Datadog (DDOG) Revenue — Quarter Ended Sep 30, 2023
Revenue increased in the quarter, driven by higher customer spending and platform adoption. The growth rate moderated compared to the prior quarter but remained strong versus the same period last year.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased in the quarter, driven by higher customer spending and platform adoption. The growth rate moderated compared to the prior quarter but remained strong versus the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$547.5M
Revenue reported for this quarter.
Quarter-over-quarter
+7.5%
Change from the immediately preceding quarter.
Year-over-year
+25.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$2B
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 |
|---|---|---|
| Dec 31, 2022 | $469.4M | +43.9% |
| Mar 31, 2023 | $481.7M | +32.7% |
| Jun 30, 2023 | $509.5M | +25.4% |
| Sep 30, 2023 | $547.5M | +25.4% |
Revenue performance
Revenue rose sequentially, continuing the upward trend from the prior quarter. The year-over-year growth rate was solid, though down from the pace seen in earlier quarters.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was higher, reflecting a sequential increase. When measured against the same quarter one year earlier, revenue also showed a meaningful gain.
What to watch
The filing noted slower usage growth from existing customers in recent quarters, which may warrant monitoring for future revenue trends.