Fastly beats Q1 revenue guidance; net loss narrows to $44.7M

Fastly, Inc.

2023-Q1 EPS reported -$0.36 revenue$117,564,000

Revenue $117.6M (+15% YoY) exceeded high-end of Q1 guidance.
GAAP net loss $44.7M ($0.36/sh) vs $64.3M ($0.54/sh) YoY.
Non-GAAP net loss $10.8M ($0.09/sh) vs $18.0M ($0.15/sh) YoY.
LTM net retention rate 116% (down from 119%); DBNER 121% (down from 123%).
Q2 revenue guidance $117-120M; FY2023 revenue guidance $495-505M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fastly, Inc. reported first quarter ended March 31, 2023 results: revenue $ 117,564, net income GAAP net loss of $44.7 million, EPS $(0.36).

Period: first quarter ended March 31, 2023
Revenue: $ 117,564
Net income: GAAP net loss of $44.7 million
EPS: $(0.36)
Result: reported results

Exact text from the filing

“As we continue to gain customer mind share with these efforts, we will be focused on accelerating market share gains as well.” Three months ended March 31, 2023 2022 Revenue $ 117,564 $ 102,382 Gross Margin GAAP gross margin 51.3 % 47.3 % Non-GAAP gross margin 55.6 % 52.6 % Operating loss GAAP operating loss $ (47,275) $ (63,004) Non-GAAP operating loss $

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Fastly, Inc. filing history →

Source: SEC EDGAR

accession 0001517413-23-000091

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