Q1 2025 Confluent Inc Earnings Call Transcript

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May 01, 2025

Apr 30, 2025 / 08:30PM GMT
Jay Kreps - Confluent Inc - Chairman of the Board, Chief Executive Officer, Co-Founder

(audio in progress)

Thanks, Shane. Good afternoon, everyone, and welcome to our first quarter earnings call. We're pleased to start the year with solid momentum. Q1 subscription revenue grew 26% to $261 million. Confluent Cloud revenue grew 34% to $143 million and non-GAAP operating margin improved 6 percentage-points to 4%.

Our Q1 results demonstrate the mission-critical nature of data streaming and our significant product leadership. We remain laser-focused on enabling our customers to cost efficiently build next-generation applications and win in the age of AI. On today's call, I'd like to walk through four key strategic drivers behind our resilience in the current environment. In fact, our resilience has been tested by multiple macro headwinds since Confluent's founding over 10 years ago, and it continues to support our path towards delivering long-term growth and profitability. First and most critically, data streaming sits at the heart of the mission-critical use cases our customers rely on every

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