Olo Inc. (NYSE: OLO), a leading restaurant technology provider, saw its stock soar by 15.81% in after-hours trading on Tuesday, following the company's impressive fourth quarter and full-year 2024 financial results, coupled with an optimistic outlook for 2025.

In its earnings release, Olo reported robust revenue growth for the fourth quarter, with total revenue increasing 21% year-over-year to $76.1 million, driven by a 21% increase in platform revenue to $75.2 million. The company's gross profit also grew by 11% to $40.3 million, representing a gross margin of 53%.

For the full year 2024, Olo generated total revenue of $284.9 million, up from $228.3 million in the previous year, marking a strong 25% year-over-year increase. The company's non-GAAP operating income for the year stood at $45.5 million to $47.0 million, showcasing its operational efficiency and profitability.

Notably, Olo's founder and CEO, Noah Glass, highlighted the company's successful expansion into new product lines and partnerships, stating, "We are confident in executing further in 2025, including helping more brands drive profitable traffic through the Olo Guest Data Flywheel, and beginning to penetrate the more than $100 billion in card-present gross payment volume within our existing base through our new Olo Pay partnership with FreedomPay."

Looking ahead, Olo provided an optimistic outlook for 2025, projecting revenue in the range of $333.0 million to $336.0 million, representing a healthy year-over-year growth rate of approximately 17% to 18%. This positive guidance, coupled with the company's strong financial performance in 2024, likely fueled investor confidence and drove the significant after-hours stock price surge.