Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 296

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 296
---
Revenue was $148.7 million for the three months ended June 30, 2025, compared to $132.4 million for the three months ended June 30, 2024, an increase of $16.3 million, or 12%. Revenue was $293.2 million for the six months ended June 30, 2025, compared to $265.9 million for the six months ended June 30, 2024, an increase of $27.3 million, or 10%.

In both the three and six months ended June 30, 2025 and 2024, approximately 95% of our revenue was driven by usage on our platform. Revenue was primarily from existing customers, as revenue from new customers contributed less than 10% of our revenue. The proportion of the revenue contribution between new and existing customers is consistent with prior periods and typical customer behavior as customers tend to contribute more revenue over time as their use of the platform 

43

increases. The remainder of our revenue was generated by our other products and services, including support and professional services.

Network Services revenue was $114.9 million for the three months ended June 30, 2025, compared to $104.2 million for the three months ended June 30, 2024, an increase of $10.7 million, or 10%. The increase in Network Services revenue was primarily driven by growth in usage from existing customers. Security revenue was $29.3 million for the three months ended June 30, 2025, compared to $25.4 million for the three months ended June 30, 2024, an increase of $3.9 million, or 15%. The increase in Security revenue was primarily driven by an increase in Next-Gen WAF revenue. Other revenue was $4.5 million for the three months ended June 30, 2025, compared to $2.8 million for the three months ended June 30, 2024, an increase of $1.7 million, or 60%. The increase in Other revenue was primarily driven by further adoption of our Compute solutions.

Network Services revenue was $228.1 million for the six months ended June 30, 2025, compared to $210.2 million for the six months ended June 30, 2024, an increase of $17.9 million, or 9%. The increase in Network Services revenue was primarily driven by growth in usage from existing customers. Security