NYSE$OLO
Olo Inc. · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Announced second quarter 2022 financial results with revenue growth driven by new brands, increased module adoption, and higher transaction volume.
Olo Inc. reported a 27% year-over-year increase in total revenue, reaching $45.6 million in Q2 2022. The company saw growth in new brands, increased module adoption, and increased transaction volume.
- Total revenue increased 27% year-over-year to $45.6 million.
- Platform revenue increased 29% year-over-year to $44.5 million.
- Gross profit increased 10% year-over-year to $31.4 million, representing 69% of total revenue.
- Non-GAAP operating income was $2.0 million.
Headline financials
Revenue & EPS history
Olo · Revenue · Quarterly
$45.6M
Revenue by segment
Olo · $45.6M total across 2 segments · Q2 2022
- Platform Revenue$44.5M—97.7%
- Professional Services and Other$1.06M—2.3%
Forward guidance
Olo is issuing the following outlook for the third quarter of 2022 and fiscal year 2022:
Tailwinds
- Revenue in the range of $46.5 million to $47.0 million for Q3 2022.
- Non-GAAP operating income in the range of $1.8 million to $2.2 million for Q3 2022.
- Revenue in the range of $183.0 million to $184.0 million for the fiscal year 2022.
- Non-GAAP operating income in the range of $7.6 million to $8.4 million for the fiscal year 2022.
Headwinds
- Fluctuations in Olo’s operating results may be particularly pronounced in the current macroeconomic environment.
- Macroeconomic environment has been characterized by rising inflation and interest rates.
- Lower consumer confidence and uncertainty caused by the ongoing COVID-19 pandemic.
- Volatility in part due to the war in Ukraine, and the risk of a global recession.
- Olo’s business and financial results could be materially adversely affected in the future if off-premise dining declines.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 12 quarterly earnings reports · overlaid with Q2 2022
-2.9%
Avg return
Earnings day
+1.0%
Avg return
5 days after
-2.1%
Avg return
30 days after
52%
11 / 21 earnings
Positive
+11.6%
Q2 2024
Best reaction
-37.6%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2025 | — | — | — | |
| Q2 2025 | +0.7% | -1.1% | -0.6% | |
| Q1 2025 | +6.5% | +16.5% | +9.9% | |
| Q4 2024 | +4.3% | +0.3% | -3.0% | |
| Q3 2024 | +3.2% | +24.3% | +35.6% | |
| Q2 2024 | +11.6% | +3.5% | +8.1% | |
| Q1 2024 | -3.5% | -2.1% | -7.0% | |
| Q4 2023 | +0.9% | +2.2% | -11.6% | |
| Q3 2023 | -24.5% | -18.2% | +0.3% | |
| Q2 2023 | -2.4% | -6.1% | -18.2% | |
| Q1 2023 | +9.1% | +4.4% | +4.1% | |
| Q4 2022 | +6.3% | +2.0% | -6.2% | |
| Q3 2022 | +6.9% | +3.1% | -15.9% | |
| Q2 2022 | -37.6% | -38.5% | -37.0% | |
| Q1 2022 | +2.2% | +24.3% | +11.9% | |
| Q4 2019 | +5.0% | — | — | |
| Q4 2021 | -7.2% | — | — | |
| Q3 2021 | -2.1% | — | — | |
| Q2 2020 | -5.6% | — | — | |
| Q2 2021 | -5.6% | — | — | |
| Q1 2020 | -18.2% | — | — | |
| Q1 2021 | -9.9% | — | — |
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