CompetitionPagerDuty faces increasing competition, particularly from Datadog's new competing product, which could attract lower-tier SMB customers.
Revenue GrowthCore incident response revenue for PagerDuty is slowing, with demand remaining soft despite a stable infrastructure software industry.
Unit EconomicsExpanding into non-core products like AI Ops and Customer Service Ops is dilutive to unit economics and poses execution risk for PagerDuty.