Cloudflare reports Q4 adjusted EPS 19c, consensus 18c

Reports Q4 revenue $459.9M, consensus $452.12M. “We had a very strong end of 2024. We saw record growth in our largest customers, those that spend more than $1 million with Cloudflare (NET) per year-closing the year with 173. We added 55 of those customers in 2024, and more than half of these new additions came in during fourth quarter alone,” said Matthew Prince, co-founder & CEO of Cloudflare. “I’m proud of how our team continued to deliver ground-breaking innovation, especially in AI, and remained focused on delivering real ROI for customers. We drove the record results in the fourth quarter while ensuring we’re well-positioned to capture the demand we see lined up in 2025 to reaccelerate Cloudflare’s growth.”