Olo Inc. (OLO) Tops Q2 EPS by 2c

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Go back to Olo Inc. (OLO) Tops Q2 EPS by 2c

Olo Announces Second Quarter 2023 Financial Results

August 1, 2023 4:05 PM EDT

Second Quarter Revenue up 21% Year-over-Year Driven by Continued ARPU Expansion

NEW YORK--(BUSINESS WIRE)-- Olo Inc. (NYSE: OLO) (Olo or the Company), a leading open SaaS platform for restaurants, today announced financial results for the second quarter ended June 30, 2023.

Our second quarter results demonstrate the consistent, positive momentum weve built over the past few quarters. We generated $55.3 million in total revenue, a 21% increase year-over-year, as our platform supported increased module adoption within our existing customer base. With that, this quarter we increased Average Revenue Per Unit, or ARPU, to $716, up 32%... More