Welcome to our dedicated page for Olo news (Ticker: OLO), a resource for investors and traders seeking the latest updates and insights on Olo stock.
Olo Inc. (former NYSE: OLO) generated frequent news as a restaurant technology provider and, later, as the subject of a going‑private acquisition by an affiliate of Thoma Bravo. Its news flow combined operating updates on its open SaaS platform for restaurants with detailed disclosures about the merger process, stockholder approvals, and the eventual delisting of its Class A common stock.
Before the merger closed, Olo’s news often focused on financial results, where the company reported revenue growth, non-GAAP metrics, and key performance indicators such as average revenue per unit (ARPU), dollar-based net revenue retention (NRR), active locations, gross merchandise volume (GMV), and gross payment volume (GPV). These releases explained how management used these metrics to evaluate business performance and the stability of its revenue base.
Another major category of coverage involved customer and product announcements. Olo issued releases describing deployments and expansions with enterprise and emerging enterprise restaurant brands, including use of its Ordering modules, Dispatch for delivery, Olo Pay for card-not-present and, via partners, card-present payments, Catering+ for catering operations, Sentiment for guest feedback and reputation management, and Borderless for passwordless checkout. These stories highlighted how restaurant brands adopted multiple Olo modules to support digital ordering, delivery, catering, and guest engagement.
From mid‑2025 onward, a significant portion of Olo’s news centered on the definitive agreement to be acquired by Thoma Bravo and the steps required to complete the transaction. Releases and related 8-K references covered the signing of the merger agreement, regulatory milestones such as early termination of the Hart‑Scott‑Rodino waiting period, the special stockholder meeting and approval of the merger, and the closing of the transaction in September 2025. Additional communications discussed the planned delisting from the New York Stock Exchange, the subsequent Form 25 and Form 15 filings, and stockholder litigation and supplemental proxy disclosures related to the merger.
Investors and observers reviewing OLO news can expect a mix of historical earnings announcements, platform and customer updates, and detailed documentation of the company’s transition from a publicly traded issuer to a private, Thoma Bravo‑owned subsidiary.
QSR Automations, a global leader in restaurant technology solutions, has secured a majority growth investment from Battery Ventures. The company, founded in 1996, specializes in kitchen display systems, guest management software, and digital recipe solutions. Their ConnectSmart technology is currently utilized by 21 of the 25 largest casual-dining chains in the nation. Robbie Payne, Battery Executive-in-Residence, will become the new CEO, while current CEO Angela Leet will transition to a board member role. The investment aims to accelerate product development, expand market reach, and enhance innovation while maintaining existing operations.
Olo Inc. (NYSE: OLO), a leading restaurant technology provider, has announced the date for its third quarter fiscal year 2024 earnings call. The company will report its financial results after the U.S. financial markets close on Thursday, November 7, 2024. Following this, Olo will host a conference call at 5:00 p.m. Eastern Time on the same day to discuss the company's financial results and financial guidance.
For those interested in attending, a live webcast of the conference call will be available on the "Investor Relations" website at investors.olo.com. Additionally, a replay of the call will be archived on the website for future reference.
Olo Inc. (NYSE:OLO), a leading open SaaS platform for restaurants, has announced that its Founder and CEO, Noah Glass, and CFO, Peter Benevides, will be presenting at the Piper Sandler Growth Frontiers Conference in Nashville, TN. The presentation is scheduled for Wednesday, September 11, 2024, at 2:30 p.m. Eastern Time / 1:30 p.m. Central Time.
Investors and interested parties can access the live webcast of the presentation through the "Events" section of Olo's investor relations website at https://investors.olo.com. Replays of the presentation will also be available for a time on the same platform.
Olo Inc. (NYSE:OLO), a leading open SaaS platform for restaurants, has announced that its CFO, Peter Benevides, will be presenting at the KeyBanc Technology Leadership Forum in Vail, CO. The presentation is scheduled for Monday, August 5, 2024, at 1:30 p.m. Eastern Time (11:30 a.m. Mountain Time).
Investors and interested parties can access the live webcast of the presentation through the 'Events' section of Olo's investor relations website at https://investors.olo.com. Replays of the presentation will also be available for a time on the same platform.
