Fastly Announces Third Quarter 2023 Financial Results
Trailing 12 month net retention rate (LTM NRR)1 decreased to 114% in the third quarter from 116% in the second quarter.
- Trailing 12 month net retention rate (LTM NRR)1 decreased to 114% in the third quarter from 116% in the second quarter.
- Total customer count2 was 3,102 in the third quarter, up 30 from the second quarter; 547 were enterprise customers2 in the third quarter, down 4 from the second quarter.
- Remaining performance obligations (RPO)4 was $248 million, up 7% from $231 million in the second quarter of 2023 and up 43% from $173 million in the third quarter of 2022.
- Dollar-Based Net Expansion Rate (DBNER)5 decreased to 120% in the third quarter from 123% in the second quarter.