Edgio (EGIOQ) 10-Q 12 Sep 23 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2023	Aug. 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
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	No
Entity Interactive Data Current	No
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		224,956,212
Entity Central Index Key	0001391127
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents		$ 36,188	$ 55,275
Marketable securities		0	18,734
Accounts receivable, net	[1]	63,563	84,627
Income taxes receivable		155	105
Prepaid expenses and other current assets	[1]	36,778	36,374
Total current assets		136,684	195,115
Property and equipment, net		73,667	73,467
Operating lease right of use assets		4,816	5,290
Deferred income taxes		2,925	2,338
Goodwill		168,775	169,156
Intangible assets, net		80,948	91,661
Other assets	[1]	2,582	5,353
Total assets		470,397	542,380
Current liabilities:
Accounts payable	[1]	63,799	52,776
Deferred revenue		10,132	9,286
Operating lease liability obligations		3,621	4,557
Income taxes payable		3,155	3,133
Financing obligations		8,944	6,346
Other current liabilities	[1]	55,271	76,160
Total current liabilities		144,922	152,258
Convertible senior notes, net		123,070	122,631
Operating lease liability obligations, less current portion		7,730	9,181
Deferred income taxes		1,431	596
Deferred revenue, less current portion		2,247	2,949
Financing obligations, less current portion		14,208	13,784
Other long-term liabilities		858	1,658
Total liabilities		294,466	303,057
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; 223,380 and 222,232 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively		223	222
Common stock contingent consideration		16,300	16,300
Additional paid-in capital		814,405	807,507
Accumulated other comprehensive loss		(11,321)	(11,665)
Accumulated deficit		(643,676)	(573,041)
Total stockholders’ equity		175,931	239,323
Total liabilities and stockholders’ equity		$ 470,397	$ 542,380
[1]Includes amounts due to/from related parties. See Notes 6, 9, and 20 for further details.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
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)	223,380,000	222,232,000
Common stock, shares outstanding (in shares)	223,380,000	222,232,000

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenue	[1]	$ 95,765	$ 63,586	$ 197,713	$ 118,925
Cost of revenue:
Cost of services	[1],[2]	66,742	38,718	134,095	71,391
Depreciation — network		3,788	6,791	7,398	12,639
Total cost of revenue		70,530	45,509	141,493	84,030
Gross profit		25,235	18,077	56,220	34,895
Operating expenses:
General and administrative	[1]	14,480	26,812	31,316	42,645
Sales and marketing	[1]	16,167	10,834	35,789	18,461
Research and development	[1]	18,739	12,171	39,755	21,749
Depreciation and amortization		5,692	1,508	11,299	2,540
Restructuring charges		3,336	4,368	3,836	5,066
Total operating expenses		58,414	55,693	121,995	90,461
Operating loss		(33,179)	(37,616)	(65,775)	(55,566)
Other income (expense):
Interest expense		(1,701)	(1,458)	(3,278)	(2,888)
Interest income		152	33	549	60
Other, net		(545)	(1,146)	(1,354)	(1,859)
Total other expense		(2,094)	(2,571)	(4,083)	(4,687)
Loss before income taxes		(35,273)	(40,187)	(69,858)	(60,253)
Income tax expense (benefit)		379	(19,589)	777	(19,383)
Net loss		$ (35,652)	$ (20,598)	$ (70,635)	$ (40,870)
Net loss per share:
Basic (in dollars per share)		$ (0.16)	$ (0.14)	$ (0.32)	$ (0.28)
Diluted (in dollars per share)		$ (0.16)	$ (0.14)	$ (0.32)	$ (0.28)
Weighted-average shares used in per share calculation:
Basic (shares)		222,914	151,776	222,688	143,652
Diluted (shares)		222,914	151,776	222,688	143,652
[1]ncludes revenue and costs from related parties. See Note 20 for further details.[2]Cost of services excludes amortization related to intangible assets, including technology, customer relationships, and trade names, which are included in depreciation and amortization in operating expenses.

Unaudited Consolidated Statem_2

Unaudited Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (35,652)	$ (20,598)	$ (70,635)	$ (40,870)
Other comprehensive gain (loss), net of tax:
Unrealized (loss) gain on investments	(8)	55	(6)	(33)
Foreign currency translation gain (loss)	117	(2,464)	350	(3,035)
Other comprehensive gain (loss)	109	(2,409)	344	(3,068)
Comprehensive loss	$ (35,543)	$ (23,007)	$ (70,291)	$ (43,938)

