DigitalOcean Q2 2021 Earnings Report
Key Takeaways
DigitalOcean announced strong second-quarter results with accelerated revenue growth and improved capital efficiency. Revenue increased by 35% year-over-year to $103.8 million, and ARR grew by 36% year-over-year to $426 million. The company also launched Managed MongoDB to further drive revenue growth from managed service offerings.
Revenue was $103.8 million, an increase of 35% year-over-year.
ARR ended the quarter at $426 million, an increase of 36% year-over-year.
Net Dollar Retention Rate was 113%, an increase of 1,100 basis points from the second quarter 2020.
Average Revenue Per Customer in the quarter was $58.07, an increase of 25% over the second quarter 2020.
DigitalOcean
DigitalOcean
Forward Guidance
Based on information available as of August 5, 2021, DigitalOcean expects total revenue of $106 to $109 million and an adjusted EBITDA margin of 30% to 31% for the third quarter of 2021. For the full year 2021, the company expects total revenue of $419 to $423 million and an adjusted EBITDA margin of 30% to 31%.
Positive Outlook
- Total revenue of $106 to $109 million for Q3 2021.
- Adjusted EBITDA margin of 30% to 31% for Q3 2021.
- Fully diluted weighted average shares outstanding of 119 to 121 million shares for Q3 2021.
- Total revenue of $419 to $423 million for full year 2021.
- Adjusted EBITDA margin of 30% to 31% for full year 2021.