Cricut Inc Reports Subscriber Growth Amid Revenue Decline
Company Announcements

Cricut Inc Reports Subscriber Growth Amid Revenue Decline

Cricut Inc ( (CRCT) ) has provided an announcement.

Cricut, Inc. reported a 5% increase in paid subscribers to over 2.8 million for Q3 2024, despite a 4% decline in revenue to $167.9 million compared to the previous year. The company maintained profitability with a net income of $11.5 million and enhanced its software platform to improve user experience. Cricut also announced a cash generation of $70 million and continued stock repurchases, while committing to long-term operating margin targets of 15-19%.

For a thorough assessment of CRCT stock, go to TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskCricut, Inc. Maintains Profitability Amid Revenue Decline
TheFlyCricut reports Q3 diluted EPS 5c, consensus 5c
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App