Summary by Moomoo AI
Datadog delivered strong Q3 2024 results with revenue growing 26% YoY to $690 million. The company reported GAAP operating income of $20 million with a 3% margin, while non-GAAP operating income reached $173 million with a 25% margin. Operating cash flow was $229 million with free cash flow of $204 million.The company expanded its large customer base to approximately 3,490 customers with ARR of $100,000 or more, up 12% from 3,130 in Q3 2023. Datadog strengthened its market position by being named a Leader in both the 2024 Gartner Magic Quadrant for Digital Experience Monitoring and Observability Platforms.For Q4 2024, Datadog expects revenue between $709-713 million and non-GAAP operating income of $163-167 million. The full-year 2024 outlook projects revenue of $2.656-2.660 billion with non-GAAP operating income between $658-662 million.
