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SAN FRANCISCO - Fastly, Inc. (NYSE:FSLY) saw its shares jump 3.8% in after-hours trading on Wednesday after the edge cloud platform provider reported better-than-expected first quarter results and raised its full-year outlook.
The company posted Q1 revenue of $144.5 million, up 8% YoY and surpassing analyst estimates of $138 million. Adjusted loss per share came in at $0.05, narrower than the $0.06 loss analysts had projected.
"Fastly outperformed our revenue and operating loss guidance in the first quarter, delivering positive free cash flow," said CEO Todd Nightingale. He noted progress in the company’s go-to-market transformation and growing traffic share with large enterprise customers drove the upside.
For Q2, Fastly expects revenue between $143-147 million, above the $140 million consensus. The company raised its full-year 2025 revenue guidance to $585-595 million, up from its previous outlook of $578 million.
Fastly generated positive free cash flow of $8.2 million in Q1, compared to negative $2.2 million in the year-ago quarter. The company ended the quarter with 595 enterprise customers, up 18 from Q1 2024.
"We are raising our financial guidance for 2025 and plan to enrich our current revenue mix with the platform enhancements we’ve recently shipped in security and compute," Nightingale added. "We believe this will improve our financial performance and allow Fastly to deliver strong, lasting shareholder returns."
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