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Dec 31, 2022
Datadog Q4 2022 Earnings Report
Datadog's Q4 2022 performance showed strong growth with increased customer value and profitability.
Key Takeaways
Datadog's Q4 2022 revenue increased by 44% year-over-year to $469 million. The company drove strong profitability and cash generation with strong growth of larger customers.
Revenue was $469.4 million, an increase of 44% year-over-year.
GAAP operating loss was $(34.6) million; GAAP operating margin was (7)%.
Non-GAAP operating income was $83.1 million; non-GAAP operating margin was 18%.
As of December 31, 2022, Datadog had 317 customers with ARR of $1 million or more, an increase of 47% year-over-year.
Forward Guidance
Datadog is providing the following guidance for Q1 2023: Revenue between $466 million and $470 million; Non-GAAP operating income between $68 million and $72 million; Non-GAAP net income per share between $0.22 and $0.24, assuming approximately 348 million weighted average diluted shares outstanding. For fiscal year 2023: Revenue between $2.07 billion and $2.09 billion; Non-GAAP operating income between $300 million and $320 million; Non-GAAP net income per share between $1.02 and $1.09, assuming approximately 351 million weighted average diluted shares outstanding.
Positive Outlook
- Revenue between $466 million and $470 million for Q1 2023.
- Non-GAAP operating income between $68 million and $72 million for Q1 2023.
- Non-GAAP net income per share between $0.22 and $0.24 for Q1 2023.
- Revenue between $2.07 billion and $2.09 billion for fiscal year 2023.
- Non-GAAP operating income between $300 million and $320 million for fiscal year 2023.
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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