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Dorman(DORM) - 2025 Q1 - Earnings Call Transcript
2025-05-06 12:00
Dorman Products (DORM) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Speaker0 Good morning, and thank you for standing by. Welcome to the Doorman Products First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. Please note that this conference is being recorded. I'd now like to turn the conference over to Alex Whitelam, Vice President of Investor Relations. Thank you, sir. Please ...
DoorDash(DASH) - 2025 Q1 - Earnings Call Transcript
2025-05-06 12:00
DoorDash (DASH) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Company Participants Weston Twigg - Finance and Investor RelationsShweta Khajuria - Managing DirectorTony Xu - Co-Founder, Chair and CEORavi Inukonda - Chief Financial OfficerYoussef Squali - MD & Head of Internet and Digital Media Research GroupAndrew Boone - Managing DirectorMark Mahaney - Senior Managing DirectorBrian Nowak - Managing Director Ron Josey - Managing Director Conference Call Participants Deepak Mathivanan - Senior Equity Researc ...
DoorDash(DASH) - 2025 Q1 - Earnings Call Transcript
2025-05-06 12:00
DoorDash (DASH) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Speaker0 Hello, and welcome to the DoorDash Q1 twenty twenty five Earnings Conference Call. I would now like to turn the call over to Wes Twigg, Investor Relations. Mr. Twigg, the floor is yours. Speaker1 All right. Thanks, Dustin. Good afternoon, everyone, and thanks for joining us for our Q1 twenty twenty five earnings call. I'm very pleased to be joined today by Co Founder, Chair and CEO, Tony Hsu and CFO, Ravi Unukonda. We'll be making forwa ...
DigitalOcean(DOCN) - 2025 Q1 - Earnings Call Transcript
2025-05-06 12:00
Financial Data and Key Metrics Changes - Revenue growth increased by 14% year over year to $211 million in Q1 2025, with annual run rate revenue (ARR) reaching $843 million [6][31] - Net dollar retention rate improved to 100%, marking the first improvement since Q2 2023 [7][32] - Adjusted EBITDA was $86 million, reflecting a 16% year-over-year increase, with an adjusted EBITDA margin of 41% [33] - Non-GAAP diluted net income per share increased by 30% year over year to $0.56, while GAAP diluted net income per share rose by 160% to $0.39 [34] Business Line Data and Key Metrics Changes - Revenue from customers with an annual run rate of over $100,000 grew by 41% year over year, representing 23% of total revenue [7][31] - The number of higher spending customers increased by 27% year over year, with average revenue per user (ARPU) growing by 14% [8][32] Market Data and Key Metrics Changes - The company reported a significant increase in AI-related annual recurring revenue (ARR), growing over 160% year over year [6][31] - The new Atlanta data center is expected to enhance capacity for AI workloads, supporting larger and more complex customer needs [9][40] Company Strategy and Development Direction - The company aims to scale with digital native enterprise customers and democratize access to AI for startups and existing customers [5][28] - A focus on product innovation led to over 50 new product releases in Q1, significantly enhancing the platform's capabilities [10][11] - The company is exploring additional funding strategies to support growth while maintaining free cash flow [10][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year guidance despite economic uncertainties, citing strong visibility into customer usage trends [61][46] - The company is observing a shift towards larger, multi-year contracts, particularly in AI inferencing and core cloud services [64][66] Other Important Information - The company has initiated a new secured five-year credit facility agreement of $800 million to refinance existing convertible notes [26][44] - The Atlanta data center is part of a long-term strategy to optimize data center operations and improve gross margins [9][40] Q&A Session Summary Question: When is the GenAI platform expected to be generally available? - The GenAI platform is expected to go live by the end of Q2 or beginning of Q3, with ongoing enhancements being added during the beta phase [51] Question: What changes are being observed in customer buying behavior amid macroeconomic uncertainty? - Management noted solid evidence of growth among digital native enterprises, with cautiousness observed in specific sectors like ad tech [58][60] Question: Can you elaborate on the $20 million multi-year deal and the potential for similar deals? - The company is seeing increased confidence from customers to commit to larger workloads, supported by new functionalities that facilitate staged migrations [64][66] Question: How is the company planning for CapEx investments in light of increasing capacity needs? - The company is comfortable with its current CapEx estimates and is considering additional financing tools to accommodate larger growth opportunities [70][72]
