Fastly Eyes 14.8% Q4 Revenue Growth to $161.4M After Last Quarter Beat
Fastly's Q4 revenue is expected at $161.4 million, reflecting 14.8% year-on-year growth following a prior quarter beat of 4.7% with $158.2 million revenue and outperformance of EBITDA and EPS guidance. Fastly has exceeded top-line estimates in all but one of its past eight quarters, averaging a 2.2% beat.
1. Q4 Revenue and EPS Expectations
Fastly is projected to deliver $161.4 million in Q4 revenue, up 14.8% year-on-year, and adjusted earnings of $0.06 per share, marking a notable acceleration from the 2% growth recorded in the same quarter last year.
2. Prior Quarter Performance
In the previous quarter, Fastly reported $158.2 million in revenue, a 15.3% increase year-on-year that beat consensus by 4.7%, while also surpassing EBITDA and EPS guidance.
3. Peer Performance and Market Context
Peer CDN providers F5 and Dynatrace posted revenue gains of 7.3% and 18.2%, respectively, both topping estimates, as software development stocks declined an average 17.9% over the past month and Fastly fell 6.3%, trading below its $10.57 average analyst price target.