Datadog (DDOG) Revenue — Quarter Ended Mar 31, 2023
Revenue increased in the quarter, reflecting continued growth from the prior period. The year-over-year comparison also showed an increase, though the rate of growth moderated from the prior quarter.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased in the quarter, reflecting continued growth from the prior period. The year-over-year comparison also showed an increase, though the rate of growth moderated from the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$481.7M
Revenue reported for this quarter.
Quarter-over-quarter
+2.6%
Change from the immediately preceding quarter.
Year-over-year
+32.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $406.1M | +73.9% |
| Sep 30, 2022 | $436.5M | +61.4% |
| Dec 31, 2022 | $469.4M | +43.9% |
| Mar 31, 2023 | $481.7M | +32.7% |
Revenue performance
The reported revenue direction was upward, continuing the positive trend seen in the previous quarter.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose at a slower pace. Versus the same quarter one year earlier, revenue also increased, with a lower growth rate than the prior sequential quarter.
What to watch
Management noted that macroeconomic uncertainty has contributed to slower usage growth from some existing customers in recent quarters.