Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Olo, Inc. (OLO)
:OLO
Holding OLO?
Track your performance easily
Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.07Last Year’s EPS
0.05Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Aug 10, 2021
|% Change Since: 36.03%
|Next Earnings Date:May 11, 2021
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in revenue, location expansion, and the promising outlook for Olo Pay. However, challenges such as flat sequential ARPU, workforce reduction, and leadership changes indicate areas needing attention. The company is focusing on innovation and partnerships to drive future growth.Company Guidance
During the Olo Q3 2024 earnings call, the company's executives provided updated guidance reflecting strong financial performance and strategic progress. They reported a total revenue of $71.9 million for the quarter, a 24% increase year-over-year, with platform revenue mirroring this growth. Olo Pay was highlighted as a key driver, contributing to a 15% year-over-year increase in average revenue per user (ARPU), which stood at $850. The company achieved a net revenue retention rate above 120% for the fourth consecutive quarter and exceeded their full-year location growth target, adding 3,000 net new locations in Q3 to reach approximately 85,000 active locations. For the full fiscal year 2024, Olo raised its revenue guidance to a range of $281.4 million to $281.9 million and non-GAAP operating income to a range of $30.2 million to $30.5 million. The executives also discussed the anticipated launch of multiple Olo Pay card-present pilots and a strategic focus on enhancing guest personalization and expanding the open platform ecosystem.Record Revenue Growth
Q3 total revenue was $71.9 million, a 24% increase year-over-year.
Strong Location Expansion
Olo added approximately 5,000 net new locations year-to-date, reaching the target one quarter ahead of schedule, and now expects to add approximately 6,000 net new locations for the year.
ARPU and Net Revenue Retention
ARPU for Q3 was $850, a 15% increase year-over-year, with net revenue retention above 120% for the fourth consecutive quarter.
Olo Pay Expansion
Olo Pay is projected to reach $2.5 billion in processing volume this year, with new card-present pilots expected to launch in Q4 with Qu POS and NCR Voyix.
Partnership and Product Innovation
Olo announced a deeper partnership with ezCater and over a dozen product enhancements, scaling Borderless to more than 10 million accounts.
Operating Income Growth
Q3 operating income was $8.2 million, up from $5.7 million a year ago, reflecting expense discipline and revenue outperformance.
---
OLO 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
---
OLO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $5.69 | $5.74 | +0.88% |
| Jul 31, 2024 | $4.78 | $5.40 | +12.97% |
| May 07, 2024 | $4.69 | $4.70 | +0.21% |
| Feb 21, 2024 | $5.78 | $5.92 | +2.42% |
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.
---
FAQ
When does Olo, Inc. (OLO) report earnings?
Olo, Inc. (OLO) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Olo, Inc. (OLO) earnings time?
Olo, Inc. (OLO) earnings time is at Feb 19, 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 OLO EPS forecast?
OLO EPS forecast for the fiscal quarter 2024 (Q4) is 0.07.
---