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Sep 30, 2023
Datadog Q3 2023 Earnings Report
Reported a 25% year-over-year revenue growth and strong growth of larger customers.
Key Takeaways
Datadog announced its Q3 2023 financial results, reporting a 25% year-over-year revenue increase to $548 million. The company saw robust new logo bookings and a continued focus on solving customers' DevSecOps challenges. There was also strong growth in larger customers.
Revenue was $547.5 million, an increase of 25% year-over-year.
GAAP operating loss was $(4.2) million; GAAP operating margin was (1)%.
Non-GAAP operating income was $130.8 million; non-GAAP operating margin was 24%.
As of September 30, 2023, Datadog had about 3,130 customers with ARR of $100,000 or more, an increase of 20% year-over-year.
Forward Guidance
Datadog is providing the following guidance: Revenue between $564 million and $568 million; Non-GAAP operating income between $129 million and $133 million; Non-GAAP net income per share between $0.42 and $0.44, assuming approximately 355 million weighted average diluted shares outstanding.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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