- Fastly press release ( NYSE: FSLY ): Q3 Non-GAAP EPS of -$0.14 beats by $0.03 .
- Revenue of $108.5M (+25.1% Y/Y) beats by $4.84M .
- Record quarterly revenue exceeded high-end of quarterly guidance range and grew 25% annually compared to prior quarter
- GAAP gross margin grew 370 bps sequentially; non-GAAP gross margin grew 320 basis points sequentially
- Average enterprise customer spend grew 4% sequentially.
- Trailing 12-month net retention rate increased to 118% in the third quarter from 117% in the second quarter 2022.
- Dollar-Based Net Expansion Rate increased to 122% in the third quarter from 120% in the second quarter 2022.
- Total customer count of 2,925 in the third quarter, of which 482 were enterprise 3 customers.
- Average enterprise customer spend of $759K in the third quarter, up 4% quarter-over-quarter
- Q4 Outlook: Total Revenue $112 - $116M; Non-GAAP Net Loss per share ($0.15) - ($0.11).
- 2022 Outlook: Total Revenue $425 - $429M; Non-GAAP Net Loss per share ($0.67) - ($0.63).
- Shares +2.53% .
For further details see:
Fastly Non-GAAP EPS of -$0.14 beats by $0.03, revenue of $108.5M beats by $4.84M