NASDAQ$FSLY

Fastly Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Fastly reported record fourth quarter revenue, exceeding guidance, with mixed financial results and strategic advancements.

Fastly announced record fourth quarter revenue of $140.6 million, exceeding their guidance range. While revenue grew year-over-year, the company reported a GAAP net loss of $32.9 million and a non-GAAP net loss of $3.8 million for the quarter. Key metrics like net retention rate saw a slight decrease, but the company highlighted strategic advancements in product offerings and customer growth.

  • Fastly achieved record fourth quarter revenue of $140.6 million, surpassing the high end of their guidance.
  • The company reported a GAAP net loss of $32.9 million and a non-GAAP net loss of $3.8 million for the fourth quarter.
  • Fastly introduced several new products and enhancements, including DDoS Protection, AI Accelerator, Object Storage, and Log Explorer & Insights.
  • Enterprise customer count increased to 596, and customer packages grew significantly year-over-year.

Headline financials

Total Revenue

$141M

Previous: $138M+2.0%
EPS (adj)

-$0.03

Previous: $0.01-400.0%
Enterprise customer count

596

No prior period
Top ten customer revenue percentage

32.0%

Previous: 40.0%-20.0%
Remaining Performance Obligations

$228M

Previous: $235M-3.0%
Capital Expenditures

-$10.6M

Previous: -$8.6M-23.0%
Net Income

-$32.9M

Previous: -$23.4M-40.6%
Operating Income

-$34.3M

Previous: -$42.6M+19.4%
Gross Profit

$75.1M

Previous: $75.8M-0.9%
R&D Expense

$32.7M

Previous: $37.9M-13.6%

Revenue & EPS history

Fastly · Revenue · Quarterly

$141M

Q4 2024+2%vs Q4 2023
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Forward guidance

Fastly provided guidance for Q1 2025 and the full year 2025, anticipating continued revenue growth but also projecting non-GAAP operating losses and net losses per share.

Tailwinds

  • Projected Q1 2025 revenue of $136.0 million to $140.0 million.
  • Projected Full Year 2025 revenue of $575.0 million to $585.0 million.
  • Continued focus on efficient customer acquisition and long-term revenue growth.
  • Strengthened balance sheet entering 2025.
  • Motivated go-to-market team to drive future performance.

Headwinds

  • Projected Q1 2025 non-GAAP operating loss of $11.0 million to $7.0 million.
  • Projected Q1 2025 non-GAAP net loss per share of $0.09 to $0.05.
  • Projected Full Year 2025 non-GAAP operating loss of $15.0 million to $9.0 million.
  • Projected Full Year 2025 non-GAAP net loss per share of $0.15 to $0.09.
  • Uncertainty of future expenses and their potential material impact on GAAP financial results.

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 Q4 2024

Historical avgQ4 2024

-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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