Company: FSLY
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001517413-25-000111
Chunk: 326

Company: Fastly, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 326
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 to date information. 

Our customers’ ecommerce solutions use Fastly’s edge compute functionality to deliver very low-latency customer experiences, including providing better recommendations to their shoppers, converting more shopping carts into sales and executing fast and secure financial transactions. Content streaming organizations leverage Fastly’s platform to deliver content to users around the world and those that livestream gain easy access to enormous edge compute resources for even greater reliability. The range of applications that developers build with our edge cloud platform continues to expand rapidly.

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Our mission is to make the Internet a better place where all experiences are fast, safe, and engaging. We want all developers to have the ability to deliver the next transformative digital experience on a global scale. And because big ideas often start small, we love it when developers experiment and iterate on our platform, coming up with exciting new ways to solve today’s complex problems. 

For the three months ended March 31, 2025 and 2024, our revenue was $144.5 million and $133.5 million, respectively, an increase of 8%. For the three months ended March 31, 2025 and 2024, we incurred a net loss of $39.1 million and $43.4 million, respectively.

Our 10 largest customers generated an aggregate of 32% and 38% of our revenue in the trailing 12 months ended March 31, 2025 and 2024, respectively. 

No single customer accounted for more than 10% of our revenue for each of the three months ended March 31, 2025 and 2024. No affiliated customers that are business units of a single company generated more than 10% of our revenue for the three months ended March 31, 2025. Affiliated customers that are business units of a single company in the streaming entertainment space generated an aggregate of 12% of our revenue for the three months ended March 31, 2024. 

We focus our direct selling efforts on expanding our customers’ use of our platform, which includes companies that are exhibiting significant growth. We engage with and support these customers with our field sales representatives, account managers, and technical account managers who focus on customer satisfaction and drive expansion of their usage of our platform and products. These teams work with technical and business leaders to help our customers’ end users receive the best possible digital experience, while also lowering our customers’ total cost of ownership. These direct selling efforts are reflected by the revenue generated by our enterprise customers. Our Last-T