NYSE$PD
PagerDuty Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
PagerDuty's Q3 2024 financial results showed revenue growth and progress in key operational metrics.
PagerDuty reported a 15% year-over-year increase in revenue, reaching $108.7 million. The company's non-GAAP operating income was $15.0 million, resulting in a non-GAAP operating margin of 13.8%. PagerDuty also saw growth in annual recurring revenue and customers with ARR over $100,000.
- Revenue increased by 15.4% year-over-year to $108.7 million.
- GAAP operating loss was $20.8 million, with a GAAP operating margin of negative 19.2%.
- Non-GAAP operating income reached $15.0 million, resulting in a non-GAAP operating margin of 13.8%.
- Annual recurring revenue grew 13% year-over-year to $438.9 million.
Headline financials
Revenue & EPS history
PagerDuty · Revenue · Quarterly
$109M
Forward guidance
For the fourth quarter of fiscal 2024, PagerDuty expects total revenue of $109.5 million - $111.5 million, representing a growth rate of 8% - 10% year over year and Non-GAAP net income per diluted share attributable to PagerDuty, Inc. common stockholders of $0.14 - $0.15 assuming approximately 95 million diluted shares. For the full fiscal year 2024, PagerDuty expects total revenue of $429.0 million - $431.0 million, representing a growth rate of 16% year over year and Non-GAAP net income per diluted share attributable to PagerDuty, Inc. common stockholders of $0.72 - $0.73 assuming approximately 101 million diluted shares.
Tailwinds
- Expects total revenue of $109.5 million - $111.5 million for Q4 2024, representing a growth rate of 8% - 10% year over year
- Expects Non-GAAP net income per diluted share of $0.14 - $0.15 for Q4 2024, assuming approximately 95 million diluted shares.
- Expects total revenue of $429.0 million - $431.0 million for full fiscal year 2024, representing a growth rate of 16% year over year
- Expects Non-GAAP net income per diluted share of $0.72 - $0.73 for full fiscal year 2024, assuming approximately 101 million diluted shares.
- Guidance reflects continued growth and profitability.
Headwinds
- The provided guidance is forward-looking and actual results may differ materially.
- Guidance has not reconciled its expectations as to non-GAAP net income (loss) per share attributable to PagerDuty, Inc. common stockholders to GAAP net loss per share attributable to PagerDuty, Inc. common stockholders because certain items are out of its control or cannot be reasonably predicted.
- Unfavorable conditions in the industry or global economy could impact results.
- Inability to attract new customers and retain existing customers could impact results.
- Dependence on revenue from a single product poses a risk.
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 2024
+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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