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Jun 30, 2022
Datadog Q2 2022 Earnings Report
Datadog's second quarter results were announced, showcasing strong revenue growth and profitability.
Key Takeaways
Datadog announced strong second quarter results with a 74% year-over-year revenue increase to $406 million. The company saw growth in larger customers and launched the Observability Pipelines product.
Revenue was $406.1 million, an increase of 74% year-over-year.
GAAP operating loss was $(3.1) million; GAAP operating margin was (1)%.
Non-GAAP operating income was $84.7 million; non-GAAP operating margin was 21%.
As of June 30, 2022, Datadog had about 2,420 customers with ARR of $100,000 or more, an increase of 54% year over year.
Datadog
Datadog
Forward Guidance
Datadog is providing the following guidance: Third Quarter 2022 revenue is expected to be between $410 million and $414 million. Full year 2022 revenue is expected to be between $1.61 billion and $1.63 billion.
Positive Outlook
- Third Quarter 2022 Revenue between $410 million and $414 million.
- Third Quarter 2022 Non-GAAP operating income between $51 million and $55 million.
- Third Quarter 2022 Non-GAAP net income per share between $0.15 and $0.17, assuming approximately 347 million weighted average diluted shares outstanding.
- Full Year 2022 Revenue between $1.61 billion and $1.63 billion.
- Full Year 2022 Non-GAAP operating income between $255 million and $275 million.