FSLY - Fastly beats Q2 top and bottom line estimates; initiates Q3 and raises FY23 revenue outlook

August, 02 2023 04:11 PM Fastly Inc. Class A

2023-08-02 16:11:40 ET

Fastly press release ( NYSE: FSLY ): Q2 Non-GAAP EPS of -$0.04 beats by $0.06 .
Revenue of $122.8M (+19.8% Y/Y) beats by $3.89M .
Non-GAAP gross margin of 56.6%, compared to 50.4% in the second quarter of 2022.
Total customer count was 3,072 in the second quarter, down 28 from the first quarter; 551 were enterprise customers in the second quarter, up 11 from the first quarter.
Average enterprise customer spend of $818 thousand in the second quarter, up 3% quarter-over-quarter.
Third Quarter and Full Year 2023 Guidance: For Q3, Total Revenue of $125M - $128M vs. consensus of $127.06M; Non-GAAP Net Loss per share of ($0.09) - ($0.07) vs. consensus of -$0.05.
For FY23, Total Revenue of $500M- $510M vs. consensus of $502.10M; Non-GAAP Net Loss per share of ($0.27) - ($0.21) vs. consensus of- $0.26.

For further details see: