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Sep 30, 2022
Datadog Q3 2022 Earnings Report
Third quarter revenue grew 61% year-over-year with strong adoption of products and robust opportunities with new customers.
Key Takeaways
Datadog announced financial results for its third quarter ended September 30, 2022. Third quarter revenue grew 61% year-over-year to $437 million. There was strong growth of larger customers, with about 2,600 $100k+ ARR customers, up from about 1,800 a year ago.
Revenue was $436.5 million, an increase of 61% year-over-year.
GAAP operating loss was $(31.3) million; GAAP operating margin was (7)%.
Non-GAAP operating income was $74.8 million; non-GAAP operating margin was 17%.
As of September 30, 2022, Datadog had about 2,600 customers with ARR of $100,000 or more, an increase of 44% from about 1,800 as of September 30, 2021.
Datadog
Datadog
Forward Guidance
Datadog is providing the following guidance: Revenue between $445 million and $449 million and Non-GAAP net income per share between $0.18 and $0.20, assuming approximately 347 million weighted average diluted shares outstanding.
Positive Outlook
- Revenue between $445 million and $449 million.
- Non-GAAP operating income between $56 million and $60 million.
- Non-GAAP net income per share between $0.18 and $0.20.
- Approximately 347 million weighted average diluted shares outstanding.
- Revenue between $1.650 billion and $1.654 billion for full year 2022.