Unaudited Consolidated Statem_3

Unaudited Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Common Stock Contingent Consideration	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2021		134,337
Beginning balance at Dec. 31, 2021	$ 132,074	$ 134	$ 0	$ 576,807	$ (8,345)	$ (436,522)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(40,870)					(40,870)
Change in unrealized gain on available-for-sale investments, net of taxes	(33)				(33)
Foreign currency translation adjustment, net of taxes	(3,035)				(3,035)
Exercise of common stock options (in shares)		3,195
Exercise of common stock options	8,043	$ 3		8,040
Vesting of restricted stock units (in shares)		1,522
Vesting of restricted stock units	0	$ 2		(2)
Restricted stock units surrendered in lieu of withholding taxes (in shares)		(488)
Restricted stock units surrendered in lieu of withholding taxes	(1,809)			(1,809)
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	12,340			12,340
Capital Contributions	1,884			1,884
Issuance of common stock for business acquisition (in shares)		76,968
Issuance of common stock for business acquisition	186,643	$ 77		186,566
Common stock contingent consideration related to business acquisition	16,900		16,900
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 (in shares) at Jun. 30, 2022		219,706
Ending balance at Jun. 30, 2022	322,284	$ 220	16,900	793,969	(11,413)	(477,392)
Beginning balance (in shares) at Dec. 31, 2021		134,337
Beginning balance at Dec. 31, 2021	132,074	$ 134	0	576,807	(8,345)	(436,522)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Capital Contributions	$ 5,484			2,271
Ending balance (in shares) at Dec. 31, 2022	222,232	222,232
Ending balance at Dec. 31, 2022	$ 239,323	$ 222	16,300	807,507	(11,665)	(573,041)
Beginning balance (in shares) at Mar. 31, 2022		138,178
Beginning balance at Mar. 31, 2022	124,589	$ 138	0	590,249	(9,004)	(456,794)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(20,598)					(20,598)
Change in unrealized gain on available-for-sale investments, net of taxes	55				55
Foreign currency translation adjustment, net of taxes	(2,464)				(2,464)
Exercise of common stock options (in shares)		57
Exercise of common stock options	57			57
Vesting of restricted stock units (in shares)		544
Vesting of restricted stock units	0	$ 1		(1)
Restricted stock units surrendered in lieu of withholding taxes (in shares)		(170)
Restricted stock units surrendered in lieu of withholding taxes	(524)			(524)
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	5,595			5,595
Capital Contributions	1,884			1,884
Issuance of common stock for business acquisition (in shares)		76,925
Issuance of common stock for business acquisition	186,643	$ 77		186,566
Common stock contingent consideration related to business acquisition	16,900		16,900
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 (in shares) at Jun. 30, 2022		219,706
Ending balance at Jun. 30, 2022	$ 322,284	$ 220	16,900	793,969	(11,413)	(477,392)
Beginning balance (in shares) at Dec. 31, 2022	222,232	222,232
Beginning balance at Dec. 31, 2022	$ 239,323	$ 222	16,300	807,507	(11,665)	(573,041)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(70,635)					(70,635)
Change in unrealized gain on available-for-sale investments, net of taxes	(6)				(6)
Foreign currency translation adjustment, net of taxes	350				350
Exercise of common stock options (in shares)		6
Exercise of common stock options	3			3
Vesting of restricted stock units (in shares)		1,181
Vesting of restricted stock units	0	$ 1		(1)
Restricted stock units surrendered in lieu of withholding taxes (in shares)		(39)
Restricted stock units surrendered in lieu of withholding taxes	(194)			(194)
Share-based compensation	$ 7,090			7,090
Ending balance (in shares) at Jun. 30, 2023	223,380	223,380
Ending balance at Jun. 30, 2023	$ 175,931	$ 223	16,300	814,405	(11,321)	(643,676)
Beginning balance (in shares) at Mar. 31, 2023		222,702
Beginning balance at Mar. 31, 2023	208,640	$ 223	16,300	811,571	(11,430)	(608,024)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(35,652)					(35,652)
Change in unrealized gain on available-for-sale investments, net of taxes	(8)				(8)
Foreign currency translation adjustment, net of taxes	117				117
Vesting of restricted stock units (in shares)		678
Share-based compensation	$ 2,834			2,834
Ending balance (in shares) at Jun. 30, 2023	223,380	223,380
Ending balance at Jun. 30, 2023	$ 175,931	$ 223	$ 16,300	$ 814,405	$ (11,321)	$ (643,676)

