CDN77 Says Revenue Grew to $175 Million in 2024, Up From $145 Million in 2023

While revenue growth declined for most CDNs in 2024, it’s great to see that CDN77 grew to $175 million in revenue, up from $145 million in 2023. The company tells me it is cash-flow positive and has no debt. All of its revenue comes from delivery, and it does not offer security or compute services. The company has thousands of customers, of which over 300 are enterprise customers, which they define as a minimum ARR of $50,000.

During Edgio’s bankruptcy auction, CDN77 provided free services to select customers, giving them time to evaluate their next steps and/or integrate without double billing. The company said this approach allowed them to convert many customers into paying customers once they joined its network. I wish more private companies were as transparent with their numbers.