![Datadog’s $65M/year customer mystery solved](https://log4dev.com/articles/datadog-s-65m-year-customer-mystery-solved-69/e112259cfb97207ee66c256db0a96dd34eb0c2523728cadd15b0933caf61476ee6fb1666cafd575e0eae957d37738b083649ca8edd993bf02608913d80b55477.png)
Datadog’s $65M/year customer mystery solved
Datadog is a leading observability tooling provider which went public in 2019, with a current market cap of $28B. The company made $1.67B revenue in 2022, circa $140M per month. On an earnings call a week ago, on 4 May, the CFO mentioned a “large upfront bill that did not recur,” saying: “Billings were $511 million, up 15% year-over-year. We had a large upfront bill for a client in Q1 2022 that did not recur at the same level or timing in Q1 2023....