🔹 Adj EPS: $0.09 (Est. $0.06) 🟢
🔹 Total Revenue: $261.2M (Est. $256.83M) 🟢; UP +23% YoY
🔹 Subscription Revenue: $250.6M (Est. $245.69M) 🟢; UP +24% YoY
FY25 Guidance:
🔹 Subscription Revenue: $1.117B-$1.121B (Est. $1.120B) 🟡
🔹 Non-GAAP Operating Margin: ~6%
🔹 Non-GAAP EPS: ~$0.35
Q4'24 Segment Performance:
🔹 Confluent Cloud Revenue: $138M; UP +38% YoY
🔹 Subscription Revenue: $250.6M; UP +24% YoY
Operating Metrics:
🔹 Free Cash Flow: $29.1M (UP +7.9 pts YoY)
🔹 Non-GAAP Operating Income: $13.6M; UP +21% YoY
🔹 Free Cash Flow Margin: 11.1% (UP from 3.2% YoY)
Key Customer Metrics:
🔹 Customers with $100K+ ARR: 1,381; UP +12% YoY
Strategic and Shareholder Updates:
🔸 Partnered with Databricks to enhance real-time AI capabilities through data streaming innovation.
🔸 Significant product innovations position Confluent as a leading platform for cloud, data, and AI solutions.
Management Commentary:
🔸 CEO Jay Kreps: "Confluent closed the year with a strong Q4, highlighted by 38% growth in Confluent Cloud revenue. Our momentum reflects the growing importance of a complete data streaming platform to power mission-critical and real-time AI applications."
🔸 CFO Rohan Sivaram: "Our combination of growth, scale, and free cash flow expansion positions us well to achieve profitability targets in 2025."