Cloudflare Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St

February 24, 2025

Cloudflare (NYSE:NET) Full Year 2024 Results

Key Financial Results

Revenue: US$1.67b (up 29% from FY 2023).
Net loss: US$78.8m (loss narrowed by 57% from FY 2023).
US$0.23 loss per share (improved from US$0.55 loss in FY 2023).

revenue-and-expenses-breakdown — NYSE:NET Revenue and Expenses Breakdown February 24th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cloudflare EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.0%.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$849.5m (51% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to US$730.8m (51% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$60.3m. Explore how NET's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are down 11% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Cloudflare that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.