Fastly Reports Revenue Growth, Net Loss Swells

Fastly (NYSE:FSLY), a global content delivery network (CDN) and cloud services provider, released its second-quarter results on August 7, 2024.The company reported revenue of $132.4 million, an 8% increase from $122.8 million year-over-year, which met the midpoint of its prior guidance. However, Fastly continued to struggle with cost management, recording a net loss under generally accepted accounting principles (GAAP) of $43.7 million, a substantial increase from the $10.7 million loss reported in the second quarter of the previous year.While the quarter showed revenue growth and a boost in customer acquisition, the significant net losses and demand challenges from key customers tempered the overall positive outlook. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool