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Dec 31, 2021
Datadog Q4 2021 Earnings Report
Demonstrated excellent revenue growth and continued business efficiencies.
Key Takeaways
Datadog announced strong Q4 2021 financial results with revenue growth of 84% year-over-year to $326 million. The company saw strong growth of larger customers and launched Sensitive Data Scanner.
Revenue was $326.2 million, an increase of 84% year-over-year.
GAAP operating income was $8.5 million; GAAP operating margin was 3%.
Non-GAAP operating income was $70.6 million; non-GAAP operating margin was 22%.
As of December 31, 2021, we had 216 customers with ARR of $1 million or more, an increase of 114% from 101 as of December 31, 2020.
Forward Guidance
Datadog is providing the following guidance for Q1 2022: Revenue between $334 million and $339 million, Non-GAAP operating income between $36 million and $41 million, Non-GAAP net income per share between $0.10 and $0.12, assuming approximately 348 million weighted average diluted shares outstanding. For fiscal year 2022, Datadog expects: Revenue between $1.51 billion and $1.53 billion, Non-GAAP operating income between $160 million and $180 million, Non-GAAP net income per share between $0.45 and $0.51, assuming approximately 350 million weighted average diluted shares outstanding.
Positive Outlook
- Revenue between $334 million and $339 million for Q1 2022.
- Non-GAAP operating income between $36 million and $41 million for Q1 2022.
- Non-GAAP net income per share between $0.10 and $0.12 for Q1 2022.
- Revenue between $1.51 billion and $1.53 billion for fiscal year 2022.
- Non-GAAP operating income between $160 million and $180 million for fiscal year 2022.
Challenges Ahead
- Uncertainty regarding reconciling items such as stock-based compensation.
- Potential variability of employer payroll taxes on equity incentive plans.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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