Cloudflare Announces Second Quarter 2022 Financial Results

Cloudflare has been on fire with addition of so many different features/services every year to make web more efficient/accessible for everyone.

I have been using Cloudflare since 2014. I started with just Nameservers/DNS and today I use them for alot of things, some being:

1. Workers for caching API on edge(reduces massive overhead on origin server)

2. Cloudflare pages for hosting static sites(alternative to netlify/vercel)

3. Domain Registration at Cost

4. Cloudflare Access to add auth to third party apps I host

5. Automatic Platform Optimizations (APO) to optimize/serve wordpress blog on edge. Gives a massive boost to google page insights score.

6. Cloudflare Images for automatic image optimization on the fly.

Waiting for them to start providing CDN services like static files caching on edge(currently I used bunny.net).

Strong indicator of their success in catering to builders and operators.

Twilio did similar, but security and networking are more difficult domains to 'land and expand' from the 'bottom-up' due to the numbers of teams involved in those domains in a typical large business.

I do believe increasingly the 'developer is the new gatekeeper', especially as modern dev teams increasingly encompass architects, app dev, ops and security. Even if that is true, it is exceedingly difficult to serve builders and operators; kudos to Cloudflare.

They’ve really healthy margins - 76% and are growing revenue 54% this year quarter alone. They’ll be profitable in no time. Especially when R2 goes public. I foresee a ton of folks moving stuff out of S3.