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Sep 30, 2024
Fastly Q3 2024 Earnings Report
Fastly's Q3 2024 financial results were announced, featuring a GAAP loss of $38.0 million and record non-GAAP income of $2.4 million, along with record adjusted EBITDA of $13.3 million.
Key Takeaways
Fastly reported Q3 2024 financial results with revenue of $137.2 million, a GAAP net loss of $38.0 million, and a non-GAAP net income of $2.4 million. The company's revenue saw a 7% year-over-year increase, driven by strength in large customers and share gains outside the top ten. Adjusted EBITDA reached a record $13.3 million.
Total revenue reached $137.2 million, a 7% increase year-over-year.
GAAP net loss was $38.0 million, while non-GAAP net income was $2.4 million.
Enterprise customer count was 576, and total customer count was 3,638.
Last 12-month net retention rate (LTM NRR) decreased to 105%.
Revenue by Segment
Forward Guidance
Fastly provided guidance for Q4 2024 with revenue between $136.0 and $140.0 million and a non-GAAP operating loss between ($5.0) and ($1.0) million. The full year 2024 revenue is expected to be between $539.0 and $543.0 million with a non-GAAP operating loss between ($28.0) and ($24.0) million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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