Toast: Q4 Revenue Beats, EPS Misses
Toast reported a strong increase in revenue while missing expectations for earnings per share, highlighting operational challenges amidst growth.
Toast (NYSE:TOST), a prominent provider of cloud-based digital technology platforms for restaurants, reported mixed Q4 2024 earnings on Wednesday, Feb. 19. Revenue for the quarter jumped 29% year over year to $1.34 billion, exceeding the analysts' estimate of $1.31 billion. Adjusted earnings per share (EPS) fell short at $0.05 against the expected $0.17. This reflects an underlying challenge in profitability even as the company expands its market reach.
Overall, the quarter was marked by strong top-line growth driven by the continued adoption of Toast’s integrated platform, amidst growing competition and economic pressures.
Source: Toast. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. EBITDA = Earnings before interest, taxes, depreciation, and amortization.
