$TOST (+1,16ย %) | Toast Q3 Earnings Highlights:
๐น Revenue: $1.31B (Est. $1.29B) ๐ข; UP +26% YoY
๐น EPS: $0.07 (Est. $0.01) ๐ข
๐น Gross Payment Volume (GPV): $41.7B; UP +24% YoY
Raised FY24 Guidance:
๐น Non-GAAP Subscription & FinTech Gross Profit: $1.395B-$1.405B (32-33% YoY growth) ๐ข
๐น Adjusted EBITDA: $352M-$362M (up from prior $285M-$305M) ๐ข
ย fQ4 Outlook:
๐น Non-GAAP Subscription & FinTech Gross Profit: $370M-$380M (32-35% YoY growth)
๐น Adjusted EBITDA: $90M-$100M
Key Metrics:
๐นARR: $1.6B; UP +28% YoY
๐น Total Locations: ~127,000; UP +28% YoY
๐น Adj EBITDA: $113M vs $35M in Q3 2023
๐น Free Cash Flow: $97M vs $37M in Q3 2023
Revenue Segments:
๐น Subscription Services: $189M; UP +44% YoY
๐น Financial Technology Solutions: $1.07B; UP +25% YoY
๐น Hardware & Professional Services: $49M; UP +9% YoY
Business Highlights:
๐ธ Added ~7,000 net new locations
๐ธ Launched Branded Mobile App and SMS Marketing
๐ธ Strong customer adoption and retention
๐ธ Released new Voice of Restaurant Industry Survey