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Dec 31, 2024
Fastly Q4 2024 Earnings Report
Fastly reported record fourth quarter revenue, exceeding guidance, with mixed financial results and strategic advancements.
Key Takeaways
Fastly announced record fourth quarter revenue of $140.6 million, exceeding their guidance range. While revenue grew year-over-year, the company reported a GAAP net loss of $32.9 million and a non-GAAP net loss of $3.8 million for the quarter. Key metrics like net retention rate saw a slight decrease, but the company highlighted strategic advancements in product offerings and customer growth.
Fastly achieved record fourth quarter revenue of $140.6 million, surpassing the high end of their guidance.
The company reported a GAAP net loss of $32.9 million and a non-GAAP net loss of $3.8 million for the fourth quarter.
Fastly introduced several new products and enhancements, including DDoS Protection, AI Accelerator, Object Storage, and Log Explorer & Insights.
Enterprise customer count increased to 596, and customer packages grew significantly year-over-year.
Fastly
Fastly
Fastly Revenue by Segment
Revenue by Segment
Network Services Revenue
CapyFin.comSecurity Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Fastly provided guidance for Q1 2025 and the full year 2025, anticipating continued revenue growth but also projecting non-GAAP operating losses and net losses per share.
Positive Outlook
- Projected Q1 2025 revenue of $136.0 million to $140.0 million.
- Projected Full Year 2025 revenue of $575.0 million to $585.0 million.
- Continued focus on efficient customer acquisition and long-term revenue growth.
- Strengthened balance sheet entering 2025.
- Motivated go-to-market team to drive future performance.
Challenges Ahead
- Projected Q1 2025 non-GAAP operating loss of $11.0 million to $7.0 million.
- Projected Q1 2025 non-GAAP net loss per share of $0.09 to $0.05.
- Projected Full Year 2025 non-GAAP operating loss of $15.0 million to $9.0 million.
- Projected Full Year 2025 non-GAAP net loss per share of $0.15 to $0.09.
- Uncertainty of future expenses and their potential material impact on GAAP financial results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income