NYSE$OLO
Olo Inc. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported a 26% increase in total revenue year-over-year, driven by increased module adoption, transaction volume, and new locations.
Olo Inc. announced its Q3 2022 financial results, with total revenue reaching $47.3 million, a 26% increase year-over-year. The company's growth was fueled by increased module adoption, transaction volume, and new location growth. Olo is providing Q4 and full year 2022 revenue and non-GAAP operating income guidance.
- Total revenue increased 26% year-over-year to $47.3 million.
- Platform revenue increased 28% year-over-year to $46.4 million.
- Gross profit increased 9% year-over-year to $32.0 million, representing 68% of total revenue.
- Average revenue per unit (ARPU) increased 15% year-over-year to approximately $558.
Headline financials
Revenue & EPS history
Olo · Revenue · Quarterly
$47.3M
Revenue by segment
Olo · $46.4M total across 1 segment · Q3 2022
- Platform Revenue$46.4M+28.5%100.0%
Forward guidance
For the fourth quarter of 2022, Olo expects to report revenue in the range of $48.2 million to $48.7 million and Non-GAAP operating income in the range of $2.6 million to $3.0 million. For the fiscal year 2022, Olo expects to report revenue in the range of $183.8 million to $184.3 million and Non-GAAP operating income in the range of $9.3 million to $9.7 million.
Tailwinds
- Revenue in the range of $48.2 million to $48.7 million for Q4 2022.
- Non-GAAP operating income in the range of $2.6 million to $3.0 million for Q4 2022.
- Revenue in the range of $183.8 million to $184.3 million for fiscal year 2022.
- Non-GAAP operating income in the range of $9.3 million to $9.7 million for fiscal year 2022.
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 Q3 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% | — | — |
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