PagerDuty Inc · Q3 2022 earnings

Briefing

PagerDuty's Q3 2022 earnings showcased record revenue and year-over-year growth.

PagerDuty reported an outstanding third quarter with record revenue of $72 million, representing a 33% increase year-over-year. The company's growth was driven by product innovation and expansion across various use cases and departments. PagerDuty continues to focus on empowering enterprises to mature their digital operations and deliver superior customer experiences.

• Revenue reached $71.8 million, a 33.5% increase year-over-year.
• Total paid customers reached 14,486, compared to 13,725 in the prior year.
• Customers with ARR over $100,000 increased to 543, compared to 401 in the prior year.
• Dollar-based net retention rate was 124%, compared to 119% in the prior year.

Headline financials

Revenue & EPS history

For the fourth quarter of fiscal 2022, PagerDuty expects total revenue of $75.5 million - $76.5 million, representing a growth rate of 27% - 29% year over year, and non-GAAP net loss per share of $0.06 - $0.05 assuming approximately 86 million shares. For the full fiscal year 2022, PagerDuty expects total revenue of $278.5 million - $279.5 million, representing a growth rate of 30% - 31% year over year, and non-GAAP net loss per share of $0.34 - $0.33 assuming approximately 84 million shares.