Arlo Technologies Sets Ambitious $300 Million Revenue Target for 2025

Published 53 minutes agoARLO

Arlo Technologies Sets Ambitious $300 Million Revenue Target for 2025

Arlo Technologies has announced its ambitious target to reach $300 million in service revenue by the year 2025. The company plans to achieve this milestone by continuing to grow its subscription base and expanding its product offerings. Recent financial results reflect robust progress, with service revenue growing to $243.0 million in 2024, a 20.8% increase from the previous year.

The company's Annual Recurring Revenue (ARR) saw a significant hike in Q4 2024, reaching $257.3 million, up 22.5% year-over-year. This growth is fueled by Arlo's expanding subscriber base, which surpassed 3 million paid accounts by February 2024, aided by the popularity of its AI-powered subscription services. Additionally, Arlo's innovative product line, highlighted by the launch of AI-driven Arlo Secure 5.0, has boosted premium subscriber additions beyond previous platform benchmarks.

To support these initiatives, Arlo has strategically partnered with companies such as Origin AI, RapidSOS, and Samsung to enhance its smart security offerings. This holistic approach not only aims to drive service revenue but also reflects positively on Arlo's financial health, with a reported free cash flow of $48.6 million for 2024, as noted by their investor relations. Reuters reported that Arlo is effectively positioning itself in the market as it works toward its 2025 objectives.

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