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Datadog Beats Q3 Estimates and Lifts Outlook as Shares Jump 23%

The observability company posted accelerating growth with December‑quarter revenue guidance above consensus.

Overview

  • Datadog reported Q3 adjusted earnings of 55 cents per share versus Wall Street’s 45‑cent estimate.
  • Revenue rose 28% to $886 million, topping the roughly $854 million consensus.
  • Billings climbed 30% to $893 million, exceeding expectations for slower growth.
  • Management guided December‑quarter revenue to $914 million at the midpoint, above the $889 million Street view.
  • The stock jumped about 23% in early trading to $190.76, marking its highest level since early 2022.