Limelight Networks (LLNW) Misses Q3 EPS by 3c, Slight Beat on Revenues; Lowers FY20 EPS Guidance, Maintains FY20 Revenue Outlook

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Go back to Limelight Networks (LLNW) Misses Q3 EPS by 3c, Slight Beat on Revenues; Lowers FY20 EPS Guidance, Maintains FY20 Revenue Outlook

Limelight Networks Reports Financial Results for the Third Quarter of 2020

October 22, 2020 4:01 PM EDT

Record third quarter revenue of $59.2 million, up 15% year over year GAAP basic EPS of $(0.03) and Non-GAAP EPS of $(0.01) Adjusted EBITDA of $5.6 million Issued $125.0 million senior convertible notes due 2025

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Limelight Networks, Inc. (Nasdaq: LLNW) (Limelight), a leading provider of video delivery and edge cloud services, today reported record revenue of $59.2 million for the third quarter of 2020, up 15 percent, compared to $51.3 million in the third quarter of 2019.

Limelight reported a GAAP net loss of $4.0 million, or $(0.03) per... More