Cloudflare (NET) stock tumbles as unchanged outlook overshadows Q1 beat

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Go back to Cloudflare (NET) stock tumbles as unchanged outlook overshadows Q1 beat

Cloudflare Announces First Quarter 2024 Financial Results

May 2, 2024 4:15 PM EDT

First quarter revenue totaled $378.6 million, representing an increase of 30% year-over-year GAAP loss from operations of $54.6 million, or 14% of revenue, and non-GAAP income from operations of $42.4 million, or 11% of revenue Operating cash flow of $73.6 million, or 19% of revenue, and free cash flow of $35.6 million, or 9% of revenue

SAN FRANCISCO--(BUSINESS WIRE)-- Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced financial results for its first quarter ended March 31, 2024.

The first quarter marked a strong start to the year, as we grew revenue 30% year-over-year... More