NYSE$OLO
Olo Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Olo's revenue increased, driven by ARPU expansion and module adoption.
Olo Inc. reported a 21% year-over-year increase in total revenue, reaching $55.3 million. The company's ARPU grew by 32% year-over-year to $716, with net revenue retention at approximately 115%. The platform supported approximately 77,000 active locations.
- Total revenue increased 21% year-over-year to $55.3 million.
- Gross profit increased 11% year-over-year to $34.5 million, representing 62% of total revenue.
- Non-GAAP operating income was $4.5 million, or 8% of total revenue, compared to $2.0 million a year ago.
- ARPU increased 32% year-over-year to approximately $716.
Headline financials
Revenue & EPS history
Olo · Revenue · Quarterly
$55.3M
Revenue by segment
Olo · $57.3M total across 1 segment · Q3 2023
- Platform Revenue$57.3M+23.5%100.0%
Forward guidance
Olo is issuing the following outlook for the third quarter and fiscal year of 2023: For the third quarter of 2023, Olo expects to report revenue in the range of $56.0 million to $56.5 million; and Non-GAAP operating income in the range of $5.1 million to $5.5 million. For the fiscal year 2023, Olo expects to report revenue in the range of $220.0 million to $221.0 million; and Non-GAAP operating income in the range of $17.0 million to $17.8 million.
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 2023
-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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