DDOG•Datadog said third-quarter revenue rose 35% to $1.2 billion, above the top end of guidance. It forecast fourth-quarter revenue of $1.19 billion-$1.2 billion, assuming its largest customer spends only its minimum commitment.
Datadog’s third-quarter revenue rose 35% to $1.2 billion, exceeding the top end of guidance. Fourth-quarter revenue guidance is $1.19 billion-$1.2 billion and assumes the largest customer spends only its minimum commitment, compared with substantially higher spending previously.
Early renewals by large customers increased commitments but introduced volume discounts, creating short-term revenue headwinds. Revenue growth excluding AI customers accelerated for a fifth consecutive quarter to the high 20% range, roughly 1 percentage point above June.
