Fastly, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 14, 2024 at 04:05 pm EST
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Fastly, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 137.78 million compared to USD 119.32 million a year ago. Net loss was USD 23.39 million compared to USD 46.65 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 0.38 a year ago.
For the full year, sales was USD 505.99 million compared to USD 432.73 million a year ago. Net loss was USD 133.09 million compared to USD 190.77 million a year ago. Basic loss per share from continuing operations was USD 1.03 compared to USD 1.57 a year ago.
Fastly, Inc. provides a programmable edge cloud platform that helps the worldâs brands deliver online experiences possible through edge compute, delivery, security, and observability offerings, improving site performance, and enhancing security at a global scale. The Company enables developers to deliver secure Websites and apps. The edge cloud is a category of Infrastructure as a Service (IaaS) that enables developers to build, secure, and deliver digital experiences at the edge of the Internet. Its network services are designed to speed up and optimize the delivery of Web and application traffic while ensuring developers and engineers do not lose visibility or control. The Companyâs professional services include network services, managed security service, and response security service. The Company offers three levels of support plans and available technical support add-ons with dedicated technical specialists and account managers that provide extended security expertise.
FASTLY, INC. 
