Edgio (EGIOQ) 10-Q 9 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2022	Nov. 04, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-33508
Entity Registrant Name	EDGIO, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-1677033
Entity Address, Address Line One	11811 North Tatum Blvd.
Entity Address, Address Line Two	Suite 3031
Entity Address, City or Town	Phoenix
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85028
City Area Code	602
Local Phone Number	850-5000
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	EGIO
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		221,584,775
Entity Central Index Key	0001391127
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 59,306	$ 41,918
Marketable securities	11,444	37,367
Accounts receivable, net	122,397	42,217
Income taxes receivable	59	61
Prepaid expenses and other current assets	28,775	13,036
Total current assets	221,981	134,599
Property and equipment, net	91,670	33,622
Operating lease right of use assets	6,680	6,338
Marketable securities, less current portion	40	40
Deferred income taxes	2,745	1,893
Goodwill	171,065	114,511
Intangible assets, net	67,738	14,613
Other assets	7,780	5,485
Total assets	569,699	311,101
Current liabilities:
Accounts payable	39,755	11,631
Deferred revenue	6,357	3,266
Operating lease liability obligations	4,396	1,861
Income taxes payable	433	873
Other current liabilities	86,754	19,292
Total current liabilities	137,695	36,923
Convertible senior notes, net	122,416	121,782
Operating lease liability obligations, less current portion	10,511	9,616
Deferred income taxes	95	308
Deferred revenue, less current portion	2,938	116
Other long-term liabilities	710	777
Total liabilities	274,365	169,522
Commitments and contingencies
Stockholders’ equity:
Convertible preferred stock, $0.001 par value; 7,500 shares authorized; no shares issued and outstanding	0	0
Common stock, $0.001 par value; 300,000 shares authorized; 221,583 and 134,337 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	222	134
Common stock contingent consideration	16,300	0
Additional paid-in capital	797,508	576,807
Accumulated other comprehensive loss	(13,462)	(8,345)
Accumulated deficit	(505,234)	(427,017)
Total stockholders’ equity	295,334	141,579
Total liabilities and stockholders’ equity	$ 569,699	$ 311,101

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Convertible preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Convertible preferred stock, shares authorized (in shares)	7,500,000	7,500,000
Convertible preferred stock, shares issued (in shares)	0	0
Convertible preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	221,583,000	134,337,000
Common stock, shares outstanding (in shares)	221,583,000	134,337,000

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Revenue		$ 121,156	$ 55,202	$ 253,426	$ 154,745
Cost of revenue:
Cost of services	[1]	74,421	33,687	155,578	99,708
Depreciation — network		9,841	5,685	20,833	17,293
Total cost of revenue		84,262	39,372	176,411	117,001
Gross profit		36,894	15,830	77,015	37,744
Operating expenses:
General and administrative		22,198	10,532	64,958	30,944
Sales and marketing		14,428	5,987	33,001	21,619
Research and development		30,173	5,205	51,911	16,520
Depreciation and amortization		5,943	730	8,483	1,818
Restructuring charges		4,070	1,770	9,136	10,798
Total operating expenses		76,812	24,224	167,489	81,699
Operating loss		(39,918)	(8,394)	(90,474)	(43,955)
Other income (expense):
Interest expense		(1,317)	(1,308)	(3,945)	(3,899)
Interest income		140	17	200	104
Other, net		(1,082)	(209)	(2,941)	(864)
Total other expense		(2,259)	(1,500)	(6,686)	(4,659)
Loss before income taxes		(42,177)	(9,894)	(97,160)	(48,614)
Income tax expense (benefit)		440	211	(18,943)	718
Net loss		$ (42,617)	$ (10,105)	$ (78,217)	$ (49,332)
Net loss per share:
Basic (in dollars per share)		$ (0.19)	$ (0.08)	$ (0.46)	$ (0.39)
Diluted (in dollars per share)		$ (0.19)	$ (0.08)	$ (0.46)	$ (0.39)
Weighted-average shares used in per share calculation:
Basic (shares)		220,194	126,791	169,166	125,710
Diluted (shares)		220,194	126,791	169,166	125,710
[1]Cost of services excludes amortization related to intangible assets, including technology, customer relationships, and trade names, which are included in depreciation and amortization in total operating expenses.

Unaudited Consolidated Statem_2

Unaudited Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (42,617)	$ (10,105)	$ (78,217)	$ (49,332)
Other comprehensive loss, net of tax:
Unrealized gain on investments	46	3	13	32
Foreign currency translation loss	(2,095)	(529)	(5,130)	(1,012)
Other comprehensive loss	(2,049)	(526)	(5,117)	(980)
Comprehensive loss	$ (44,666)	$ (10,631)	$ (83,334)	$ (50,312)

Unaudited Consolidated Statem_3

Unaudited Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative effect of adoption of new accounting pronouncement	Common Stock	Common Stock Contingent Consideration	Additional Paid-In Capital	Additional Paid-In Capital Cumulative effect of adoption of new accounting pronouncement	Accumulated Other Comprehensive Loss	Accumulated Deficit	Accumulated Deficit Cumulative effect of adoption of new accounting pronouncement
Beginning balance, shares at Dec. 31, 2020			123,653
Beginning balance at Dec. 31, 2020	$ 175,192	$ (20,056)	$ 124		$ 556,512	$ (21,733)	$ (7,511)	$ (373,933)	$ 1,677
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(49,332)							(49,332)
Change in unrealized gain on available-for-sale investments, net of taxes	32						32
Foreign currency translation adjustment, net of taxes	(1,012)						(1,012)
Exercise of common stock options (in shares)			1,935
Exercise of common stock options	4,547		$ 2		4,545
Vesting of restricted stock units (in shares)			1,401
Vesting of restricted stock units	0		$ 1		(1)
Restricted stock units surrendered in lieu of withholding taxes (in shares)			(410)
Restricted stock units surrendered in lieu of withholding taxes	(1,314)				(1,314)
Issuance of common stock under employee stock purchase plan (in shares)			355
Issuance of common stock under employee stock purchase plan	913				913
Share-based compensation	13,920				13,920
Issuance of common stock and common stock for contingent consideration for business acquisition (in shares)			6,878
Issuance of common stock for business acquisition	18,433		$ 7		18,426
Ending balance, shares at Sep. 30, 2021			133,812
Ending balance at Sep. 30, 2021	141,323		$ 134		571,268		(8,491)	(421,588)
Beginning balance, shares at Jun. 30, 2021			126,705
Beginning balance at Jun. 30, 2021	130,884		$ 127		550,205		(7,965)	(411,483)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(10,105)							(10,105)
Change in unrealized gain on available-for-sale investments, net of taxes	3						3
Foreign currency translation adjustment, net of taxes	(529)						(529)
Vesting of restricted stock units (in shares)			306
Restricted stock units surrendered in lieu of withholding taxes (in shares)			(77)
Restricted stock units surrendered in lieu of withholding taxes	(217)				(217)
Share-based compensation	2,854				2,854
Issuance of common stock and common stock for contingent consideration for business acquisition (in shares)			6,878
Issuance of common stock for business acquisition	18,433		$ 7		18,426
Ending balance, shares at Sep. 30, 2021			133,812
Ending balance at Sep. 30, 2021	$ 141,323		$ 134		571,268		(8,491)	(421,588)
Beginning balance, shares at Dec. 31, 2021	134,337		134,337
Beginning balance at Dec. 31, 2021	$ 141,579		$ 134	$ 0	576,807		(8,345)	(427,017)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(78,217)							(78,217)
Change in unrealized gain on available-for-sale investments, net of taxes	13						13
Foreign currency translation adjustment, net of taxes	(5,130)						(5,130)
Exercise of common stock options (in shares)			3,515
Exercise of common stock options	8,633		$ 4		8,629
Vesting of restricted stock units (in shares)			2,837
Vesting of restricted stock units	0		$ 3		(3)
Restricted stock units surrendered in lieu of withholding taxes (in shares)			(934)
Restricted stock units surrendered in lieu of withholding taxes	(3,371)				(3,371)
Issuance of common stock under employee stock purchase plan (in shares)			280
Issuance of common stock under employee stock purchase plan	728				728
Share-based compensation (in shares)			688
Share-based compensation	17,300				17,300
Capital contributions	1,884				1,884
Issuance of common stock and common stock for contingent consideration for business acquisition (in shares)			76,968
Issuance of common stock for business acquisition	186,196		$ 77		186,119
Common stock contingent consideration related to business acquisition, net adjustment	16,300			16,300
Issuance of common stock for employee compensation arrangements (in shares)			3,892
Issuance of common stock for employee compensation arrangements	$ 9,419		$ 4		9,415
Ending balance, shares at Sep. 30, 2022	221,583		221,583
Ending balance at Sep. 30, 2022	$ 295,334		$ 222	16,300	797,508		(13,462)	(505,234)
Beginning balance, shares at Jun. 30, 2022			219,706
Beginning balance at Jun. 30, 2022	336,612		$ 220	16,900	793,522		(11,413)	(462,617)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(42,617)							(42,617)
Change in unrealized gain on available-for-sale investments, net of taxes	46						46
Foreign currency translation adjustment, net of taxes	(2,095)						(2,095)
Exercise of common stock options (in shares)			320
Exercise of common stock options	590		$ 1		589
Vesting of restricted stock units (in shares)			1,315
Vesting of restricted stock units	0		$ 1		(1)
Restricted stock units surrendered in lieu of withholding taxes (in shares)			(446)
Restricted stock units surrendered in lieu of withholding taxes	(1,562)				(1,562)
Share-based compensation (in shares)			688
Share-based compensation	4,960				4,960
Issuance of common stock for business acquisition	0
Adjustment to common stock contingent consideration related to business acquisition	$ (600)			(600)
Ending balance, shares at Sep. 30, 2022	221,583		221,583
Ending balance at Sep. 30, 2022	$ 295,334		$ 222	$ 16,300	$ 797,508		$ (13,462)	$ (505,234)

Unaudited Consolidated Statem_4

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating activities
Net loss	$ (78,217)	$ (49,332)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	29,316	19,111
Share-based compensation	22,656	16,477
Foreign currency remeasurement loss (gain)	614	(66)
Deferred income taxes	(19,117)	(198)
Gain on sale of property and equipment	(47)	(219)
Accounts receivable charges	671	1,047
Amortization of premium on marketable securities	526	1,597
Noncash interest expense	634	604
Changes in operating assets and liabilities, net of amounts acquired in business combinations:
Accounts receivable	(33,136)	(13,037)
Prepaid expenses and other current assets	(1,521)	1,678
Income taxes receivable	(721)	4
Other assets	(200)	2,017
Accounts payable and other current liabilities	52,437	8,163
Deferred revenue	4,831	4,640
Income taxes payable	(424)	210
Other long-term liabilities	(57)	(26)
Net cash used in operating activities	(21,755)	(7,330)
Investing activities
Purchases of marketable securities	(19,781)	(44,838)
Sale and maturities of marketable securities	45,191	84,000
Purchases of property and equipment	(20,516)	(11,909)
Proceeds from sale of property and equipment	47	219
Cash acquired in (used for) acquisition of business		(30,968)
Cash acquired in (used for) acquisition of business	30,866
Net cash provided by (used in) investing activities	35,807	(3,496)
Financing activities
Payment of debt issuance costs	0	(30)
Payments of employee tax withholdings related to restricted stock vesting	(3,371)	(1,315)
Proceeds from employee stock plans	9,361	5,460
Net cash provided by financing activities	5,990	4,115
Effect of exchange rate changes on cash and cash equivalents	(2,654)	(499)
Net increase (decrease) in cash and cash equivalents	17,388	(7,210)
Cash and cash equivalents, beginning of period	41,918	46,795
Cash and cash equivalents, end of period	59,306	39,585
Supplemental disclosure of cash flow information
Cash paid during the period for interest	4,405	4,460
Cash paid during the period for income taxes, net of refunds	1,202	714
Common stock issued in connection with acquisition of business	186,196	18,433
Common stock contingent consideration related to business combination	16,300	0
Common stock issued for employee compensation arrangements	9,419	0
Property and equipment remaining in accounts payable and other current liabilities	$ 1,298	$ 1,166

Nature of Business

Nature of Business	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	Nature of Business Edgio, Inc. (“Edgio”), a provider of content delivery services, edge security, video services, AppOps and Jamstack application architecture, provides powerful tools to optimize and deliver digital experiences. Edgio offers one of the largest, best-optimized private networks coupled with a global team of industry experts to provide edge services that are fast, secure and reliable. We were incorporated in Delaware in 2003, and have operated in the Phoenix metropolitan area since 2001 and elsewhere throughout the United States since 2003. We began international operations in 2004. On June 15, 2022, we changed our corporate name from Limelight Networks, Inc. to Edgio, Inc. On June 15, 2022, Edgio completed the acquisition (the “ Edgecast Acquisition ” ) of all of the outstanding shares of common stock of Edgecast Inc., a California corporation (“Edgecast”), and certain Edgecast-related businesses and assets from College Parent, L.P., a Delaware limited partnership (“College Parent”), for total purchase consideration of $202,446. The total purchase consideration included 76,920 shares of our common stock. Edgecast is a leading provider of edge security, content delivery and video services. Edgio accounted for the acquisition in accordance with ASC 805, Business Combinations , which requires the assets acquired and liabilities assumed to be recognized on the balance sheet at their fair values as of the acquisition date.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared pursuant to the rules and regulations of the SEC. They do not include all of the information and footnotes required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. Such interim financial information is unaudited but reflects all adjustments that are, in the opinion of management, necessary for the fair presentation of the interim periods presented and of a normal recurring nature. This quarterly report on Form 10-Q should be read in conjunction with our audited financial statements and footnotes included in our annual report on Form 10-K for the fiscal year ended December 31, 2021. All information is presented in thousands, except per share amounts and where specifically noted. The consolidated financial statements include accounts of Edgio and our wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated. In addition, certain other reclassifications have been made to prior year amounts to conform to the current year presentation. Use of Estimates The preparation of the consolidated financial statements and related disclosures in conformity with U.S. GAAP requires management to make judgments, assumptions, and estimates that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results and outcomes may differ from those estimates. The results of operations presented in this quarterly report on Form 10-Q are not necessarily indicative of the results that may be expected for the year ending December 31, 2022, or for any future periods. Recent Accounting Standards Adopted Accounting Standards None Recently Issued Accounting Standards None Significant Accounting Policies