DigitalOcean(DOCN) - 2025 Q1 - Earnings Call Transcript
2025-05-06 12:00
Financial Data and Key Metrics Changes - Revenue growth increased by 14% year over year to $211 million in Q1 2025, with annual run rate revenue (ARR) reaching $843 million [5][27] - Net dollar retention rate (NDR) improved to 100%, marking the first improvement since Q2 2023 [5][28] - Gross margin for Q1 was 61%, a 200 basis point increase from the prior year, driven by cost optimization [6][29] - Adjusted EBITDA was $86 million, reflecting a 16% year-over-year increase, with an adjusted EBITDA margin of 41% [29] Business Line Data and Key Metrics Changes - Revenue from customers with an annual run rate of over $100,000 grew by 41% year over year, representing 23% of total revenue [5][27] - Customer count in this segment increased by 27% year over year, with an 11% increase in average spend [6][27] - Overall revenue from higher spending customers grew 16% year over year, making up 88% of total revenue [6] Market Data and Key Metrics Changes - The company is focusing on digital native enterprises, which are driving significant growth in cloud services [5][28] - The demand for AI inferencing workloads is increasing, with the company closing a $20 million multiyear inferencing commitment early in Q2 [7][8] Company Strategy and Development Direction - The company aims to scale with digital native enterprise customers and democratize access to AI for startups and existing customers [5][24] - A significant focus is on product innovation, with over 50 new products and features released in Q1, five times more than the previous year [8][9] - The company is exploring additional funding strategies to support growth while maintaining strong free cash flow [8][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year guidance despite economic uncertainties, citing strong visibility into customer usage trends [56][41] - The company is observing a cautious approach from some sectors, such as ad tech, but overall customer demand remains robust [56][54] - The management is optimistic about the growth potential from larger digital native enterprises and AI workloads [36][70] Other Important Information - The company has entered into a new secured five-year credit facility agreement of $800 million to refinance existing convertible notes [23][39] - The Atlanta data center is expected to enhance capacity for AI workloads and improve long-term gross margin profiles [7][36] Q&A Session Summary Question: When is the GenAI platform expected to be generally available? - The GenAI platform is expected to go live by the end of Q2 or beginning of Q3, with positive feedback from customers during the beta phase [46][47] Question: What changes are being observed in customer buying behavior amid macroeconomic uncertainty? - The company is seeing robust growth among digital native enterprises, with no significant concentration in any verticals or geographies [54][56] Question: Can you discuss the $20 million multiyear deal and the potential for more similar deals? - The company is having productive conversations with customers for multiyear commitments, supported by recent product enhancements and a more mature go-to-market strategy [58][60] Question: How is the company planning CapEx investments for the year? - The company is comfortable with its capital expenditure estimates for the year, focusing on driving revenue growth while maintaining strong free cash flow margins [65][66]
Datadog(DDOG) - 2025 Q1 - Earnings Call Transcript
2025-05-06 12:00
Datadog (DDOG) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Company Participants Yuka Broderick - Vice President of Investor Relations & Strategic FinanceOlivier Pomel - Co-Founder and CEODavid Obstler - CFOMark Murphy - Executive DirectorSanjit Singh - Executive DirectorRaimo Lenschow - Managing DirectorKash Rangan - Managing DirectorGregg Moskowitz - Managing Director, Enterprise softwareBrent Thill - Tech Sector Leader, Software/Internet ResearchKirk Materne - Senior Managing Director - Equity Research ...
