Fastly Q2 Earnings: Revenue of $75M, up 62% y/o/y; Loss of $14M; Raises Full-Year 2020 Guidance to $290-$300M

Dan Rayburn | Wednesday August 5, 2020 | 05:19 PM | Comments (0)

Fastly announced their Q2 2020 financial results on Wednesday and here are the highlights:

First quarter of positive EBITDA
Revenue of $75M, up 62% y/o/y; Loss of $14M
Total customer count increased to 1,951 up from 1,837 in Q1 2020 — the largest quarterly growth since their IPO
Total enterprise customer count of 304, up from 297 in Q1 2020
Average enterprise customer spend of approximately $716,000, up from $642,000 in Q1 2020
Capital expenditures of $3.1 million, or 4% of revenue
As of Q2 2020, Fastly was in 55 markets, providing access to 100 Tb/sec. of global network capacity
Stock down -$15.85 (14.55%) after hours as of 5:15pm ET
Q2 shareholder letter here