Unaudited Consolidated Statem_4

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Operating activities
Net loss	$ (35,652)	$ (20,598)	$ (70,635)	$ (40,870)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization			18,697	15,179
Share-based compensation			8,559	14,303
Foreign currency remeasurement loss			1,354	683
Deferred income taxes			0	(19,280)
(Gain) on sale of property and equipment			0	(10)
Accounts receivable charges			632	278	$ 2,413
(Accretion) amortization of (discount) premium on marketable securities			(258)	484
Noncash interest expense			439	420
Noncash capital contribution from parent			0	447
Changes in operating assets and liabilities:
Accounts receivable			20,432	(10,284)
Prepaid expenses and other current assets			(1,088)	(5,183)
Income taxes receivable			(50)	(555)
Other assets			857	1,006
Accounts payable and other current liabilities			(14,983)	26,713
Deferred revenue			2,497	1,905
Income taxes payable			(2,083)	(603)
Other long term liabilities			(799)	(57)
Net cash used in operating activities			(36,429)	(15,424)
Investing activities
Purchases of marketable securities			(9,579)	(8,179)
Sale and maturities of marketable securities			28,565	22,871
Purchases of property and equipment			(4,284)	(23,856)
Proceeds from sale of property and equipment			0	10
Cash acquired from acquisition of business			0	29,829
Net cash provided by investing activities			14,702	20,675
Financing activities
Proceeds from capital contributions			2,135	0
Proceeds from financing obligations			1,733	5,502
Repayment of financing obligations			(1,902)	(2,832)
Payments of employee tax withholdings related to restricted stock vesting			(194)	(1,809)
Proceeds from employee stock plans			3	8,771
Net cash provided by financing activities			1,775	9,632
Effect of exchange rate changes on cash and cash equivalents			865	(1,626)
Net (decrease) increase in cash and cash equivalents			(19,087)	13,257
Cash and cash equivalents, beginning of period			55,275	41,918	41,918
Cash and cash equivalents, end of period	$ 36,188	$ 55,175	36,188	55,175	$ 55,275
Supplemental disclosure of cash flow information
Cash paid during the period for interest			1,463	2,446
Cash paid during the period for income taxes, net of refunds			224	1,002
Common stock issued in connection with acquisition of business			0	186,146
Common stock contingent consideration related to business combination			0	16,900
Common stock issued for employee compensation arrangements			0	9,419
Noncash additions to financing receivables			4,438	10,489
Noncash additions to short-term financing liabilities			1,918	2,627
Noncash additions to long-term financing liabilities			2,520	7,862
Property and equipment remaining in accounts payable and other current liabilities			$ 7,056	$ 1,139

Nature of Business

Nature of Business	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	Nature of Business Edgio, Inc. (“Edgio”) is a globally-scaled, edge-enabled solutions provider for fast, secure, and frictionless digital experiences. Our solutions include customer-focused edge platforms running on top of our Global Network, Media and Applications Platforms. The media platform enables companies to stream large files (video, software downloads, live events) across the globe in a fast and secure way. The Edgio applications platform enables our clients to build, secure, and accelerate their web-based applications. 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
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 Securities Exchange Commission (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 consolidated financial statements and footnotes included in our annual report on Form 10-K for the fiscal year ended December 31, 2022. 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. 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, 2023, or for any future periods. In accordance with its accounting policies, the company reviews the estimated useful lives of its property and equipment on an ongoing basis. In January 2023, we completed an assessment of the useful lives of our network equipment and concluded to adjust our estimate of the useful life of our network equipment from three Restatement of Previously Issued Consolidated Financial Statements The company restated the consolidated financial statements for the years ended December 31, 2021 and 2020 presented in its Annual Report on Form 10-K for the year ended December 31, 2022, necessary to correct for the following errors: (i) accounting for certain financing arrangements (as failed sale leasebacks), (ii) accounting treatment for certain transitional services, and (iii) other immaterial adjustments. In addition, the company restated its unaudited quarterly financial data for the periods ended September 30, 2022 and 2021, June 30, 2022 and 2021, and March 31, 2022 and 2021. Such restated and unaudited quarterly financial data and related impacted amounts were presented in the company's Annual Report on Form 10-K for the year ended December 31, 2022. All amounts in this quarterly report on Form 10-Q affected by the restatement, including but not limited to the three and six months ended June 30, 2022, reflect such restated amounts. For the three and six months ended June 30, 2023, we incurred restatement related expenses of $2,588 and $4,763, respectively, included in general and administrative within our unaudited consolidated statement of operations. Adopted Accounting Standards None. Recently Issued Accounting Standards applicable to Edgio, Inc. None. Significant Accounting Policies There have been no changes in the significant accounting policies from those that were disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022. Revenue Recognition Revenues are recognized when control of the promised goods or services is transferred to our clients, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. Our contractual arrangements with customers generally specify monthly billing terms, and we apply the variable consideration allocation exception and record revenue based on actual usage during the month. Certain contracts contain minimum commitments over the contractual term; however, we generally have concluded that these commitments are not substantive. Accordingly, the consideration for these contracts is substantially considered variable and is recognized based on actual usage as we apply the variable consideration allocation exception to these contracts. These customers have entered into contracts with contract terms generally from one to ten years. As of June 30, 2023, we have approximately $61,214 of remaining unsatisfied performance obligations for contracts with terms over one year. Of the remaining unsatisfied performance obligations, we expect to recognize 25% in 2023, 34% in 2024, 17% in 2025, 7% in 2026, and the remainder in 2027 and thereafter.

