Cloudflare, Inc. announced its financial results for the fourth quarter and fiscal year ended December 31, 2024. For Q4 2024, revenue reached $459.9 million, marking a 27% increase year-over-year, with a net loss of $12.8 million, or $(0.04) per share.
For the full fiscal year 2024, Cloudflare reported total revenue of $1.67 billion, up 29% from the previous year, and a net loss of $78.8 million, or $(0.23) per share. The company achieved record growth in its largest customer segment, adding 55 customers spending over $1 million annually in 2024, bringing the total to 173.
Looking ahead, Cloudflare provided Q1 2025 revenue guidance of $475.0 million to $476.0 million, with non-GAAP operating income projected at $55.0 million to $56.0 million and non-GAAP net income per share at $0.16. Full-year 2025 revenue is expected to be between $2.050 billion and $2.054 billion, with non-GAAP operating income of $255 million to $259 million and non-GAAP net income per share of $0.74 to $0.75.
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