Why did OLO's Q3 earnings growth slow?

Olo's Q3 earnings growth slowed due to **Market Volatility Caused by Reciprocal Tariffs Announcement**. 1. **Impact of Reciprocal Tariffs Announcement**: The announcement of reciprocal tariffs on all US imports by President Trump led to a negative market reaction. Investors became concerned about the broader economic implications, which likely affected Olo's stock performance and, consequently, the perception of the company's financial outlook. 2. **Stock Price Movement**: Olo's stock price fell by 6.9% following the tariff announcement, indicating market uncertainty and potential investor skepticism about the company's future performance. 3. **Economic Uncertainty**: The introduction of tariffs is often viewed as a negative development for global trade and economic growth. This added a layer of uncertainty for businesses and investors, which could have led to a decrease in investor confidence and a subsequent slowdown in earnings growth. In conclusion, Olo's Q3 earnings growth was likely affected by the market volatility caused by the announcement of reciprocal tariffs, which led to a negative market reaction and introduced economic uncertainty. |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |OLO|OLO.N|Olo|2023 Q4|26.562343062614254|6.3004E7|169| |OLO|OLO.N|Olo|2024 Q1|27.31814701378254|6.6511E7|169| |OLO|OLO.N|Olo|2024 Q2|27.606740149499558|7.0504E7|169| |OLO|OLO.N|Olo|2024 Q3|24.326054607744748|7.1853E7|169|