DigitalOcean Holdings reported its third-quarter 2024 financial results, showcasing a 12% year-over-year revenue growth to $198.5 million and an adjusted EBITDA of $87 million, reflecting a 44% margin. Despite these positive figures, the company's stock, trading under the ticker $DOCN, fell approximately 14% in pre-market trading following a fourth-quarter earnings guidance that missed analyst expectations. The net dollar retention rate remained stable at 97%, but this marks the third consecutive quarter below a 100% retention rate. CEO Yancey Spruill highlighted the company's growth and customer acquisition strategies, emphasizing opportunities in AI democratization for businesses. The overall market reaction was negative, with shares of DigitalOcean down by 13% despite the earnings beat and raised full-year revenue guidance.