Fastly, Inc. (NYSE:FSLY) UBS Global Technology Conference November 29, 2023 12:55 PM ET Company Participants Todd Nightingale - CEO Ron Kisling - CFO Conference Call Participants Roger Boyd - UBS Roger Boyd Welcome, everyone. Thank you all for being here at the UBS Tech Conference. I’m Roger Boyd. I cover cybersecurity infrastructure software. Very happy to have the management team from Fastly up here with me, CEO, Todd Nightingale and CFO, Ron Kisling. So thank you both for being here. Todd Nightingale Tha ...

Fastly, Inc. (NYSE:FSLY) D.A. Davidson Technology Summit November 16, 2023 11:45 AM ET Company Participants Todd Nightingale - CEO Ron Kisling - CFO Conference Call Participants Rudy Kessinger - D.A. Davidson Rudy Kessinger Okay. Great. So my name is Rudy Kessinger. I am the lead security and infrastructure software analyst here at DA Davidson. With me today we have management of Fastly. We've got CEO, Todd Nightingale and CFO, Ron Kisling, joining us today. So thank you both for your time. Todd Nightingale ...

Fastly, Inc. (NYSE:FSLY) RBC Capital Markets 2023 Technology, Internet, Media and Telecommunications Conference November 15, 2023 11:20 AM ET Company Participants Todd Nightingale - CEO Ron Kisling - CFO Conference Call Participants Rishi Jaluria - RBC Capital Markets Rishi Jaluria Welcome back everyone. Thanks so much for joining us. My name is Rishi Jaluria. I cover software here at RBC. I'm delighted to have with me from Fastly, both the CEO, Todd Nightingale; and CFO, Ron Kisling. Thank you guys for bei ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________ FORM 10-Q ____________________________ ☒ 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: 001-38897 ____________________________ FASTLY, INC. (Exact name of registrant as ...

Fastly, Inc. (NYSE:FSLY) Q3 2023 Earnings Conference Call November 1, 2023 4:30 PM ET Company Participants Vernon Essi - IR Todd Nightingale - CEO Ron Kisling - CFO Conference Call Participants Frank Louthan - Raymond James Jonathan Ho - William Blair James Fish - Piper Sandler Richard Poland - RBC Capital Markets Will Power - Baird Tim Horan - Oppenheimer Rudy Kessinger - D.A. Davidson Fatima Boolani - Citi Tom Blakey - KeyBanc Capital Markets Madeline Brooks - Bank of America Operator Ladies and gentlemen ...

Fastly, Inc. (NYSE:FSLY) Piper Sandler Growth Frontiers Conference September 13, 2023 3:00 PM ET Company Participants Todd Nightingale - CEO Conference Call Participants Unidentified Company Representative Well, we have a decent crowd here, so we might as well get started. I mean, it’s enlightening the conference and as you just said, we have a decent crowd. So, first off, of course, thank you to you both, Todd and Vern for joining us, Fastly. Format, I’ve been running here, last five minutes or so, I’ll op ...

Fastly, Inc. (NYSE:FSLY) KeyBanc Technology Leadership Forum 2023 August 7, 2023 4:30 PM ET Company Participants Vernon Essi - IR Ron Kisling - CFO Conference Call Participants Tom Blakey - KeyBanc Capital Markets Tom Blakey My name is Tom Blakey. For those who don't know, I'm the Infrastructure Technology and Software Analyst here at KeyBanc. And I'm grateful to have the CFO here, Ron Kisling; and the Head of Investor Relations, Vernon Essi. Just kicking it right off, you guys had a great quarter. Stock ac ...

Fastly, Inc. (NYSE:FSLY) Q2 2023 Results Conference Call August 2, 2023 4:30 PM ET Company Participants Vernon Essi - IR Todd Nightingale - CEO Ron Kisling - CFO Conference Call Participants James Fish - Piper Sandler Frank Louthan - Raymond James Sanjit Singh - Morgan Stanley Jonathan Ho - William Blair Rich Poland - RBC Operator Hello. Good afternoon. My name is Jeremy, and I will be your conference operator today. At this time, I would like to welcome everyone to the Fastly Second Quarter 2023 Earnings C ...

Revenue Performance - Revenue for the three months ended June 30, 2023, was $122.8 million, a 20% increase from $102.5 million in the same period of 2022[154]. - For the six months ended June 30, 2023, revenue was $240.4 million, up 17% from $204.9 million in the same period of 2022[154]. - U.S. revenue for the three months ended June 30, 2023, was $89.9 million, accounting for 73% of total revenue, an 18% increase from $76.1 million in the same period of 2022[213]. - International revenue for the three months ended June 30, 2023, was $33.0 million, representing a 25% increase from $26.5 million in the same period of 2022[213]. - Revenue is primarily derived from usage-based fees and fixed-rate recurring revenue from security and other products and services[192]. Customer Metrics - The company's 10 largest customers accounted for 36% of revenue in the trailing 12 months ended June 30, 2023, compared to 33% in 2022[155]. - As of June 30, 2023, the Total Customer Count using the new methodology was 3,072, an increase from 3,025 in the same period of 2022, while the prior methodology reported 2,965 customers compared to 2,894 in 2022[175][178]. - The Enterprise Customer Count under the new methodology reached 551 as of June 30, 2023, up from 499 in 2022, while the prior methodology reported 520 enterprise customers compared to 471 in 2022[182][181]. - The Average Enterprise Customer Spend increased to $818 thousand under the new methodology as of June 30, 2023, compared to $742 thousand in 2022, while the prior methodology reported $809 thousand versus $730 thousand in 2022[185][184]. Financial Loss and Profitability - Net loss for the three months ended June 30, 2023, was $10.7 million, an improvement from a net loss of $16.4 million in the same period of 2022[155]. - Gross profit for the three months ended June 30, 2023, was $64.2 million, representing a 39% increase from $46.1 million in the same period of 2022[219]. - Operating expenses for the three months ended June 30, 2023, totaled $114.0 million, a slight decrease of 1% compared to $115.0 million in the same period of 2022[221]. - The net loss attributable to common stockholders for the three months ended June 30, 2023, was $10.7 million, compared to a net loss of $16.4 million in the same period of 2022[207]. Research and Development - Research and development expenses as a percentage of revenue were 30% for the three months ended June 30, 2023, down from 38% in the same period of 2022[169]. - Research and development expenses for the three months ended June 30, 2023, were $37.4 million, a decrease of 3% from $38.7 million in the same period of 2022[222]. - Research and development expenses decreased by $4.3 million, or 5%, to $74.9 million for the six months ended June 30, 2023, compared to $79.2 million for the same period in 2022[223]. Cash Flow and Liquidity - As of June 30, 2023, cash, cash equivalents, and marketable securities totaled $475.4 million[236]. - Net cash provided by operating activities was $16.1 million for the six months ended June 30, 2023, compared to cash used of $29.9 million for the same period in 2022[243]. - The company expects cash and cash equivalents, along with available borrowing capacity, to be sufficient for anticipated cash needs for at least the next 12 months[238]. - Cash provided by investing activities for the six months ended June 30, 2023 was $324.5 million, mainly from $342.9 million of maturities and sales of marketable securities[247]. - Cash used in financing activities for the six months ended June 30, 2023 was $210.9 million, primarily for debt extinguishment of $196.9 million[249]. Cost Structure - Cost of revenue includes fees paid to network providers and third-party data centers, with expectations for a decrease in cost as a percentage of revenue over the long term[195]. - Cost of revenue for the three months ended June 30, 2023, was $58.6 million, a 4% increase from $56.5 million in the same period of 2022[217]. - Gross margin for the three months ended June 30, 2023, improved to 52%, up from 45% in the same period of 2022[219]. - General and administrative expenses are expected to decline as a percentage of revenue as the company implements sales tax collection mechanisms[202]. Expansion and Strategy - The global network spans 79 markets across 35 countries as of June 30, 2023[170]. - The company plans to continue investing in its platform and network infrastructure to support revenue growth and customer needs[169]. - The company aims to expand its customer base across diverse industry verticals by enhancing product experience and leveraging its partner ecosystem[157]. - International expansion efforts are ongoing, with the edge network present in 58 markets and 34 countries outside the United States as of June 30, 2023[164]. Debt and Interest - Net gain on extinguishment of debt was $36.8 million for both the three and six months ended June 30, 2023, a decrease of $17.6 million, or 32%, compared to $54.4 million for the same periods in 2022[228]. - Interest income increased by $6.5 million, or 298%, to $8.7 million for the six months ended June 30, 2023, compared to $2.2 million for the same period in 2022[230]. - Interest expense decreased by $0.8 million, or 22%, to $2.4 million for the six months ended June 30, 2023, compared to $3.2 million for the same period in 2022[232]. - Other expense, net decreased by $0.9 million, or 46%, to $1.1 million for the six months ended June 30, 2023, compared to $2.0 million for the same period in 2022[234]. Accounts Receivable - The company experienced a net increase in accounts receivable of $10.2 million due to business growth and timing of cash receipts[245].

Fastly, Inc. (NYSE:FSLY) BofA Securities 2023 Global Technology Conference June 8, 2023 2:20 PM ET Company Participants Vernon Essi - Investor Relations Ron Kisling - Chief Financial Officer Unidentified Company Representative So there are only a few people in the room. But there are more people on the webcast. And I can say very, very few times in my career, I was happy to upgrade the stock and have such a tremendous impact immediately after. Normally I upgrade the stock, and then I explain why it's too ea ...