Fastly Reports Q3 Earnings Beat on Revenue and Non-GAAP EPS
Fastly (FSLY) reported third-quarter financial results that exceeded market expectations for both top and bottom lines. The company posted a non-GAAP earnings per share (EPS) of $0.17, surpassing the consensus estimate of $0.13 by $0.05. Revenue reached $190.1 million, representing a 20.2% year-over-year increase and beating analyst estimates by $2.3 million. A key operational highlight includes the Last Twelve Months (LTM) Net Retention Rate (NRR), which climbed to 119%, marking its highest level since the fourth quarter of 2022. This improvement in retention suggests strengthening customer loyalty and expansion within Fastly's existing user base.
Tickers: $FSLY