Lightspeed Commerce Inc. announced the results of its strategic review, with the Board of Directors unanimously determining that executing a full transformation plan as a public company is the best path to maximize shareholder value. The company will focus on growth in North American retail and European hospitality.
For the third quarter ended December 31, 2024, Lightspeed reported total revenue of $280.1 million, an increase of 17% year-over-year. Subscription revenue grew 9% year-over-year, marking its highest growth in the last nine quarters, and net loss improved to ($26.6) million.
Adjusted EBITDA reached $16.6 million, exceeding the company's outlook of approximately $14 million, representing over 350% year-over-year growth. Monthly ARPU grew 19% year-over-year to approximately $533, and the company raised its Fiscal 2025 Adjusted EBITDA outlook to over $53 million.
The Board also authorized a share repurchase program of up to $400 million, demonstrating a commitment to returning capital to shareholders. Lightspeed plans to hold a Capital Markets Day on March 26, 2025, to provide a comprehensive update on its transformation plan.
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