Datadog (DDOG) Revenue — Quarter Ended Dec 31, 2023
Revenue increased for the quarter. The growth rate moderated compared to both the prior quarter and the same quarter a year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue increased for the quarter. The growth rate moderated compared to both the prior quarter and the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$589.6M
Revenue reported for this quarter.
Quarter-over-quarter
+7.7%
Change from the immediately preceding quarter.
Year-over-year
+25.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.1B
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 |
|---|---|---|
| Mar 31, 2023 | $481.7M | +32.7% |
| Jun 30, 2023 | $509.5M | +25.4% |
| Sep 30, 2023 | $547.5M | +25.4% |
| Dec 31, 2023 | $589.6M | +25.6% |
Revenue performance
Revenue rose sequentially and also increased compared to the same quarter a year ago. However, the rate of growth on both comparisons was lower than in previous periods.
Quarterly comparison
Sequential revenue growth was slower than in the immediately preceding quarter. The year-over-year growth also moderated relative to the prior quarter's year-over-year increase.
What to watch
The filing notes that macroeconomic uncertainty has led to slower usage growth from existing customers in recent quarters.