NASDAQ$DDOG
Datadog Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Datadog's Q3 2024 financial results were announced, revealing robust revenue growth and continued expansion of the customer base.
Datadog reported a 26% year-over-year increase in revenue, reaching $690 million in Q3 2024. The company's GAAP operating income was $20 million, and non-GAAP operating income was $173 million. Datadog continues to expand its platform and customer base, with a notable increase in customers with ARR of $100,000 or more.
- Revenue increased by 26% year-over-year, reaching $690 million.
- GAAP operating income stood at $20 million, with a 3% operating margin.
- Non-GAAP operating income was $173 million, resulting in a 25% operating margin.
- The number of customers with ARR of $100,000 or more grew by 12% year-over-year, totaling approximately 3,490.
Headline financials
Revenue & EPS history
Datadog · Revenue · Quarterly
$690M
Forward guidance
Datadog provided its outlook for the fourth quarter and full year 2024, anticipating continued revenue growth and strong non-GAAP operating income.
Tailwinds
- Fourth quarter revenue is expected to be between $709 million and $713 million.
- Fourth quarter non-GAAP operating income is projected to be between $163 million and $167 million.
- Fourth quarter non-GAAP net income per share is estimated to be between $0.42 and $0.44, assuming approximately 361 million weighted average diluted shares outstanding.
- Full year 2024 revenue is anticipated to be between $2.656 billion and $2.660 billion.
- Full year 2024 non-GAAP operating income is expected to be between $658 million and $662 million.
Headwinds
- Uncertainty regarding reconciling items such as stock-based compensation.
- Uncertainty regarding employer payroll taxes on equity incentive plans.
- Potential variability of reconciling items.
- These factors could be material to Datadog’s results computed in accordance with GAAP.
- The estimated long-term projected tax rate is subject to change for a variety of reasons.
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 Q3 2024
+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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