Olo Announces $100 Million Share Repurchase Program

NEW YORK, September 07, 2022–(BUSINESS WIRE)–Olo Inc. (NYSE: OLO), a leading open SaaS platform for restaurants that enables hospitality at every touchpoint, today announced that its board of directors authorized a share repurchase program for up to $100,000,000 of the Company’s Class A common stock. The authorization to repurchase has no expiration date and will be executed consistent with the Company’s capital allocation strategy, which will continue to prioritize long-term growth while balancing profitability.

“This repurchase program is a clear sign of our conviction in Olo’s growth opportunity ahead and the strength of Olo’s balance sheet,” said Olo’s Founder and CEO, Noah Glass. “We believe in prioritizing and balancing capital allocation to maximize value for our shareholders, and I believe this initiative supports that objective.”

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