Toast (TOST) Q1 Loss Narrower Than Expected, Revenues Up Y/Y

Toast (TOST) reported a first-quarter 2024 loss of 15 cents per share, which beat the Zacks Consensus Estimate by 6.25% and was narrower than the 16 cents reported in the year-ago quarter.Revenues of $1.075 billion surpassed the Zacks Consensus Estimate by 4.63%. The figure jumped 31.3% year over year.Annual recurring revenues (“ARR”) at the first-quarter end surged 32% year over year to $1.3 billion. SaaS ARR grew 39% year over year. SaaS ARPU on an ARR basis increased 5%.Gross Payment Volume (GPV) soared ...