NASDAQ$FSLY
Fastly Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Continued growth and security acceleration.
Fastly's Q3 2021 earnings report showed a 23% year-over-year revenue increase to $87 million, driven by the Signal Sciences acquisition and adoption of their edge platform, but also included a GAAP operating loss of $55 million and a non-GAAP operating loss of $13 million.
- Top-line growth of 23% year-over-year with revenue of $87 million, net of a $0.9 million deferred revenue write-down related to purchase accounting adjustments from the Signal Sciences acquisition
- GAAP gross margin of 52.4%, compared to 58.5% in Q3 2020; non-GAAP gross margin of 57.5%, compared to 59.8% in Q3 2020
- Enterprise customer count increased to 430 from 408 in Q2 2021
- Net Retention Rate (NRR) of 112%, compared to 93% in Q2 2021
Headline financials
Revenue & EPS history
Fastly · Revenue · Quarterly
$86.7M
Forward guidance
Fastly provided Q4 2021 revenue guidance of $90 - $93 million, non-GAAP operating loss of ($18) - ($15) million, and non-GAAP net loss per share of ($0.19) - ($0.16). Full year 2021 revenue is expected to be $347 - $350 million, with a non-GAAP operating loss of ($63) - ($60) million and non-GAAP net loss per share of ($0.58) - ($0.55).
Tailwinds
- Expected revenue between $90 million and $93 million.
- Focus on execution, bringing lasting growth to business.
- Delivering value to shareholders.
- Successfully winning developers onto the platform.
- Driving enterprise adoption and enhancing security offerings.
Headwinds
- Non-GAAP Operating Loss between ($18) million and ($15) million.
- Non-GAAP Net Loss Per Share between ($0.19) and ($0.16).
- Gross margin to remain relatively flat to down slightly in the short to medium term.
- Capital expenditures as a percentage of revenue to be at the high end of previously announced range of 12% to 14% of revenue.
- Customer traffic ramping on platform is uncertain.
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 Q3 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
| 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 | — | — | — |
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