Atlassian Q3: $1.1B Cloud Revenue (+29% YoY), Rovo AI Hits 5M MAUs — AI Customers Growing ARR at 2x Rate

CNBC·high signal

Atlassian delivered $1.8B total revenue (up 32% YoY, beating $1.7B consensus) with cloud revenue hitting $1.1B, its second consecutive billion-dollar cloud quarter. Rovo AI platform surpassed 5 million monthly active users with AI credit usage growing 20%+ month-over-month. Rovo customers grow ARR at 2x the rate of non-Rovo customers. Stock surged 29% after the report — Atlassian is the strongest counterexample to the 'AI kills seats' narrative, arguing AI creates more work (and more seats) rather than less.