SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Fastly Inc. (FSLY) on Wednesday reported a loss of $32.9 million in its fourth quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 23 cents. Losses, adjusted for one-time gains and costs, were 3 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The cloud software developer posted revenue of $140.6 million in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $138.8 million.
For the year, the company reported a loss of $158.1 million, or $1.14 per share. Revenue was reported as $543.7 million.
For the current quarter ending in March, Fastly expects its results to range from a loss of 9 cents per share to a loss of 5 cents per share.
The company said it expects revenue in the range of $136 million to $140 million for the fiscal first quarter.
Fastly expects full-year results to range from a loss of 15 cents per share to a loss of 9 cents per share, with revenue ranging from $575 million to $585 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSLY at https://www.zacks.com/ap/FSLY
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