Olo Q4 Revenue Up 21%, Beats Estimates

Exec Edge

02-26

By Karen Roman

Restaurant technology provider Olo Inc. (NYSE: OLO) said fourth-quarter revenue increased 21% to $76.1 million year-over-year, beating analysts’ estimates.

Gross profit grew 11% to reach $40.3 million, while non-GAAP net income was $11.3 million, or $0.06 per share, compared to $8.5 million, or $0.05 per share the year prior, it said.

The company also highlighted its partnership with FreedomPay to penetrate the $100+ billion in card-present gross payment volume within its existing base.

Olo said it projects FY 2025 revenue to be in the range of $333 million to $336 million and non-GAAP operating income to be between $45.5 million to $47.0 million.

“Team Olo put together a fantastic 2024 that included strong financial performance, new and expansion deployments with marquee restaurant brands, and platform reliability and innovation that powered $29 billion in gross merchandise volume and $2.8 billion in gross payment volume for the year,” said Noah Glass, Olo’s founder and CEO.

Contact:

Executives-Edge.com

Editor@executives-edge.com

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(NYSE: OLO) said fourth-quarter revenue increased 21% to $76.1 million year-over-year, beating analysts’ estimates.\nGross profit grew 11% to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/olo-q4-revenue-21-beats-222844419.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/olo-q4-revenue-21-beats-222844419.html","article_id":"2514104072","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514104072","pubTimestamp":1740522524,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Restaurant technology provider Olo Inc.  said fourth-quarter revenue increased 21% to $76.1 million year-over-year, beating analysts’ estimates.Gross profit grew 11% to reach $40.3 million, while non-GAAP net income was $11.3 million, or $0.06 per share, compared to $8.5 million, or $0.05 per share the year prior, it said.The company also highlighted its partnership with FreedomPay to penetrate the $100+ billion in card-present gross payment volume within its existing base.Olo said it projects FY 2025 revenue to be in the range of $333 million to $336 million and non-GAAP operating income to be between $45.5 million to $47.0 million.“Team Olo put together a fantastic 2024 that included strong financial performance, new and expansion deployments with marquee restaurant brands, and platform reliability and innovation that powered $29 billion in gross merchandise volume and $2.8 billion in gross payment volume for the year,” said Noah Glass, Olo’s founder and CEO.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Olo第四季度收入增长21%，超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OLO":0.9},"content_text":"By Karen Roman\nRestaurant technology provider Olo Inc. (NYSE: OLO) said fourth-quarter revenue increased 21% to $76.1 million year-over-year, beating analysts’ estimates.\nGross profit grew 11% to reach $40.3 million, while non-GAAP net income was $11.3 million, or $0.06 per share, compared to $8.5 million, or $0.05 per share the year prior, it said.\nThe company also highlighted its partnership with FreedomPay to penetrate the $100+ billion in card-present gross payment volume within its existing base.\nOlo said it projects FY 2025 revenue to be in the range of $333 million to $336 million and non-GAAP operating income to be between $45.5 million to $47.0 million.\n“Team Olo put together a fantastic 2024 that included strong financial performance, new and expansion deployments with marquee restaurant brands, and platform reliability and innovation that powered $29 billion in gross merchandise volume and $2.8 billion in gross payment volume for the year,” said Noah Glass, Olo’s founder and CEO.\nContact:\nExecutives-Edge.com\nEditor@executives-edge.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}