Business
Fastly Announces Fourth Quarter and Full Year 2022 Financial Results
Record quarterly revenue exceeded high-end of quarterly guidance range and grew 22% year-over-year Record annual revenue of $432.7 million, representing 22%
About this update from Fastly, Inc.
[{"type":"text","content":"\n\nRecord quarterly revenue exceeded high-end of quarterly guidance range and grew 22% year-over-year\n\n\nRecord annual revenue of $432.7 million, representing 22% growth year-over-year\n\n\nGAAP gross margin grew 380 bps sequentially; non-GAAP gross margin grew 340 basis points sequentially\n\n\nTrailing 12 month net retention rate (LTM NRR)1 increased to 119% in the fourth quarter from 118% in the third quarter 2022\n\n\n SAN FRANCISCO--(BUSINESS WIRE)--\nFastly, Inc. (NYSE: FSLY), the world’s fastest edge cloud platform, today announced financial results for its fourth quarter and full year ended December 31, 2022.\n\n“We are excited to close out 2022 with another record quarter, exceeding the top end of our guidance range while demonstrating a significant improvement to gross margin,” said Todd Nightingale, CEO of Fastly.\n\n“I've been incredibly impressed with the speed of innovation at Fastly and the focus our teams have demonstrated as we move to a higher velocity go-to-market motion,” continued Nightingale. “Our customers are passionate about our ability to elevate digital experiences at scale and we look forward to continued momentum in 2023.”\n\n\n\n\n\nThree months ended\nDecember 31,\n\n\n\n \n\n\n\nYear ended\nDecember 31,\n\n\n\n\n\n\n\n \n\n\n\n2022\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n2022\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n\nRevenue\n\n\n$\n\n\n\n119,321\n\n\n\n \n\n\n\n\n$\n\n\n\n97,717\n\n\n\n \n\n\n\n\n$\n\n\n\n432,725\n\n\n\n \n\n\n\n\n$\n\n\n\n354,330\n\n\n\n \n\n\n\n\nGross Margin\n\n\n\n\n\n\n\n\n\n\nGAAP gross margin\n\n\n \n\n\n\n52.4\n\n\n\n%\n\n\n\n\n \n\n\n\n50.9\n\n\n\n%\n\n\n\n\n \n\n\n\n48.5\n\n\n\n%\n\n\n\n\n \n\n\n\n52.9\n\n\n\n%\n\n\n\n\nNon-GAAP gross margin\n\n\n \n\n\n\n57.0\n\n\n\n%\n\n\n\n\n \n\n\n\n55.8\n\n\n\n%\n\n\n\n\n \n\n\n\n53.6\n\n\n\n%\n\n\n\n\n \n\n\n\n57.7\n\n\n\n%\n\n\n\n\nOperating loss\n\n\n\n\n\n\n\n\n\n\nGAAP operating loss\n\n\n$\n\n\n\n(48,462\n\n\n\n)\n\n\n\n\n$\n\n\n\n(56,656\n\n\n\n)\n\n\n\n\n$\n\n\n\n(246,199\n\n\n\n)\n\n\n\n\n$\n\n\n\n(219,021\n\n\n\n)\n\n\n\n\nNon-GAAP operating loss\n\n\n$\n\n\n\n(11,994\n\n\n\n)\n\n\n\n\n$\n\n\n\n(11,734\n\n\n\n)\n\n\n\n\n$\n\n\n\n(76,468\n\n\n\n)\n\n\n\n\n$\n\n\n\n(55,134\n\n\n\n)\n\n\n\n\nNet loss per share\n\n\n\n\n\n\n\n\n\n\nGAAP net loss per common share—basic and dil...