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Olo (OLO) - 2025 Q1 - Earnings Call Presentation
2025-05-08 20:18
Financial Performance - Q1 2025 - Total revenue increased by 21% year-over-year to $80.7 million[40] - Total platform revenue increased by 20% year-over-year to $79.2 million[40] - Non-GAAP operating income was $11.5 million, representing 14% of total revenue, compared to $5.6 million, or 8% of total revenue in the previous year[40] - Average Revenue Per Unit (ARPU) increased by 12% year-over-year to approximately $911[40] - Active locations increased by 8% year-over-year to approximately 88,000, an increase of approximately 2,000 from the previous quarter[40] Key Metrics and Growth - The company has a highly retentive customer base of over 750 brands and 88,000 locations[12] - Dollar-based Net Revenue Retention (NRR) was 111%[34, 40] - Gross Merchandise Volume (GMV) for 2024 reached $29 billion[14] - Gross Payment Volume (GPV) for 2024 was $2.8 billion[14] Market and Strategy - The US food-away-from-home market is a $1.5 trillion+ industry with increasing digital transactions[12, 16] - Olo's three product suites create a guest data "flywheel" to help drive profitable traffic through personalization[12] - The company is positioned to accelerate gross profit growth through scaling Olo Pay and ramping newer SaaS solutions[12]