Financial PerformanceToast reported 4Q results with total revenue 2% ahead of our forecast and adjusted EBITDA 16% above our forecast.
Market ExpansionToast is gaining traction in new markets and expects to surpass 10K locations across new markets in 2025, with recent wins including Hilton Hotels and Ascent Brands.
Strategic PartnershipsThe agreement with Dine Brands Global, Inc., to implement Toast technology at Applebee’s locations nationwide represents the largest chain win by Toast so far.