AIQuartzabout 2 hours ago
Datadog Stock Drops After AI Customer Cuts Usage
2 min read
Datadog reported third-quarter revenue of $1.20 billion, up 35% from a year earlier, beating Wall Street estimates. However, the company forecast fourth-quarter revenue of $1.19 billion to $1.20 billion because its largest customer cut usage to a minimum commitment. This decision by a top AI client caused Datadog stock to drop despite the earnings beat.
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