secwatch.observer — SEC 8-K summary
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Issuer:     Fastly, Inc. (FSLY)
CIK:        0001517413
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001517413-24-000171
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fastly Q2 revenue $132.4M (+8% YoY); guides Q3 rev $130-134M amid demand challenges
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- GAAP net loss $0.32/share; non-GAAP net loss $0.07/share.
- Revenue $132.4M, up 8% YoY; Enterprise customer count 601 (+24 QoQ).
- LTM net retention rate fell to 110% from 114%; RPO $223M (-2% QoQ).
- CEO cites demand challenges with largest customers; cost alignment measures underway.
- Q3 revenue guidance $130-134M; non-GAAP operating loss $(12M)-$(8M); full-year rev $530-540M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517413/000151741324000171/0001517413-24-000171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517413/000151741324000171/fsly-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001517413-24-000171

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer