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Cloudflare Jumps on Q3 Beat and Raised 2025 Outlook

Upbeat Q4 guidance alongside a faster‑growing backlog signals accelerating demand.

Overview

  • Cloudflare posted Q3 EPS of $0.27 on revenue of $562.02 million, topping consensus estimates of $0.23 and $544.82 million.
  • Management guided Q4 revenue to $588.5 million to $589.5 million and increased full‑year 2025 guidance above prior Wall Street expectations.
  • Remaining performance obligations grew 43% year over year and current RPO rose 30%, indicating strong multi‑period customer commitments.
  • Shares rose by double digits following the report, with the stock topping 10% gains during trading after results were released.
  • Cloudflare said C. J. Desai will depart as president of product and engineering to become a CEO elsewhere, while highlighting AI‑related offerings such as secure links to OpenAI services and a new option to block AI crawlers.