Toast reported first-quarter revenue of $1.34 billion, in line with estimates, while earnings of 9 cents per share missed the 12-cent consensus, according to Benzinga. The company highlighted strong momentum with annual recurring revenue up 31% to $1.7 billion and 22% year-over-year growth in gross payment volume. Total Locations increased 25% year-over-year to approximately 140,000. Toast CEO Aman Narang said the company had a strong first quarter, adding over 6,000 new locations, growing recurring gross profit by 37%, and delivering $133 million in adjusted EBITDA. The company also announced an agreement with Topgolf to implement Toast Enterprise Solutions across its venues in the U.S.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Toast reported first quarter revenue of $1.34 billion in line with estimates,
00:06while earnings of $0.09 per share missed the $0.12 consensus, according to Benzinga.
00:11The company highlighted strong momentum with annual recurring revenue of 31% to $1.7 billion
00:16and 22% year-over-year growth in gross payment value.
00:20Total locations increased 25% year-over-year, approximately $140,000.
00:24Toast CEO Aman Narang said the company had a strong first quarter,
00:27adding over 6,000 new locations, growing recurring gross profit by 37%,
00:31delivering $133 million in adjusted EBITDA.
00:34The company also announced an agreement with Topgolf
00:36to implement Toast Enterprise solutions across its venues in the U.S.
00:40For all things money, visit Benzinga.com slash GSTV.