DigitalOcean Announces Third Quarter 2024 Financial Results
DigitalOcean Holdings, Inc. (DOCN)
Company Research
Source: Business Wire
Revenue of $198 million, up 12% year-over-year; raising full year guidanceNet Income was $33 million at 17% margin and Adjusted EBITDA was $87 million at 44% marginContinues innovation in product, releasing 42 new product features NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the simplest scalable cloud, today announced results for its third quarter ended September 30, 2024.“We had a successful quarter, enabling us to raise our full year revenue guidance while still maintaining full year free cash flow margin guidance,” said Paddy Srinivasan, CEO of DigitalOcean. “We continued to accelerate innovation, releasing 42 new product features across our core Cloud and AI platforms in Q3, that directly meet the needs of our larger customers. We made solid progress towards our objective of democratizing access to AI infrastructure and becoming a software-centric AI platform for growing digital-native companies.”Third Quarter 2024 Financial Highlights:Revenue was $198
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News
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- The Future of Cloud Operations with emma at AWS re:Invent 2024 [Yahoo! Finance]Yahoo! Finance
DOCN
Earnings
- 11/4/24 - Beat
DOCN
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 144
- 11/18/24 - Form 144
- DOCN's page on the SEC website