Business Acquisitions

Business Acquisitions	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Business Acquisitions	Business Acquisitions Edgecast Acquisition On June 15, 2022, we closed the acquisition of 100% of t he equity interests of Edgecast for an estimated total purchase consideration of $202,446. The following table presents the allocation of the estimated purchase price consideration for Edgecast: Consideration: Common stock $ 195,565 Common stock - contingent consideration 16,300 Less: Consideration allocated to employee compensation arrangements (9,419) Total consideration allocated to Edgecast Acquisition $ 202,446 The purchase price was defined within the purchase agreement as $270,000 in Edgio common stock at a reference price of $4.1168 (determined using a 30-day volume-weighted average price ( “ VWAP ”) of Edgio’s common stock price prior to the execution of the purchase agreement), and adjustments for customary working capital adjustments. The fair value of our common stock consideration of 80,812 shares, is based on the opening price of our common stock of $2.42 per share on the acquisition closing date. Inclusive within the common stock consideration, and pursuant to the purchase agreement, Edgio issued 7,287 shares of common stock in exchange for cash from College Parent of $30,000. As the economic substance of this issuance was to provide additional cash to Edgecast for liabilities that existed prior to the business combination and the transaction occurred on June 15, 2022, Edgio concluded that this was part of the business combination, and therefore, should be considered as part of the consideration transferred in exchange for the acquisition of Edgecast. The estimated purchase consideration was also adjusted for 3,892 shares issued for employee compensation arrangements accounted for as separate transactions as further discussed below. The purchase agreement contains an “earn-out” or contingent consideration provision in the event that the price of our common stock exceeds certain thresholds during the period ending on the third anniversary of the acquisition date of the transaction (the “Earnout Period”), Edgio will be required to issue approximately up to an additional 12,685 shares of our common stock to College Parent (the “common stock contingent consideration”). If during the Earnout Period, the closing share price of our common stock exceeds the following share prices for 10 trading days in any 30 consecutive trading day period the following number of shares of our common stock will be issued: (a) approximately 5,398 shares of our common stock if the closing share price of our common stock exceeds $6.1752 per share, (b) approximately 4,048 shares of our common stock if the closing share price of our common stock exceeds $8.2336 per share, and (c) approximately 3,239 shares of our common stock if the closing share price of our common stock exceeds $10.2920 per share. Edgio estimated that the fair value of the common stock contingent consideration, with the assistance of a third-party valuation specialist using a Monte Carlo simulation, and initially concluded it was $16,900 as of the acquisition date. During the three months ended September 30, 2022, Edgio updated the preliminary fair value of the contingent consideration from $16,900 to $16,300 as a measurement period adjustment, which impacted stockholders' equity and goodwill. As a result of the Edgecast Acquisition, certain cash awards that existed for Edgecast’s employees require the transferred employee to provide services to Edgio in the post-combination period in order for the cash award to be earned. When the awards are earned, Edgio will pay the employees the amount earned and subsequently be reimbursed by College Parent or College Parent will directly pay the employee the amount earned. Edgio considered whether the employee awards are part of the Edgecast Acquisition, and part of purchase consideration, or separate transactions, and not part of purchase accounting. Under ASC 805, a transaction entered into by or on behalf of the acquirer or primarily for the benefit of the acquirer or the combined entity, rather than primarily for the benefit of the acquiree (or its former owners) before the combi nation, is likely to be a separate transaction. The employee awards represent compensation for post-combination services rendered to Edgio and the reimbursement right was initiated by Edgio for the future economic benefit of the combined entity. Accordingly, Edgio concluded the employee awards represent transactions separate from the Edgecast Acquisition. Edgio allocated $9,419 of the total consideration transferred to College Parent to the employee compensation arrangements based on the post-combination fair value of the employee awards. As service is required to be rendered for the award to be earned, Edgio will recognize expense as the employee performs service. The employee compensation arrangements related to post-combination services and the related reimbursement right resulted in the recognition of $6,573 in prepaid expenses and other current assets and $2,846 in other assets on June 15, 2022. During the three and nine months ended September 30, 2022, Edgio recorded $3,865 and $4,863, in compensation expense to the unaudited consolidated statements of operations as a result of the employee compensation arrangements, respectively. Of the $3,865 of compensation expense, $674, $184, $292, and $2,715 was recorded to cost of services, general and administrative, sales and marketing, and research and development, respectively. Of the $4,863 of compensation expense, $880, $362, $333, and $3,288, was recorded to cost of services, general and administrative, sales and marketing, and research and development, respectively. The employee compensation arrangements are time-based vesting only and the unrecognized compensation expense was $4,556 as of September 30, 2022, of which $1,572 is expected to be recognized during the remainder of 2022, $2,559 in 2023, and the remainder thereafter. The Edgecast Acquisition was accounted for under the acquisition method of accounting and the operating results of Edgecast have been included in our consolidated financial statements as of the acquisition date. Under the acquisition method of accounting, the aggregate amount of consideration paid by us was allocated to Edgecast’s net tangible assets and intangible assets based on their estimated fair values as of the acquisition date. The excess of the purchase price over the value of the net tangible assets and intangible assets was recorded to goodwill. The factors contributing to the recognition of goodwill were based upon our conclusion that there are strategic and synergistic benefits that are expected to be realized from the acquisition. Goodwill, which is non-deductible for tax purposes, represents expected synergies and the assembled workforce at the time of the acquisition. The following table summarizes the preliminary allocation of the purchase consideration to the acquisition date fair value of the assets, including intangible assets, liabilities assumed and related goodwill acquired: Cash (inclusive of $30,000 as described above) $ 30,037 Accounts receivable (a) 47,765 Prepaid expenses and other current assets (a) 6,835 Property and equipment (a) 61,718 Operating lease right of use assets 1,365 Goodwill (a) 58,512 Intangible assets Customer relationships 11,000 Technology 49,000 Other assets 393 Total assets acquired 266,625 Accounts payable and accrued liabilities 6,917 Deferred revenue 1,060 Operating lease liability obligations 3,071 Other current liabilities (a) 32,159 Operating lease liability obligations, less current portion 2,531 Deferred income taxes 18,433 Deferred revenue, less current portion 8 Total liabilities 64,179 Total purchase consideration $ 202,446 (a) During the third quarter of 2022, we identified measurement period adjustments related to preliminary fair value estimates. The total adjustments included a decrease to property and equipment of $6,348, a decrease to other current liabilities of $1,204, a decrease to accounts receivable of $788, and an increase to prepaid expenses and other current assets of $166. Measurement period adjustments are recognized in the reporting period in which the adjustments are determined and calculated as if the accounting had been completed at the acquisition date. The fair values assigned to tangible assets acquired and liabilities assumed are based on management’s estimates and assumptions and certain amounts noted above are preliminary and subject to change during the remaining measurement period as we obtain additional information for the preliminary fair value estimates of the assets acquired and liabilities assumed. The primary preliminary estimates that are not yet finalized relate to certain assets and liabilities assumed, identifiable intangible assets, deferred income taxes and residual goodwill. Edgio expects to finalize the valuation as soon as practicable, but not later than one year from the acquisition date. The fair value of acquired property and equipment was valued using the market approach and indirect cost approach and primarily consists of computer and networking equipment. The weighted-average depreciation period for the acquired property and equipment was 2.9 years at the acquisition date. The fair value of the acquired intangible assets was determined as follows, customer relationships, utilizing the excess earnings method, and technology, utilizing the relief from royalty method. The weighted-average amortization period of the acquired intangible assets was 8.5 years for customer relationships and 4.0 years for technology at the acquisition date. The deferred income tax liability was $18,433, primarily as a result of the fair value attributable to the identifiable intangible assets. During the three months ended September 30, 2022, Edgecast represented $62,231 of our total revenue and $8,306 of loss included in our consolidated net loss. During the nine months ended September 30, 2022, Edgecast represented $75,005 of our total revenue and $8,293 of loss included in our consolidated net loss. Transaction costs incurred by us in connection with the Edgecast Acquisition were $4,520 and $23,902 for the three and nine months ended September 30, 2022, respectively, and were recorded within general and administrative expenses in our unaudited consolidated statements of operations. Unaudited Pro Forma Financial Information The following unaudited pro forma combined financial information presents combined results of Edgio and Edgecast as if the acquisition of Edgecast has occurred on January 1, 2021: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Revenue $ 121,156 $ 134,706 $ 399,958 $ 401,810 Net loss $ (33,635) $ (33,541) $ (93,096) $ (137,415) These unaudited pro forma combined financial statements include adjustments to reflect fair value adjustments related to property and equipment depreciation, customer relationships and technology amortization, compensation expense related to the employee compensation arrangements, exclusion of interest income related to loan receivables settled at the acquisition date, and the effects of the adjustments on income taxes and net loss. Additionally, the pro forma adjustments include adjustments to reflect non-recurring transaction costs of $4,520 and $23,902, incurred in the three and nine months ended September 30, 2022, respectively, and non-recurring restructuring charges related to the Edgecast Acquisition of $1,090 and $4,804 incurred in the three and nine months ended September 30, 2022, respectively, as of the beginning of the comparable prior reporting period. The pro forma financial information is not intended to represent or be indicative of the actual results of operations of the combined business that would have been reported had the acquisition of Edgecast been completed at the beginning of the fiscal year 2021, nor is it representative of future operating results of Edgio. Moov Acquisition In September 2021, we closed the acquisition of 100% of the equity interests of Moov Corporation (“Moov”), a California corporation doing business as Layer0, a sub-scale SaaS based application acceleration and developer support platform, for total purchase consideration of $52,487. The total purchase consideration included $34,054 in cash, and 6,878 shares of our common stock valued at $18,433 at the acquisition date. The following table presents the allocation of the purchase price for Moov: Consideration: Cash $ 34,054 Common stock 18,433 Total consideration $ 52,487 The fair value of our common stock consideration of 6,878 shares, is based on the closing price of our common stock of $2.68 per share on the acquisition closing date. The following table summarizes the final allocation of the purchase consideration to the acquisition date fair value of the assets, including intangible assets, liabilities assumed and related goodwill acquired: Cash $ 3,130 Accounts receivable 2,514 Prepaid expenses and other current assets (a) 1,052 Goodwill (a) 35,669 Intangible assets: Trade name 91 Customer relationships 7,090 Technology 8,480 Total assets acquired 58,026 Accounts payable and accrued liabilities 2,432 Deferred revenue 3,107 Total liabilities 5,539 Total purchase consideration $ 52,487 (a) The valuation process to determine the fair values is complete. During the respective measurement period (up to one year from the acquisition date), Edgio made certain measurement period adjustments to reflect facts and circumstances in existence at the acquisition date.

Investments in Marketable Secur

Investments in Marketable Securities	9 Months Ended
	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Investments in Marketable Securities	Investments in Marketable Securities The following is a summary of marketable securities (designated as available-for-sale) at September 30, 2022: Amortized Gross Gross Estimated Certificate of deposit $ 40 $ — $ — $ 40 Commercial paper 3,242 — — 3,242 Corporate notes and bonds 5,204 — 27 5,177 Municipal securities 3,026 — 1 3,025 Total marketable securities $ 11,512 $ — $ 28 $ 11,484 The amortized cost and estimated fair value of marketable securities at September 30, 2022, by maturity are shown below: Amortized Gross Gross Estimated Available-for-sale securities: Due in one year or less $ 11,472 $ — $ 28 $ 11,444 Due after one year and through five years 40 — — 40 Total marketable securities $ 11,512 $ — $ 28 $ 11,484 The following is a summary of marketable securities (designated as available-for-sale) at December 31, 2021: Amortized Gross Gross Estimated Certificate of deposit $ 40 $ — $ — $ 40 Corporate notes and bonds 18,297 — 38 18,259 Municipal securities 19,117 — 9 19,108 Total marketable securities $ 37,454 $ — $ 47 $ 37,407 The amortized cost and estimated fair value of marketable securities at December 31, 2021, by maturity are shown below: Amortized Gross Gross Estimated Available-for-sale securities: Due in one year or less $ 37,209 $ — $ 47 $ 37,162 Due after one year and through five years 245 — — 245 Total marketable securities $ 37,454 $ — $ 47 $ 37,407

Accounts Receivable, net

Accounts Receivable, net	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Accounts Receivable, net	Accounts Receivable, net Accounts receivable, net include: September 30, December 31, 2022 2021 Accounts receivable $ 124,533 $ 43,887 Less: credit allowance (210) (170) Less: allowance for doubtful accounts (1,926) (1,500) Total accounts receivable, net $ 122,397 $ 42,217 The following is a roll-forward of the allowances for doubtful accounts related to trade accounts receivable for the nine months ended September 30, 2022 and the twelve months ended December 31, 2021: Nine Months Ended Twelve Months Ended September 30, 2022 December 31, 2021 Beginning of period $ 1,500 $ 1,012 Provision for credit losses 671 1,082 Write-offs (245) (594) End of period $ 1,926 $ 1,500

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	9 Months Ended
	Sep. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets include: September 30, December 31, 2022 2021 Prepaid bandwidth and backbone $ 1,893 $ 1,754 VAT receivable 6,902 4,781 Prepaid expenses and insurance 6,682 1,975 Related party receivable 7,853 — Vendor deposits and other 5,445 4,526 Total prepaid expenses and other current assets $ 28,775 $ 13,036

