Toast, Inc. TOST reported its fourth-quarter outcomes after Wednesday’s closing bell. Here is a have a look at the main points from the report.
The Particulars: Toast reported quarterly earnings of 5 cents per share which missed the analyst consensus estimate of seven cents. Quarterly income got here in at $1.34 billion which beat the analyst consensus estimate of $1.31 billion and is a rise over income of $1.04 billion from the identical interval final 12 months.
The corporate stated it added 28,000 internet areas in 2024, ending the 12 months with roughly 134,000 areas and its annualized recurring run-rate (ARR) elevated 34% to over $1.6 billion as of Dec. 31, 2024. Gross Fee Quantity (GPV) elevated 25% year-over-year to $42.2 billion within the fourth quarter.
Learn Subsequent: US, Russian Officers Start Ukraine Peace Talks: Protection Sector Shares Rise
“Toast had a robust near 2024, capping off a transformational 12 months the place we added a file 28,000 internet areas, grew our recurring gross revenue streams 34%, delivered Adjusted EBITDA of $373 million, and achieved our first 12 months of GAAP profitability,” stated Toast CEO Aman Narang.
TOST Worth Motion: In response to knowledge from Benzinga Professional, Toast shares are up 0.15% after hours at $40.05 Wednesday.
Learn Subsequent:
Picture: Shutterstock
Market Information and Information delivered to you by Benzinga APIs
© 2025 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
