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DigitalOcean Announces Fourth Quarter and Fiscal Year 2024 Financial Results

1. DOCN reports Q4 revenue growth and 4x more product releases than last year. 2. Achieved 99% net retention and 18% free cash flow margin, underscoring performance.

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FAQ

Why Bullish?

The robust Q4 update, characterized by accelerated product expansion, strong revenue growth, and high net retention, is consistent with past tech earnings drives that resulted in share price rallies. Historical patterns in cloud and tech sectors show such announcements can spur immediate investor enthusiasm.

How important is it?

As DOCN's primary quarterly performance announcement, these results directly influence investor perceptions and forecast future growth, making it highly impactful.

Why Long Term?

Structural improvements in product innovation and margin expansion suggest a sustainable competitive advantage, likely benefiting DOCN over an extended period rather than a transient spike.

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AMZNMSFT
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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