
Datadog reported strong Q3 2024 earnings, surpassing analysts' estimates. The company posted an EPS of $0.57, significantly higher than the estimated $0.40, and revenue of $690 million, exceeding the expected $665 million. This represents a 26% year-over-year growth in revenue. Datadog's free cash flow was $204 million, and the number of customers with $100K+ ARR grew by 12% to approximately 3,490. The company provided guidance for FY2024, projecting EPS between $1.75 and $1.77, above the estimated $1.65, and revenue between $2.656 billion and $2.66 billion, also surpassing the estimated $2.63 billion. Additionally, Datadog reported a GAAP operating income of $20 million with a GAAP operating margin of 3%, a non-GAAP operating income of $173 million with a non-GAAP operating margin of 25%, and a GAAP net income per diluted share of $0.14.







Shares of Cloudflare closed 4% percent lower today after its Q3 earnings report showed revenue guidance came up short of analysts' estimates. @Cloudflare CEO @eastdakota joined the show to break down those results. $NET https://t.co/Bi4Qv57lxu
Airbnb $ABNB has released its quarterly earnings. Revenue of $3.73B (+9.86% YoY) beats by $12M. EPS of $2.13 (-67.87% YoY) misses by $0.01.
Arista Networks $ANET has released its quarterly earnings. Revenue of $1.81B (+20.01% YoY) beats by $71M. EPS of $2.40 (+31.15% YoY) beats by $0.32.