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Fastly (FSLY)
NYSE:FSLY
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.05Same Quarter Last Year
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -19.86%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
Fastly's earnings call presented a mixed picture with record revenue and improved cash flow, but also highlighted ongoing challenges with operating losses and gross margin declines. The company is making strides in revenue diversification and product innovation, but uncertainties with major customers like TikTok pose risks.Company Guidance
During the Fastly Fourth Quarter 2024 Earnings Conference Call, CEO Todd Nightingale and CFO Ron Kisling provided guidance for 2025, highlighting several key metrics and strategic initiatives. Fastly reported record fourth-quarter revenue of $140.6 million, exceeding their guidance range of $136 million to $140 million, marking a 2% year-over-year growth. They noted a 7% annual revenue growth for 2024, with a total of $544 million, despite facing headwinds from some large customers. The company reduced its top 10 customer concentration from 40% at the end of 2023 to 32% in the fourth quarter of 2024, while revenue outside the top 10 grew 16% year-over-year. Fastly's operating loss for the quarter was $4.2 million, within the guidance range of $1 million to $5 million. They projected a 7% annual revenue growth for 2025, aiming for $575 million to $585 million, while targeting double-digit growth with improved sales strategies. The company is focusing on expanding its geographic presence, particularly in Latin America, India, and APAC, and enhancing its security offerings, with security revenue growing 17% year-over-year when normalized for a prior true-up payment. Fastly also reported an increase in enterprise customers, with 596 at the end of Q4, and plans to continue refining its sales strategies and compensation structures to drive new logo acquisition and cross-selling opportunities.Record Fourth Quarter Revenue
Fastly reported record fourth quarter revenue of $140.6 million, exceeding the guidance range of $136 million to $140 million. This represented a 2% growth both year-over-year and quarter-over-quarter.
Revenue Diversification
Revenue from top 10 customers dropped from 33% in Q3 to 32% in Q4, down from 40% at the end of 2023. Revenue outside of the top 10 customers grew 16% year-over-year in Q4.
Enterprise Customer Growth
Fastly's enterprise customer count grew 3% year-over-year and quarter-over-quarter, reaching 596 enterprise customers.
Improved Cash Flow
Cash from operations increased from $400,000 in 2023 to $16 million in 2024. Cash flow burn was reduced from $59 million in 2023 to $36 million in 2024.
New Product Launches
Fastly announced several new products including AI Accelerator and Fastly's Object Storage. These innovations are aimed at enhancing performance and reducing costs for customers.
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FSLY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FSLY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $10.07 | $7.97 | -20.85% |
| Nov 06, 2024 | $8.16 | $8.17 | +0.12% |
| Aug 07, 2024 | $6.84 | $5.86 | -14.33% |
| May 01, 2024 | $12.93 | $8.79 | -32.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fastly (FSLY) report earnings?
Fastly (FSLY) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Fastly (FSLY) earnings time?
Fastly (FSLY) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FSLY EPS forecast?
FSLY EPS forecast for the fiscal quarter 2025 (Q1) is -0.06.
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