NASDAQ$CRCT
Cricut Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Cricut's Q3 2024 performance reflected a decrease in revenue but an increase in paid subscribers.
Cricut reported a 4% decrease in revenue compared to Q3 2023, with total revenue reaching $167.9 million. Despite the revenue decline, the company increased its paid subscribers by 5% year-over-year, exceeding 2.8 million. Cricut maintained profitability for the 23rd consecutive quarter, reporting a net income of $11.5 million.
- Revenue decreased by 4% year-over-year to $167.9 million.
- Paid subscribers increased by 5% year-over-year, exceeding 2.8 million.
- Platform revenue was slightly up compared to Q3 2023.
- International revenue increased by 2% year-over-year and accounted for 23% of total revenue.
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 anticipates incremental operating margin improvement for the full year and reaffirmed its commitment to 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 Q3 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro