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Mar 31, 2021
Fastly Q1 2021 Earnings Report
Fastly experienced continued momentum driven by strong platform demand.
Key Takeaways
Fastly's Q1 2021 revenue increased 35% year-over-year to nearly $85 million. The company saw growth in total customer count and enterprise customer count, with average enterprise customer spend increasing to $800,000. The DBNER remains strong at 139%.
Revenue of nearly $85 million, up 35% year-over-year.
Total customer count increased to 2,207, up from 2,084 in Q4 2020.
Enterprise customer count increased to 336, up from 324 in Q4 2020.
Average enterprise customer spend increased to $800,000, up from $782,000 in the prior quarter.
Forward Guidance
The outlook reflects strong top-line growth momentum, strategic investments in security and cloud computing, and the incremental expense from the Signal Sciences acquisition. Capital expenditures as a percentage of revenue are expected to be approximately 13% to 14% of revenue for the full year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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