NYSE$PD
PagerDuty Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
PagerDuty's Q3 2023 earnings exceeded expectations with revenue up 31% year-over-year and achieving profitability ahead of schedule.
PagerDuty announced strong Q3 fiscal 2023 results, with revenue increasing 31% year-over-year to $94.2 million. The company achieved non-GAAP profitability a quarter ahead of expectations, with a non-GAAP operating margin of 3.2%. PagerDuty finished the quarter with 15,265 total paid customers and a net retention rate of 123%.
- Revenue was $94.2 million, an increase of 31.3% year over year.
- GAAP operating loss was $32.5 million; GAAP operating margin of negative 34.5%.
- Non-GAAP operating income was $3.0 million; non-GAAP operating margin of 3.2%.
- The company reported 710 customers with annual recurring revenue over $100,000.
Headline financials
Revenue & EPS history
PagerDuty · Revenue · Quarterly
$94.2M
Forward guidance
For the fourth quarter of fiscal 2023, PagerDuty expects total revenue of $98.0 million - $100.0 million, representing a growth rate of 25% - 27% year over year, and non-GAAP net income per diluted share of $0.02 - $0.03.
Tailwinds
- Total revenue of $98.0 million - $100.0 million, representing a growth rate of 25% - 27% year over year
- Non-GAAP net income per diluted share attributable to PagerDuty, Inc. of $0.02 - $0.03
- Assuming approximately 102 million diluted shares
- Full fiscal year 2023 revenue of $368.0 million - $370.0 million, representing a growth rate of 31% - 31% year over year
- Non-GAAP net loss per share attributable to PagerDuty, Inc. of $0.01 - $0.00
Headwinds
- Actual results may differ materially
- Expectations as to non-GAAP net income (loss) per share attributable to PagerDuty, Inc. to GAAP net loss per share attributable to PagerDuty, Inc. because certain items are out of its control or cannot be reasonably predicted.
- A reconciliation for forward-looking non-GAAP net income (loss) per share attributable to PagerDuty, Inc. is not available without unreasonable effort.
- Effect of uncertainties related to the COVID-19 pandemic on U.S. and global markets
- General global market, political, economic, and business conditions
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2023
+0.1%
Avg return
Earnings day
+0.6%
Avg return
5 days after
-0.1%
Avg return
30 days after
45%
13 / 29 earnings
Positive
+34.1%
Q1 2027
Best reaction
-29.1%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | +34.1% | +25.3% | — | |
| Q4 2026 | -3.0% | -4.1% | -21.2% | |
| Q3 2026 | -23.5% | -22.1% | -13.3% | |
| Q2 2026 | +6.2% | +6.7% | +2.8% | |
| Q1 2026 | -11.3% | -5.6% | -5.4% | |
| Q4 2025 | +17.7% | +20.7% | -0.9% | |
| Q3 2025 | +1.7% | +2.9% | -11.3% | |
| Q2 2025 | -8.6% | -10.1% | -10.9% | |
| Q1 2025 | -2.4% | -0.4% | +18.0% | |
| Q4 2024 | -9.1% | -5.3% | -5.4% | |
| Q3 2024 | -1.2% | -1.3% | +5.2% | |
| Q2 2024 | -7.3% | -6.6% | -12.3% | |
| Q1 2024 | -15.5% | -15.8% | -17.4% | |
| Q4 2023 | +14.7% | +12.3% | +19.4% | |
| Q3 2023 | +6.4% | +0.3% | +19.4% | |
| Q2 2023 | -9.7% | -11.4% | -11.4% | |
| Q1 2023 | +2.4% | +9.8% | +0.1% | |
| Q4 2022 | +30.9% | +41.4% | +31.6% | |
| Q3 2022 | +17.9% | +9.1% | +0.1% | |
| Q2 2022 | +8.2% | +7.5% | -3.4% | |
| Q1 2022 | -15.9% | -7.4% | +0.4% | |
| Q4 2021 | -8.3% | +3.0% | +3.2% | |
| Q3 2021 | +19.1% | +19.7% | +21.6% | |
| Q2 2021 | -29.1% | -31.4% | -24.6% | |
| Q1 2021 | -7.2% | -5.6% | +6.0% | |
| Q4 2020 | +23.4% | +19.1% | +40.0% | |
| Q3 2020 | -15.0% | -12.1% | -5.0% | |
| Q2 2020 | -14.6% | -27.8% | -27.2% | |
| Q1 2020 | +2.8% | +5.6% | +0.2% | |
| Q4 2019 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — |
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