Confluent, Inc. (CFLT) shares surged 13.12% in after-hours trading on Tuesday, following the company's strong fourth-quarter earnings report and key partnership announcements.
The data streaming platform provider reported Q4 adjusted earnings per share of $0.09, surpassing analysts' expectations of $0.06. Confluent's revenue grew 22.5% year-over-year to $261.2 million, also beating estimates of $256.8 million. The company provided upbeat guidance for the first quarter and full-year 2025, forecasting subscription revenue growth and sustained profitability.
Beyond the solid financial results, Confluent announced major partnerships with Databricks and Jio Platforms Limited, which likely fueled investor enthusiasm. The collaboration with Databricks aims to integrate Confluent's data streaming platform with Databricks' Data Intelligence Platform, enabling enterprises to leverage real-time data for AI-driven decision-making. Additionally, the strategic agreement with Jio Platforms will make Confluent's platform available on Jio Cloud Services, expanding its reach in the rapidly growing Indian market.