Datadog said annual revenue was $2,128.4 million, up 27% from $1,675.1 million a year earlier, and that net income swung to a profit of $48.6 million from a loss of $(50.2) million in the prior year.

1. 01

   Datadog said annual revenue was $2,128.4 million, up 27% from $1,675.1 million a year earlier, and that net income swung to a profit of $48.6 million from a loss of $(50.2) million in the prior year.

2. 02

   Datadog said annual revenue rose by $453.3 million. It said about 65% of the increase came from existing customers and the remaining 35% from new customers.

3. 03

   Datadog said its trailing 12-month-month dollar-based net retention rate fell from the mid-mid-140%'s as of year-end 2022 to the mid-mid-110%'s as of year-end 2023. The company cited slower usage growth from existing customers as the main factor.

4. 04

   Datadog said operating cash flow was $660.0 million and free cash flow was $597.5 million for the year. It also said it had $330.3 million in cash, cash equivalents and restricted cash and $2,252.6 million in marketable securities as of year-end 2023.

Key figures

Fiscal year ended December 31, 2023

Revenue

$2.1B

Operating income

−$33M

Net income

$49M

EPS

$0.14

Gross profit

$1.7B

Operating cash flow

$660M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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