Property and Equipment, net

Property and Equipment, net	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, net Property and equipment, net include: September 30, December 31, 2022 2021 Network equipment $ 164,925 $ 123,915 Computer equipment and software 8,968 7,107 Furniture and fixtures 5,961 1,406 Leasehold improvements 6,073 6,454 Other equipment 17 18 Total property and equipment 185,944 138,900 Less: accumulated depreciation (94,274) (105,278) Total property and equipment, net $ 91,670 $ 33,622 Cost of revenue depreciation expense related to property and equipment was $9,841 and $5,685, for the three months ended September 30, 2022 and 2021, respectively. For the nine months ended September 30, 2022 and 2021, cost of revenue depreciation expense related to property and equipment was $20,833 and $17,293, respectively. Operating expense depreciation and amortization expense related to property and equipment was $1,026 and $409, for the three months ended September 30, 2022 and 2021, respectively. Operating expense depreciation and amortization expense related to property and equipment was $1,608 and $1,497, for the nine months ended September 30, 2022 and 2021, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets We have recorded goodwill as a result of past business acquisitions. We review goodwill for impairment annually or whenever events or changes in circumstances indicate that the carrying amount may exceed their fair value. We concluded that we have one reporting unit and assigned the entire balance of goodwill to this reporting unit as of September 30, 2022. The changes in the carrying amount of goodwill for the nine months ended September 30, 2022, were as follows: Balance, December 31, 2021 $ 114,511 Foreign currency translation adjustment (1,179) Measurement period adjustments - Moov acquisition (779) Acquisition of Edgecast 58,512 Balance, September 30, 2022 $ 171,065 Intangible assets consist of the following as of September 30, 2022: Gross Accumulated Net Trade name $ 91 $ (33) $ 58 Client relationships 18,090 (1,970) 16,120 Technology 57,480 (5,920) 51,560 Total other intangible assets $ 75,661 $ (7,923) $ 67,738 Aggregate expense related to amortization of other intangible assets for the three and nine months ended September 30, 2022 was $4,917 and $6,875, respectively. Aggregate expense related to amortization of other intangible assets for the three and nine months ended September 30, 2021 was $321. There were no impairment charges incurred in the periods presented. As of September 30, 2022, the weighted-average remaining useful lives of our acquired intangible assets were 1.9 years for trade name, 6.7 years for client relationships, and 3.7 years for technology, and 4.4 years in total, for all acquired intangible assets. As of September 30, 2022, future amortization expense related to our other intangible assets is expected to be recognized as follows: Remainder of 2022 $ 4,174 2023 16,694 2024 16,684 2025 16,664 2026 8,480 Thereafter 5,042 Total $ 67,738

Other Current Liabilities

Other Current Liabilities	9 Months Ended
	Sep. 30, 2022
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	Other Current Liabilities Other current liabilities include: September 30, December 31, 2022 2021 Accrued compensation and benefits $ 16,534 $ 5,131 Accrued cost of revenue (1) 47,977 5,714 Accrued interest payable 729 1,823 Related party payable 10,241 — Other accrued expenses 11,273 6,624 Total other current liabilities $ 86,754 $ 19,292 (1) September 30, 2022 balance includes accrued cost of revenue acquired as a result of the Edgecast Acquisition, and accrued bandwidth costs and co-location fees related to Edgecast operations during the three and nine months ended September 30, 2022. Refer to Note 3 “ Business Acquisitions” for more information.

Debt

Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt	Debt Convertible Senior Notes - Due 2025 On July 27, 2020, we issued $125,000 aggregate principal amount of 3.50% Convertible Senior Notes due 2025 (the “Notes”), including the initial purchasers’ exercise in full of their option to purchase an additional $15,000 principal amount of the Notes, in a private placement to qualified institutional buyers in an offering exempt from registration under the Securities Act of 1933, as amended. The net proceeds from the issuance of the Notes was $120,741 after deducting transaction costs. The Notes are governed by an indenture (the “Indenture”) between us, as the issuer, and U.S. Bank, National Association, as trustee. The Notes are senior, unsecured obligations of ours and will be equal in right of payment with our senior, unsecured indebtedness; senior in right of payment to our indebtedness that is expressly subordinated to the notes; effectively subordinated to our senior, secured indebtedness, including future borrowings, if any, under our $20,000 credit facility with Silicon Valley Bank (“SVB”), to the extent of the value of the collateral securing that indebtedness; and structurally subordinated to all indebtedness and other liabilities, including trade payables, and (to the extent we are not a holder thereof) preferred equity, if any, of our subsidiaries. The Indenture includes customary covenants and sets forth certain events of default after which the Notes may be declared immediately due and payable and sets forth certain types of bankruptcy or insolvency events of default involving us after which the Notes become automatically due and payable. The Notes mature on August 1, 2025, unless earlier converted, redeemed or repurchased in accordance with their term prior to the maturity date. Interest is payable semiannually in arrears on February 1 and August 1 of each year, beginning on February 1, 2021. The holders of the Notes may convert all or any portion of their Notes at their option only in the following circumstances: (1) during any calendar quarter commencing after the calendar quarter ending on December 31, 2020 (and only during such calendar quarter), if the last reported sale price per share of our common stock exceeds 130% of the conversion price of $8.53 for each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter; (2) during the five consecutive business days immediately after any ten consecutive trading day period (such ten consecutive trading day period, the measurement period) in which the trading price per $1 principal amount of Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price per share of our common stock on such trading day and the conversion rate on such trading day; (3) upon the occurrence of certain corporate events or distributions of our common stock; (4) if we call such Notes for redemption; and (5) at any time from, and including, May 1, 2025, until the close of business on the second scheduled trading day immediately before the maturity date. On or after May 1, 2025, until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert all or any portion of their Notes, in minimum principal amount denominations of $1 or any integral multiple of $1 in excess thereof, at the option of the holder regardless of the foregoing circumstances. Upon conversion, we may satisfy our conversion obligation by paying or delivering, as applicable, cash, shares of common stock or a combination of cash and shares of common stock, at our election, in the manner and subject to the terms and conditions provided in the Indenture. The Notes have an initial conversion rate of 117.2367 shares of our common stock per $1 principal amount of Notes, which is equal to an initial conversion price of approximately $8.53 per share of our common stock. The initial conversion price of the Notes represents a premium of approximately 27.5% over the last reported sale price of our common stock on The Nasdaq Global Select Market of $6.69 per share on July 22, 2020. The conversion rate is subject to adjustment under certain circumstances in accordance with the terms of the Indenture. In addition, following certain corporate events that occur prior to the maturity date or if we deliver a notice of redemption, we will increase the conversion rate in certain circumstances for a holder who elects to convert its Notes in connection with such a corporate event or convert its Notes called (or deemed called) for redemption in connection with such notice of redemption, provided that the conversion rate will not exceed 149.4768 share of our common stock per $1 principal amount of Notes, subject to adjustment. We may not redeem the Notes prior to August 4, 2023. We may redeem for cash all, or any portion in an authorized denomination, of the Notes, at our option, on or after August 4, 2023, and on or prior to the 41 st scheduled trading day immediately preceding the maturity date, if the last reported sale price of our common stock has been at least 130% of the conversion price then in effect for at least 20 trading days, whether or not consecutive, including the trading day immediately preceding the date on which we provide notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day preceding the date on which we provide notice of redemption at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus any accrued and unpaid interest to, but excluding, the redemption date. No sinking fund is provided for the Notes, which means that we are not required to redeem or retire the Notes periodically. If we undergo a fundamental change (as defined in the Indenture), holders may require us to repurchase for cash all or any portion of their Notes at a fundamental change repurchase price equal to 100% of the principal amount of the Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date. As of September 30, 2022, the conditions allowing holders of the Notes to convert had not been met and therefore the Notes are not yet convertible. The Notes were classified as long-term debt on our consolidated balance sheet as of September 30, 2022, and December 31, 2021. At the time of issuance in July 2020, we separately accounted for the liability and equity components of the Notes. We determined the initial carrying amount of the $102,500 liability component before consideration of debt discount and transaction fees by calculating the present value of the cash flows using an effective interest rate of 8.6%. The interest rate was determined based on non-convertible debt offerings of similar sizes and terms by companies with similar credit ratings (Level 2 inputs). The carrying amount of the equity component, representing the conversion option, was $22,500 and was calculated by deducting the initial carrying value of the liability component from the principal amount of the Notes as a whole. This difference represents a debt discount that is amortized to interest expense over the 5-year contractual term of the Notes using the effective interest rate method. The equity component is not remeasured as long as it continues to meet the conditions for equity classification. On January 1, 2021, we early adopted ASU 2020-06 on a modified retrospective basis. As a result of the adoption of ASU 2020-06, our total remaining interest expense over the contractual terms of our convertible debt will be approximately $20,823 less than under the previous accounting standards. The adoption resulted in a $21,733 decrease in additional paid in capital from the derecognition of the bifurcated equity component, a $20,255 increase in debt from the derecognition of the discount associated with the bifurcated equity component and a $1,677 decrease to the opening balance of accumulated deficit, representing the cumulative interest expense recognized related to the amortization of the bifurcated conversion option. We initially allocated transaction costs related to the issuance of the Notes to the liability and equity components using the same proportions as the initial carrying value of the Notes. Transaction costs initially attributable to the liability component were $3,400 and are being amortized to interest expense using the effective interest method over the term of the Notes. Transaction costs attributable to the equity component were $859. Following the adoption of ASU 2020-06, the transaction costs attributable to the original equity component are now being amortized to interest expense over the remaining term of the Notes. The net carrying amounts of the liability and equity components of the Notes consisted of the following: September 30, December 31, 2022 2021 Liability component: Principal $ 125,000 $ 125,000 Unamortized transaction costs (2,584) (3,218) Net carrying amount $ 122,416 $ 121,782 Interest expense recognized related to the Notes was as follows: Three Months Ended Nine Months Ended September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Contractual interest expense $ 1,093 $ 1,094 $ 3,281 $ 3,259 Amortization of transaction costs 214 204 634 604 Total $ 1,307 $ 1,298 $ 3,915 $ 3,863 As of September 30, 2022, and December 31, 2021, the estimated fair value of the Notes was $112,659 and $119,363, respectively. We estimated the fair value based on the quoted market prices in an inactive market on the last trading day of the reporting period, which are considered Level 2 inputs. Capped Call Transactions In connection with the offering of the Notes, we entered into privately negotiated capped call transactions with certain counterparties (collectively, the “ Capped Calls ” ). The Capped Calls have an initial strike price of approximately $8.53 per share, subject to certain adjustments, which corresponds to the initial conversion price of the Notes. The Capped Calls have an initial cap price of $13.38 per share, subject to certain adjustments. The Capped Calls are generally intended to reduce or offset the potential economic dilution of approximately 14.7 million shares to our common stock upon any conversion of the Notes with such reduction or offset, as the case may be, subject to a cap based on the cap price. As the Capped Calls are considered indexed to our own stock and are equity classified, they are recorded in stockholders’ equity and are not accounted for as derivatives. The cost of $16,400 incurred in connection with the Capped Calls was recorded as a reduction to additional paid-in capital. Line of Credit In November 2015 we entered into the original Loan and Security Agreement (the “ Credit Agreement ” ) with SVB. At September 30, 2022, the maximum principal commitment amount was $20,000. All outstanding borrowings owed under the Credit Agreement become due and payable no later than the final maturity date. Our borrowing capacity is the lesser of the commitment amount or 80% of eligible accounts receivable. As of September 30, 2022, and December 31, 2021, we had no outstanding borrowings, and we had availability under the Credit Agreement of $20,000 and $20,000, respectively. As of September 30, 2022, borrowings under the Credit Agreement bear interest at the current prime rate minus 0.25%. In the event of default, obligations shall bear interest at a rate per annum that is 3% above the then applicable rate. Amendment fees and other commitment fees are included in interest expense. During the three months ended September 30, 2022 and 2021, there was no interest expense and fees expense and amortization was $10 and $10, respectively. During the nine months ended September 30, 2022 and 2021, there was no interest expense and fees expense and amortization was $30 and $36, respectively. Any borrowings are secured by essentially all of our domestic personal property, with a negative pledge on intellectual property. SVB’s security interest in our foreign subsidiaries is limited to 65% of the voting stock of each such foreign subsidiary. We are required to maintain an Adjusted Quick Ratio of at least 1.0 to 1.0. We are also subject to certain customary limitations on our ability to, among other things, incur debt, grant liens, make acquisitions and other investments, make certain restricted payments such as dividends, dispose of assets or undergo a change in control. As of September 30, 2022, we were in compliance with our covenant under the Credit Agreement. As long as our Adjusted Quick Ratio remains above 1.5 to 1, we no longer are required to submit quarterly borrowing base reports.