Business Acquisitions

Business Acquisitions	6 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Business Acquisitions	Business Acquisitions Edgecast Acquisition On June 15, 2022, Edgio completed the acquisition (the “ Edgecast Acquisition ” ) of 100% of the equity interests of Edgecast Inc., a California corporation (“Edgecast”), and certain Edgecast-related businesses and assets from College Parent for total purchase consideration of $199,837. The total purchase consideration included 75,842 shares of our common stock allocated to the Edgecast Acquisition. 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. We retained an independent third-party valuation firm to assist in our valuation of the acquired assets and liabilities. The following table presents the allocation of the purchase price consideration for Edgecast: Consideration: Common stock $ 192,956 Common stock - contingent consideration 16,300 Less: Consideration allocated to employee compensation arrangements (9,419) Total consideration allocated to Edgecast Acquisition $ 199,837 The fair value of our common stock consideration was based on the 79,734 shares issued to College Parent and 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 initial common stock purchase consideration of 79,734 shares was adjusted downward for 3,892 sh ares 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 concluded it was $16,300 as of the acquisition date. 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 either a) pay the employees the amount earned and will subsequently be reimbursed by College Parent or b) College Parent will directly pay the employee the amount earned. Edgio considered whether the employee awards were part of the Edgecast Acquisition's 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 combination, 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 six months ended June 30, 2023, Edgio recorded $844 and $1,510, in compensation expense within our unaudited consolidated statements of operations as a result of the employee compensation arrangements. Of the $844 of compensation expense, $182, $64, $49, and $549 was recorded to cost of services, general and administrative, sales and marketing, and research and development, respectively. Of the $1,510 of compensation expense, $293, $167, $91, and $959 was recorded to cost of services, general and administrative, sales and marketing, and research and development, respectively. During the three and six months ended June 30, 2022, Edgio recorded $997 in compensation expense within our unaudited consolidated statements of operations as a result of the employee compensation arrangements. Of the $997 of compensation expense, $206, $178, $41, and $572 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 $1,186 as of June 30, 2023, of which $898 is expected to be recognized during the remainder of 2023 and the remainder in 2024. The Edgecast Acquisition was accounted for under the acquisition method of accounting and the operating results of Edgecast have been included in our unaudited 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 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 (inclusive of $30,000 as described above) $ 30,037 Accounts receivable 48,669 Income taxes receivable 119 Prepaid expenses and other current assets 5,676 Property and equipment 32,185 Operating lease right of use assets 1,365 Goodwill 56,546 Intangible assets Customer relationships 41,000 Technology 49,000 Other assets 1,220 Total assets acquired 265,817 Accounts payable and accrued liabilities 6,917 Deferred revenue 1,259 Operating lease liability obligations 3,071 Income taxes payable 2,465 Other current liabilities 27,500 Operating lease liability obligations, less current portion 2,531 Deferred income taxes 22,237 Total liabilities 65,980 Total purchase consideration $ 199,837 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 3.0 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 amortization period of the acquired intangible assets was 7.0 years for customer relationships and 4.0 for technology at the acquisition date. The deferred income tax liability was $22,237, primarily as a result of the fair value attributable to the identifiable intangible assets. Transaction costs incurred by us in connection with the Edgecast Acquisition were $14,139 and $19,382 for the three and six months ended June 30, 2022, respectively, and were recorded within general and administrative expenses within our unaudited consolidated statements of operations. There were no transaction costs incurred related to the Edgecast Acquisition for the three and six months ended June 30, 2023. 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 June 30, Six Months Ended June 30, 2022 2022 Revenue $ 131,851 $ 265,457 Net loss $ (28,243) $ (62,966) 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 $14,139 and $19,382, incurred in the three and six months ended June 30, 2022, respectively, and non-recurring restructuring charges related to the Edgecast Acquisition of $3,715 incurred in the three and six months ended June 30, 2022, 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.

Investments in Marketable Secur

Investments in Marketable Securities	6 Months Ended
	Jun. 30, 2023
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) as of December 31, 2022: Amortized Gross Gross Estimated Certificate of deposit $ 40 $ — $ — $ 40 Commercial paper 5,884 — — 5,884 Corporate notes and bonds 11,395 — 16 11,379 Treasury bills 985 — — 985 Agency bonds 486 — — 486 Total marketable securities $ 18,790 $ — $ 16 $ 18,774 The amortized cost and estimated fair value of marketable securities as of December 31, 2022, by maturity are shown below: Amortized Gross Gross Estimated Available-for-sale securities: Due in one year or less $ 18,750 $ — $ 16 $ 18,734 Due after one year and through five years (1) 40 — — 40 Total marketable securities $ 18,790 $ — $ 16 $ 18,774 (1) Classified in other assets.