Datadog(DDOG) - 2025 Q1 - Earnings Call Transcript
2025-05-06 12:00
Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $762 million, representing a 25% year-over-year increase and exceeding the high end of guidance [6][27] - The company generated free cash flow of $244 million, with a free cash flow margin of 32% [7][36] - Gross profit was $612 million, with a gross margin of 80.3%, down from 81.7% in the previous quarter and 83.3% year-over-year [33] Business Line Data and Key Metrics Changes - The number of customers increased to approximately 30,500, up from about 28,000 a year ago [6] - 3,770 customers had an ARR of $100,000 or more, up from 3,340 a year ago, contributing to 88% of total ARR [6][27] - FlexLogs product exceeded $50 million in ARR, achieving this milestone in six quarters, marking the fastest ramp [8] - Database monitoring product is approaching $50 million in ARR, growing 60% year-over-year [9] Market Data and Key Metrics Changes - AI native customers represented about 8.5% of Q1 ARR, up from 6% last quarter and 3.5% a year ago [27] - Dollar bookings for new logos increased over 70% year-over-year, with 11 deals signed with a TCV of $10 million or more, up from one in the year-ago quarter [11][12] Company Strategy and Development Direction - The company continues to focus on digital transformation and cloud migration as long-term growth drivers [26] - Investments are being made in AI observability and analysis, with over 4,000 customers using Datadog AI integrations, doubling year-over-year [12][13] - Recent acquisitions include EPO and MetaPlan, aimed at enhancing product offerings in feature management and data observability [17][18] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the impact of global economic conditions but remains optimistic about long-term market opportunities [26] - The company expects revenue for Q2 2025 to be in the range of $787 million to $791 million, representing 22% to 23% year-over-year growth [37] - For fiscal year 2025, total revenue is expected to be in the range of $3.215 billion to $3.235 billion, indicating a growth rate of 20% to 21% [38] Other Important Information - The company plans to host its DASH user conference in June, which is expected to cost about $13 million [37] - The remaining principal of the $20.25 convertible notes will mature in June, with expectations to redeem mainly in cash [40] Q&A Session Summary Question: Comment on the opportunity for Datadog with AI writing code - Management sees a shift in value from writing code to observing and understanding it in production environments, emphasizing the need for monitoring [43][46] Question: What attributes the strong booking strength despite economic uncertainty? - The strong pipeline and increased investments in go-to-market strategies contributed to the booking strength, with healthy sales cycles [47][49] Question: What are the trend lines on cloud migration? - Cloud migration trends remain steady, with consistent customer desire to move to the cloud as a prerequisite for adopting AI [54][56] Question: Discuss the expansion opportunities in data observability - Management views data observability as a significant opportunity, especially with the acquisition of MetaPlan, which enhances their capabilities [57][59] Question: Insights on AI native cohort and renewal trends - The AI native cohort is growing, but there is a concentration risk with larger customers, which management is monitoring closely [81][84] Question: How is productivity tracking with increased investments in sales and marketing? - Productivity from new sales reps is tracking well, with similar productivity levels compared to existing reps [92][94]
Cipher Mining (CIFR) - 2025 Q1 - Earnings Call Transcript
2025-05-06 12:00
Cipher Mining (CIFR) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Speaker0 Good day and thank you for standing by. Welcome to the Cipher Mining First Quarter twenty twenty five Business Update Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Courtney Knight, Head of Investor ...
Celsius(CELH) - 2025 Q1 - Earnings Call Transcript
2025-05-06 12:00
Celsius (CELH) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Speaker0 Good morning, ladies and gentlemen, and welcome to the Celsius Holdings First Quarter twenty twenty five Earnings Conference Call. At this time, all lines are in listen mode only. Following the presentation and the prepared remarks, we will be conducting a question and answer session. Thank you. I'd now like to hand the call over to Paul Wiseman, Investor Relations. Please go ahead. Speaker1 Good morning, and thank you for joining Celsiu ...
CCC Intelligent Solutions (CCCS) - 2025 Q1 - Earnings Call Transcript
2025-05-06 12:00
CCC Intelligent Solutions Holdings (CCCS) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Speaker0 Good day, and thank you for standing by. Welcome to the CCC Intelligent Solutions First Quarter Fiscal twenty twenty five Earnings Call. At this time, all participants are in listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand ...