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Mar 31, 2020
Fastly Q1 2020 Earnings Report
Revenue increased, enterprise customer count grew, and guidance was raised.
Key Takeaways
Fastly's Q1 2020 revenue increased by 38% year-over-year to $63 million. The enterprise customer count rose to 297, and the company raised its full-year 2020 guidance.
Revenue was up 38% year-over-year, reaching $63 million.
The Dollar-Based Net Expansion Rate (DBNER) was 133%.
Net Retention Rate (NRR) stood at 130%.
The total enterprise customer count increased to 297, up from 288 in Q4 2019.
Forward Guidance
Fastly expects continued customer expansion and raised full-year 2020 guidance, remaining optimistic about the demand for its services.
Positive Outlook
- Continued customer expansion on the platform.
- Increase in internet traffic from social distancing measures.
- Optimism about the demand for mission-critical services.
- Underlying growth of the business.
- Confidence in ability to deliver incremental annual gross margin expansion.
Challenges Ahead
- Gross margin will continue to be affected by the timing of personnel and infrastructure investments.
- Gross margin will be affected by the seasonal fluctuations of platform usage by customers.
- Uncertainty regarding costs and expenses that may be incurred in the future.
- Global economic uncertainty.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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