The following is a summary of the Olo Inc. (OLO) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Olo Inc. reported Q3 2024 total revenue of $71.9 million, a 24% increase year-over-year.

• ARPU for Q3 was $850, marking a 15% increase year-over-year.

• Operating income for the quarter was $8.2 million, showing strong performance with continued expense discipline.

Business Progress:

• Olo has successfully integrated deeper partnerships and expanded product suites, notably with ezCater.

• Achieved the full-year target for net new locations one quarter ahead of schedule, adding about 3,000 locations in Q3, reaching approximately 85,000 active locations.

• Launched Olo Pay card-present functionality and anticipates pilots with enterprise and emerging enterprise brand customers on multiple platforms.

Opportunities:

• Expansion into card-present payments expected to access greater GMV, driving potential substantial growth in payment processing volumes.

Risks:

• The go-to-market function needs a solid leader following Chief Revenue Officer's departure, which may affect sales and customer relations.

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