NASDAQ$CRCT
Cricut Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Cricut reported strong Q2 profitability with revenue down 6% compared to Q2 2023.
Cricut reported Q2 2024 financial results with a revenue of $167.9 million, a decrease of 6% compared to Q2 2023. Despite the revenue decrease, the company achieved a net income of $19.8 million, up 23% year over year, marking the 22nd consecutive quarter of profitability. Paid subscribers increased by 3% to over 2.8 million.
- Revenue was $167.9 million, down 6% from Q2 2023.
- Net income was $19.8 million, up 23% from Q2 2023.
- Paid subscribers increased 3% year over year to over 2.8 million.
- Gross margin increased to 53.5%, up from 49.3% in Q2 2023.
Headline financials
Revenue & EPS history
Cricut · Revenue · Quarterly
$168M
Revenue by segment
Cricut · $49.5M total across 1 segment · Q3 2023
- Platform$49.5M-5.5%100.0%
Forward guidance
Cricut remains committed to its long-term operating margin targets of 15-19%.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+2.2%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+8.5%
Avg return
30 days after
52%
13 / 25 earnings
Positive
+46.9%
Q1 2024
Best reaction
-21.2%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.4% | +3.4% | -1.0% | |
| Q4 2025 | +4.6% | -5.3% | -7.4% | |
| Q3 2025 | -5.2% | -4.6% | -0.8% | |
| Q1 2025 | +20.2% | +23.3% | +26.6% | |
| Q4 2024 | +4.2% | +3.8% | -6.4% | |
| Q3 2024 | -12.6% | -9.4% | -12.4% | |
| Q2 2024 | +11.1% | +12.5% | +4.0% | |
| Q1 2024 | +46.9% | +27.3% | +21.7% | |
| Q4 2023 | -3.1% | -1.5% | +0.8% | |
| Q3 2023 | -9.2% | -10.4% | -18.5% | |
| Q2 2023 | +6.3% | +2.3% | -5.9% | |
| Q1 2023 | -9.2% | -18.3% | +39.0% | |
| Q4 2022 | +10.3% | +7.5% | +20.5% | |
| Q3 2022 | +12.3% | +16.8% | +11.3% | |
| Q2 2022 | -2.5% | -1.5% | +5.1% | |
| Q1 2022 | -15.1% | -12.2% | -33.6% | |
| Q4 2019 | -21.1% | -25.4% | -3.7% | |
| Q4 2021 | -17.1% | -23.6% | -4.3% | |
| Q3 2020 | +8.7% | +9.9% | +0.8% | |
| Q3 2021 | -21.2% | -14.3% | -20.6% | |
| Q2 2020 | -18.4% | -22.8% | +1.2% | |
| Q2 2021 | -15.5% | -19.0% | +4.5% | |
| Q1 2020 | +26.0% | +27.5% | +64.2% | |
| Q4 2020 | +26.0% | +27.5% | +64.2% | |
| Q1 2021 | +26.0% | +27.5% | +64.2% | |
| Q3 2019 | — | — | — |
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