Press release
Datadog Announces Third Quarter 2021 Financial Results
Third quarter revenue grew 75% year-over-year to $270 million Strong growth of larger customers, with 1,800 $100k+ ARR customers, up from 1,082 a year ago
About this update from Datadog, Inc.
[{"type":"text","content":"Third quarter revenue grew 75% year-over-year to $270 million\n Strong growth of larger customers, with 1,800 $100k+ ARR customers, up from 1,082 a year ago\n Announced ten new products and features at Dash\n\n\nNEW YORK, Nov. 4, 2021 /PRNewswire/ -- Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications, today announced financial results for its third quarter ended September 30, 2021.\n\n \n \n \n \n \n \n\n \n\"We are pleased with our third quarter performance, with revenue growth accelerating to 75% year-over-year. We saw broad-based strength across customer segments and products,\" said Olivier Pomel, co-founder and CEO of Datadog. \"Digital transformation and cloud migration continue to be transformational forces for companies of all sizes.\"\nPomel added, \"With ten new products and major features announced at our annual user conference, Dash, we are continuing to innovate at a rapid pace. We are broadening our observability platform, further developing our Cloud Security Platform, and launching the general availability of CI Visibility, which represents a major step towards shift-left observability for developer workflows.\"\nThird Quarter 2021 Financial Highlights:\nRevenue was $270.5 million, an increase of 75% year-over-year. GAAP operating loss was $(4.9) million; GAAP operating margin was (2)%. Non-GAAP operating income was $44.0 million; non-GAAP operating margin was 16%. GAAP net loss per diluted share was $(0.02); non-GAAP net income per diluted share was $0.13. Operating cash flow was $67.4 million, with free cash flow of $57.1 million. Cash, cash equivalents, restricted cash, and marketable securities were $1.5 billion as of September 30, 2021.Third Quarter & Recent Business Highlights:\nAs of September 30, 2021, we had 1,800 customers with ARR of $100,000 or more, an increase of 66% from 1,082 as of September 30, 2020. Announced ten new products and features at our annual user conference, Dash. Product announcements included: The general availability of CI Visibility, to help customers gain visibility into their developer tests and pipelines. The general availability of Session Replay, a new product in our Real User Monitoring suite, through which customers can watch individual user sessions using a video-like interface. The general availability of Funnel Analysis, to track us...