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Dec 31, 2024
Cloudflare Q4 2024 Earnings Report
Key Takeaways
Cloudflare reported strong Q4 2024 results with a 27% revenue increase year-over-year. Non-GAAP income from operations reached $67.2 million, while GAAP net loss narrowed to $12.8 million. The company added a record number of high-spending customers, contributing to strong growth.
Forward Guidance
Cloudflare expects continued growth in 2025, with revenue forecasted between $2.09B and $2.094B. Non-GAAP operating income is projected to increase significantly.
Positive Outlook
- Revenue expected to grow to over $2B in FY25
- Non-GAAP operating income projected at $272M-$276M
- Continued expansion of large customer base
- Investments in AI and cybersecurity expected to drive demand
- Strong free cash flow generation supports future investments
Challenges Ahead
- Operating losses remain a challenge
- Macroeconomic conditions could impact enterprise spending
- Free cash flow margin declined year-over-year
- Intensified competition in cloud security space
- Stock-based compensation remains a significant expense
Historical Earnings Impact
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Avg. Return Before/After Earnings
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