Revenue: $268.3 million vs analyst estimates of $252.5 million (6.3% beat) EPS: -$0.09 vs analyst expectations of -$0.06 (44.6% miss)
DigitalOcean (NYSE:DOCN) stock rose 10% in premarket trading on Thursday after the cloud computing company posted a narrower loss than expected in the third quarter and beat revenue estimates.
Here's a quick summary of other key metrics from the report, compared with Wall Street expectations:
MetricActualExpectedVarianceRevenue$268.3 million$252.5 million6.3% beat
EPS loss$0.09$0.0644.6% miss
EBITDA$53.6 million$49.96 million7.3% beat
Highlights:
DigitalOcean now has 14,000 paying customers, up from 11,000 at the end of 2021.
Its revenue growth slowed down from 40% in the second quarter, but still remained strong.
The company's net loss narrowed down to $20.1 million from a loss of $64.8 million last year.
DigitalOcean also raised its revenue and EBITDA guidance for the full year.
Now checkout our full research report on DigitalOcean for a deeper analysis of the results, and key takeaways.
The above is the detailed content of Q3 2024 Earnings. For more information, please follow other related articles on the PHP Chinese website!

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