Business
Fastly Announces Second Quarter 2023 Financial Results
Record second quarter revenue of $122.8 million grew 20% year-over-year and exceeded the high end of our guidance range. Expanded market reach with new
About this update from Fastly, Inc.
[{"type":"text","content":"\n\nRecord second quarter revenue of $122.8 million grew 20% year-over-year and exceeded the high end of our guidance range.\n\n\n\nExpanded market reach with new packaging and pricing for our core services, making it easy for companies of all sizes to try, buy, and use the powerful Fastly platform.\n\n\n\nRepurchased $236.4 million in aggregate principal amount of convertible debt for $195.7 million, reflecting a 17% discount to par, and resulted in a $36.8 million net gain.\n\n\n\n SAN FRANCISCO--(BUSINESS WIRE)--\nFastly, Inc. (NYSE: FSLY), one of the world’s fastest edge cloud platforms, today announced financial results for its second quarter ended June 30, 2023.\n\n\n“I am pleased with the enormous progress the team has made and we’re proud of the revenue and operating performance of the second quarter, exceeding the top end of our guidance,” said Todd Nightingale, CEO of Fastly.\n\n\n“We continue to execute on our strategic initiatives to simplify our go-to-market, increase our innovation velocity, and drive a new operational rigor and cost control throughout our business,” continued Nightingale. “All of this progress helps us drive our mission to make every user experience fast, safe, and engaging… fueling growth and delivering a strong financial result.”\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nThree months ended\nJune 30,\n\n\n\n\n\n\n \n\n\n\n\n\n\nSix months ended\nJune 30,\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n2022\n\n\n\n\n\n\n \n\n\n\n\n\n\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n2022\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n122,831\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n102,518\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n240,395\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n204,900\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nGross margin\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nGAAP gross margin\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n52.3\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n44.9\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n51.8\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n46.1\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nNon-GAAP gross margin\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n56.6...