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  "documentTitle": "DigitalOcean | Results Presentation Deck | 24 slides",
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  "authorName": "DigitalOcean",
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  "presentationDate": "2023-11-01 00:00:00",
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      "kind": "source-note",
      "text": "(1) Includes the impact of the adoption of ASC 842 for all periods within fiscal year 2022.\n(2) Restated to conform to our current definition of ARPU, which excludes testers.",
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      "text": "Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23\nRevenue (M) $111.4 $119.7 $127.3 $133.9 $152.1 $163.0 $165.1 $169.8 $177.1\nRevenue Growth 37% 37% 36% 29% 37% 36% 30% 27% 16%\nARR (M) $455 $490 $524 $544 $641 $659 $669 $682 $713\nARR Increase (M) $28 $35 $34 $20 $97 $18 $10 $12 $32\nAdj. EBITDA (M)¹ $36.6 $37.8 $37.2 $45.5 $61.5 $54.7 $55.7 $72.2 $75.8\nNet Dollar Retention Rate (NDR) 116% 116% 117% 112% 118% 112% 107% 104% 96%\nAverage Revenue Per Customer (ARPU)² $67.65 $72.01 $76.45 $79.74 $86.54 $87.52 $88.35 $90.84 $92.06\nBuilders and Scalers (Customers that spend more than $50 per month) 94.6k 99.4k 102.5k 105.4K 142.1K 144.2k 146.5k 150.1k 154.3k\nBuilders and Scalers % of total company revenue 83% 84% 84% 85% 86% 86% 86% 86% 86%\nCapex as % of Revenue 24% 27% 20% 24% 22% 18% 15% 15% 12%",
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      "text": "Financial Highlights and KPIs",
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      "evidence": "The deck concludes with DigitalOcean's financial outlook and adjusted EBITDA",
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