Digitalocean Holdings, Inc. ( (DOCN) ) has released its Q4 earnings. Here is a breakdown of the information Digitalocean Holdings, Inc. presented to its investors.
DigitalOcean Holdings, Inc. is a cloud computing company that provides scalable cloud solutions primarily for tech companies, focusing on simplifying cloud and AI infrastructure. In its latest earnings report, DigitalOcean announced a revenue increase of 13% year-over-year, reaching $205 million for Q4 2024 and $781 million for the full year. The company also reported a significant net income growth of 335% year-over-year, achieving $84 million for 2024. Key financial metrics highlighted include a gross profit margin of 62% for Q4 and an adjusted EBITDA margin of 42% for both the quarter and the year. DigitalOcean’s strategic focus on higher spend customers and AI initiatives has driven substantial revenue growth among its top customers, with a 37% increase year-over-year. The company also introduced numerous new products and features, including its GenAI Platform and Cloudways Copilot, aimed at enhancing its cloud offerings. Looking ahead, DigitalOcean projects continued revenue growth for 2025, with expectations set between $870 to $890 million, and maintains a positive outlook on its adjusted EBITDA margin and free cash flow margin.