Business
Fastly Announces Fourth Quarter and Full Year 2021 Financial Results
Fourth quarter revenue of $97.7 million, up 13% quarter-over-quarter Fourth quarter revenue Dollar-Based Net Expansion Rate of 121% Annual ARR of 99.2%,
About this update from Fastly, Inc.
[{"type":"text","content":"\n\nFourth quarter revenue of $97.7 million, up 13% quarter-over-quarter\n\n\nFourth quarter revenue Dollar-Based Net Expansion Rate of 121%\n\n\nAnnual ARR of 99.2%, demonstrating world class customer retention and low churn\n\n\n SAN FRANCISCO--(BUSINESS WIRE)--\nFastly, Inc. (NYSE: FSLY), the world’s fastest global edge cloud network provider, today announced financial results for its fourth quarter and full year ended December 31, 2021.\n\n“We finished 2021 on a strong note with fourth quarter revenue of $97.7 million, exceeding the midpoint of our guidance range by 7% and demonstrating momentum after facing setbacks earlier in the year,” said Joshua Bixby, CEO of Fastly.\n\n“Our foundational technology, differentiated by the scale and efficiency of our network, continues to attract and empower enterprise developers in their moments of inspiration. We continue to uniquely unlock programmable ways for our customers to build modern digital experiences for billions of people every day on our technology,” continued Bixby. “Coupled with a strong roadmap of new products, including our recent launch of Fastly’s Next-Gen WAF, the industry’s first and only unified WAF, we are excited about our opportunities in 2022 as we expand our network and capture the future growth potential of our edge cloud network.”\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nThree Months Ended\n\nYear Ended\n\n\n\n\n\nDecember 31\n\nDecember 31\n\nDecember 31\n\nDecember 31\n\n\n\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n\n\nRevenue\n\n\n$\n\n\n\n97,717\n\n\n\n \n\n\n\n\n$\n\n\n\n82,649\n\n\n\n \n\n\n\n\n$\n\n\n\n354,330\n\n\n\n \n\n\n\n\n$\n\n\n\n290,874\n\n\n\n \n\n\n\n\n\nGross Margin\n\n\n\n\n\n\n\n\n\n\n\nGAAP gross margin\n\n\n \n\n\n\n50.9\n\n\n\n%\n\n\n\n\n \n\n\n\n59.2\n\n\n\n%\n\n\n\n\n \n\n\n\n52.9\n\n\n\n%\n\n\n\n\n \n\n\n\n58.7\n\n\n\n%\n\n\n\n\n\nNon-GAAP gross margin\n\n\n \n\n\n\n55.8\n\n\n\n%\n\n\n\n\n \n\n\n\n63.7\n\n\n\n%\n\n\n\n\n \n\n\n\n57.7\n\n\n\n%\n\n\n\n\n \n\n\n\n60.9\n\n\n\n%\n\n\n\n\n\nOperating loss\n\n\n\n\n\n\n\n\n\n\n\nGAAP operating loss\n\n\n$\n\n\n\n(56,656\n\n\n\n)\n\n\n\n\n$\n\n\n\n(57,344\n\n\n\n)\n\n\n\n\n$\n\n\n\n(219,021\n\n\n\n)\n\n\n\n\n$\n\n\n\n(107,212\n\n\n\n)\n\n\n\n\n\nNon-GAAP operating loss\n\n\n$\n\n\n\n(11,...