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Edgio Reports 2022 Second Quarter Financial Results

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Outline

We remain very excited about our path forward as Edgio and the foundation in place to be the global leader in edge-enabled solutions for the outcome buyer.

Bob Lyons – CEO

Earlier this week, we were pleased to report a record second quarter, our first as Edgio, with revenue of $74.3 million – up 54% year-over-year. This continues our momentum with four consecutive quarters of improved profitability, expanded market share, and an extended product portfolio – bolstered by two transformative acquisitions, the most recent being the Edgecast acquisition completed in June. Our 2022 second quarter revenue was ahead of plan and a historical best.

Other highlights include:

  • Limelight contributed $61.5 million, a 27% year over year expansion, resulting from core business growth and the addition of Layer0 revenue.

  • Edgecast contributed $12.8 million in the quarter.

  • Gross margin was 30%, up 1050 basis points year over year.

  • We updated 2022 guidance and shared our initial outlook for 2023.

We remain very excited about our path forward as Edgio and the foundation in place to be the global leader in edge-enabled solutions for the outcome buyer.

For additional details on our Q2 results: