Fastly Q4 2024 Earnings Report
Key Takeaways
Fastly announced record fourth-quarter revenue of $140.6 million, representing a 2% year-over-year increase. The company's platform strategy is driving innovation and faster time to value for customers. Fastly enters 2025 with a strengthened balance sheet and a focus on efficient customer acquisition and long-term revenue growth.
Total revenue reached $140.6 million, a 2% increase year-over-year.
GAAP gross margin was 53.4%, while non-GAAP gross margin was 56.5%.
The company refinanced convertible debt, raising $150 million in convertible senior notes and repurchasing $158 million in existing notes.
Customer packages grew over 60% year-over-year, with new logo involvement increasing by 70%.
Fastly
Fastly
Forward Guidance
Fastly provided guidance for Q1 2025 with revenue between $136.0 million and $140.0 million. They anticipate a non-GAAP operating loss between $11.0 million and $7.0 million. For the full year 2025, they expect revenue between $575.0 million and $585.0 million and a non-GAAP operating loss between $15.0 million and $9.0 million.
Positive Outlook
- Revenue between $136.0 million and $140.0 million in Q1 2025
- Revenue between $575.0 million and $585.0 million for the full year 2025
Challenges Ahead
- Non-GAAP operating loss between $11.0 million and $7.0 million in Q1 2025
- Non-GAAP operating loss between $15.0 million and $9.0 million for the full year 2025