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.
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.
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