Toast (TOST) Q1 Revenue Beats; Guides Higher

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Toast Announces First Quarter 2022 Financial Results

May 12, 2022 4:05 PM EDT

Added over 5,000 net new locations for the first quarter ever

First quarter subscription revenue growth accelerated to 103% year-over-year

Annualized recurring run-rate (ARR) as of March 31, 2022 grew 66% year-over-year

BOSTON--(BUSINESS WIRE)-- Toast (NYSE: TOST), the all-in-one digital technology platform built for restaurants, today reported financial results for the first quarter ended March 31, 2022.

Toast delivered a strong first quarter, coming in well ahead of expectations across the board and adding a record number of net new locations to our platform as we continue to... More