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Data streaming leader Confluent posts strong Q3 results, boosts year-end forecast

  • Data streaming software provider, Confluent Inc., reported strong Q3 results with revenue and earnings beats.
  • Adjusted earnings per share for Q3 were 10 cents, beating analysts' expectations of 5 cents per share.
  • Subscription revenue grew by 27% YoY to $239.9 million, and cloud service revenue increased by 42% YoY to $130 million.
  • Confluent raised its full-year 2024 subscription revenue guidance and expects positive non-GAAP operating margin and free cash flow margin for 2024.

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