Oatly Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $243.1 million, up 9.1% year over year
- ➤Q3 Adjusted EBITDA $9.4 million, up from $3.1 million
- ➤2026 Adjusted EBITDA outlook cut to $16 million-$20 million from $25 million-$35 million
- ➤2026 Constant Currency Revenue growth outlook maintained at 8%-10%
- ➤Greater China Q3 revenue fell 14.6% to $32.0 million
Expert Statements
Jean-Christophe Flatin, CEO of Oatly
“I am pleased to report another quarter of strong revenue growth accompanied by substantial improvement in our Adjusted EBITDA.”
Jean-Christophe Flatin, CEO of Oatly
“Our third quarter results reflect continued strong returns from our growth playbook including growth in market share, household penetration, and distribution.”
Jean-Christophe Flatin, CEO of Oatly
“The quarter’s strong Adjusted EBITDA reflects improvement in our mix of customers, channels, and products.”
Jean-Christophe Flatin, CEO of Oatly
“I am proud of our business year-to-date resilience absorbing cost inflation while maintaining investments for growth.”
Jean-Christophe Flatin, CEO of Oatly
“I am also excited to announce the launch of our new Fiber beverage platform which expands our portfolio in the wellness space and leverages our core identity, created through over 30 years of expertise, in oats as a natural source of dietary fiber.”
Jean-Christophe Flatin, CEO of Oatly
“Despite elevated macro volatility, we maintain our outlook for Constant Currency Revenue growth for the 2026 year.”
Jean-Christophe Flatin, CEO of Oatly
“However, similar to food and beverage peers, we are impacted by the latest wave of fuel and freight inflation in North America which has been stronger and faster than expected.”
Jean-Christophe Flatin, CEO of Oatly
“We possess multiple levers to offset this pressure, but timing delays will adversely impact our profit in the fourth quarter and result in our reduced outlook for Adjusted EBITDA for the 2026 year.”
Jean-Christophe Flatin, CEO of Oatly
“We remain steadfast in our growth investments and focus on delivering consistent and profitable growth over time.”
MALMÖ, Sweden, October 28, 2026 – Oatly Group AB (publ) (Nasdaq: OTLY) (“Oatly”, the “Company” or the “Group”), the world’s original and largest oat drink company, today announced financial results for the third quarter ended September 30, 2026.
Jean-Christophe Flatin, Oatly’s CEO, commented, “I am pleased to report another quarter of strong revenue growth accompanied by substantial improvement in our Adjusted EBITDA. Our third quarter results reflect continued strong returns from our growth playbook including growth in market share, household penetration, and distribution. The quarter’s strong Adjusted EBITDA reflects improvement in our mix of customers, channels, and products. I am proud of our business year-to-date resilience absorbing cost inflation while maintaining investments for growth. I am also excited to announce the launch of our new Fiber beverage platform which expands our portfolio in the wellness space and leverages our core identity, created through over 30 years of expertise, in oats as a natural source of dietary fiber.”
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