Cricut Q1 net income up 22%, revenue down 3%; special $0.75 dividend, $50M buyback

Cricut, Inc.

2024-Q1 EPS reported $0.11 revenue$162,634,000

Revenue $162.6M (-3% YoY); net income $23.9M (+22%); diluted EPS $0.11 vs $0.09.
Paid subscribers 2.97M (+6% YoY); Platform ARPU $53.10 (+2%); active users ~5.9M (-0.4%).
Board approves special dividend $0.75/share + recurring semi-annual $0.10/share, payable July 21 to holders July 7.
$50M share repurchase program authorized; $12M used to buy 2.1M shares in Q1.
CEO cites tariff uncertainty but claims advantage from shifting finished goods spend out of China.

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