DigitalOcean(DOCN) - 2024 Q1 - Quarterly Results

Exhibit 99.1 DigitalOcean Announces First Ouarter 2024 Financial Results Revenue Growth Increases to 12% on Improving Core Cloud Performance and Robust Al Platform Demand Strong Profitability with Net Income Margin of 8% and Adjusted EBITDA Margin of 40% NEW YORK, May 10, 2024 – DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing technology businesses, today announced results for its first quarter ended March 31, 2024. "The first quarter was a strong start to the ...