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DigitalOcean Announces Fourth Quarter and Fiscal Year 2024 Financial Results

1. DOCN reported 13% revenue growth and quadrupled Q4 product releases. 2. DOCN reached 99% net retention, indicating strong momentum into 2025.

Earnings
+16.14%Current Return
VS
-0.85%S&P 500
$37.1702/25 07:21 AM EDTEvent Start
$43.1702/26 02:09 PM EDTLatest Updated
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FAQ

Why Bullish?

The strong Q4 results including revenue growth, robust free cash flow margin, and significant product expansion suggest improved investor sentiment. Historically, similar positive earnings news has led to favorable stock reactions.

How important is it?

This report highlights key performance metrics and product innovation that are crucial to DOCN's valuation and can significantly influence investor sentiment.

Why Short Term?

Earnings announcements typically cause immediate price adjustments; strong quarterly metrics can drive short-term trading momentum, as seen in past tech earnings reports.

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NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the simplest scalable cloud for growing tech companies, today announced results for its fourth quarter and fiscal year ended December 31, 2024. "We are entering 2025 with increasing momentum - in Q4 alone, we released more than four times as many products and features than we did in Q4 of the prior year, increased net dollar retention to 99%, grew revenue 13% year-over-year and delivered 18% adjusted free cash flow margin,” sa.

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