Cricut Announces $0.70 Special Dividend and Forecasts First Full-Year Revenue Growth Since 2021
Cricut (CRCT) reported a strong start to the second half of its fiscal year, with Q3 revenue increasing approximately 11% year-on-year. CEO Ashish Arora attributed this growth to successful new product launches, including the Maker 5 and StickerPix, alongside sustained strength in the company's Platform segment. In a significant move for shareholders, the company announced a special dividend of $0.70 per share, scheduled to be payable on January 21, 2027. Furthermore, Cricut management expressed optimism regarding its long-term trajectory, projecting full-year revenue growth for the first time since 2021.