Cloudflare reports strong Q4, raises 2025 revenue outlook

Cloudflare reported strong Q4 2024 earnings, exceeding both analyst expectations and its own forecasts with revenue of $459.9 million, a 27% increase year-over-year. The company's adjusted earnings per share (EPS) were $0.19, slightly above the anticipated $0.18. Cloudflare's customer base spending over $1 million annually rose by 47% to 173, indicating successful customer acquisition strategies. For Q1 2025, the company expects revenue between $468 million and $469 million, with full-year guidance projecting $2.09 billion to $2.094 billion. Despite slightly missing the consensus forecast for Q1 revenue, the EPS outlook of $0.79 to $0.80 surpassed expectations. The company's strong performance has led to a significant increase in its stock value, reflecting positive investor sentiment.