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Fastly

Fastly (FSLY) Q1 2025 Earnings

Reported May 7, 2025 at 4:08 PM ET · SEC Source

Q1 25 EPS

$-0.05

BEAT +19.61%

Est. $-0.06

Q1 25 Revenue

$144.5M

BEAT +4.39%

Est. $138.4M

vs S&P Since Q1 25

+155.1%

BEATING MARKET

FSLY +186.9% vs S&P +31.8%

Market Reaction

Did FSLY Beat Earnings? Q1 2025 Results

Fastly posted a stronger-than-expected first quarter, reporting record revenue of $144.47 million, up 8.2% year-over-year and ahead of the $138.39 million consensus estimate by 4.39%, while its non-GAAP loss of $0.05 per share beat the $0.06 estimate… Read more Fastly posted a stronger-than-expected first quarter, reporting record revenue of $144.47 million, up 8.2% year-over-year and ahead of the $138.39 million consensus estimate by 4.39%, while its non-GAAP loss of $0.05 per share beat the $0.06 estimate by 19.61%. The content delivery and security platform credited the outperformance largely to progress in its go-to-market transformation and deepening traffic share with large enterprise customers, a dynamic that showed up clearly in non-top-ten customer revenue growing 17% year-over-year and enterprise customer count rising to 595. Free cash flow swung to a positive $8.21 million from negative $2.19 million a year ago, marking a meaningful shift in the company's financial trajectory. Remaining Performance Obligations jumped 24% sequentially to $303.00 million, reinforcing confidence in the raised full-year 2025 revenue guidance of $585.00 million to $595.00 million, with Q2 revenue expected in the range of $143.00 million to $147.00 million as the company continues expanding its security and compute offerings.

Key Takeaways

  • • Go-to-market transformation driving upside results
  • • Accelerated product release velocity
  • • Growing traffic share with large enterprise customers
  • • Revenue from non-top-ten customers grew 17% year-over-year
  • • Product package deals more than doubled year-over-year
  • • New logo packages grew over 80% year-over-year
24/7 Wall St

FSLY YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

24/7 Wall St

FSLY Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Fastly outperformed our revenue and operating loss guidance in the first quarter, delivering positive free cash flow. We made great progress in our go-to-market transformation, product release velocity, and growing traffic share with our large enterprise customers which all drove upside in our results.”

— Todd Nightingale, Q1 2025 Earnings Press Release

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