11:52 AM EST, 11/05/2025 (MT Newswires) -- (Updates with stock movement in the headline and first paragraph.)

DigitalOcean ( DOCN ) shares rose 18% in recent Wednesday trading after the company posted Q3 earnings and revenue that beat analyst estimates.

In the three months ended Sept. 30, non-GAAP net income rose to $0.54 per diluted share from $0.52 a year earlier. Analysts polled by FactSet expected $0.49.

Revenue rose to $229.6 million from $198.5 million a year earlier. Analysts surveyed by FactSet expected $226.6 million.

The company expects Q4 non-GAAP net income of $0.35 to $0.40 per diluted share on revenue of $237 million to $238 million. Analysts surveyed by FactSet expect EPS of $0.46 on revenue of $234.4 million.

DigitalOcean ( DOCN ) lowered its 2025 non-GAAP earnings guidance to $2 to $2.05 per diluted share, down from the previous range of $2.05 to $2.10. Revenue is now expected at $896 million to $897 million, up from the previous range of $888 million to $892 million.

Analysts polled by FactSet expect EPS of $2.09 on revenue of $890.4 million.

Price: 45.81, Change: +6.99, Percent Change: +17.99