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Mar 31, 2022
Fastly Q1 2022 Earnings Report
Strong revenue growth and exceeded guidance, passing the $100M milestone for the first time.
Key Takeaways
Fastly's Q1 2022 earnings report revealed strong revenue growth, exceeding quarterly guidance and surpassing the $100M milestone for the first time. The company reported a total revenue of $102.4 million, up 5% quarter-over-quarter and 21% year-over-year.
Total revenue of $102.4 million, representing 5% sequential growth and 21% year-over-year growth.
GAAP gross margin of 47.3%, compared to 55.8% in the first quarter of 2021.
Trailing 12 month net retention rate (NRR LTM) decreased to 115% in the first quarter from 118% in the fourth quarter 2021.
Total customer count of 2,880 in the first quarter, of which 457 were enterprise customers.
Fastly
Fastly
Forward Guidance
Fastly provided guidance for Q2 2022 with revenue between $99.0 - $102.0 million and non-GAAP net loss per share between ($0.18) - ($0.15). Full year 2022 revenue is expected to be $405.0 - $415.0 million and non-GAAP net loss per share between ($0.60) - ($0.50).