Press release
Datadog Announces Fourth Quarter and Fiscal Year 2022 Financial Results
Fourth quarter revenue grew 44% year-over-year to $469 million Strong growth of larger customers, with 317 $1 million+ ARR customers, up from 216 a year ago
About this update from Datadog, Inc.
[{"type":"text","content":"Fourth quarter revenue grew 44% year-over-year to $469 million\nStrong growth of larger customers, with 317 $1 million+ ARR customers, up from 216 a year ago\nLaunched Universal Service Monitoring\nNEW YORK, Feb. 16, 2023 /PRNewswire/ -- Datadog, Inc. (NASDAQ:DDOG), the observability and security platform for cloud applications, today announced financial results for its fourth quarter and fiscal year ended December 31, 2022.\n\n \n \n \n \n \n \n\n \n\"We are pleased with our fourth quarter performance, as we delivered more value to more customers across our broadening platform, while driving strong profitability and cash generation,\" said Olivier Pomel, co-founder and CEO of Datadog. \"We are proud of our strong execution in fiscal year 2022, with 63% year-over-year revenue growth, $418 million in operating cash flow, and $354 million in free cash flow.\"\nPomel added, \"In a time when efficiency, cost savings, and agility are more important than ever for our customers, we are excited to deliver even more innovations and business value to our customers in 2023.\"\nFourth Quarter 2022 Financial Highlights:\nRevenue was $469.4 million, an increase of 44% year-over-year.GAAP operating loss was $(34.6) million; GAAP operating margin was (7)%.Non-GAAP operating income was $83.1 million; non-GAAP operating margin was 18%.GAAP net loss per diluted share was $(0.09); non-GAAP net income per diluted share was $0.26.Operating cash flow was $114.4 million, with free cash flow of $96.4 million.Cash, cash equivalents, restricted cash, and marketable securities were $1.9 billion as of December 31, 2022.Fiscal Year 2022 Financial Highlights:\nRevenue was $1.68 billion, an increase of 63% year-over-year.GAAP operating loss was $(58.7) million; GAAP operating margin was (4)%.Non-GAAP operating income was $326.3 million; non-GAAP operating margin was 19%.GAAP net loss per diluted share was $(0.16); non-GAAP net income per diluted share was $0.98.Operating cash flow was $418.4 million, with free cash flow of $353.5 million.Fourth Quarter & Recent Business Highlights:\nAs of December 31, 2022, we had 317 customers with ARR of $1 million or more, an increase of 47% from 216 as of December 31, 2021. As of December 31, 2022, we had about 2,780 customers with ARR of $100,000 or more, an increase of 38% from 2,010 as of December 31, 2021.Datadog was n...