DigitalOcean revenue rises 16% to $230 million in third quarter
Reuters
Nov 05
DigitalOcean revenue rises 16% to $230 million in third quarter
DigitalOcean Holdings Inc. reported third quarter 2025 revenue of $230 million, a 16.0% increase year-over-year. Net income was $158 million, up 381.0% from the previous year, and adjusted EBITDA reached $100 million, an increase of 15.0% year-over-year. The company raised its full-year 2025 revenue guidance to $896.0-$897.0 million and adjusted EBITDA margin guidance to 41.0%. Customers with an annual run-rate over $1 million contributed $110 million in total annual recurring revenue, up 72.0% year-over-year. DigitalOcean noted continued growth in AI-related revenue and increased momentum with larger digital native enterprise customers. The company also highlighted a strengthened balance sheet following the refinancing of its 2026 convertible notes and raised its adjusted free cash flow margin guidance for 2025.
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