NASDAQ$FSLY

Fastly Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Strong revenue growth and exceeded guidance, passing the $100M milestone for the first time.

Fastly's Q1 2022 earnings report revealed strong revenue growth, exceeding quarterly guidance and surpassing the $100M milestone for the first time. The company reported a total revenue of $102.4 million, up 5% quarter-over-quarter and 21% year-over-year.

  • Total revenue of $102.4 million, representing 5% sequential growth and 21% year-over-year growth.
  • GAAP gross margin of 47.3%, compared to 55.8% in the first quarter of 2021.
  • Trailing 12 month net retention rate (NRR LTM) decreased to 115% in the first quarter from 118% in the fourth quarter 2021.
  • Total customer count of 2,880 in the first quarter, of which 457 were enterprise customers.

Headline financials

Total Revenue

$102M

Previous: $84.9M+20.7%
EPS (adj)

-$0.15

Previous: -$0.12-25.0%
Enterprise customer count

457

Previous: 336+36.0%
Capital Expenditures

-$2.39M

Previous: -$8.08M+70.5%
Free Cash Flow

-$66.7M

Previous: -$58.8M-13.4%
Net Income

-$64.3M

Previous: -$50.7M-26.8%
Operating Income

-$63M

Previous: -$50M-26.1%
Gross Profit

$48.5M

Previous: $47.4M+2.3%
Cash & Equivalents

$246M

Previous: $949M-74.1%
Total Assets

$2.13B

Previous: $2.14B-0.2%
Stock-Based Comp

$40M

Previous: $30.8M+29.8%

Revenue & EPS history

Fastly · Revenue · Quarterly

$102M

Q1 2022+20.7%vs Q1 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Fastly provided guidance for Q2 2022 with revenue between $99.0 - $102.0 million and non-GAAP net loss per share between ($0.18) - ($0.15). Full year 2022 revenue is expected to be $405.0 - $415.0 million and non-GAAP net loss per share between ($0.60) - ($0.50).

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 2022

Historical avgQ1 2022

-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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