Confluent reported strong Q3 2024 results with total revenue reaching $250.2M, up 25% YoY, driven by subscription revenue growth of 27% to $239.9M. Confluent Cloud revenue grew 42% YoY to $130M, while the company achieved 1,346 customers with $100,000+ in ARR, up 14% YoY.The company demonstrated improved profitability with record gross margins and positive non-GAAP operating income of $15.8M, compared to a loss of $10.9M in Q3 2023. Free cash flow turned positive at $9.3M, representing a 3.7% margin. Non-GAAP operating margin improved to 6.3% from -5.5% last year.Based on Q3 performance, Confluent raised its full-year 2024 subscription revenue guidance and now targets positive non-GAAP operating margin and free cash flow margin for 2024. For Q4 2024, the company expects subscription revenue of $245-246M and non-GAAP operating margin of approximately 2%.

Confluent reported strong Q3 2024 results with total revenue reaching $250.2M, up 25% YoY, driven by subscription revenue growth of 27% to $239.9M. Confluent Cloud revenue grew 42% YoY to $130M, while the company achieved 1,346 customers with $100,000+ in ARR, up 14% YoY.The company demonstrated improved profitability with record gross margins and positive non-GAAP operating income of $15.8M, compared to a loss of $10.9M in Q3 2023. Free cash flow turned positive at $9.3M, representing a 3.7% margin. Non-GAAP operating margin improved to 6.3% from -5.5% last year.Based on Q3 performance, Confluent raised its full-year 2024 subscription revenue guidance and now targets positive non-GAAP operating margin and free cash flow margin for 2024. For Q4 2024, the company expects subscription revenue of $245-246M and non-GAAP operating margin of approximately 2%.