Restructuring Charges

Restructuring Charges	9 Months Ended
	Sep. 30, 2022
Restructuring and Related Activities [Abstract]
Restructuring Charges	Restructuring Charges During the third quarter of 2021, management committed to restructure certain parts of the company to align our workforce and facility requirements with our continued investment in the business as we focus on cost efficiencies, improved growth and profitability. As a result, certain facilities, right of use assets, outside service contracts and professional fees were incurred. During the second quarter of 2022, management committed to a separate action to restructure certain parts of the company to focus on improved profitability. As a result, certain headcount reductions were implemented. During the three and nine months ended September 30, 2022, we incurred $4,070 and $9,136, respectively, of costs related to these restructuring plans. We expect approximately $2,000 of additional costs related primarily to consulting fees to restructure our datacenter architecture over the next 18 months. The following table summarizes the activity of our restructuring accrual (recorded in other current liabilities on our consolidated balance sheet) during the nine months ended September 30, 2022 (in thousands): 2022 Restructuring Charges Employee Severance and Related Benefits Share-Based Compensation Facilities Related Charges Professional Fees and Other Total Balance as of December 31, 2021 $ 235 $ — $ 180 $ — $ 415 Costs incurred (recorded in restructuring charge) (95) — 791 2 698 Cash disbursements (140) — (687) (2) (829) Non-cash charges, other adjustments — — 3 — 3 Balance as of March 31, 2022 $ — $ — $ 287 $ — $ 287 Costs incurred (recorded in restructuring charge) 3,714 — 654 — 4,368 Cash disbursements — — (807) — (807) Non-cash charges, other adjustments (1,884) — — — (1,884) Balance as of June 30, 2022 $ 1,830 $ — $ 134 $ — $ 1,964 Costs incurred (recorded in restructuring charge) 1,511 397 2,162 — 4,070 Cash disbursements (3,011) — (409) — (3,420) Non-cash charges (182) (157) (1,596) — (1,935) Balance as of September 30, 2022 $ 148 $ 240 $ 291 $ — $ 679 The following table summarizes the activity of our restructuring accrual (recorded in other current liabilities on our consolidated balance sheet) during the nine months ended September 30, 2021 (in thousands): 2021 Restructuring Charges Employee Severance and Related Benefits Share-Based Compensation Facilities Related Charges Professional Fees and Other Total Balance as of January 1, 2021 $ — $ — $ — $ — $ — Costs incurred (recorded in restructuring charge) 3,513 1,354 — 2,006 6,873 Cash disbursements (1,143) — — (237) (1,380) Non-cash charges — (1,354) — — (1,354) Balance as of March 31, 2021 $ 2,370 $ — $ — $ 1,769 $ 4,139 Costs incurred (recorded in restructuring charge) (247) 917 — 1,485 2,155 Cash disbursements (1,203) — — (2,902) (4,105) Non-cash charges — (917) — — (917) Balance as of June 30, 2021 $ 920 $ — $ — $ 352 $ 1,272 Costs incurred (recorded in restructuring charge) (1) (236) 1,882 125 1,770 Cash disbursements (357) — — (465) (822) Non-cash charges (9) 383 (1,882) — (1,508) Balance as of September 30, 2021 $ 553 $ 147 $ — $ 12 $ 712

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Legal Matters We are subject to various legal proceedings and claims, either asserted or unasserted, arising from time to time, in the ordinary course of business. While the outcome of these claims cannot be predicted with certainty, management does not believe the outcome of any of these matters will have a material adverse effect on our business, financial position, results of operations, or cash flows and accordingly, no material legal contingencies were accrued as of September 30, 2022 and December 31, 2021. No assurances can be given with respect to the extent or outcome of any such litigation in the future. Taxes We are subject to indirect taxation in various states and foreign jurisdictions. Laws and regulations that apply to communications and commerce conducted over the Internet are becoming more prevalent, both in the United States and internationally, and may impose additional burdens on us conducting business online or providing Internet-related services. Increased regulation could negatively affect our business directly, as well as the businesses of our clients, which could reduce their demand for our services. For example, tax authorities in various states and abroad may impose taxes on the Internet-related revenue we generate based on regulations currently being applied to similar but not directly comparable industries. There are many transactions and calculations where the ultimate tax determination is uncertain. In addition, domestic and international taxation laws are subject to change. In the future, we may come under audit, which could result in changes to our tax estimates. We believe we have maintained adequate tax reserves, that are not material in amount, to offset potential liabilities that may arise upon audit. Although we believe our tax estimates and associated reserves are reasonable, the final determination of tax audits and any related litigation could be materially different than the amounts established for tax contingencies. To the extent these estimates ultimately prove to be inaccurate, the associated reserves would be adjusted, resulting in the recording of a benefit or expense in the period in which a change in estimate or a final determination is made.

Net Loss per Share

Net Loss per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Net Loss per Share	Net Loss per ShareWe calculate basic and diluted net loss per weighted average share. We use the weighted-average number of shares of common stock outstanding during the period for the computation of basic net loss per share. Diluted net loss per share includes the dilutive effect of all potentially dilutive common stock, including awards granted under our equity incentive compensation plans, in the weighted-average number of shares of common stock outstanding. The following table sets forth the components used in the computation of basic and diluted net loss per share for the periods indicated (in thousands, except per share data): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Net loss $ (42,617) $ (10,105) $ (78,217) $ (49,332) Basic weighted-average outstanding shares of common stock 220,194 126,791 169,166 125,710 Basic weighted-average outstanding shares of common stock 220,194 126,791 169,166 125,710 Dilutive effect of stock options, restricted stock units, and other equity incentive plans — — — — Diluted weighted-average outstanding shares of common stock 220,194 126,791 169,166 125,710 Basic net loss per share $ (0.19) $ (0.08) $ (0.46) $ (0.39) Diluted net loss per share: $ (0.19) $ (0.08) $ (0.46) $ (0.39) For the three and nine months ended September 30, 2022 and 2021, respectively, the following potentially dilutive common stock, including awards granted under our equity incentive compensation plans were excluded from the computation of diluted net loss per share because including them would have been anti-dilutive. Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Employee stock purchase plan 266 314 266 314 Stock options 1,081 1,243 2,044 2,574 Restricted stock units 4,170 11,521 5,250 11,979 Convertible senior notes 14,654 14,654 14,654 14,654 Contingently issuable shares (1) 12,685 — 12,685 — 32,856 27,732 34,899 29,521 (1) Represents common stock contingent consideration related to the Edgecast Acquisition.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Common Stock On March 14, 2017, our board of directors authorized a $25,000 share repurchase program. Any shares repurchased under this program will be canceled and returned to authorized but unissued status. We did not purchase any shares during the nine months ended September 30, 2022 and 2021, respectively. As of September 30, 2022, there remained $21,200 under this share repurchase program. Amended and Restated Equity Incentive Plan We established the 2007 Equity Incentive Plan (the, “2007 Plan”), which allows for the grant of equity, including stock options and restricted stock unit awards. In June 2016, our stockholders approved the Amended and Restated Equity Incentive Plan (the “Restated 2007 Plan”), which amended and restated the 2007 Plan. Approval of the Restated 2007 Plan replaced the terms and conditions of the 2007 Plan with the terms and conditions of the Restated 2007 Plan and extended the term of the Restated 2007 Plan to April 2026. There was no increase in the aggregate number of shares available for issuance. The total number of shares available to be issued under the Restated 2007 Plan as of September 30, 2022 was 15,524. 2021 Inducement Plan In November 2021, we adopted the Inducement Plan pursuant to which we reserved 11,000 shares of common stock, to be used exclusively for grants of equity-based awards to highly qualified prospective officers and employees, as an inducement material to the individual's entry into employment with us within the meaning of Rule 5635(c)(4) of the Nasdaq Listing Rules. The Inducement Plan provides for the grant of equity-based awards in the form of non-statutory stock options, stock appreciation rights, restricted stock awards, and restricted stock unit awards. The Inducement Plan was adopted by our board of directors without stockholder approval pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules. We have issued 10,477 shares under the Inducement Plan as of September 30, 2022. Employee Stock Purchase Plan In June 2013, our stockholders approved our 2013 Employee Stock Purchase Plan ( “ ESPP ” ), authorizing the issuance of 4,000 shares. In May 2019, our stockholders approved the adoption of Amendment 1 to the ESPP. Amendment 1 increased the number of shares authorized to 9,000 shares (an increase of 5,000 shares) and amended the maximum number of shares of common stock that an eligible employee may be permitted to purchase during each offering period to be 5 shares. The ESPP allows participants to purchase our common stock at a 15% discount of the lower of the beginning or end of the offering period using the closing price on that day. During the three months ended September 30, 2022, we did not issue any shares under the ESPP. During the nine months ended September 30, 2022, we issued 280 shares under the ESPP. Total cash proceeds from the purchase of shares under the ESPP was approximately $730. As of September 30, 2022, shares reserved for issuance to employees under this plan totaled 2,769, and we held employee contributions of $621 (included in other current liabilities) for future purchases under the ESPP. Preferred Stock Our board of directors has authorized the issuance of up to 7,500 shares of preferred stock at September 30, 2022. The preferred stock may be issued in one or more series pursuant to a resolution or resolutions providing for such issuance duly adopted by the board of directors. As of September 30, 2022, the board of directors had not adopted any resolutions for the issuance of preferred stock.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Changes in the components of accumulated other comprehensive loss, net of tax, for the nine months ended September 30, 2022, were as follows: Foreign Available for Currency Sale Securities Total Balance, December 31, 2021 $ (8,296) $ (49) $ (8,345) Other comprehensive (loss) gain before reclassifications (5,130) 13 (5,117) Amounts reclassified from accumulated other comprehensive loss — — — Net current period other comprehensive (loss) gain (5,130) 13 (5,117) Balance, September 30, 2022 $ (13,426) $ (36) $ (13,462)

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation The following table summarizes the components of share-based compensation expense included in our consolidated statements of operations: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Share-based compensation expense by type: Stock options $ 340 $ 144 $ 1,510 $ 7,395 Restricted stock units 7,850 3,300 20,618 8,579 ESPP 163 213 528 503 Total share-based compensation expense $ 8,353 $ 3,657 $ 22,656 $ 16,477 Share-based compensation expense: Cost of services $ 855 $ 438 $ 1,589 $ 1,142 General and administrative expense 2,200 2,301 6,469 10,203 Sales and marketing expense 727 640 3,284 1,598 Research and development expense 4,571 662 11,314 1,647 Restructuring charge — (384) — 1,887 Total share-based compensation expense $ 8,353 $ 3,657 $ 22,656 $ 16,477 Unrecognized share-based compensation expense totaled approximately $32,249 at September 30, 2022, of which $4,019 related to stock options and $28,230 related to restricted stock units. Unrecognized share-based compensation includes both time-based and performance-based equity. We currently expect to recognize share-based compensation expense of $5,122 during the remainder of 2022, $18,454 in 2023, and the remainder thereafter based on scheduled vesting of the stock options and restricted stock units outstanding at September 30, 2022.

Operating Leases - Right of Use

Operating Leases - Right of Use Assets and Purchase Commitments	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Operating Leases - Right of Use Assets and Purchase Commitments	Operating Leases - Right of Use Assets and Purchase Commitments Right of Use Assets We have various operating leases for office space that expire through 2030. Below is a summary of our right of use assets and liabilities as of September 30, 2022. Right-of-use assets $ 6,680 Lease liability obligations, current $ 4,396 Lease liability obligations, less current portion 10,511 Total lease liability obligations $ 14,907 Weighted-average remaining lease term 5.4 years Weighted-average discount rate 5.05 % During the three and nine months ended September 30, 2022, operating lease costs were immaterial. During the three months ended September 30, 2021, we recognized approximately $398 in operating lease costs. Operating lease costs of $97 are included in cost of revenue, and $301 are included in operating expenses in our consolidated statements of operations. During the three months ended September 30, 2021, cash paid for operating leases was approximately $754. During the nine months ended September 30, 2021, we recognized approximately $1,827 in operating lease costs. Operating lease costs of $340 were included in cost of revenue, and $1,487 were included in operating expenses in our consolidated statements of operations. During the nine months ended September 30, 2021, cash paid for operating leases was approximately $2,317. Approximate future minimum lease payments for our right of use assets over the remaining lease periods as of September 30, 2022, were as follows: Remainder of 2022 $ 1,360 2023 5,154 2024 2,360 2025 1,440 2026 1,468 Thereafter 5,361 Total minimum payments 17,143 Less: amount representing interest 2,236 Total $ 14,907 Purchase Commitments We have long-term commitments for bandwidth usage and co-location with various networks and Internet service providers. The following summarizes our minimum non-cancellable commitments for future periods as of September 30, 2022: Remainder of 2022 $ 24,242 2023 46,593 2024 24,592 2025 17,893 2026 13,557 Thereafter 5,234 Total minimum payments $ 132,111

Concentrations

Concentrations	9 Months Ended
	Sep. 30, 2022
Risks and Uncertainties [Abstract]
Concentrations	Concentrations During the three months ended September 30, 2022 we had two clients, Amazon and Verizon, who each represented 10% or more of our total revenue. During the nine months ended September 30, 2022 we had one client, Amazon, who represented 10% or more of our total revenue. During the three and nine months ended September 30, 2021, respectively, we had two clients, Amazon and Sony, who each represented 10% or more of our total revenue. Revenue from clients located within the United States, our country of domicile, was $87,478 for the three months ended September 30, 2022, compared to $33,405 for the three months ended September 30, 2021. For the nine months ended September 30, 2022, revenue from clients located within the United States was $170,347, compared to $90,576 for the nine months ended September 30, 2021. During the three and nine months ended September 30, 2022 and 2021, respectively, based on client location, we had two countries, the United States and Japan, which individually accounted for 10% or more of our total revenue.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income taxes for the interim periods presented have been included in the accompanying consolidated financial statements on the basis of an estimated annual effective tax rate. Based on an estimated annual effective tax rate and discrete items, income tax expense for the three months ended September 30, 2022 and 2021 was $440 and $211, respectively. For the nine months ended September 30, 2022 and 2021, income tax (benefit) expense was $(18,943) and $718, respectively. Income tax expense (benefit) was different than the statutory income tax rate primarily due to the partial release of valuation allowances resulted from deferred tax liabilities created by the acquired intangibles related to the Edgecast Acquisition, which created source two income and resulted in certain deferred tax assets, previously subject to valuation allowances due to them not being more likely than not of being realized, now being realizable, and the recording of state and foreign tax expense for the three and nine month periods. We file income tax returns in jurisdictions with varying statutes of limitations. Tax years 2018 through 2020 remain subject to examination by federal tax authorities. Tax years 2017 through 2020 generally remain subject to examination by state tax authorities. As of September 30, 2022, we are not under any federal or state examination for income taxes. For the three and nine months ended September 30, 2022 and 2021, respectively, there was no impact to income tax expense related to the Global Intangible Low-Taxed Income inclusion (“GILTI”) as a result of our net operating loss carryforwards (NOL) and valuation allowance position. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted in response to the COVID-19 pandemic. We have evaluated the impact of the CARES Act, and do not expect the provisions of the CARES Act to have an impact on us.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions College Parent and its related affiliates qualified as a related party following the close of the Edgecast Acquisition due to its ownership interest in Edgio. At September 30, 2022, Edgio had recorded receivables from College Parent and its affiliates related to reimbursement for certain compensation and severance plans. Additionally, at September 30, 2022, Edgio had recorded payables related to transition service agreements, which had been entered into between Edgio and College Parent and its related affiliates. For the three months ended September 30, 2022, expenses related to these agreements were $14,304 of which $7,216 was recorded in cost of sales, $2,406 was recorded in general and administrative, $222 was recorded in sales and marketing, and $4,460 was recorded in research and development within our consolidated statement of operations. For the nine months ended September 30, 2022, expenses related to these agreements were $16,821 of which $9,139 was recorded in cost of sales, $2,876 was recorded in general and administrative, $334 was recorded in sales and marketing, and $4,472 was recorded in research and development within our consolidated statement of operations. The following table summarizes the amounts due to and due from College Parent and its related affiliates: September 30, 2022 Prepaid assets and other current assets $ 7,853 Other assets 2,557 Total amount due from related party $ 10,410 Accounts payable $ 6,580 Other current liabilities 10,241 Total amount due to related party $ 16,821

