$TOST (+3.6%) | Toast Q3 Earnings Highlights:

🔹 Revenue: $1.31B (Est. $1.29B) 🟢; UP +26% YoY

🔹 EPS: $0.07 (Est. $0.01) 🟢

🔹 Gross Payment Volume (GPV): $41.7B; UP +24% YoY

Raised FY24 Guidance:

🔹 Non-GAAP Subscription & FinTech Gross Profit: $1.395B-$1.405B (32-33% YoY growth) 🟢

🔹 Adjusted EBITDA: $352M-$362M (up from prior $285M-$305M) 🟢

 fQ4 Outlook:

🔹 Non-GAAP Subscription & FinTech Gross Profit: $370M-$380M (32-35% YoY growth)

🔹 Adjusted EBITDA: $90M-$100M

Key Metrics:

🔹ARR: $1.6B; UP +28% YoY

🔹 Total Locations: ~127,000; UP +28% YoY

🔹 Adj EBITDA: $113M vs $35M in Q3 2023

🔹 Free Cash Flow: $97M vs $37M in Q3 2023

Revenue Segments:

🔹 Subscription Services: $189M; UP +44% YoY

🔹 Financial Technology Solutions: $1.07B; UP +25% YoY

🔹 Hardware & Professional Services: $49M; UP +9% YoY

Business Highlights:

🔸 Added ~7,000 net new locations

🔸 Launched Branded Mobile App and SMS Marketing

🔸 Strong customer adoption and retention

🔸 Released new Voice of Restaurant Industry Survey