Fastly Q2 revenue $102.5M, record; raises FY22 guidance; names Todd Nightingale CEO

Fastly, Inc.

2022-Q2 EPS reported -$0.67 revenue$204,900,000

Revenue $102.5M, up 21% YoY, above high-end of guidance; GAAP net loss $16.4M vs $58.3M YoY.
Repurchased $235M principal of convertible debt at 25% discount for $176.4M, reducing debt to $703.4M.
Non-GAAP net loss per share $0.23, vs $0.15 YoY; GAAP gross margin 44.9% vs 52.6% YoY.
NRR LTM 117% (up from 115% Q1); DBNER 120% (up from 118%); enterprise customers 471.
CEO Todd Nightingale (from Cisco) effective Sept 1; FY22 revenue guidance raised to $415-425M.

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