DigitalOcean Holdings, Inc. reported strong financial results for the fourth quarter of 2024, exceeding analyst expectations. Adjusted earnings per share (EPS) came in at $0.49, surpassing the estimated $0.38, while revenue reached $205 million, exceeding the forecasted $200.16 million and marking a 13% year-over-year increase. The company also reported adjusted EBITDA of $86 million, up 17% year-over-year, with an adjusted EBITDA margin of 42%. Annual run-rate revenue (ARR) reached $820 million, reflecting a 13% increase, while net income stood at $18.27 million. Revenue from high-spending customers, including the top 500+ customers, grew by 37% year-over-year. Net dollar retention improved to 99%, up from 97% in the prior three quarters. For the first quarter of 2025, DigitalOcean provided guidance of $207 million to $209 million in revenue, representing approximately 13% year-over-year growth at the midpoint. The company also projected full-year 2025 revenue to be in the range of $870 million to $880 million. Following the earnings announcement, DigitalOcean's stock rose 17.8% in premarket trading.