UPDATE: Stifel Downgrades Olo Inc. (OLO) to Hold

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Go back to UPDATE: Stifel Downgrades Olo Inc. (OLO) to Hold

Olo Announces Second Quarter 2022 Financial Results

August 11, 2022 4:05 PM EDT

Second Quarter Revenue Grew 27% Year-over-Year on Continued Growth in New Brands, Increased Module Adoption, and Increased Transaction Volume

NEW YORK--(BUSINESS WIRE)-- Olo Inc. (NYSE: OLO), a leading open SaaS platform for restaurants that enables hospitality at every touchpoint, today announced financial results for the second quarter ended June 30, 2022.

We delivered solid second quarter results. We generated $45.6 million in total revenue, a 27% increase year-over-year, as our platform supported continued growth in new brands, increased module adoption within our existing customer base, and increased transaction volume, said Noah... More