$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