DigitalOcean Holdings, Inc. (NYSE:DOCN) Q4 2022 Earnings Conference Call February 16, 2023 8:00 AM ET

Company Participants

Rob Bradley - Vice President, Investor Relations

Yancey Spruill - Chief Executive Officer

Matt Steinfort - Chief Financial Officer

Conference Call Participants

Jim Breen - William Blair

Gabriela Borges - Goldman Sachs

Tim Horan - Oppenheimer

Jim Fish - Piper Sandler

Eric Heath - KeyBanc Capital Markets

Wamsi Mohan - Bank of America

Vinod Srinivasaraghavan - Barclays

Operator

Good morning. My name is Rob and I will be your conference operator today. At this time, I’d like to welcome everyone to the DigitalOcean Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions] Thank you. Rob Bradley, Vice President of Investor Relations, you may begin your conference.

Rob Bradley

Thanks, Rob and thank you and welcome, everybody to DigitalOcean’s Q4 2022 earnings call. Joining me today is Yancey Spruill, our Chief Executive Officer; and Matt Steinfort, our Chief Financial Officer.

Before we begin, I want to cover our Safe Harbor statement. During this conference call, we will be making forward-looking statements, including our financial outlook for the first quarter and full year as well as statements about our goals, business outlook, industry trends, market opportunities and expectations for future financial performance. All of these statements are subject to risks, uncertainties and assumptions. We can review more information about these in the Risk Factors section of our filings with the SEC. We remind everyone that our actual results may differ and we undertake no obligation to revise or update any forward-looking statements.

Finally, we will be discussing our non-GAAP financial measures on our call and reconciliations between our GAAP and non-GAAP financial results can be found in our earnings press release, which was issued earlier this morning and in our investor presentation, which can be found on our website.

With that, let me turn the call over to our CEO, Yancey Spruill. Yancey?

Yancey Spruill

Thanks, Rob. Good morning and thank you for joining us. I’d like to welcome Matt Steinfort, who joined as our CFO in early January and is integrating nicely with our team, and as you will see shortly, he is coming up to speak quickly. I’d like to start with a recap of 2022 and share our initial thoughts on growth and profitability for 2023, including detailing our key initiatives for the year. I will then turn it over to Matt to provide more color on our results and on our financial outlook for 2023 and share more about our capital allocation strategy.