Circut Results Presentation Deck
cricut.
Revenue breakdown
Subscription revenue
in Q2 grew over 33% YoY and
up ~181% from Q2 2020 despite lower
machine sales
Accessories & Materials revenue
in Q2 declined ~(41%) YOY
Connected Machine revenue
in Q2 declined (76%) YoY
Connected Machines and Accessories &
Materials were affected
by macroeconomic pressures and higher
than normal channel inventory positions
International revenue declined (14%) YOY,
but increased as a % of overall revenue,
from 8.5% to 13.2%
$ in millions
$400
$350
$300
$250
$200
$150
$100
$50
$0
YOY %
Change
$94.6M
Q2 2019
Subscriptions
Q2 2022 Financial Results
$235.3M
94%
3 yr. basis
Q2 2020 COVID Quarters
Accessories & Materials
148.8%
$334.5M
Q2 2021
Connected Machines
42.1%
$183.8M
Q2 2022
(45.1)%
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