from $6.8 million in the prior year.
Gross merchandise volume (GMV) reached approximately $29 billion and gross payment volume (GPV) reached approximately $2.8 billion for the full year 2024.
Revenue by Segment
Forward Guidance
Olo expects continued revenue growth and improved non-GAAP operating income for Q1 2025 and the full year 2025, driven by new product offerings and strategic partnerships.
Positive Outlook
- Q1 2025 revenue expected to be between $77.2 million and $77.7 million.
- Q1 2025 non-GAAP operating income expected to be between $8.7 million and $9.0 million.
- Full year 2025 revenue expected to be between $333.0 million and $336.0 million.
- Full year 2025 non-GAAP operating income expected to be between $45.5 million and $47.0 million.
- Partnership with FreedomPay to integrate Olo Pay card-present functionality, expanding market penetration.
Challenges Ahead
- Outlook is based on assumptions and subject to risks, including macroeconomic conditions and market uncertainty.
- Ability to acquire and retain customers, and adoption of additional modules, may vary.
- Competition from existing and new market entrants could impact results.
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
Loading earnings performance data...
Loading earnings reaction data...