Akamai Technologies, Inc. (AKAM) has secured the requisite approval from the U.S. Bankruptcy Court for the District of Delaware to acquire select assets of the bankrupt media firm Edgio Inc. The to-be-acquired asset portfolio includes certain customer contracts from Edgio's content delivery and security businesses and the non-exclusive license rights to its patents. It excludes the acquisition of Edgio personnel, technology or assets related to the network.Edgio filed for bankruptcy in September this year, ...

Shares of Edgio (EGIO) have gained 4.4% over the past four weeks to close the last trading session at $9.35, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $32.33 indicates a potential upside of 245.8%.The average comprises three short-term price targets ranging from a low of $7 to a high of $50, with a standard deviation of $22.50. While the lowest estimate indicates a decline ...

Exhibit 99.1 Edgio Announces Preliminary Unaudited Fourth Quarter 2023 Financial Results March 15, 2024 Expects Preliminary Q4 2023 Revenue of $93 - $95 Million Total Cash and Cash Equivalents Balance of Approximately $47 Million as of December 31, 2023 Annual Report Delayed due to Change in Auditor PHOENIX — (BUSINESS WIRE)—Mar 15, 2024- Edgio, Inc. (Nasdaq: EGIO) (the "Company"), today announced unaudited financial results for the three months ended December 31, 2023. Todd Hinders, CEO, said, "Customer fo ...

PHOENIX--(BUSINESS WIRE)--Edgio, the platform of choice for speed, security, and simplicity at the edge, today announced that leading airport television network, ReachTV, has selected the company as their media streaming platform. Given that more than 50 percent of ReachTV’s programming comes from live events, they sought a partner that not only had expansive reach and technological expertise, but also had robust live event support to seamlessly deliver its diverse content. Edgio’s Uplynk platform and manag ...

PHOENIX--(BUSINESS WIRE)--Edgio, Inc. (NASDAQ: EGIO) (the “Company”), the platform of choice for speed, scale, security, and simplicity at the edge, today announced that, on March 1, 2024, the Company will file a Certificate of Amendment to its Amended and Restated Certificate of Incorporation (the “Charter”), effecting a one-for-forty (1-for-40) reverse stock split (the “Reverse Stock Split”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”) (the “Certificate of Amendment”). Th ...

PHOENIX & LONDON--(BUSINESS WIRE)--Edgio, the platform of choice for speed, security, and simplicity at the edge, today announced a partnership with KPS, the leading partner for customer-centric business transformation. KPS is known for implementing best-of-breed, agile technology that increases website conversion, customer loyalty, and revenue per client. To meet increasingly demanding consumer expectations, KPS’s enterprise retail clients require the flexibility, scalability, agility, speed-to-market and ...

PHOENIX--(BUSINESS WIRE)--Edgio, Inc. (NASDAQ: EGIO), the platform of choice for speed, security, and simplicity at the edge, today announced that its board of directors has appointed BDO USA, P.C. as the company’s independent registered public accounting firm for the fiscal year ended December 31, 2023, effective immediately. BDO USA, P.C. succeeds Ernst & Young, who resigned as Edgio’s audit firm in December. "We are pleased to welcome BDO as the independent auditor for Edgio," said Todd Hinders, Edgio CE ...

Yes, I'll do that. Look, I think the way to think about the dynamics that you saw with StackPath and Lumen is really two things for us. I think one, I think it underpins the challenges in the traditional way of running the CDN business. And when two companies walk away from that business, literally, it kind of speaks volumes as to the challenges. So -- and that's certainly not new to any of us. I think it also underpins the importance of why we have repositioned the company over the last two years as a edge ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission file number 001-33508 Item Edgio, Inc. Securities registered pursuant to Section 12(b) of the Act; (Exact name of registr ...

Operator Second, we continue to aggressively manage costs. We remain committed to our plans of reducing run rate operating costs by $85 million to $90 million by year-end. In the second quarter, we reduced our cash operating expense by 24% compared to the fourth quarter of 2022 and are on track to successfully complete our cost roadmap for this year. Company Participants Stephen Cumming - CFO Jeff Van Rhee - Craig-Hallum I will now turn your conference over to Sameet Sinha, Vice President of Investor Relati ...