Fastly Stock Surges 75% On Earnings Beat. Rival Akamai Advances.

Core Insights - Fastly reported fourth quarter earnings that exceeded estimates, driven by increased network traffic from artificial intelligence applications [1] - Adjusted earnings for Q4 were 12 cents per share, a significant increase of 700% from a loss of 2 cents in the same period last year [1] - Revenue for the quarter rose by 23% year-over-year, reaching $172.6 million [1] Financial Performance - Adjusted earnings per share: 12 cents, up from a loss of 2 cents [1] - Revenue: $172.6 million, representing a 23% increase from the previous year [1] Market Reaction - Fastly's stock experienced a significant increase following the earnings report, indicating positive market sentiment [1]