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Arlo Technologies Inc (ARLO)
NYSE:ARLO
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.11Last Year’s EPS
$0.11Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 5.67%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong growth in service revenue and subscriber base, with successful strategic partnerships and improved profitability. However, challenges in product revenue due to declining ASPs and market conditions were noted.Company Guidance
During the Q3 2024 earnings call for Arlo Technologies, the company provided detailed guidance for the upcoming fourth quarter. Arlo expects total revenue for Q4 to range between $116 million and $126 million, noting a shift towards a services-first business model, with service revenue anticipated to surpass the full-year guidance of $240 million. This transition is supported by a strong growth trajectory in paid subscribers, which increased by 255,000 in Q3 to reach 4.2 million, and an upward trend in ARPU, now at $12.24. The launch of Arlo Secure 5, which has seen more than 40% of new users opting for premium plans, is expected to drive further service revenue growth. Despite anticipated declines in product gross margins due to promotional activities, service margins are projected to remain robust, contributing to overall higher non-GAAP gross margins in Q4. The company also highlighted continued strategic partnerships and a $50 million share buyback program as part of its capital allocation plan.Record Service Revenue and Subscriber Growth
Service revenue grew 21% year-over-year to a record $62 million, with paid subscribers increasing by 255,000 to 4.2 million, a 70% year-over-year increase.
Launch of Arlo Secure 5
Arlo Secure 5 launch showed impressive early results with over 40% of new subscribers choosing premium plans, doubling the historical rate, and accelerating ARPU to over $14.
Strong International Revenue Growth
International revenue was $66 million, up from $50 million in the previous period, driven by strong performance in the EMEA region, particularly through the Verisure partnership.
Improved Profitability and Cash Flow
Non-GAAP operating income increased 28% year-over-year, with free cash flow up 150% to $17.4 million, demonstrating strong business model resilience.
Strategic Partnerships Expansion
Phase 2 of the Allstate partnership was announced, expanding Arlo's reach to Allstate's 6 million home insurance customers in the U.S.
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ARLO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARLO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $12.16 | $11.92 | -1.97% |
| Aug 08, 2024 | $13.50 | $11.40 | -15.56% |
| May 09, 2024 | $13.93 | $11.44 | -17.88% |
| Feb 29, 2024 | $10.41 | $11.83 | +13.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Arlo Technologies Inc (ARLO) report earnings?
Arlo Technologies Inc (ARLO) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Arlo Technologies Inc (ARLO) earnings time?
Arlo Technologies Inc (ARLO) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARLO EPS forecast?
ARLO EPS forecast for the fiscal quarter 2024 (Q4) is $0.11.
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