Segment Reporting and Geographi

Segment Reporting and Geographic Areas	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Reporting and Geographic Areas	Segment Reporting and Geographic Areas Our chief operating decision maker (who is our Chief Executive Officer) reviews our financial information presented on a consolidated basis for purposes of allocating resources and evaluating our financial performance. We operate in one industry segment—content delivery and related services and we operate in three geographic areas—Americas, Europe, Middle East, and Africa (“EMEA”), and Asia Pacific. Revenue by geography is based on the location of the client from where the revenue is earned based on bill to locations. The following table sets forth our revenue by geographic area: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Americas $ 96,135 79 % $ 34,065 62 % $ 181,781 72 % $ 92,432 60 % EMEA 6,954 6 % 6,427 12 % 18,924 7 % 20,986 14 % Asia Pacific 18,067 15 % 14,710 26 % 52,721 21 % 41,327 26 % Total revenue $ 121,156 100 % $ 55,202 100 % $ 253,426 100 % $ 154,745 100 % The following table sets forth the individual countries and their respective revenue for those countries whose revenue exceeded 10% of our total revenue: Three Months Ended September 30, Nine Months Ended September 30, Country / Region 2022 2021 2022 2021 United States / Americas $ 87,478 $ 33,405 $ 170,347 $ 90,576 Japan / Asia Pacific $ 10,519 $ 7,925 $ 32,571 $ 23,584 The following table sets forth property and equipment, net (long-lived assets) by geographic area where they are located: September 30, December 31, 2022 2021 Americas $ 71,413 $ 23,733 International 20,257 9,889 Total long-lived assets $ 91,670 $ 33,622

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements As of September 30, 2022, and December 31, 2021, we held certain assets and liabilities that were required to be measured at fair value on a recurring basis. The following is a summary of fair value measurements at September 30, 2022: Fair Value Measurements at Reporting Date Using Description Total Quoted Prices In Active Markets for Identical Assets Significant Significant Assets: Money market funds (2) $ 8,491 $ 8,491 $ — $ — Certificate of deposit (1) 40 — 40 — Commercial paper (1) 3,242 — 3,242 — Corporate notes and bonds (1) 5,177 — 5,177 — Municipal securities (1) 3,025 — 3,025 — Total assets measured at fair value $ 19,975 $ 8,491 $ 11,484 $ — ______________ (1) Classified in marketable securities (2) Classified in cash and cash equivalents The following is a summary of fair value measurements at December 31, 2021: Fair Value Measurements at Reporting Date Using Description Total Quoted Prices In Active Markets for Identical Assets Significant Significant Assets: Money market funds (2) $ 7,310 $ 7,310 $ — $ — Certificate of deposit (1) 40 — 40 — Corporate notes and bonds (1) 18,259 — 18,259 — Municipal securities (1) 19,108 — 19,108 — Total assets measured at fair value $ 44,717 $ 7,310 $ 37,407 $ — ______________ (1) Classified in marketable securities (2) Classified in cash and cash equivalents The carrying amount of cash equivalents approximates fair value because their maturity is less than three months from the date of purchase. The carrying amount of short-term and long-term marketable securities approximates fair value as the securities are marked to market as of each balance sheet date with any unrealized gains and losses reported in stockholders’ equity. The carrying amount of accounts receivable, accounts payable, and accrued liabilities approximates fair value due to the short-term maturity of the amounts.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared pursuant to the rules and regulations of the SEC. They do not include all of the information and footnotes required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. Such interim financial information is unaudited but reflects all adjustments that are, in the opinion of management, necessary for the fair presentation of the interim periods presented and of a normal recurring nature. This quarterly report on Form 10-Q should be read in conjunction with our audited financial statements and footnotes included in our annual report on Form 10-K for the fiscal year ended December 31, 2021. All information is presented in thousands, except per share amounts and where specifically noted.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements and related disclosures in conformity with U.S. GAAP requires management to make judgments, assumptions, and estimates that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results and outcomes may differ from those estimates. The results of operations presented in this quarterly report on Form 10-Q are not necessarily indicative of the results that may be expected for the year ending December 31, 2022, or for any future periods.
Recent Accounting Standards	Recent Accounting Standards Adopted Accounting Standards None Recently Issued Accounting Standards

Business Acquisitions (Tables)

Business Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisition Purchase Price	The following table presents the allocation of the estimated purchase price consideration for Edgecast: Consideration: Common stock $ 195,565 Common stock - contingent consideration 16,300 Less: Consideration allocated to employee compensation arrangements (9,419) Total consideration allocated to Edgecast Acquisition $ 202,446 The following table presents the allocation of the purchase price for Moov: Consideration: Cash $ 34,054 Common stock 18,433 Total consideration $ 52,487
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary allocation of the purchase consideration to the acquisition date fair value of the assets, including intangible assets, liabilities assumed and related goodwill acquired: Cash (inclusive of $30,000 as described above) $ 30,037 Accounts receivable (a) 47,765 Prepaid expenses and other current assets (a) 6,835 Property and equipment (a) 61,718 Operating lease right of use assets 1,365 Goodwill (a) 58,512 Intangible assets Customer relationships 11,000 Technology 49,000 Other assets 393 Total assets acquired 266,625 Accounts payable and accrued liabilities 6,917 Deferred revenue 1,060 Operating lease liability obligations 3,071 Other current liabilities (a) 32,159 Operating lease liability obligations, less current portion 2,531 Deferred income taxes 18,433 Deferred revenue, less current portion 8 Total liabilities 64,179 Total purchase consideration $ 202,446 (a) During the third quarter of 2022, we identified measurement period adjustments related to preliminary fair value estimates. The total adjustments included a decrease to property and equipment of $6,348, a decrease to other current liabilities of $1,204, a decrease to accounts receivable of $788, and an increase to prepaid expenses and other current assets of $166. Measurement period adjustments are recognized in the reporting period in which the adjustments are determined and calculated as if the accounting had been completed at the acquisition date. The following table summarizes the final allocation of the purchase consideration to the acquisition date fair value of the assets, including intangible assets, liabilities assumed and related goodwill acquired: Cash $ 3,130 Accounts receivable 2,514 Prepaid expenses and other current assets (a) 1,052 Goodwill (a) 35,669 Intangible assets: Trade name 91 Customer relationships 7,090 Technology 8,480 Total assets acquired 58,026 Accounts payable and accrued liabilities 2,432 Deferred revenue 3,107 Total liabilities 5,539 Total purchase consideration $ 52,487 (a) The valuation process to determine the fair values is complete. During the respective measurement period (up to one year from the acquisition date), Edgio made certain measurement period adjustments to reflect facts and circumstances in existence at the acquisition date.
Schedule of Pro Forma Information	The following unaudited pro forma combined financial information presents combined results of Edgio and Edgecast as if the acquisition of Edgecast has occurred on January 1, 2021: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Revenue $ 121,156 $ 134,706 $ 399,958 $ 401,810 Net loss $ (33,635) $ (33,541) $ (93,096) $ (137,415)

Investments in Marketable Sec_2

Investments in Marketable Securities (Tables)	9 Months Ended
	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Summary of Marketable Securities	The following is a summary of marketable securities (designated as available-for-sale) at September 30, 2022: Amortized Gross Gross Estimated Certificate of deposit $ 40 $ — $ — $ 40 Commercial paper 3,242 — — 3,242 Corporate notes and bonds 5,204 — 27 5,177 Municipal securities 3,026 — 1 3,025 Total marketable securities $ 11,512 $ — $ 28 $ 11,484 The following is a summary of marketable securities (designated as available-for-sale) at December 31, 2021: Amortized Gross Gross Estimated Certificate of deposit $ 40 $ — $ — $ 40 Corporate notes and bonds 18,297 — 38 18,259 Municipal securities 19,117 — 9 19,108 Total marketable securities $ 37,454 $ — $ 47 $ 37,407
Amortized Cost and Estimated Fair Value of Marketable Securities by Maturity	The amortized cost and estimated fair value of marketable securities at September 30, 2022, by maturity are shown below: Amortized Gross Gross Estimated Available-for-sale securities: Due in one year or less $ 11,472 $ — $ 28 $ 11,444 Due after one year and through five years 40 — — 40 Total marketable securities $ 11,512 $ — $ 28 $ 11,484 The amortized cost and estimated fair value of marketable securities at December 31, 2021, by maturity are shown below: Amortized Gross Gross Estimated Available-for-sale securities: Due in one year or less $ 37,209 $ — $ 47 $ 37,162 Due after one year and through five years 245 — — 245 Total marketable securities $ 37,454 $ — $ 47 $ 37,407

Accounts Receivable, net (Table

Accounts Receivable, net (Tables)	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Summary of Accounts Receivable and Allowances for Doubtful Accounts	Accounts receivable, net include: September 30, December 31, 2022 2021 Accounts receivable $ 124,533 $ 43,887 Less: credit allowance (210) (170) Less: allowance for doubtful accounts (1,926) (1,500) Total accounts receivable, net $ 122,397 $ 42,217 The following is a roll-forward of the allowances for doubtful accounts related to trade accounts receivable for the nine months ended September 30, 2022 and the twelve months ended December 31, 2021: Nine Months Ended Twelve Months Ended September 30, 2022 December 31, 2021 Beginning of period $ 1,500 $ 1,012 Provision for credit losses 671 1,082 Write-offs (245) (594) End of period $ 1,926 $ 1,500

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets include: September 30, December 31, 2022 2021 Prepaid bandwidth and backbone $ 1,893 $ 1,754 VAT receivable 6,902 4,781 Prepaid expenses and insurance 6,682 1,975 Related party receivable 7,853 — Vendor deposits and other 5,445 4,526 Total prepaid expenses and other current assets $ 28,775 $ 13,036

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment, net include: September 30, December 31, 2022 2021 Network equipment $ 164,925 $ 123,915 Computer equipment and software 8,968 7,107 Furniture and fixtures 5,961 1,406 Leasehold improvements 6,073 6,454 Other equipment 17 18 Total property and equipment 185,944 138,900 Less: accumulated depreciation (94,274) (105,278) Total property and equipment, net $ 91,670 $ 33,622

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill for the nine months ended September 30, 2022, were as follows: Balance, December 31, 2021 $ 114,511 Foreign currency translation adjustment (1,179) Measurement period adjustments - Moov acquisition (779) Acquisition of Edgecast 58,512 Balance, September 30, 2022 $ 171,065
Schedule of Finite-Lived Intangible Assets	Intangible assets consist of the following as of September 30, 2022: Gross Accumulated Net Trade name $ 91 $ (33) $ 58 Client relationships 18,090 (1,970) 16,120 Technology 57,480 (5,920) 51,560 Total other intangible assets $ 75,661 $ (7,923) $ 67,738
Schedule of Intangible Assets Future Amortization Expense	As of September 30, 2022, future amortization expense related to our other intangible assets is expected to be recognized as follows: Remainder of 2022 $ 4,174 2023 16,694 2024 16,684 2025 16,664 2026 8,480 Thereafter 5,042 Total $ 67,738

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2022
Other Liabilities Disclosure [Abstract]
Schedule of Other Current Liabilities	Other current liabilities include: September 30, December 31, 2022 2021 Accrued compensation and benefits $ 16,534 $ 5,131 Accrued cost of revenue (1) 47,977 5,714 Accrued interest payable 729 1,823 Related party payable 10,241 — Other accrued expenses 11,273 6,624 Total other current liabilities $ 86,754 $ 19,292 (1) September 30, 2022 balance includes accrued cost of revenue acquired as a result of the Edgecast Acquisition, and accrued bandwidth costs and co-location fees related to Edgecast operations during the three and nine months ended September 30, 2022. Refer to Note 3 “ Business Acquisitions” for more information.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of Convertible Debt	The net carrying amounts of the liability and equity components of the Notes consisted of the following: September 30, December 31, 2022 2021 Liability component: Principal $ 125,000 $ 125,000 Unamortized transaction costs (2,584) (3,218) Net carrying amount $ 122,416 $ 121,782 Interest expense recognized related to the Notes was as follows: Three Months Ended Nine Months Ended September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Contractual interest expense $ 1,093 $ 1,094 $ 3,281 $ 3,259 Amortization of transaction costs 214 204 634 604 Total $ 1,307 $ 1,298 $ 3,915 $ 3,863

Restructuring Charges (Tables)

