Toast (TOST) Misses Q3 EPS by 13c, Offers Guidance
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Toast Announces Third Quarter 2023 Financial Results
November 7, 2023 4:05 PM ESTAdded over 6,500 net new locations in third quarter 2023
Annualized recurring run-rate (ARR) as of September 30, 2023 grew 40% year-over-year
Third quarter net loss was $(31) million and Adjusted EBITDA was $35 million
BOSTON--(BUSINESS WIRE)-- Toast (NYSE: TOST), the all-in-one digital technology platform built for restaurants, today reported financial results for the third quarter ended September 30, 2023.
Toast delivered solid results in the third quarter. ARR grew 40% to over $1.2 billion with our consistent go-to-market execution driving strong net location additions combined with continued ARPU growth. Our... More
