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 (NYSE: OLO) delivers restaurant technology solutions through its SaaS platform, enabling digital ordering, payment processing, and operational efficiency. This page provides official updates and analysis for stakeholders tracking the company’s market position and strategic developments.
Access timely press releases, earnings reports, and partnership announcements to stay informed about Olo’s innovations in restaurant tech. Our curated news collection helps investors monitor growth metrics while analysts gain insights into integration trends with third-party delivery systems and POS platforms.
Key updates include quarterly financial results, product feature launches, and executive leadership changes. Content is verified for accuracy to support data-driven decision-making without speculative commentary.
Bookmark this page for consolidated access to Olo’s latest developments. Check regularly for updates on how the company navigates evolving demands in digital hospitality infrastructure.
Olo Inc. (NYSE:OLO) announced its acquisition of Wisely Inc., a customer intelligence platform for restaurants, for approximately $187 million. The deal, comprising $77 million in cash and $110 million in Olo's Class A common stock, is expected to close in Q4 2021. This acquisition aims to enhance Olo's digital solutions, enabling restaurant brands to improve guest relationships and drive customer lifetime value through personalized experiences. Wisely's integration is anticipated to expand Olo's product offerings and streamline digital transformation for its clients.
Waitr Holdings Inc. (WTRH) has expanded its partnership with Olo Inc. (OLO) by joining Olo's Dispatch network. This collaboration allows Waitr, along with Bite Squad and Delivery Dudes, to receive delivery requests directly from restaurant websites and apps. The system optimizes delivery options and service providers based on various criteria. This enhancement builds on their existing partnership with Olo Rails, improving order accuracy and operational efficiency for restaurant partners. CEO Carl Grimstad emphasized that this alliance enhances Waitr's access to new restaurants across multiple markets.
Olo Inc. (NYSE:OLO), a leader in on-demand commerce, has announced participation by CEO Noah Glass and CFO Peter Benevides in the Piper Sandler Global Technology Conference. This event highlights Olo's role in the restaurant industry's digital transformation, managing millions of orders daily through its SaaS platform. The conference presentation will be available for replay on Olo's investor relations website. Olo enables over 400 restaurant brands to enhance digital sales with robust integrations, maximizing profitability and strengthening direct consumer relationships.
The restaurant consulting firm 5&5 has announced a partnership with Olo (NYSE: OLO), a leading on-demand commerce platform for restaurants. This collaboration aims to enhance brand support by providing best-in-class solutions in strategy consulting, project implementation, and POS technical management. Both companies will work closely to improve the digital experience for shared clients, transforming the industry by optimizing off-premise strategies. 5&5 currently supports over 36 restaurant brands, generating more than $500 million in annual sales.
Olo (NYSE: OLO) has announced a partnership with Grubhub (NASDAQ: GRUB) to integrate digital orders into the POS of thousands of restaurants using Olo Rails. This integration aims to enhance order accuracy, streamline workflows, and eliminate the need for multiple digital tablets in kitchens. The collaboration comes amid a surge in digital and delivery orders, aiming to improve operational efficiency and financial performance for restaurants. Grubhub's VP stated that the integration will provide a reliable ordering process for restaurant staff and enhance the dining experience for customers.
Olo Inc. (NYSE: OLO) reported strong financial results for Q2 2021, with a 48% year-over-year revenue increase to $35.9 million. Platform revenue surged 53% to $34.5 million, while gross profit reached $28.5 million (80% of total revenue). However, the company faced an operating loss of $(2.4) million and a net loss of $(2.4) million compared to a profit last year. Active locations grew 30% to approximately 74,000, and the average revenue per unit increased 13% to $486. Olo anticipates Q3 2021 revenue between $36.0 million and $36.5 million.
On July 27, 2021, OrderSolutions, part of TSD Global, announced a partnership with OLO (NYSE: OLO) to enhance off-premise ordering for restaurants. This alliance aims to address staffing challenges by allowing restaurants to outsource phone orders, thus improving revenue capture from to-go orders. OrderSolutions' trained agents can increase average check sizes by up to 35%, utilizing OLO's technology to integrate directly with restaurant POS systems. Additionally, OrderSolutions plans to launch an AI voice bot with live agent support in Q4 2021.
Olo Inc. (NYSE: OLO) announced it will release its Q2 fiscal 2021 financial results on August 10, 2021, after U.S. market close. A conference call discussing these results will follow at 5:00 p.m. ET, accessible via live webcast on the company's Investor Relations page. Olo is a leading cloud-based commerce platform serving over 400 restaurant brands, facilitating digital ordering and delivery through multiple channels, including websites, apps, and social media.
Olo (NYSE:OLO), a leader in cloud-based, on-demand commerce for restaurants, announces participation in key investor conferences.
Presentations include the J.P. Morgan Global Technology Conference on May 26, the Cowen Digital Dining Summit on May 27, the William Blair Growth Stock Conference on June 2, and the Stifel Cross Sector Insight Conference on June 9, 2021. Each session will be webcast live, with replays available on Olo's investor relations website.
Olo connects over 400 restaurant brands to the on-demand world, streamlining orders through various platforms.
Cartwheel, a delivery management platform for restaurants, has successfully raised $1 million in seed funding led by TenOneTen Ventures, with support from Act One Ventures and Portillo's. The investment aims to enhance product development, partnership integrations, and team expansion. Cartwheel provides a unique self-delivery solution, allowing brands to manage deliveries effectively while reducing costs. Currently used by Portillo's, the system facilitates better brand representation in deliveries. The platform partners with Olo Inc. to bolster its offerings, addressing increasing consumer demand for digital ordering.
