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Sep 30, 2024
Akamai Q3 2024 Earnings Report
Akamai surpassed the billion-dollar quarterly revenue threshold, driven by momentum in security and cloud computing.
Key Takeaways
Akamai reported a solid third quarter with revenue of $1.005 billion, up 4% year-over-year. Security and compute revenue grew 17% year-over-year, representing 68% of total revenue. The company remains confident in the traction of new products and commitment to strong bottom-line performance.
Revenue was $1.005 billion, a 4% increase year-over-year.
Security revenue was $519 million, up 14% year-over-year.
Delivery revenue was $319 million, down 16% year-over-year.
Compute revenue was $167 million, up 28% year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company reports the following financial guidance for the fourth quarter and full year 2024:
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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