Cloud computing firm Fastly Q2 revenue beats estimates, raises 2025 guidance

Reuters
Aug 07
Cloud computing firm <a href="https://laohu8.com/S/FSLY">Fastly</a> <a href="https://laohu8.com/S/QTWO">Q2</a> revenue beats estimates, raises 2025 guidance

Overview

  • Fastly Q2 2025 revenue of $148.7 mln beats analyst expectations, per LSEG data

  • Adjusted EPS loss of $0.03 beats consensus estimates, per LSEG data

  • Company raises full-year 2025 financial guidance, expects positive free cash flow

Outlook

  • Fastly raises 2025 revenue guidance to $594 mln - $602 mln

  • Company expects Q3 2025 revenue of $149 mln - $153 mln

  • Fastly projects 2025 non-GAAP operating loss of $9 mln - $3 mln

  • Company anticipates positive free cash flow for full year 2025

Result Drivers

  • CUSTOMER ACQUISITION - Increased customer acquisition and expanded cross-sell opportunities driving record revenue, per CEO Kip Compton

  • PRODUCT PACKAGE DEALS - Product package deals grew over 50% year-over-year, contributing to revenue growth

  • RPO INCREASE - Record RPO of $315 mln, up 41% year-over-year, reflecting higher customer commitments

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$148.71 mln

$144.90 mln (10 Analysts)

Q2 Adjusted EPS

Beat

-$0.03

-$0.05 (10 Analysts)

Q2 EPS

-$0.26

Q2 Net Income

-$37.54 mln

Q2 Gross Margin

54.5%

Q2 Gross Profit

$81.12 mln

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the it services & consulting peer group is "buy."

  • Wall Street's median 12-month price target for Fastly Inc is $6.75, about 5.5% above its August 5 closing price of $6.38

Press Release: ID:nBwbg6rz6a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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