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Sep 30, 2022
Confluent Q3 2022 Earnings Report
Confluent's third quarter results demonstrated strong revenue growth and operating margin improvements.
Key Takeaways
Confluent reported a 48% year-over-year increase in total revenue, reaching $152 million, with Confluent Cloud revenue growing by 112% year-over-year. The company also saw a 39% increase in customers with $100k+ ARR and a 72% growth in remaining performance obligations.
Total revenue reached $152 million, a 48% increase year-over-year.
Confluent Cloud revenue grew by 112% year-over-year, reaching $57 million.
Remaining performance obligations increased by 72% year-over-year, totaling $664 million.
Customers with $100,000 or greater in ARR increased by 39% year-over-year, reaching 921.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2022, Confluent expects total revenue between $161 million and $163 million and a non-GAAP operating margin of approximately -28%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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