Accounts Receivable, net

Accounts Receivable, net	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Accounts Receivable, net	Accounts Receivable, net Accounts receivable, net include: June 30, December 31, 2023 2022 Accounts receivable $ 68,753 $ 90,046 Less: credit allowance (889) (1,514) Less: allowance for doubtful accounts (4,301) (3,905) Total accounts receivable, net $ 63,563 $ 84,627 The following is a roll-forward of the allowance for doubtful accounts related to trade accounts receivable for the six months ended June 30, 2023 and the twelve months ended December 31, 2022: Six Months Ended Twelve Months Ended June 30, 2023 December 31, 2022 Beginning of period $ 3,905 $ 1,500 Provision for credit losses 632 2,413 Recoveries/write-offs (236) (8) End of period $ 4,301 $ 3,905

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	6 Months Ended
	Jun. 30, 2023
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: June 30, December 31, 2023 2022 Prepaid bandwidth and backbone $ 5,266 $ 7,431 VAT receivable 6,842 5,805 Prepaid expenses and insurance 5,132 5,352 Financing receivables 5,855 3,218 Related party receivable 7,472 7,962 Vendor deposits and other 6,211 6,606 Total prepaid expenses and other current assets $ 36,778 $ 36,374

Property and Equipment, net

Property and Equipment, net	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, net Property and equipment, net include: June 30, December 31, 2023 2022 Network equipment $ 180,812 $ 176,899 Computer equipment and software 3,408 3,680 Furniture and fixtures 1,315 1,322 Leasehold improvements 6,022 6,017 Other equipment 17 17 Total property and equipment 191,574 187,935 Less: accumulated depreciation (117,907) (114,468) Total property and equipment, net $ 73,667 $ 73,467 Cost of revenue depreciation expense related to property and equipment was $3,788 and $6,791, for the three months ended June 30, 2023 and 2022, respectively. For the six months ended June 30, 2023 and 2022, cost of revenue depreciation expense related to property and equipment was approximately $7,398 and $12,639, respectively. Operating expense depreciation and amortization expense related to property and equipment was $292 and $336, for the three months ended June 30, 2023 and 2022, respectively. For the six months ended June 30, 2023 and 2022, operating expense depreciation and amortization expense related to property and equipment was $586 and $582, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2023
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 concluded that we have one reporting unit and assigned the entire balance of goodwill to this reporting unit as of June 30, 2023. We review goodwill for impairment annually or whenever events or changes in circumstances indicate that the carrying amount may exceed their fair value. During the six months ended June 30, 2023, management identified a goodwill impairment indicator related to a decline in the company's stock price. The estimated fair value of the reporting unit is determined using a market approach. Our market capitalization is adjusted for a control premium based on the estimated average and median control premiums of transactions involving companies comparable to us. We noted that the estimated fair value of our reporting unit, using an estimated control premium of 30%, on June 30, 2023 exceeded carrying value by approximately $18,635 or 11%. Adverse changes to certain key assumptions as described above could result in a future goodwill impairment charge to earnings. Management will continue to monitor the relevant goodwill impairment indicators to determine whether a goodwill impairment charge to earnings is appropriate, and such impairment charge, if any, could be material. The changes in the carrying amount of goodwill for the six months ended June 30, 2023, were as follows: Balance, December 31, 2022 $ 169,156 Foreign currency translation adjustment (381) Balance, June 30, 2023 $ 168,775 Intangible assets consisted of the following as of June 30, 2023: Gross Accumulated Net Trade name $ 91 $ (56) $ 35 Client relationships 48,090 (8,625) 39,465 Technology 57,480 (16,032) 41,448 Total other intangible assets $ 105,661 $ (24,713) $ 80,948 Aggregate expense related to amortization of other intangible assets for the three and six months ended June 30, 2023 was $5,400 and $10,713, respectively . There were no impairment charges incurred in the three and six months ended June 30, 2023. As of June 30, 2023, the weighted-average remaining useful lives of our acquired intangible assets were 1.2 years for trade name, 5.6 years for client relationships, and 3.0 years for technology, and 4.2 years in total, for all acquired intangible assets. Intangible assets consisted of the following as of December 31, 2022: Gross Accumulated Net Trade name $ 91 $ (40) $ 51 Client relationships 48,090 (4,960) 43,130 Technology 57,480 (9,000) 48,480 Total other intangible assets $ 105,661 $ (14,000) $ 91,661 Aggregate expense related to amortization of other intangible assets for the three and six months ended June 30, 2022 was $1,172 and $1,958, respectively. There were no impairment charges incurred in the three and six months ended June 30, 2022. As of December 31, 2022, the weighted-average remaining useful lives of our acquired intangible assets were 1.7 years for trade name, 6.1 years for client relationships, and 3.4 years for technology, and 4.7 years in total, for all acquired intangible assets. As of June 30, 2023, future amortization expense related to our other intangible assets is expected to be recognized as follows: Remainder of 2023 $ 10,712 2024 21,415 2025 21,394 2026 13,141 2027 5,911 Thereafter 8,375 Total $ 80,948

