Core Points - Cloudflare experienced a significant issue with its dashboard and related applications, leading to global website outages and a subsequent 4.5% drop in its shares during premarket trading [1][2] - The company quickly issued a fix for the problem and is monitoring the situation for results, which helped to reduce some of the initial losses in its stock price [2] - This incident follows a previous outage less than three weeks prior, which also resulted in widespread error messages across the internet [2]

DePIN Infrastructure - DePIN 可以构建关键的互联网、能源和地理空间基础设施，在这些领域可能没有其他替代方案 [1] Investment & Opportunities - 投资者对 DePIN 的机会感到兴奋 [1] - DePIN Summit Africa 旨在发掘未来的机遇与挑战 [1] Participants - Messari 与 Volt Capital 和 ZeePrime Capital 的投资者共同探讨 DePIN [1]

Business Performance - The domain name base reached 171.9 million at the end of Q3 2025, representing a year-over-year increase of 1.4%[11] - New .com/.net name registrations totaled 10.6 million in Q3 2025, a 14.3% increase compared to 9.3 million in Q3 2024[16] - The preliminary renewal rate was 75.3% compared to 75.5% in Q2 2025 and 72.2% in Q3 2024[16] - Q4 expiring names are projected to be 36.2 million versus 36.5 million in Q4 2024[16] Financial Highlights - Revenue for the quarter was $419 million, a 7.3% year-over-year increase[23] - Operating income was $284 million, a 5.6% year-over-year increase[23] - Earnings per share reached $2.27[23] - Free cash flow was $303 million for the quarter[20] - Share repurchases amounted to $215 million, representing 0.8 million shares[20] - Dividends paid totaled $72 million[20] Guidance - The company updated its full-year 2025 domain base growth guidance to +2.2% to +2.5% from a prior +1.2% to +2.0%[24] - The company updated its full-year 2025 revenue guidance to $1.652 billion to $1.657 billion from a prior $1.645 billion to $1.655 billion[24] - The company updated its full-year 2025 operating income guidance to $1.119 billion to $1.124 billion from a prior $1.117 billion to $1.127 billion[24]