7/1011 sources · 7 publishersUpdated Nov 5, 01:23 UTC
Cricut reports Q3 revenue and EPS beat as products and international sales drive growth
Cricut reported third-quarter GAAP EPS of $0.13 and revenue of $188.6M, with revenue up 10.7% year over year. Products revenue increased 17% and platform revenue rose 4%, while international revenue climbed 30% to $52.8M and represented 28% of the business. The quarter included launches of new cutting machines and the StickerPix product category.
Why it matters
The company expects Q4 revenue growth and full-year profitability. Cricut's CFO said inventory benefits and tariff refunds supported Q3 margins, while promotions could pressure Q4 margins.
Key facts
- 1Q3 GAAP EPS was $0.13 and revenue was $188.6M. seekingalpha.com
- 2Revenue increased 10.7% year over year. seekingalpha.com
- 3Products revenue grew 17% year over year, while platform revenue increased 4%. investing.com
- 4International revenue rose 30% year over year to $52.8M and accounted for 28% of the business. finance.yahoo.com
- 5Gross margin improved to 57.7%. finance.yahoo.com
- 6Paid subscribers increased 2% year over year to 3.07M. finance.yahoo.com
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.