Limelight Networks (LLNW) Tops Q4 EPS by 1c, Revenues Beat; Raises FY20 Revenue Outlook, Maintains FY20 EPS Guidance

Limelight Networks (NASDAQ: LLNW) reported Q4 EPS of $0.05, $0.01 better than the analyst estimate of $0.04. Revenue for the quarter came in at $60.1 million versus the consensus estimate of $59.17 million.

• Record revenue of $60.1 million, up 37 percent year over year, up 17% sequentially
• GAAP basic EPS of $0.02 and Non-GAAP EPS of $0.05
• EBITDA of $8.1 million and Adjusted EBITDA of $11.4 million
• Delivered record traffic, exceeding previous record by over 25%

“The fourth quarter was our best ever performance across multiple financial and non-financial measures as we continued to execute our strategy of focusing on edge services and high-quality video delivery. The business momentum accelerated during the fourth quarter, primarily due to our significant participation in multiple live and on-demand OTT launches by some of the largest media companies in the world. Those companies looked to us as a trusted partner in these launches based on the superior performance of our network, global scale, and strong value proposition, said Bob Lento, Chief Executive Officer at Limelight.

“We are excited about the current and projected industry trends. We believe that we are poised to deliver a record year of volume, revenue and growth on a number of metrics, as our 2020 guidance reflects. OTT launches and demand for low latency-based edge services are predicted to expand globally in 2020 and beyond. We believe that we have unique assets to meet the computational and connectivity challenges of emerging business, both securely and globally. We are grateful for our customers, partners and employees who have helped build this business and position it for continued success,” Mr. Lento added.

GUIDANCE:

Limelight Networks sees FY2020 EPS of $0.00-$0.10, versus the consensus of $0.07. Limelight Networks sees FY2020 revenue of $223-235 million, versus the consensus of $224.86 million.

For earnings history and earnings-related data on Limelight Networks (LLNW) click here.

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