Fastly Q4 2022 Earnings Report
Key Takeaways
Fastly reported record quarterly revenue of $119.3 million, exceeding the high end of its guidance range, representing 22% year-over-year growth. The company's GAAP gross margin improved sequentially, and the trailing 12 month net retention rate increased to 119%.
Record quarterly revenue exceeded the high-end of the quarterly guidance range and grew 22% year-over-year.
GAAP gross margin grew 380 bps sequentially; non-GAAP gross margin grew 340 basis points sequentially.
Trailing 12 month net retention rate (LTM NRR) increased to 119% in the fourth quarter from 118% in the third quarter 2022.
Total customer count was 2,958 in the fourth quarter, up 33 from the third quarter; 493 were enterprise customers in the fourth quarter, up 11 from the third quarter.
Fastly
Fastly
Forward Guidance
Company provides Q1 2023 revenue guidance of $114 - $117 million and full year 2023 revenue guidance of $495 - $505 million.