Shares of Fastly, Inc. (NYSE: FSLY) surged 6.62% in after-hours trading on Wednesday, following the company's release of better-than-expected second-quarter earnings and announcements of key leadership changes. The cloud computing services provider demonstrated solid financial performance and strategic moves that appear to have boosted investor confidence.

Fastly reported a quarterly loss of $(0.03) per share, beating analyst estimates of $(0.05) by 38.78%. This represents a significant improvement from the $(0.07) loss per share in the same period last year. The company's revenue also exceeded expectations, coming in at $148.70 million, a 2.60% beat over the consensus estimate of $144.93 million. Year-over-year, Fastly's sales grew by an impressive 12.34% from $132.37 million.

Adding to the positive momentum, Fastly announced key changes to its executive team. The company appointed Richard Wong as its new Chief Financial Officer, effective August 11, 2025. Additionally, Scott Lovett was promoted to the role of President, Go to Market. These leadership moves, coupled with the strong financial results, seem to have resonated well with investors, contributing to the stock's significant after-hours rally.