This event provides an opportunity for Olo to showcase its technology and market position to industry leaders and potential investors at a prominent forum.
Olo Inc. (NYSE:OLO) reported strong Q2 2024 financial results, with revenue up 28% year-over-year to $70.5 million. The company's performance exceeded guidance, showing robust growth in key metrics:
- ARPU increased 19% YoY to $852
- Dollar-based net revenue retention above 120%
- Active locations reached 82,000
- Non-GAAP operating income of $7.6 million (11% of revenue)
Olo expanded partnerships, including an extended POS integration with TRAY for Olo Pay and Engage. The company deployed Order modules with enterprise brands like Bonchon and Mission BBQ, and expanded Olo Pay with brands such as Culver's and El Pollo Loco. Olo also announced 19 product enhancements in its Summer Release event.
GRUBBRR, a leading self-ordering technology provider, has partnered with Olo (NYSE: OLO), a restaurant technology company, to enhance the onsite dining experience. This collaboration integrates GRUBBRR's self-ordering kiosks and digital menu boards with Olo's ordering and payment processing capabilities.
The partnership aims to streamline restaurant operations, combat labor costs and shortages, and provide a seamless omnichannel dining experience. Key benefits include:
- Increased average sales tickets by 12-22% through kiosk orders
- Improved operational efficiency with centralized menu management
- Enhanced guest data consolidation for better insights and decision-making
- Seamless integration of Olo Order and Pay into GRUBBRR's kiosks
This collaboration marks a significant step in the restaurant industry's digital transformation, offering innovative solutions to improve efficiency, accuracy, and guest satisfaction.
Olo Inc. (NYSE:OLO) has launched Loyalty for Borderless Accounts, allowing guests to earn and redeem rewards from a brand's existing loyalty program through Olo's passwordless checkout solution. This feature, along with 18 other enhancements, aims to increase orders, streamline operations, and improve guest experiences across Olo's Order, Pay, and Engage solution suites.
Key updates include Marketing A/B Testing for Email Campaigns, Catering+ Order Management, Order with Google Enhanced Redirect, and POS Menu Builder for Toast users. These innovations are designed to drive sales, enhance guest retention, and provide valuable customer data for restaurant brands using Olo's platform.
Olo Inc. (NYSE: OLO), a leading restaurant technology provider, has announced that it will release its second quarter fiscal year 2024 financial results after the U.S. financial markets close on Wednesday, July 31, 2024. The company will host a conference call on the same day at 5:00 p.m. Eastern Time to discuss the financial results and provide financial guidance. Investors and interested parties can access a live webcast of the conference call on the 'Investor Relations' website at investors.olo.com. A replay of the call will also be archived on the website for future reference.
Bottle Rocket, a global digital product agency, has announced a strategic partnership with Olo (NYSE: OLO), a leading restaurant technology provider. The collaboration aims to enhance digital guest experiences by combining Bottle Rocket's innovative design and development solutions with Olo's digital ordering platform, used by over 700 restaurant brands.
Bottle Rocket has introduced Ignite, a digital acceleration platform offering restaurant brands a customizable mobile solution that can be built faster and more cost-effectively. Ignite features a pre-built Olo integration and supports various restaurant brands, providing a flexible foundation for creating differentiated experiences across iOS, Android, and web.
This partnership leverages Bottle Rocket's extensive experience in the restaurant industry and Olo's robust platform to help brands create scalable, flexible, and growth-oriented digital ordering experiences.
Battery Ventures, a global technology-focused investment firm, announced six significant promotions across its Boston, New York, and London offices. Satoshi Harris-Koizumi, who has been with the firm for 12 years, was promoted to partner. He focuses on later-stage and majority software investments in the U.S. Harris-Koizumi has worked with companies such as Cambrio, HighJump, Mendix, and Olo. Collier Searle, who joined in 2020, was promoted to principal and focuses on late-stage and buyout investments in Europe and the U.S. Searle is involved with ORTEC and Shiftmove and has previous experience with Apax Partners and Bank of America Merrill Lynch.
Additionally, Max Jessen and Stefan Momic were promoted to vice presidents, while Jack McGuinness and Grace Hermes were promoted to associates. These promotions reflect Battery Ventures' commitment to fostering talent as it continues to invest in innovative technology companies.