Confluent Inc. reported a 25% increase in total revenue, reaching $250.2 million for the three months ended September 30, 2024, compared to $200.2 million for the same period in 2023. Subscription revenue grew by 27% year-over-year, totaling $239.9 million, while services revenue decreased by 5% to $10.3 million. The company's Confluent Cloud offering now accounts for 52% of total revenue, up from 46% in the same quarter last year, indicating a shift towards cloud-based services. Confluent's customer base grew by 16% year-over-year, reaching approximately 5,680 customers as of September 30, 2024. The number of customers with $100,000 or greater in annual recurring revenue (ARR) increased to 1,346, up from 1,185 in the prior year. The dollar-based net retention rate (NRR) was 117% as of September 30, 2024, reflecting the company's ability to expand within its existing customer base. The company reported a net loss of $74.1 million, or $0.23 per share, for the quarter, compared to a net loss of $92.7 million, or $0.30 per share, in the same period last year. Operating loss was $93.7 million, compared to $108.6 million in the prior year, showing some improvement in operational efficiency. The company's remaining performance obligations (RPO) stood at $883 million as of September 30, 2024, with approximately 65% expected to be recognized as revenue over the next 12 months.