Toast share gains after reporting in Q2: EPS missed, revenue beats – Toast (NYSE: TOST)

Toast, Inc. tost After Wednesday’s end, its fourth quarter results were reported. Here are the details in the report.

Details: Toast reported quarterly earnings of 5 cents per share, which missed the analyst consensus estimate of 7 cents. Quarterly revenue was $1.34 billion, surpassing analyst consensus estimates of $1.31 billion, up $1.04 billion from revenue a year ago.

The company said it added 28,000 net locations in 2024, ending about 134,000 locations in the year, with its annual recurring operating rate (ARR) up 34%, and as of December 31, 2024, it increased 34%, reaching $1.6 billion. The fourth quarter reached US$42.2 billion year-on-year.

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“Toast is close to 2024, limiting a year of change, we added a record 28,000 net positions, growing our frequently-occurring gross margin, 34%, adjusted EBITDA of $373 million, and The first year of GAAP profitability. “Toast CEO Aman Narang.

Price action: Toast stocks rose 0.15% after get off work to $40.05 on Wednesday, according to Benzinga Pro.

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