earnings
confidence high
sentiment negative
materiality 0.65
Cricut Q3 revenue down 4% to $167.9M; net income falls 33% to $11.5M
Cricut, Inc.
2024-Q3 EPS reported
$0.24
revenue$503,229,000
- Diluted EPS of $0.05 vs $0.08 a year ago; operating margin fell to 6.3% from 13.5%.
- Paid subscribers reached 2.8M (+5% YoY); Platform ARPU $52.86 (+3% YoY).
- Generated $70M cash from ops; repurchased 1.8M shares for $10.3M in Q3.
- Board authorized a $0.10 semi-annual dividend payable Jan 21, 2025 to holders of record Jan 7.
- Revenue beat expectations but net income down 33% due to lower gross margin and higher costs.