Restructuring Charges (Tables)	9 Months Ended
	Sep. 30, 2022
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve	The following table summarizes the activity of our restructuring accrual (recorded in other current liabilities on our consolidated balance sheet) during the nine months ended September 30, 2022 (in thousands): 2022 Restructuring Charges Employee Severance and Related Benefits Share-Based Compensation Facilities Related Charges Professional Fees and Other Total Balance as of December 31, 2021 $ 235 $ — $ 180 $ — $ 415 Costs incurred (recorded in restructuring charge) (95) — 791 2 698 Cash disbursements (140) — (687) (2) (829) Non-cash charges, other adjustments — — 3 — 3 Balance as of March 31, 2022 $ — $ — $ 287 $ — $ 287 Costs incurred (recorded in restructuring charge) 3,714 — 654 — 4,368 Cash disbursements — — (807) — (807) Non-cash charges, other adjustments (1,884) — — — (1,884) Balance as of June 30, 2022 $ 1,830 $ — $ 134 $ — $ 1,964 Costs incurred (recorded in restructuring charge) 1,511 397 2,162 — 4,070 Cash disbursements (3,011) — (409) — (3,420) Non-cash charges (182) (157) (1,596) — (1,935) Balance as of September 30, 2022 $ 148 $ 240 $ 291 $ — $ 679 The following table summarizes the activity of our restructuring accrual (recorded in other current liabilities on our consolidated balance sheet) during the nine months ended September 30, 2021 (in thousands): 2021 Restructuring Charges Employee Severance and Related Benefits Share-Based Compensation Facilities Related Charges Professional Fees and Other Total Balance as of January 1, 2021 $ — $ — $ — $ — $ — Costs incurred (recorded in restructuring charge) 3,513 1,354 — 2,006 6,873 Cash disbursements (1,143) — — (237) (1,380) Non-cash charges — (1,354) — — (1,354) Balance as of March 31, 2021 $ 2,370 $ — $ — $ 1,769 $ 4,139 Costs incurred (recorded in restructuring charge) (247) 917 — 1,485 2,155 Cash disbursements (1,203) — — (2,902) (4,105) Non-cash charges — (917) — — (917) Balance as of June 30, 2021 $ 920 $ — $ — $ 352 $ 1,272 Costs incurred (recorded in restructuring charge) (1) (236) 1,882 125 1,770 Cash disbursements (357) — — (465) (822) Non-cash charges (9) 383 (1,882) — (1,508) Balance as of September 30, 2021 $ 553 $ 147 $ — $ 12 $ 712

Net Loss per Share (Tables)

Net Loss per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Loss per Share	The following table sets forth the components used in the computation of basic and diluted net loss per share for the periods indicated (in thousands, except per share data): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Net loss $ (42,617) $ (10,105) $ (78,217) $ (49,332) Basic weighted-average outstanding shares of common stock 220,194 126,791 169,166 125,710 Basic weighted-average outstanding shares of common stock 220,194 126,791 169,166 125,710 Dilutive effect of stock options, restricted stock units, and other equity incentive plans — — — — Diluted weighted-average outstanding shares of common stock 220,194 126,791 169,166 125,710 Basic net loss per share $ (0.19) $ (0.08) $ (0.46) $ (0.39) Diluted net loss per share: $ (0.19) $ (0.08) $ (0.46) $ (0.39)
Schedule of Antidilutive Securities Excluded from Computation	For the three and nine months ended September 30, 2022 and 2021, respectively, the following potentially dilutive common stock, including awards granted under our equity incentive compensation plans were excluded from the computation of diluted net loss per share because including them would have been anti-dilutive. Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Employee stock purchase plan 266 314 266 314 Stock options 1,081 1,243 2,044 2,574 Restricted stock units 4,170 11,521 5,250 11,979 Convertible senior notes 14,654 14,654 14,654 14,654 Contingently issuable shares (1) 12,685 — 12,685 — 32,856 27,732 34,899 29,521 (1) Represents common stock contingent consideration related to the Edgecast Acquisition.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Changes in the components of accumulated other comprehensive loss, net of tax, for the nine months ended September 30, 2022, were as follows: Foreign Available for Currency Sale Securities Total Balance, December 31, 2021 $ (8,296) $ (49) $ (8,345) Other comprehensive (loss) gain before reclassifications (5,130) 13 (5,117) Amounts reclassified from accumulated other comprehensive loss — — — Net current period other comprehensive (loss) gain (5,130) 13 (5,117) Balance, September 30, 2022 $ (13,426) $ (36) $ (13,462)

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Components of Share-based Compensation Expense	The following table summarizes the components of share-based compensation expense included in our consolidated statements of operations: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Share-based compensation expense by type: Stock options $ 340 $ 144 $ 1,510 $ 7,395 Restricted stock units 7,850 3,300 20,618 8,579 ESPP 163 213 528 503 Total share-based compensation expense $ 8,353 $ 3,657 $ 22,656 $ 16,477 Share-based compensation expense: Cost of services $ 855 $ 438 $ 1,589 $ 1,142 General and administrative expense 2,200 2,301 6,469 10,203 Sales and marketing expense 727 640 3,284 1,598 Research and development expense 4,571 662 11,314 1,647 Restructuring charge — (384) — 1,887 Total share-based compensation expense $ 8,353 $ 3,657 $ 22,656 $ 16,477

Operating Leases - Right of U_2

Operating Leases - Right of Use Assets and Purchase Commitments (Tables)	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Summary of Right-of-use Assets and Lease Liabilities	Below is a summary of our right of use assets and liabilities as of September 30, 2022. Right-of-use assets $ 6,680 Lease liability obligations, current $ 4,396 Lease liability obligations, less current portion 10,511 Total lease liability obligations $ 14,907 Weighted-average remaining lease term 5.4 years Weighted-average discount rate 5.05 %
Future Minimum Lease Payments Over Remaining Lease Periods	Approximate future minimum lease payments for our right of use assets over the remaining lease periods as of September 30, 2022, were as follows: Remainder of 2022 $ 1,360 2023 5,154 2024 2,360 2025 1,440 2026 1,468 Thereafter 5,361 Total minimum payments 17,143 Less: amount representing interest 2,236 Total $ 14,907
Minimum Purchase Commitments	The following summarizes our minimum non-cancellable commitments for future periods as of September 30, 2022: Remainder of 2022 $ 24,242 2023 46,593 2024 24,592 2025 17,893 2026 13,557 Thereafter 5,234 Total minimum payments $ 132,111

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Summarizes of Amounts Due To and Due From	The following table summarizes the amounts due to and due from College Parent and its related affiliates: September 30, 2022 Prepaid assets and other current assets $ 7,853 Other assets 2,557 Total amount due from related party $ 10,410 Accounts payable $ 6,580 Other current liabilities 10,241 Total amount due to related party $ 16,821

Segment Reporting and Geograp_2

Segment Reporting and Geographic Areas (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Revenue Earned by Geographic Area	The following table sets forth our revenue by geographic area: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Americas $ 96,135 79 % $ 34,065 62 % $ 181,781 72 % $ 92,432 60 % EMEA 6,954 6 % 6,427 12 % 18,924 7 % 20,986 14 % Asia Pacific 18,067 15 % 14,710 26 % 52,721 21 % 41,327 26 % Total revenue $ 121,156 100 % $ 55,202 100 % $ 253,426 100 % $ 154,745 100 %
Schedule of Concentration of Revenue by Country	The following table sets forth the individual countries and their respective revenue for those countries whose revenue exceeded 10% of our total revenue: Three Months Ended September 30, Nine Months Ended September 30, Country / Region 2022 2021 2022 2021 United States / Americas $ 87,478 $ 33,405 $ 170,347 $ 90,576 Japan / Asia Pacific $ 10,519 $ 7,925 $ 32,571 $ 23,584
Long-lived Assets by Geographical Area	The following table sets forth property and equipment, net (long-lived assets) by geographic area where they are located: September 30, December 31, 2022 2021 Americas $ 71,413 $ 23,733 International 20,257 9,889 Total long-lived assets $ 91,670 $ 33,622

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Summary of Fair Value Investments	The following is a summary of fair value measurements at September 30, 2022: Fair Value Measurements at Reporting Date Using Description Total Quoted Prices In Active Markets for Identical Assets Significant Significant Assets: Money market funds (2) $ 8,491 $ 8,491 $ — $ — Certificate of deposit (1) 40 — 40 — Commercial paper (1) 3,242 — 3,242 — Corporate notes and bonds (1) 5,177 — 5,177 — Municipal securities (1) 3,025 — 3,025 — Total assets measured at fair value $ 19,975 $ 8,491 $ 11,484 $ — ______________ (1) Classified in marketable securities (2) Classified in cash and cash equivalents The following is a summary of fair value measurements at December 31, 2021: Fair Value Measurements at Reporting Date Using Description Total Quoted Prices In Active Markets for Identical Assets Significant Significant Assets: Money market funds (2) $ 7,310 $ 7,310 $ — $ — Certificate of deposit (1) 40 — 40 — Corporate notes and bonds (1) 18,259 — 18,259 — Municipal securities (1) 19,108 — 19,108 — Total assets measured at fair value $ 44,717 $ 7,310 $ 37,407 $ — ______________ (1) Classified in marketable securities (2) Classified in cash and cash equivalents

Nature of Business (Details)

Nature of Business (Details) - Edgecast, Inc. shares in Thousands, $ in Thousands	Jun. 15, 2022 USD ($) shares
Business Acquisition [Line Items]
Consideration transferred | $	$ 202,446
Consideration , equity interest (in shares) | shares	76,920

Business Acquisitions - Narrati

Business Acquisitions - Narrative (Details) $ / shares in Units, $ in Thousands		1 Months Ended	3 Months Ended						9 Months Ended
	Jun. 15, 2022 USD ($) tradingDay $ / shares shares	Sep. 30, 2021 USD ($) $ / shares shares	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Sep. 30, 2021 USD ($) $ / shares	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($) $ / shares
Business Acquisition [Line Items]
Business acquisition, expected purchase price	$ 270,000
Issuance of common stock for employee compensation arrangements (in shares) | shares	3,892,000
Share-based compensation expense			$ 8,353			$ 3,657			$ 22,656	$ 16,477
Unrecognized compensation expense			32,249						$ 32,249
Acquired intangible assets, weighted average useful life									4 years 4 months 24 days
Restructuring charges			4,070	$ 4,368	$ 698	1,770	$ 2,155	$ 6,873	$ 9,136	10,798
Research and development expense
Business Acquisition [Line Items]
Share-based compensation expense			4,571			662			11,314	1,647
Cost of sales
Business Acquisition [Line Items]
Share-based compensation expense			855			438			1,589	1,142
General and administrative expense
Business Acquisition [Line Items]
Share-based compensation expense			2,200			2,301			6,469	10,203
Sales and marketing expense
Business Acquisition [Line Items]
Share-based compensation expense			727			$ 640			$ 3,284	$ 1,598
Customer relationships
Business Acquisition [Line Items]
Acquired intangible assets, weighted average useful life									6 years 8 months 12 days
Technology
Business Acquisition [Line Items]
Acquired intangible assets, weighted average useful life									3 years 8 months 12 days
Edgecast, Inc.
Business Acquisition [Line Items]
Business acquisition, percentage of interests acquired	100%
Consideration transferred	$ 202,446
Business acquisition, expected share price (in dollars per share) | $ / shares	$ 4.1168
Business acquisition, share price, trading days | tradingDay	30
Business acquisition, expected equity interest (in shares) | shares	80,812,000
Business combination, share price (in dollars per share) | $ / shares	$ 2.42
Consideration , equity interest (in shares) | shares	76,920,000
Consideration transferred, equity	$ 195,565
Common stock - contingent consideration	16,900		16,300
Consideration allocated to employee compensation arrangements	9,419
Prepaid expense and other current assets recognized	6,573
Other assets recognized	$ 2,846
Share-based compensation expense			3,865						$ 4,863
Unrecognized compensation expense			4,556						4,556
Unrecognized compensation expense, to be recognized remainder of year			1,572						1,572
Unrecognized compensation expense, to be recognized year one			2,559						2,559
Property and equipment useful life	2 years 10 months 24 days
Deferred income tax liability	$ 18,433
Revenue of acquiree since acquisition date			62,231						75,005
Income of acquiree since acquisition date			8,306						8,293
Transaction costs			4,520						23,902
Edgecast, Inc. | Acquisition-related costs
Business Acquisition [Line Items]
Transaction costs			1,090						4,804
Edgecast, Inc. | Research and development expense
Business Acquisition [Line Items]
Share-based compensation expense			2,715						3,288
Edgecast, Inc. | Cost of sales
Business Acquisition [Line Items]
Share-based compensation expense			674						880
Edgecast, Inc. | General and administrative expense
Business Acquisition [Line Items]
Share-based compensation expense			184						362
Edgecast, Inc. | Sales and marketing expense
Business Acquisition [Line Items]
Share-based compensation expense			$ 292						$ 333
Edgecast, Inc. | Customer relationships
Business Acquisition [Line Items]
Acquired intangible assets, weighted average useful life	8 years 6 months
Edgecast, Inc. | Technology
Business Acquisition [Line Items]
Acquired intangible assets, weighted average useful life	4 years
Edgecast, Inc. | College Parent
Business Acquisition [Line Items]
Consideration , equity interest (in shares) | shares	7,287,000
Consideration transferred, equity	$ 30,000
Contingent consideration, earnout period	3 years
Contingent consideration, equity (in shares) | shares	12,685,000
Earnout period, threshold trading days | tradingDay	10
Earnout period, consecutive threshold trading days | tradingDay	30
Edgecast, Inc. | Stock price trigger, one | College Parent
Business Acquisition [Line Items]
Contingent consideration, equity (in shares) | shares	5,398,000
Earnout period, stock trigger price (in dollars per share) | $ / shares	$ 6.1752
Edgecast, Inc. | Stock price trigger, two | College Parent
Business Acquisition [Line Items]
Contingent consideration, equity (in shares) | shares	4,048,000
Earnout period, stock trigger price (in dollars per share) | $ / shares	$ 8.2336
Edgecast, Inc. | Stock price trigger, three | College Parent
Business Acquisition [Line Items]
Contingent consideration, equity (in shares) | shares	3,239,000
Earnout period, stock trigger price (in dollars per share) | $ / shares	$ 10.2920
Moov Corporation
Business Acquisition [Line Items]
Business acquisition, percentage of interests acquired		100%				100%				100%
Consideration transferred		$ 52,487
Business combination, share price (in dollars per share) | $ / shares		$ 2.68				$ 2.68				$ 2.68
Consideration , equity interest (in shares) | shares		6,878,000
Consideration transferred, equity		$ 18,433
Consideration transferred, cash		$ 34,054

Business Acquisitions - Schedul

Business Acquisitions - Schedule of Business Acquisition Purchase Price (Details) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended
	Jun. 15, 2022	Sep. 30, 2021	Sep. 30, 2022
Edgecast, Inc.
Consideration:
Common stock	$ 195,565
Common stock - contingent consideration	16,900		$ 16,300
Less: Consideration allocated to employee compensation arrangements	(9,419)
Total consideration	$ 202,446
Moov Corporation
Consideration:
Cash		$ 34,054
Common stock		18,433
Total consideration		$ 52,487

