NASDAQ$FSLY
Fastly Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Revenue exceeded guidance, demonstrating growth and strategic advancements.
Fastly's Q1 2023 earnings report highlights a record first-quarter revenue that exceeded the high end of the quarterly guidance range, growing 15% year-over-year. The company also saw progress in customer mind share through go-to-market simplification, packaging, innovation velocity, and improvements in cost control and financial rigor.
- Total revenue reached $117.6 million, a 15% increase year-over-year.
- GAAP gross margin improved to 51.3% from 47.3% in Q1 2022, and non-GAAP gross margin increased to 55.6% from 52.6% in Q1 2022.
- The total customer count was 3,100, including 540 enterprise customers.
- Google selected Fastly’s oblivious HTTP relay for its privacy sandbox initiative.
Headline financials
Revenue & EPS history
Fastly · Revenue · Quarterly
$118M
Forward guidance
Fastly provided guidance for Q2 2023 with total revenue expected to be between $117 million and $120 million, and non-GAAP operating loss between ($18.0) million and ($16.0) million. For the full year 2023, total revenue is expected to be between $495 million and $505 million, and non-GAAP operating loss between ($53.0) million and ($47.0) million.
Tailwinds
- Total Revenue (millions): $117 - $120 (Q2 2023)
- Total Revenue (millions): $495 - $505 (Full Year 2023)
Headwinds
- Non-GAAP Operating Loss (millions): ($18.0) - ($16.0) (Q2 2023)
- Non-GAAP Operating Loss (millions): ($53.0) - ($47.0) (Full Year 2023)
- Non-GAAP Net Loss per share: ($0.11) - ($0.09) (Q2 2023)
- Non-GAAP Net Loss per share: ($0.27) - ($0.21) (Full Year 2023)
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 2023
-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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro