NASDAQ$FSLY

Fastly Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Fastly experienced continued momentum driven by strong platform demand.

Fastly's Q1 2021 revenue increased 35% year-over-year to nearly $85 million. The company saw growth in total customer count and enterprise customer count, with average enterprise customer spend increasing to $800,000. The DBNER remains strong at 139%.

  • Revenue of nearly $85 million, up 35% year-over-year.
  • Total customer count increased to 2,207, up from 2,084 in Q4 2020.
  • Enterprise customer count increased to 336, up from 324 in Q4 2020.
  • Average enterprise customer spend increased to $800,000, up from $782,000 in the prior quarter.

Headline financials

Total Revenue

$84.9M

Previous: $62.9M+34.8%
EPS (adj)

-$0.12

Previous: -$0.06-100.0%
Enterprise customer count

336

Previous: 297+13.1%
Capital Expenditures

-$8.08M

Previous: -$10.2M+21.0%
Free Cash Flow

-$58.8M

Previous: -$22.2M-164.6%
Net Income

-$50.7M

Previous: -$12M-322.7%
Operating Income

-$50M

Previous: -$12M-317.2%
Gross Profit

$47.4M

Previous: $35.7M+32.8%
Cash & Equivalents

$949M

Previous: $22.5M+4116.6%
Total Assets

$2.14B

Previous: $324M+560.3%
Stock-Based Comp

$30.8M

No prior period

Revenue & EPS history

Fastly · Revenue · Quarterly

$84.9M

Q1 2021+34.8%vs Q1 2020
Beat estimate in 5 of 11 quarters(45%)
ActualEstimate

Forward guidance

The outlook reflects strong top-line growth momentum, strategic investments in security and cloud computing, and the incremental expense from the Signal Sciences acquisition. Capital expenditures as a percentage of revenue are expected to be approximately 13% to 14% of revenue for the full year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-2.8%

Avg return

Earnings day

-2.9%

Avg return

5 days after

+5.4%

Avg return

30 days after

37%

10 / 27 earnings

Positive

+72.3%

Q4 2025

Best reaction

-38.5%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-38.5%-39.8%-42.8%
Q4 2025+72.3%+89.7%+164.0%
Q3 2025+36.0%+48.6%+30.4%
Q1 2025+25.7%+35.5%+27.0%
Q4 2024-20.9%-18.9%-32.0%
Q3 2024+6.5%-6.4%+42.1%
Q2 2024-16.3%-14.9%-19.3%
Q1 2024-30.5%-30.6%-38.0%
Q4 2023-28.6%-31.0%-45.0%
Q3 2023+12.3%+13.0%+23.0%
Q2 2023+12.8%+15.6%+34.3%
Q1 2023-16.5%-12.1%+16.2%
Q4 2022+19.6%+18.4%+14.8%
Q3 2022+2.9%+2.6%+19.6%
Q2 2022-5.9%-2.2%-31.2%
Q1 2022-17.3%-29.7%-25.6%
Q4 2021-34.9%-36.6%-42.1%
Q3 2021+10.3%+6.2%-27.2%
Q2 2021-13.6%-4.7%+1.0%
Q1 2021-28.6%-28.8%-20.2%
Q4 2020-17.7%-21.7%-27.4%
Q3 2020-8.2%-12.6%+13.2%
Q2 2020-22.8%-32.7%-30.3%
Q1 2020+47.7%+50.9%+98.3%
Q4 2019-4.5%-15.2%-26.8%
Q3 2019-3.8%-2.0%+9.1%
Q2 2019-11.7%-18.5%+60.7%
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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