DigitalOcean Holdings, Inc. (NYSE:DOCN) Q3 2023 Earnings Conference Call November 2, 2023 4:30 PM ET

Company Participants

Rob Bradley - Vice President of Investor Relations

Yancey Spruill - Chief Executive Officer

Matt Steinfort - Chief Financial Officer

Conference Call Participants

Raimo Lenschow - Barclays

Josh Baer - Morgan Stanley

Patrick Walravens - JMP

Kingsley Crane - Canaccord Genuity

Jason Ader - William Blair

Jaiden Patel - JPMorgan

Operator

Hello and good afternoon. My name is Jeremy and I'll be your conference operator today. At this time, I would like to welcome everyone to the DigitalOcean Q3 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the call over to Rob Bradley, Vice President of Investor Relations.

Rob Bradley

Thank you, Jeremy and welcome, everyone, to DigitalOcean's third quarter 2023 earnings call. Joining me today is Yancey Spruill, our Chief Executive Officer; and Matt Steinfort, our Chief Financial Officer.

Before we get started, I would want to cover our Safe Harbor statement. During this conference call, we will be making forward-looking statements, including our financial outlook for the fourth quarter and full year as well as statements about goals and business outlook, industry trends, market opportunities and expectations for future financial performance and similar items. All of these statements are subject to risks, uncertainties and assumptions. You 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 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 afternoon and in the investor presentation which can be found on our Investor website.

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

Yancey Spruill

Thanks, Rob. Good afternoon and thank you all for joining us today. I'm pleased to share our solid Q3 results, representing another quarter with an attractive balance of growth and profitability. This afternoon, I'll share an update on the search for our next CEO, some broader macro observations that have been informed by customer and partner interactions and briefly recap some of the exciting product announcements that we've made recently. I will also highlight a recent customer win that gives us enthusiasm for our product trajectory before turning the call over to Matt to go over the financial results and updated financial outlook.