Other Current Liabilities

Other Current Liabilities	6 Months Ended
	Jun. 30, 2023
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	Other Current Liabilities Other current liabilities include: June 30, December 31, 2023 2022 Accrued compensation and benefits $ 22,726 $ 19,982 Accrued cost of revenue 16,242 27,422 Accrued interest payable 1,912 1,823 Related party payable 2,248 9,931 Restructuring charges and accrued legal fees 5,726 6,184 Other accrued expenses 6,417 10,818 Total other current liabilities $ 55,271 $ 76,160

Debt

Debt	6 Months Ended
	Jun. 30, 2023
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 amended credit facility with First Citizens Bank (formerly Silicon Valley Bank) (“FCB”), 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. As a result of the restatement of our previously issued consolidated financial statements described in Note 2, we were unable to file our Annual Report on Form 10-K for the year ended December 31, 2022 on a timely basis. For the same reason, we were also unable to timely file our Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2023. Pursuant to the terms of the Indenture, on April 12, 2023, we notified the Trustee that due to our failure to timely file with the SEC our Annual Report on Form 10-K for the year ended December 31, 2022, a default (as defined in the Indenture) had occurred. On April 17, 2023, a holder of the Notes delivered a notice of default to U.S. Bank National Association (the “Trustee”) and the company notifying us that we were in breach of the Indenture for failing to provide the Trustee our Annual Report on Form 10-K for the year ended December 31, 2022. Under the terms of the Indenture, such default matured into an event of default (the “Reporting Event of Default”) on June 17, 2023. On July 21, 2023, the Trustee for the Notes delivered a notice of default to the company notifying us that we were in breach of the Indenture for failing to provide the Trustee our Quarterly Report on Form 10-Q for the three months ended March 31, 2023. Under the terms of the Indenture, such default was cured with the filing of this Quarterly Report. By notice to the holders of the Notes and the Trustee on June 12, 2023 and in accordance with the Indenture, we notified the Trustee that due to our failure to timely file with the SEC our Annual Report on Form 10-K, the company elected that the sole remedy for the Reporting Event of Default during the period beginning on June 17, 2023 (the “Reporting Event of Default Date”) and ending on the earlier of (x) 365 calendar days after the Reporting Event of Default Date and (y) the date on which we deliver the Annual Report for the year ended December 31, 2022 to the Trustee will consist of the accrual of additional interest (“Special Interest”) at a rate equal to one quarter of one percent (0.25%) of the principal amount of the outstanding Notes for the first 180 calendar days on which Special Interest accrues and, thereafter, at a rate per annum equal to one half of one percent (0.50%) of the principal amount of the outstanding Notes. The Notes will be subject to acceleration pursuant to the Indenture on account of the Reporting Event of Default if we fail to pay Special Interest when due under the Indenture. We delivered our Annual Report for the year ended December 31, 2022 to the Trustee on June 29, 2023, and as a result we incurred an immaterial amount of Special Interest charges for the three and six months ended June 30, 2023. 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 41st 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 June 30, 2023, the conditions allowing holders of the Notes to convert had not been met and therefore the Notes are not yet convertible. The Notes are classified as long-term debt on our unaudited consolidated balance sheets as of June 30, 2023, and December 31, 2022. The net carrying amount of the liability and equity components of the Notes consisted of the following: June 30, December 31, 2023 2022 Liability component: Principal $ 125,000 $ 125,000 Unamortized transaction costs (1,930) (2,369) Net carrying amount $ 123,070 $ 122,631 Interest expense recognized related to the Notes was as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Contractual interest expense $ 1,170 $ 1,094 $ 2,276 $ 2,188 Amortization of transaction costs 221 211 439 420 Total $ 1,391 $ 1,305 $ 2,715 $ 2,608 As of June 30, 2023, and December 31, 2022, the estimated fair value of the Notes was $109,094 and $107,031, 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 FCB. Since the inception, there have been eleven amendments, with the most recent amendment being on September 7, 2023. Under the tenth amendment, entered into in June 2023, our borrowing capacity was reduced to the lesser of the commitment amount of $50,000 or 50% of eligible accounts receivable while the maturity date remains at April 2, 2025. All outstanding borrowings owed under the Credit Agreement, if any, become due and payable no later than the final maturity date of April 2, 2025. As of June 30, 2023 and December 31, 2022, we had no outstanding borrowings. As of June 30, 2023, borrowings under the Credit Agreement bear interest at the greater of the current prime rate minus 0.25% or 4%. 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 June 30, 2023 and 2022, there was no interest expense and fees expense and amortization was $63 and $10, respectively. During the six months ended June 30, 2023 and 2022, there was no interest expense and fees expense and amortization was $87 and $20, respectively. Any borrowings are secured by essentially all of our domestic personal property, with a negative pledge on intellectual property. FCB’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 June 30, 2023 and December 31,

