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Q2 FY24: Strong performance, steady execution We’ve reached the halfway mark of our “Year of Execution,” and the momentum we’re seeing is a direct reflection of this year’s theme. Notably, we’ve reached some incredible milestones: in addition to delivering the lowest net loss in 10 quarters, for the first time since we became a publicly traded company, we delivered positive Adjusted EBITDA in the quarter – a significant achievement for Lightspeed. We’ve also hit significant financial markers in the past three months, registering $230.3 million in revenue (a 25% year-over-year growth that exceeds our previously-established outlook). ARPU increased 26% year-over-year. And we’ve seen a 59% increase in GPV2 ($5.9 billion) and GTV2 of $23.5 billion—thanks largely to the Unified Payments initiative.
Today Lightspeed Commerce Inc. is honoured as an Enterprise—Industry leaders award winner as part of the 2023 Deloitte Technology Fast 50™ program. The company was ranked 8th on the list – up from its 12th spot ranking in 2022. Powering the world’s best businesses, Lightspeed is the unified POS and payments platform for ambitious entrepreneurs who wish to accelerate growth, provide the best customer experiences and become a go-to destination in their space.
Lightspeed Welcomes Retail Innovators, Hospitality Heroes and Golf Trendsetters
Another incredible year celebrating love, diversity, and unity at the Montreal Pride parade! 🌈🏳️🌈 Our excitement was palpable as we marched alongside familiar faces – our cherished Lightspeeders and their families. The joy, the smiles, and the unbridled fun made this day truly special. Until we meet again next year, let's keep spreading the message of acceptance and inclusion!
We help local communities thrive in over 100 countries. Find out more about our efforts to make the world a better place in our second annual Sustainability Report, out now. 💚
Lightspeed celebrates LGBTQ2S+-owned businesses and champions inclusive commerce by powering them with omnichannel retail technology Lightspeed Commerce Inc. strengthens its commitment to diversity this Pride Month by donating software that will power a Bermuda pride pop-up shop by Surplus Trends, a Montreal-based LGBTQ2S+-owned business. Read More here:
Lightspeed Commerce Inc. is proud to partner with 18 incredible hospitality businesses which have been named to the 2023 Canada’s 100 Best Restaurants and 50 Best Bars lists — including this year’s top restaurant in Canada, Mon Lapin (Montreal, QC). Powering the world’s best businesses, Lightspeed is the unified POS and payments platform for ambitious entrepreneurs to accelerate growth, provide the best customer experiences and become a go-to destination in their space.
Unleash Your Potential and Join Our Sales Team! 💼 Our yearly Sales Summit event is an exclusive event dedicated to celebrating and rewarding our top-performing sales professionals. This is your chance to ignite your passion and be recognized for your greatness. 🚀 🌟 Be inspired by 21 industry-leading speakers 💪 Immerse yourself in 18 empowering sessions 🌍 Connect with 700+ Lightspeeders from over 20 countries Are you ready to unlock your potential and join our exceptional sales team? Don't miss out on this incredible opportunity to be part of the Lightspeed success story. Join us now! https://www.lightspeedhq.com/careers/
Lightspeed is included on The Globe and Mail’s fourth-annual Women Lead Here benchmark of executive gender diversity Lightspeed Commerce is proud to be included in The Globe and Mail’s 2023 Report on Business magazine’s Women Lead Here rankings, which identifies leading Canadian businesses with the highest executive gender diversity. Lightspeed’s goal remains to be the tech company that drives the industry forward. Here are some of our gender-based equity initiatives: - We promote and champion women at all levels across the Company, including on our Board. Lightspeed offers a Parental Leave – Paid Benefit Top-Up program designed to complement regional government benefits - To challenge systemic inequities, our teams regularly audit pay practices, promotion decisions, and succession planning. This gives us the data we need to make adjustments. For the complete rankings, please visit tgam.ca/WomenLeadHere
