Meet Kevin on $NET (Nov 5, 2026)
AI summary · Meet Kevin
Cloudflare's quarter was a resounding success: profit rose 39% on AI demand and annual recurring revenue surpassed $3 billion, though pricing power fell slightly and costs rose slightly more than expected.
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Meet KevinPublished Nov 5 · 1 passage
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Cloudflare announced its profits. Cloudflare announced its profits and achieved resounding success. Although I must say their pricing power has decreased slightly, despite their profits rising by 39% due to the boom we are seeing in artificial intelligence.
Their costs have increased slightly more than expected. They have surpassed $3 billion in annual recurring revenue (ARR), which is truly remarkable. $3 billion in annual recurring revenue. amazing.
Truly amazing, truly. So, good work and kudos to Cloudflare.