Restructuring Charges

Restructuring Charges	6 Months Ended
	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
Restructuring Charges	Restructuring Charges In the second quarter of 2023, the company's board of directors approved a restructuring plan to reduce its operating costs to continue to optimize its business model and increase efficiencies. This plan entailed a reduction in force of approximately 134 employees, or approximately 12% of the company’s global workforce. For the three and six months ended June 30, 2023, we incurred $3,336 of restructuring charges primarily related to this plan. Remaining future estimated restructuring charges of approximately $500 are expected to be incurred in the third quarter of 2023. These charges, which will be cash expenditures, consist of one-time severance charges and continuation of health benefits. In the fourth quarter of 2022, management committed to a separate action to restructure strategic and financial objectives and to optimize resources for long term growth including a reduction in global workforce. For the three months ended June 30, 2023, no costs were incurred related to this plan. For the six months ended June 30, 2023, relating to this action, we incurred $500 of costs which primarily consisted of employee severance and related benefits costs. Future restructuring charges related to this plan, are expected to be immaterial. During the three and six months ended June 30, 2022, we incurred $4,368 and $5,066 of restructuring charges, respectively, of which the majority related to previously disclosed restructuring plans and were due to facility impairment charges and employee severance and related benefits costs. Actions related to this restructuring program are substantially complete. The following table summarizes the activity of our restructuring accrual (recorded in other current liabilities on our unaudited consolidated balance sheet) during the three and six months ended June 30, 2023: Employee Severance and Related Benefits Share-Based Compensation Facilities Related Charges Total Balance as of December 31, 2022 $ 2,772 $ 240 $ 3,172 $ 6,184 Costs incurred (recorded in restructuring charges) 500 — — 500 Cash disbursements (1,488) — (698) (2,186) Balance as of March 31, 2023 $ 1,784 $ 240 $ 2,474 $ 4,498 Costs incurred (recorded in restructuring charges) 3,336 — — 3,336 Cash disbursements (1,502) — (606) (2,108) Balance as of June 30, 2023 $ 3,618 $ 240 $ 1,868 $ 5,726 The following table summarizes the activity of our restructuring accrual during the three and six months ended June 30, 2022: Employee Severance and Related Benefits Share-Based Compensation Facilities Related Charges Total Balance as of January 1, 2022 $ 235 $ — $ 180 $ 415 Costs incurred (recorded in restructuring charges) (93) — 791 698 Cash disbursements (142) — (687) (829) Noncash charges — — 3 3 Balance as of March 31, 2022 $ — $ — $ 287 $ 287 Costs incurred (recorded in restructuring charges) 3,715 — 653 4,368 Cash disbursements — — (806) (806) Balance as of June 30, 2022 $ 3,715 $ — $ 134 $ 3,849

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2023
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. Liabilities for loss contingencies arising from claims, assessments, litigation, fines, and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred. We have not recorded any accruals related to any legal matters. No assurances can be given with respect to the extent or outcome of any such litigation in the future. Indirect Tax Matters 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 to offset potential liabilities that may arise upon audit. Our reserve for indirect tax matters was immaterial as of June 30, 2023 and December 31, 2022. 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	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss Per Share We 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 June 30, Six Months Ended June 30, 2023 2022 2023 2022 Net loss $ (35,652) $ (20,598) $ (70,635) $ (40,870) Basic weighted-average outstanding shares of common stock 222,914 151,776 222,688 143,652 Basic weighted-average outstanding shares of common stock 222,914 151,776 222,688 143,652 Dilutive effect of stock options, restricted stock units, other equity incentive plans, convertible senior notes, and contingently issuable shares — — — — Diluted weighted-average outstanding shares of common stock 222,914 151,776 222,688 143,652 Basic net loss per share $ (0.16) $ (0.14) $ (0.32) $ (0.28) Diluted net loss per share $ (0.16) $ (0.14) $ (0.32) $ (0.28) For the three and six months ended June 30, 2023 and 2022, 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 June 30, Six Months Ended June 30, 2023 2022 2023 2022 Employee stock purchase plan 1,331 118 1,331 118 Stock options and warrants 12 1,859 49 2,524 Restricted stock units 159 5,097 170 5,531 Convertible senior notes 14,654 14,654 14,654 14,654 Contingently issuable shares (1) 12,685 12,685 12,685 12,685 28,841 34,413 28,889 35,512 (1) Represents common stock contingent consideration related to the Edgecast Acquisition.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2023
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 three and six months ended June 30, 2023 and 2022, respectively. As of June 30, 2023, 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 amount of shares available for issuance. The total number of shares available to be issued under the Restated 2007 Plan as of June 30, 2023 was approximately 18,123. 2017 Moov Corporation Equity Incentive Plan In connection with our acquisition of Moov, we assumed each outstanding and unvested option to purchase Moov common stock granted pursuant to the Moov Corporation 2017 Equity Incentive Plan and such options became exercisable to purchase shares of our common stock, subject to appropriate adjustments to the number of shares and the exercise price of each such option. 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 10,462 shares under the Inducement Plan as of June 30, 2023. 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 and six months ended June 30, 2023, we did not issue any shares under the ESPP. As of June 30, 2023, shares reserved for issuance to employees under this plan totaled 2,220, and we held employee contributions of $758 (included in other current liabilities) for future purchases under the ESPP. Preferred Stock Our board of directors have authorized the issuance of up to 7,500 shares of preferred stock as of June 30, 2023. 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 June 30, 2023, the board of directors had not adopted any resolutions for the issuance of preferred stock.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Changes in the components of accumulated other comprehensive loss, net of tax, for the six months ended June 30, 2023, were as follows: Foreign Available for Currency Sale Securities Total Balance, December 31, 2022 $ (11,640) $ (25) $ (11,665) Other comprehensive gain (loss) before reclassifications 350 (6) 344 Amounts reclassified from accumulated other comprehensive loss — — — Net current period other comprehensive gain (loss) 350 (6) 344 Balance, June 30, 2023 $ (11,290) $ (31) $ (11,321)

