Cloudflare, Inc. (NET) on Thursday reported third-quarter net loss of $1.3 million or $0.00 per share, compared to $15.3 million or $0.04 per share last year.
Adjusted net income was $102.6 million or $0.27 per share, compared to $72.6 million or $0.20 per share in the third quarter of 2024.
Total revenue of $562.0 million, representing an increase of 31% year-over-year from $430.1 million.
Looking forward to the fourth quarter, the company expects revenue of $588.5 million to $589.5 million and adjusted income per share of $0.27.
For the full year fiscal 2025, the company expects revenues of $2.142 billion to $2.143 billion and adjusted income per share of $0.91.
The company also announced that CJ Desai will step down as President of Product & Engineering, effective November 7, 2025 to accept the role of Chief Executive Officer at another publicly-traded company.
For comments and feedback contact: editorial@rttnews.com
Business News
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.