NASDAQ$DDOG
Datadog Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Datadog's Q1 2023 financial performance was marked by revenue growth, customer acquisition, and multi-product adoption.
Datadog announced its Q1 2023 financial results, with a 33% year-over-year revenue increase to $482 million. The company also saw strong growth in larger customers and launched Data Streams Monitoring and Application Vulnerability Management.
- Revenue was $481.7 million, an increase of 33% year-over-year.
- GAAP operating loss was $(35.0) million; GAAP operating margin was (7)%.
- Non-GAAP operating income was $86.4 million; non-GAAP operating margin was 18%.
- As of March 31, 2023, Datadog had about 2,910 customers with ARR of $100,000 or more, an increase of 29% from about 2,250 as of March 31, 2022.
Headline financials
Revenue & EPS history
Datadog · Revenue · Quarterly
$482M
Forward guidance
Datadog is providing the following guidance: Revenue between $498 million and $502 million, Non-GAAP operating income between $82 million and $86 million and Non-GAAP net income per share between $0.27 and $0.29, assuming approximately 349 million weighted average diluted shares outstanding.
Tailwinds
- Revenue between $498 million and $502 million.
- Non-GAAP operating income between $82 million and $86 million.
- Non-GAAP net income per share between $0.27 and $0.29
- Assuming approximately 349 million weighted average diluted shares outstanding.
- Revenue between $2.08 billion and $2.10 billion for full year 2023.
Headwinds
- Non-GAAP operating income between $340 million and $360 million for full year 2023.
- Non-GAAP net income per share between $1.13 and $1.20 for full year 2023.
- Datadog has not reconciled its expectations as to non-GAAP operating income.
- Datadog has not reconciled its expectations as to non-GAAP net income per share, to their most directly comparable GAAP measure as a result of uncertainty regarding, and the potential variability of, reconciling items such as stock-based compensation and employer payroll taxes on equity incentive plans.
- Reconciliation is not available without unreasonable effort, although it is important to note that these factors could be material to Datadog’s results computed in accordance with GAAP.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+4.3%
Avg return
Earnings day
+5.1%
Avg return
5 days after
+5.0%
Avg return
30 days after
59%
19 / 32 earnings
Positive
+33.1%
Q1 2020
Best reaction
-20.2%
Q2 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.9% | +38.1% | +62.9% | |
| Q4 2025 | +13.7% | +9.8% | +11.5% | |
| Q3 2025 | +23.1% | +27.7% | -2.3% | |
| Q2 2025 | -4.0% | -5.6% | -0.2% | |
| Q1 2025 | +0.3% | +2.1% | +15.2% | |
| Q4 2024 | -8.2% | -11.8% | -31.3% | |
| Q3 2024 | -3.0% | -3.8% | +31.4% | |
| Q2 2024 | +3.9% | +5.9% | -0.8% | |
| Q1 2024 | -7.6% | -6.3% | -13.7% | |
| Q4 2023 | +1.0% | -3.8% | -9.0% | |
| Q3 2023 | +25.7% | +30.3% | +44.6% | |
| Q2 2023 | -18.4% | -15.9% | -9.0% | |
| Q1 2023 | +16.3% | +20.9% | +50.0% | |
| Q4 2022 | -9.8% | -11.5% | -22.7% | |
| Q3 2022 | -5.5% | -5.4% | +0.3% | |
| Q2 2022 | +0.8% | -2.4% | -13.8% | |
| Q1 2022 | -7.6% | -17.4% | -11.4% | |
| Q4 2021 | +7.7% | +8.7% | -18.3% | |
| Q3 2021 | +14.0% | +20.7% | +0.9% | |
| Q2 2021 | +14.8% | +9.0% | +20.1% | |
| Q1 2021 | +0.7% | +2.4% | +15.3% | |
| Q4 2020 | -2.3% | -6.9% | -28.2% | |
| Q3 2020 | -8.5% | -9.6% | +7.0% | |
| Q2 2019 | +0.5% | +7.9% | +8.9% | |
| Q2 2020 | -20.2% | -19.8% | -15.6% | |
| Q1 2019 | +25.7% | +20.6% | +36.6% | |
| Q1 2020 | +33.1% | +29.8% | +51.3% | |
| Q4 2017 | -2.3% | +0.4% | -23.7% | |
| Q4 2019 | -6.0% | -5.9% | -29.5% | |
| Q3 2018 | +20.3% | +17.2% | +12.8% | |
| Q4 2018 | +20.3% | +17.2% | +12.8% | |
| Q3 2019 | +19.8% | +21.1% | +6.5% | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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