DigitalOcean (DOCN) Misses Q3 EPS by 17c

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Go back to DigitalOcean (DOCN) Misses Q3 EPS by 17c

DigitalOcean Announces Third Quarter 2023 Financial Results

November 2, 2023 4:04 PM EDT

Revenue grew 16% to $177 million

GAAP Net Income was $19 million and Adjusted EBITDA was $76 million

Year to Date Operating Cash Flow of $154 million and Adjusted Free Cash Flow of $127 million

NEW YORK--(BUSINESS WIRE)-- DigitalOcean Holdings, Inc. (NYSE: DOCN), the cloud for startups and SMBs, today announced results for its third quarter ended September 30, 2023.

We are encouraged by the stabilization we saw in our key revenue growth metrics in Q3, and we continued to both invest in our platform and drive... More