Datadog Q3 2022 Earnings Report
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.