Business Acquisitions - Sched_2

Business Acquisitions - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2022	Jun. 15, 2022	Dec. 31, 2021	Sep. 30, 2021
Business Acquisition [Line Items]
Goodwill	$ 171,065			$ 171,065		$ 114,511
Measurement period adjustments - Moov acquisition				$ (779)
Edgecast, Inc.
Business Acquisition [Line Items]
Cash					$ 30,037
Accounts receivable					47,765
Prepaid expenses and other current assets					6,835
Property and equipment					61,718
Operating lease right of use assets					1,365
Goodwill					58,512
Other assets					393
Total assets acquired					266,625
Accounts payable and accrued liabilities					6,917
Deferred revenue					1,060
Operating lease liability obligations					3,071
Other current liabilities					32,159
Operating lease liability obligations, less current portion					2,531
Deferred income taxes					18,433
Deferred revenue, less current portion					8
Total liabilities					64,179
Total purchase consideration					202,446
Decrease to fixed assets	6,348
Edgecast, Inc. | Additional Paid-In Capital
Business Acquisition [Line Items]
Decrease to other current liabilities	1,204
Decrease to accounts receivable, net	788
Increase to prepaid expenses	166
Edgecast, Inc. | College Parent
Business Acquisition [Line Items]
Cash					30,000
Edgecast, Inc. | Customer relationships
Business Acquisition [Line Items]
Intangible assets:					11,000
Edgecast, Inc. | Technology
Business Acquisition [Line Items]
Intangible assets:					$ 49,000
Moov Corporation
Business Acquisition [Line Items]
Cash							$ 3,130
Accounts receivable							2,514
Prepaid expenses and other current assets							1,052
Goodwill							35,669
Total assets acquired							58,026
Accounts payable and accrued liabilities							2,432
Deferred revenue							3,107
Total liabilities							5,539
Total purchase consideration							52,487
Increase (decrease) to prepaid expenses and other current assets	(119)	$ 38	$ 860
Measurement period adjustments - Moov acquisition	$ 119	$ (38)	$ (860)
Moov Corporation | Trade name
Business Acquisition [Line Items]
Intangible assets:							91
Moov Corporation | Customer relationships
Business Acquisition [Line Items]
Intangible assets:							7,090
Moov Corporation | Technology
Business Acquisition [Line Items]
Intangible assets:							$ 8,480

Business Acquisitions - Sched_3

Business Acquisitions - Schedule of Pro Forma Information (Details) - Edgecast, Inc. - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Business Acquisition [Line Items]
Revenue	$ 121,156	$ 134,706	$ 399,958	$ 401,810
Net loss	$ (33,635)	$ (33,541)	$ (93,096)	$ (137,415)

Investments in Marketable Sec_3

Investments in Marketable Securities - Summary of Marketable Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 11,512	$ 37,454
Gross Unrealized Gains	0	0
Gross Unrealized Losses	28	47
Estimated Fair Value	11,484	37,407
Certificate of deposit
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	40	40
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Estimated Fair Value	40	40
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,242
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Estimated Fair Value	3,242
Corporate notes and bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	5,204	18,297
Gross Unrealized Gains	0	0
Gross Unrealized Losses	27	38
Estimated Fair Value	5,177	18,259
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,026	19,117
Gross Unrealized Gains	0	0
Gross Unrealized Losses	1	9
Estimated Fair Value	$ 3,025	$ 19,108

Investments in Marketable Sec_4

Investments in Marketable Securities - Amortized Cost and Estimated Fair Value of Marketable Securities by Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Amortized Cost, Due in one year or less	$ 11,472	$ 37,209
Amortized Cost, Due after one year and through five years	40	245
Amortized Cost	11,512	37,454
Gross Unrealized Gains, Due in one year or less	0	0
Gross Unrealized Gains, Due after one year and through five years	0	0
Gross Unrealized Gains	0	0
Gross Unrealized Losses, Due in one year or less	28	47
Gross Unrealized Losses, Due after one year and through five years	0	0
Gross Unrealized Losses	28	47
Estimated Fair Value, Due in one year or less	11,444	37,162
Estimated Fair Value, Due after one year and through five years	40	245
Estimated Fair Value	$ 11,484	$ 37,407

Accounts Receivable, net (Detai

Accounts Receivable, net (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Summary of Accounts Receivable, net
Accounts receivable	$ 124,533	$ 43,887
Less: credit allowance	(210)	(170)
Less: allowance for doubtful accounts	(1,926)	(1,500)
Total accounts receivable, net	122,397	42,217
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning of period	1,500	1,012
Provision for credit losses	671	1,082
Write-offs	(245)	(594)
End of period	$ 1,926	$ 1,500

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid bandwidth and backbone	$ 1,893	$ 1,754
VAT receivable	6,902	4,781
Prepaid expenses and insurance	6,682	1,975
Related party receivable	7,853	0
Vendor deposits and other	5,445	4,526
Total prepaid expenses and other current assets	$ 28,775	$ 13,036

Property and Equipment, net - S

Property and Equipment, net - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Property and equipment, net
Total property and equipment	$ 185,944	$ 138,900
Less: accumulated depreciation	(94,274)	(105,278)
Total property and equipment, net	91,670	33,622
Network equipment
Property and equipment, net
Total property and equipment	164,925	123,915
Computer equipment and software
Property and equipment, net
Total property and equipment	8,968	7,107
Furniture and fixtures
Property and equipment, net
Total property and equipment	5,961	1,406
Leasehold improvements
Property and equipment, net
Total property and equipment	6,073	6,454
Other equipment
Property and equipment, net
Total property and equipment	$ 17	$ 18

Property and Equipment, net - N

Property and Equipment, net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Cost of revenue depreciation expense	$ 9,841	$ 5,685	$ 20,833	$ 17,293
Operating expense depreciation	$ 1,026	$ 409	$ 1,608	$ 1,497

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Narrative (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) reportingUnit	Sep. 30, 2021 USD ($)
Finite-Lived Intangible Assets [Line Items]
Number of reporting units | reportingUnit			1
Amortization expense, intangible assets	$ 4,917,000	$ 321,000	$ 6,875,000	$ 321,000
Impairment of intangible assets	$ 0	$ 0	$ 0	$ 0
Acquired intangible assets, weighted average useful life			4 years 4 months 24 days
Trade name
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, weighted average useful life			1 year 10 months 24 days
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, weighted average useful life			6 years 8 months 12 days
Technology
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, weighted average useful life			3 years 8 months 12 days

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 114,511
Foreign currency translation adjustment	(1,179)
Measurement period adjustments - Moov acquisition	(779)
Acquisition of Edgecast	58,512
Ending balance	$ 171,065

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Schedule of Finite-Lived Intangible Assets (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 75,661
Accumulated Amortization	(7,923)
Net Carrying Amount	67,738
Trade name
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	91
Accumulated Amortization	(33)
Net Carrying Amount	58
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	18,090
Accumulated Amortization	(1,970)
Net Carrying Amount	16,120
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	57,480
Accumulated Amortization	(5,920)
Net Carrying Amount	$ 51,560

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Schedule of Intangible Assets Future Amortization Expense (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2022	$ 4,174
2023	16,694
2024	16,684
2025	16,664
2026	8,480
Thereafter	5,042
Net Carrying Amount	$ 67,738

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Accrued compensation and benefits	$ 16,534	$ 5,131
Accrued cost of revenue	47,977	5,714
Accrued interest payable	729	1,823
Related party payable	10,241	0
Other accrued expenses	11,273	6,624
Total other current liabilities	$ 86,754	$ 19,292

Debt - Narrative (Details)

Debt - Narrative (Details) $ / shares in Units, shares in Millions		1 Months Ended		3 Months Ended		9 Months Ended
	Jul. 27, 2020 USD ($) tradingDay $ / shares shares	Jul. 31, 2020 USD ($)	Nov. 30, 2015 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Nov. 02, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)	Jul. 22, 2020 $ / shares
Line of Credit Facility [Line Items]
Share price (in dollars per share) | $ / shares													$ 6.69
Increase (decrease) in equity				$ 295,334,000	$ 141,323,000	$ 295,334,000	$ 141,323,000		$ 336,612,000	$ 141,579,000	$ 130,884,000	$ 175,192,000
Convertible senior notes, net				122,416,000		122,416,000				121,782,000
Convertible debt, fair value				112,659,000		112,659,000				119,363,000
Additional Paid-In Capital
Line of Credit Facility [Line Items]
Increase (decrease) in equity				797,508,000	571,268,000	797,508,000	571,268,000		793,522,000	576,807,000	550,205,000	556,512,000
Accumulated Deficit
Line of Credit Facility [Line Items]
Increase (decrease) in equity				(505,234,000)	(421,588,000)	(505,234,000)	(421,588,000)		$ (462,617,000)	(427,017,000)	$ (411,483,000)	(373,933,000)
Cumulative effect of adoption of new accounting pronouncement
Line of Credit Facility [Line Items]
Decrease in interest payable												20,823,000
Increase (decrease) in equity												(20,056,000)
Convertible senior notes, net												20,255,000
Cumulative effect of adoption of new accounting pronouncement | Additional Paid-In Capital
Line of Credit Facility [Line Items]
Increase (decrease) in equity												(21,733,000)
Cumulative effect of adoption of new accounting pronouncement | Accumulated Deficit
Line of Credit Facility [Line Items]
Increase (decrease) in equity												$ 1,677,000
Capped call
Line of Credit Facility [Line Items]
Initial strike price (in dollars per share) | $ / shares	$ 8.53
Initial cap price (in dollars per share) | $ / shares	$ 13.38
Number of shares covered by capped calls (in shares) | shares	14.7
Costs incurred for capped calls	$ 16,400,000
Convertible Senior Notes due 2025 | Convertible debt
Line of Credit Facility [Line Items]
Aggregate principal amount	$ 125,000,000
Stated interest rate (as a percent)	3.50%
Additional principal amount, option	$ 15,000,000
Net proceeds from debt issuance	$ 120,741,000
Conversion price (in dollars per share) | $ / shares	$ 8.53
Conversion ratio	0.1172367
Share price premium (as a percent)	27.50%
Carrying amount		$ 102,500,000		122,416,000		122,416,000				121,782,000
Effective interest rate (as a percent)		8.60%
Equity component, gross amount		$ 22,500,000
Debt term		5 years
Transaction costs, liability component	$ 3,400,000
Transaction costs, equity component	$ 859,000
Contractual interest expense				1,093,000	1,094,000	3,281,000	3,259,000
Amortization of transaction costs				214,000	204,000	634,000	604,000
Convertible Senior Notes due 2025 | Convertible debt | Maximum
Line of Credit Facility [Line Items]
Conversion ratio	0.1494768
Convertible Senior Notes due 2025 | Convertible debt | Conversion covenant one
Line of Credit Facility [Line Items]
Threshold percentage of stock price trigger (as a percent)	130%
Conversion price (in dollars per share) | $ / shares	$ 8.53
Threshold trading days | tradingDay	20
Threshold consecutive trading days | tradingDay	30
Convertible Senior Notes due 2025 | Convertible debt | Conversion covenant two
Line of Credit Facility [Line Items]
Threshold percentage of stock price trigger (as a percent)	98%
Threshold consecutive trading days | tradingDay	10
Consecutive trading days immediately after measurement period | tradingDay	5
Convertible Senior Notes due 2025 | Convertible debt | Redemption option
Line of Credit Facility [Line Items]
Threshold percentage of stock price trigger (as a percent)	130%
Threshold trading days | tradingDay	20
Threshold consecutive trading days | tradingDay	30
Redemption price percentage (as a percent)	100%
Convertible Senior Notes due 2025 | Convertible debt | Redemption option | Maximum
Line of Credit Facility [Line Items]
Threshold trading days | tradingDay	41
Convertible Senior Notes due 2025 | Convertible debt | Upon fundamental change
Line of Credit Facility [Line Items]
Redemption price percentage (as a percent)	100%
Revolving credit facility | Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing amount			$ 20,000,000		20,000,000		20,000,000
Borrowing capacity limit, percent of accounts receivable (as a percent)			80%
Proceeds from line of credit				0		0				0
Current borrowing capacity				$ 20,000,000		$ 20,000,000				$ 20,000,000
Increase in interest rate in event of default (as a percent)				3%		3%
Contractual interest expense				$ 0	0	$ 0	0
Amortization of transaction costs				$ 10,000	$ 10,000	$ 30,000	$ 36,000
Voting stock percentage in foreign subsidiaries (as a percent)						65%
Line of credit facility, covenant compliance, adjusted quick ratio				1		1
Adjusted quick ratio, monthly report submission threshold			1.5
Revolving credit facility | Credit Agreement | Subsequent event
Line of Credit Facility [Line Items]
Maximum borrowing amount								$ 50,000,000
Revolving credit facility | Credit Agreement | Alternative base rate
Line of Credit Facility [Line Items]
Variable rate minimum (as a percent)						0.25%

Debt - Schedule of Convertible

Debt - Schedule of Convertible Debt (Details) - Convertible debt - Convertible Senior Notes due 2025 - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Jul. 31, 2020
Liability component:
Principal	$ 125,000		$ 125,000		$ 125,000
Unamortized transaction costs	(2,584)		(2,584)		(3,218)
Net carrying amount	122,416		122,416		$ 121,782	$ 102,500
Interest Expense
Contractual interest expense	1,093	$ 1,094	3,281	$ 3,259
Amortization of transaction costs	214	204	634	604
Total	$ 1,307	$ 1,298	$ 3,915	$ 3,863

