Cameron McFarlane's avatar

$837.6k follower assets

Cameron McFarlane's avatar
$837.6k follower assets
DigitalOcean $DOCN
DigitalOcean showing some strength this week in the market, finishing up 14%.

DigitalOcean announced it will be rising prices of its offerings. Droplet will increase by 20% but they have introduced a cheaper basic offering for smaller customers, a new 10GB Basic Droplet for $4 per month.

Average monthly revenue per custom was less than $70 in the most recent quarter, which has slowly risen overtime.

I’m long $DOCN
Same. I still think they have more attractive pricing and options for small and med business. Just hoping this means they have pricing power.
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Cameron McFarlane's avatar
$837.6k follower assets
$DOCN DigitalOcean Q1 Earnings:
First Quarter 2022 Financial Highlights:

  • Revenue of $127.3 million, an increase of 36% YoY.
  • Annual Run-Rate Revenue (ARR) ended the quarter at $524 million, representing 35% YoY growth.
  • Gross profit of $80.6 million or 63% of revenue and adjusted gross profit of $103.3 million or 81% of revenue.
  • Loss from operations was $13.1 million and operating margin was (10)%.
  • Non-GAAP income from operations was $13.6 million and non-GAAP operating margin was 11%.

  • Net loss per share was $(0.17) and non-GAAP diluted net income per share was $0.07.

  • Cash, cash equivalents, and marketable securities was $1.6 billion as of March 31, 2022.

First Quarter 2022 Operational Highlights:

  • Net Dollar Retention Rate (NDR) was 117%, up from 107% in the first quarter 2021.
  • Average Revenue Per Customer (ARPU) in the quarter was $68.90, an increase of 28% over the first quarter 2021.
  • Total customers grew 6% to 623K and customers spending more than $50 per month grew 20% to 102K.
  • Revenue from customers spending more than $50 per month grew 43% year-over-year. These customers had an NDR of 118% and now represent 84% of total revenue.

  • Repurchased 2.6 million shares for $150.0 million utilizing the share repurchase program
Not liking this slowdown but they kept their guidance for full year intact. Their growth rates are solid just not good enough for a hyper growth stock. I would say it’s a hold but not as eager to add as j was before prior to ER. Curious how the call goes.
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Cameron McFarlane's avatar
$837.6k follower assets
Airbnb Q1 Earnings $ABNB
  • Revenue $1.51B vs est $1.45B
  • Adjusted EBITDA $229M vs est $75.5M
  • Guidance Q2 $2.03-$2.13B est $1.97B
  • Free Cash Flow of $1.2B
I have a position
Cameron McFarlane's avatar
$837.6k follower assets
$SE Sea Money:
Sea granted authorization by Brazil’s central bank to operate as a payment institution.
Cameron McFarlane's avatar
$837.6k follower assets
US Portfolio April Results:
Performance YTD: -40.54% vs SPY: -13.60%
Portfolio By Weight:

$NVDA - 13.03%
$SE - 12.21%
$PLTR - 11.32%
$GOOG - $11.07%
$DDOG - 10.60%
$SQ - 7.69%
$ZS - 7.12%
$ABNB - 4.30%
$TSLA - 4.19%
$TTD - 4.00%
$MGNI - 3.78%
$DOCN - 3.18%
$MQ - 2.71%
$OPEN - 2.45%
$QQQ - 2.20%

Tough month, that's for sure. I'm still buying fortnightly, mostly $GOOG... at this point. I haven't sold any positions this month, i'm hoping in years to come i'll be rewarded for holding onto them - I understand some more than likely won't ever make it to all time highs again and could end up being scooped up via M&A's. Time will tell...
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Netflix Earnings Today…
I don’t own $NFLX but I am a subscriber and the content has been pretty low par, as of late…