Confluent, Inc. (CFLT) shares rallied 15.03% in pre-market trading on Wednesday, fueled by strong fourth quarter 2024 results that exceeded expectations and strategic partnership announcements positioning the company for sustained growth.

The data streaming platform provider reported: - Q4 adjusted EPS of $0.09 vs $0.06 expected - Q4 revenue of $261.2 million, up 22.5% year-over-year, beating $256.8 million consensus - Confluent Cloud revenue grew 38% to $137.9 million - Subscription revenue grew 24% to $250.6 million Confluent's upbeat guidance for Q1 2025 and fiscal 2025, as well as key partnership announcements with Jio Platforms and expanded collaboration with Databricks, further buoyed investor sentiment.

The company announced a strategic partnership with Jio Platforms Limited to make Confluent Cloud available on Jio Cloud Services in India, accelerating the development of GenAI and next-gen applications powered by real-time data. Additionally, the expanded Databricks partnership integrates Confluent's Data Streaming Platform with Databricks' Data Intelligence Platform, enabling enterprises to build AI applications more efficiently using real-time data.

These partnerships, coupled with strong product innovations like Tableflow for real-time consistent data, position Confluent as a leading platform for delivering real-time data across enterprises, powering critical AI and operational workloads.