earnings
confidence high
sentiment neutral
materiality 0.75
Cricut Q3 revenue up 24% to $260M; net income down 34%, paid subs up 56%
Cricut, Inc.
2021-Q3 EPS reported
$0.59
revenue$918,401,000
- Revenue $260.1M (+24.4% YoY); net income $30.0M (-33.6% YoY); diluted EPS $0.13.
- Subscriptions revenue $53.3M (+70.8% YoY); connected machines $102.5M (+35.7%).
- Total users >5.7M (+55.7%); paid subscribers >1.8M (+55.8%).
- Gross margin 39.2% vs 42.8% a year ago; EBITDA $42.7M (16.4% margin).
- International revenue grew 109.7% to 12% of total; strong inventory heading into Q4.