Convertible Debt RefinancingFastly needs to refinance $340M convertible debt within the next nine months, which requires disciplined pricing and expense management.
Market DecelerationThe core market, which accounts for 78% of revenues, continues to decelerate, and there is skepticism about Fastly's ability to execute against the guidance.
Profitability ChallengesExpansion into new markets might pressure margins further, delaying Fastly's pathway to profitability, an important milestone for investors.