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring costs incurred	$ 4,070						$ 9,136
Restructuring costs expected to be incurred, net	2,000						2,000
Restructuring Reserve [Roll Forward]
Beginning balance	1,964	$ 287	$ 415	$ 1,272	$ 4,139	$ 0	415	$ 0
Restructuring charges	4,070	4,368	698	1,770	2,155	6,873	9,136	10,798
Cash disbursements	(3,420)	(807)	(829)	(822)	(4,105)	(1,380)
Non-cash charges, other adjustments	(1,935)	(1,884)	3	(1,508)	(917)	(1,354)
Ending balance	679	1,964	287	712	1,272	4,139	679	712
Employee Severance and Related Benefits
Restructuring Reserve [Roll Forward]
Beginning balance	1,830	0	235	920	2,370	0	235	0
Restructuring charges	1,511	3,714	(95)	(1)	(247)	3,513
Cash disbursements	(3,011)	0	(140)	(357)	(1,203)	(1,143)
Non-cash charges, other adjustments	(182)	(1,884)	0	(9)	0	0
Ending balance	148	1,830	0	553	920	2,370	148	553
Share-Based Compensation
Restructuring Reserve [Roll Forward]
Beginning balance	0	0	0	0	0	0	0	0
Restructuring charges	397	0	0	(236)	917	1,354
Cash disbursements	0	0	0	0	0	0
Non-cash charges, other adjustments	(157)	0	0	383	(917)	(1,354)
Ending balance	240	0	0	147	0	0	240	147
Facilities Related Charges
Restructuring Reserve [Roll Forward]
Beginning balance	134	287	180	0	0	0	180	0
Restructuring charges	2,162	654	791	1,882	0	0
Cash disbursements	(409)	(807)	(687)	0	0	0
Non-cash charges, other adjustments	(1,596)	0	3	(1,882)	0	0
Ending balance	291	134	287	0	0	0	291	0
Professional Fees and Other
Restructuring Reserve [Roll Forward]
Beginning balance	0	0	0	352	1,769	0	0	0
Restructuring charges	0	0	2	125	1,485	2,006
Cash disbursements	0	0	(2)	(465)	(2,902)	(237)
Non-cash charges, other adjustments	0	0	0	0	0	0
Ending balance	$ 0	$ 0	$ 0	$ 12	$ 352	$ 1,769	$ 0	$ 12

Net Loss per Share - Computatio

Net Loss per Share - Computation of Basic and Diluted Net Loss per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Net loss	$ (42,617)	$ (10,105)	$ (78,217)	$ (49,332)
Basic weighted-average outstanding shares of common stock	220,194	126,791	169,166	125,710
Dilutive effect of stock options, restricted stock units, and other equity incentive plans (in shares)	0	0	0	0
Diluted weighted-average outstanding shares of common stock	220,194	126,791	169,166	125,710
Basic net loss per share (in dollars per share)	$ (0.19)	$ (0.08)	$ (0.46)	$ (0.39)
Diluted net loss per share (in dollars per share)	$ (0.19)	$ (0.08)	$ (0.46)	$ (0.39)

Net Loss per Share - Schedule o

Net Loss per Share - Schedule of Antidilutive Securities Excluded from Computation (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings (in shares)	32,856	27,732	34,899	29,521
Employee stock purchase plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings (in shares)	266	314	266	314
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings (in shares)	1,081	1,243	2,044	2,574
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings (in shares)	4,170	11,521	5,250	11,979
Convertible senior notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings (in shares)	14,654	14,654	14,654	14,654
Contingently issuable shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings (in shares)	12,685	0	12,685	0

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended
	May 31, 2019	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Nov. 30, 2021	Mar. 14, 2017	Jun. 30, 2013
Equity, Class of Treasury Stock [Line Items]
Issuance of preferred stock authorized (in shares)		7,500,000	7,500,000		7,500,000
ESPP
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized for issuance (in shares)	9,000,000							4,000,000
Increase in shares available for issuance (in shares)	5,000,000
Maximum number of shares permitted to purchase per period (in shares)	5,000
Discount from market price for employees (as a percent)			15%
Issuance of common stock under employee stock purchase plan (in shares)		0	280,000
Cash proceeds from purchase of shares under ESPP		$ 730	$ 730
Common stock reserved for future options and restricted stock awards (in shares)		2,769,000	2,769,000
Employee funds held by company for future purchase of shares		$ 621	$ 621
2007 Equity Incentive Plan
Equity, Class of Treasury Stock [Line Items]
Common stock reserved for future issuance (in shares)		15,524,000	15,524,000
2021 Inducement Plan
Equity, Class of Treasury Stock [Line Items]
Common stock reserved for future issuance (in shares)						11,000,000
Shares issued during period			10,477,000
2017 Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase amount authorized							$ 25,000
Shares repurchased and retired during period			0	0
Remaining authorized repurchase amount		$ 21,200	$ 21,200

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 336,612	$ 130,884	$ 141,579	$ 175,192
Other comprehensive (loss) gain before reclassifications			(5,117)
Amounts reclassified from accumulated other comprehensive loss			0
Other comprehensive loss	(2,049)	(526)	(5,117)	(980)
Ending balance	295,334	141,323	295,334	141,323
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(11,413)	(7,965)	(8,345)	(7,511)
Ending balance	(13,462)	$ (8,491)	(13,462)	$ (8,491)
Foreign Currency
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(8,296)
Other comprehensive (loss) gain before reclassifications			(5,130)
Amounts reclassified from accumulated other comprehensive loss			0
Other comprehensive loss			(5,130)
Ending balance	(13,426)		(13,426)
Available for Sale Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(49)
Other comprehensive (loss) gain before reclassifications			13
Amounts reclassified from accumulated other comprehensive loss			0
Other comprehensive loss			13
Ending balance	$ (36)		$ (36)

Share-Based Compensation - Comp

Share-Based Compensation - Components of Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Components of share-based compensation expense
Total share-based compensation expense	$ 8,353	$ 3,657	$ 22,656	$ 16,477
Cost of services
Components of share-based compensation expense
Total share-based compensation expense	855	438	1,589	1,142
General and administrative expense
Components of share-based compensation expense
Total share-based compensation expense	2,200	2,301	6,469	10,203
Sales and marketing expense
Components of share-based compensation expense
Total share-based compensation expense	727	640	3,284	1,598
Research and development expense
Components of share-based compensation expense
Total share-based compensation expense	4,571	662	11,314	1,647
Restructuring charge
Components of share-based compensation expense
Total share-based compensation expense	0	(384)	0	1,887
Stock options
Components of share-based compensation expense
Total share-based compensation expense	340	144	1,510	7,395
Restricted stock units
Components of share-based compensation expense
Total share-based compensation expense	7,850	3,300	20,618	8,579
ESPP
Components of share-based compensation expense
Total share-based compensation expense	$ 163	$ 213	$ 528	$ 503

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense total	$ 32,249
Share-based compensation expense, remainder of year	5,122
Share-based compensation expense, 2022	18,454
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense total	4,019
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense total	$ 28,230

Operating Leases - Right of U_3

Operating Leases - Right of Use Assets and Purchase Commitments - Right of Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2022	Dec. 31, 2021
Operating Leased Assets [Line Items]
Right-of-use assets			$ 6,680	$ 6,338
Operating lease liability obligations			4,396	1,861
Operating lease liability obligations, less current portion			10,511	$ 9,616
Total lease liability obligations			$ 14,907
Weighted-average remaining lease term			5 years 4 months 24 days
Weighted-average discount rate			5.05%
Operating lease costs	$ 398	$ 1,827
Operating cash flows from operating leases	754	2,317
Cost of sales
Operating Leased Assets [Line Items]
Operating lease costs	97	340
Operating Expenses
Operating Leased Assets [Line Items]
Operating lease costs	$ 301	$ 1,487

Operating Leases - Right of U_4

Operating Leases - Right of Use Assets and Purchase Commitments - Future Minimum Lease Payments Over Remaining Lease Periods (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Future minimum lease payments over remaining lease periods
Remainder of 2022	$ 1,360
2023	5,154
2024	2,360
2025	1,440
2026	1,468
Thereafter	5,361
Total minimum payments	17,143
Less: amount representing interest	2,236
Total	$ 14,907

Operating Leases - Right of U_5

Operating Leases - Right of Use Assets and Purchase Commitments - Minimum Purchase Commitments (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Minimum purchase commitments
Remainder of 2022	$ 24,242
2023	46,593
2024	24,592
2025	17,893
2026	13,557
Thereafter	5,234
Total minimum payments	$ 132,111

Concentrations (Details)

Concentrations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Concentration Risk [Line Items]
Revenue	$ 121,156	$ 55,202	$ 253,426	$ 154,745
Customer concentration | Sales revenue | Two Clients
Concentration Risk [Line Items]
Concentration risk percentage	10%	10%		10%
Customer concentration | Sales revenue | One Client
Concentration Risk [Line Items]
Concentration risk percentage			10%
Geographic concentration | Sales revenue
Concentration Risk [Line Items]
Concentration risk percentage	100%	100%	100%	100%
United States / Americas | Geographic concentration | Sales revenue
Concentration Risk [Line Items]
Revenue	$ 87,478	$ 33,405	$ 170,347	$ 90,576
United States and Japan | Geographic concentration | Sales revenue
Concentration Risk [Line Items]
Concentration risk percentage	10%	10%	10%	10%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 440	$ 211	$ (18,943)	$ 718

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - Affiliated entity - College Parent $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)
Related Party Transaction [Line Items]
Expenses	$ 14,304	$ 16,821
Revenue	0	0
Trade accounts receivable	0	0
Cost of sales
Related Party Transaction [Line Items]
Expenses	7,216	9,139
General and administrative expense
Related Party Transaction [Line Items]
Expenses	2,406	2,876
Sales and marketing expense
Related Party Transaction [Line Items]
Expenses	222	334
Research and development expense
Related Party Transaction [Line Items]
Expenses	$ 4,460	$ 4,472

Related Party Transactions - Su

Related Party Transactions - Summary of Amounts Due To and Due From (Details) - College Parent - Affiliated entity $ in Thousands	Sep. 30, 2022 USD ($)
Related Party Transaction [Line Items]
Total amount due from related party	$ 10,410
Total amount due to related party	16,821
Prepaid assets and other current assets
Related Party Transaction [Line Items]
Total amount due from related party	7,853
Other assets
Related Party Transaction [Line Items]
Total amount due from related party	2,557
Accounts payable
Related Party Transaction [Line Items]
Total amount due to related party	6,580
Other current liabilities
Related Party Transaction [Line Items]
Total amount due to related party	$ 10,241

Segment Reporting and Geograp_3

Segment Reporting and Geographic Areas - Narrative (Details)	9 Months Ended
	Sep. 30, 2022 location segment
Segment Reporting [Abstract]
Number of industry segment | segment	1
Number of geographic areas | location	3

Segment Reporting and Geograp_4

Segment Reporting and Geographic Areas - Revenue Earned by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 121,156	$ 55,202	$ 253,426	$ 154,745
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	96,135	34,065	181,781	92,432
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	6,954	6,427	18,924	20,986
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 18,067	$ 14,710	$ 52,721	$ 41,327
Sales revenue | Geographic concentration
Revenues from External Customers and Long-Lived Assets [Line Items]
Percent of revenue	100%	100%	100%	100%
Sales revenue | Geographic concentration | Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Percent of revenue	79%	62%	72%	60%
Sales revenue | Geographic concentration | EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Percent of revenue	6%	12%	7%	14%
Sales revenue | Geographic concentration | Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Percent of revenue	15%	26%	21%	26%

Segment Reporting and Geograp_5

Segment Reporting and Geographic Areas - Schedule of Concentration of Revenue by Country (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Concentration Risk [Line Items]
Revenue	$ 121,156	$ 55,202	$ 253,426	$ 154,745
Geographic concentration | Sales revenue | United States / Americas
Concentration Risk [Line Items]
Revenue	87,478	33,405	170,347	90,576
Geographic concentration | Sales revenue | Japan / Asia Pacific
Concentration Risk [Line Items]
Revenue	$ 10,519	$ 7,925	$ 32,571	$ 23,584

Segment Reporting and Geograp_6

Segment Reporting and Geographic Areas - Long-lived Assets by Geographical Area (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Long-lived assets by geographical area
Total long-lived assets	$ 91,670	$ 33,622
Americas
Long-lived assets by geographical area
Total long-lived assets	71,413	23,733
International
Long-lived assets by geographical area
Total long-lived assets	$ 20,257	$ 9,889

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	$ 19,975	$ 44,717
Money market funds
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	8,491	7,310
Certificate of deposit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	40	40
Commercial paper
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	3,242
Corporate notes and bonds
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	5,177	18,259
Municipal securities
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	3,025	19,108
Quoted Prices In Active Markets for Identical Assets (Level 1)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	8,491	7,310
Quoted Prices In Active Markets for Identical Assets (Level 1) | Money market funds
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	8,491	7,310
Quoted Prices In Active Markets for Identical Assets (Level 1) | Certificate of deposit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0	0
Quoted Prices In Active Markets for Identical Assets (Level 1) | Commercial paper
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0
Quoted Prices In Active Markets for Identical Assets (Level 1) | Corporate notes and bonds
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0	0
Quoted Prices In Active Markets for Identical Assets (Level 1) | Municipal securities
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	11,484	37,407
Significant Other Observable Inputs (Level 2) | Money market funds
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0	0
Significant Other Observable Inputs (Level 2) | Certificate of deposit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	40	40
Significant Other Observable Inputs (Level 2) | Commercial paper
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	3,242
Significant Other Observable Inputs (Level 2) | Corporate notes and bonds
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	5,177	18,259
Significant Other Observable Inputs (Level 2) | Municipal securities
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	3,025	19,108
Significant Unobservable Inputs (Level 3)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0	0
Significant Unobservable Inputs (Level 3) | Money market funds
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0	0
Significant Unobservable Inputs (Level 3) | Certificate of deposit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0	0
Significant Unobservable Inputs (Level 3) | Commercial paper
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0
Significant Unobservable Inputs (Level 3) | Corporate notes and bonds
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0	0
Significant Unobservable Inputs (Level 3) | Municipal securities
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	$ 0	$ 0

Uncategorized Items - egio-2022

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2020-06 [Member]