NYSE$OLO
Olo Inc. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Olo's financial performance was solid, marked by revenue growth, strategic expansions, and product innovation.
Olo Inc. reported a 22% year-over-year increase in total revenue, reaching $57.8 million. The company continued to expand relationships with enterprise clients and saw strong adoption of multi-module solutions within the emerging enterprise segment. Olo is issuing revenue guidance in the range of $58.5 million to $59.0 million and non-GAAP operating income in the range of $6.2 million to $6.6 million for the fourth quarter of 2023.
- Total revenue increased 22% year-over-year to $57.8 million.
- Total platform revenue increased 24% year-over-year to $57.3 million.
- Average revenue per unit (ARPU) increased 33% year-over-year to approximately $742.
- Dollar-based net revenue retention (NRR) was approximately 119%.
Headline financials
Revenue & EPS history
Olo · Revenue · Quarterly
$57.8M
Revenue by segment
Olo · $57.3M total across 1 segment · Q3 2023
- Platform Revenue$57.3M+23.5%100.0%
Forward guidance
For the fourth quarter of 2023, Olo expects revenue in the range of $58.5 million to $59.0 million and non-GAAP operating income in the range of $6.2 million to $6.6 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 Q3 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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