$DDOG (+5%) | Datadog Q3 Earnings Highlights

🔹 EPS: $0.57 (Est. $0.40) 🟢

🔹 Revenue: $690M (Est. $665M) 🟢; UP +26% YoY

🔹 Free Cash Flow: $204M (Est. $167M) 🟢

🔹 $100K+ ARR Customers: ~3,490, UP +12% YoY

FY24 Guidance

🔹 Revenue: $2.656B-$2.660B (Est. $2.65B) 😐

🔹 EPS: $1.75-$1.77 (Est. $1.65) 🟢

Q4'24 Guidance

🔹 Revenue: $709M-$713M (Est. $710M) 😐

🔹 EPS: $0.42-$0.44 (Est. $0.40) 😐

Business Highlights

🔹 Named Leader in Gartner Magic Quadrant for Observability Platforms and Digital Experience Monitoring

🔹 Released State of Cloud Security 2024 report, identifying ongoing security risks across cloud platforms

🔹 Launched Datadog Monitoring for Oracle Cloud Infrastructure, expanding multi-cloud