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  "documentTitle": "DigitalOcean | Results Presentation Deck | 23 slides",
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  "presentationDate": "2023-05-01 00:00:00",
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      "text": "1 The ARPU calculation excludes testers' revenue (approximately $1M/month) from the numerator and excludes the number of testers (approximately 60k) from the denominator. See slide 11 for our definition of testers.",
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      "text": "Strong Revenue Growth: Q1'22 $127.3M, Q1'23 $165.1M, Y-o-Y Growth +30%\nScaling ARR: Q1'22 $523.7M, Q1'23 $669.1M, Y-o-Y Growth +28%\nAdjusted EBITDA Margin: Q1'22 29%, Q1'23 34%, Y-o-Y Growth +500 bps\nARPU¹: Q1'22 $76.45, Q1'23 $88.35, Y-o-Y Growth +16%\nAdjusted Free Cash Flow Margin: Q1'22 4%, Q1'23 16%, Y-o-Y Growth +1200 bps\nRepurchases of Common Stock: Q1'22 $150.0M, Q1'23 $265.9M, Y-o-Y Growth +77%",
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      "structure": "The Full Distribution -> The Vital Few (20%) -> The Trivial Many (80%) -> Focus Recommendation",
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