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2023
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 unaudited consolidated statements of operations: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Share-based compensation expense by type: Stock options and warrants $ 422 $ 636 $ 899 $ 1,170 Restricted stock units 1,575 4,172 4,591 8,332 Financial-based performance restricted stock units 1,773 2,240 2,626 4,436 ESPP (411) 243 443 365 Total share-based compensation expense $ 3,359 $ 7,291 $ 8,559 $ 14,303 Share-based compensation expense: Cost of services $ 321 $ 326 $ 1,000 $ 734 General and administrative expense 1,151 2,166 2,567 4,269 Sales and marketing expense 375 1,376 992 2,557 Research and development expense 1,512 3,423 4,000 6,743 Total share-based compensation expense $ 3,359 $ 7,291 $ 8,559 $ 14,303 Unrecognized share-based compensation expense totaled $22,122 as of June 30, 2023, of which $3,088 related to stock options, $8,566 related to financial-based performance restricted stock units, $10,468 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 $6,350 during the remainder of 2023, $10,052 in 2024, $4,528 in 2025, and the remainder thereafter based on scheduled vesting of the stock options, performance-based restricted stock units, and restricted stock units outstanding as of June 30, 2023.

Leases and Commitments

Leases and Commitments	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Leases and Commitments	Leases and Commitments Operating Leases - Right of Use Assets and Liabilities 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 June 30, 2023. Right-of-use assets $ 4,816 Lease liability obligations, current $ 3,621 Lease liability obligations, less current portion 7,730 Total lease liability obligations $ 11,351 Weighted-average remaining lease term 5.6 years Weighted-average discount rate 5.05 % During the three months ended June 30, 2023 and 2022, operating lease costs were $772 and $461, respectively, included primarily in operating expenses within our unaudited consolidated statement of operations. During the three months ended June 30, 2023 and 2022, cash paid for operating leases was $1,350 and $602, respectively. During the six months ended June 30, 2023 and 2022, operating lease costs were $1,390 and $821 included primarily in operating expenses within our unaudited consolidated statement of operations. During the six months ended June 30, 2023 and 2023, cash paid for operating leases was $2,709 and $1,253, respectively. Approximate future minimum lease payments for our right of use assets over the remaining lease periods as of June 30, 2023, are as follows: Remainder of 2023 $ 2,460 2024 2,360 2025 1,440 2026 1,468 2027 1,497 Thereafter 3,864 Total minimum payments 13,089 Less: amount representing interest 1,738 Total $ 11,351 Financing Obligations We enter into equipment purchase arrangements (“Open Edge arrangements”) with our partners, typically Internet service providers, where we deliver point-of-presence equipment to our partner in exchange for cash consideration. The equipment is subsequently leased back for substantially all of the equipment’s economic life, resulting in the classification of these arrangements as failed-sale leasebacks that are accounted for as financing arrangements. Open Edge arrangements' financing obligations are recognized as short-term or long-term liabilities based on the estimated payment dates. Minimum commitment payments required to pay down the financing liability by the end of the minimum commitment term, are based on our estimated incremental borrowing rate and are recorded as a reduction of the financing liability in the period they are paid. Interest expense related to Open Edge arrangements was $247 and $143 for the three months ended June 30, 2023 and 2022, respectively. Interest expense related to Open Edge arrangements was $476 and $260 for the six months ended June 30, 2023 and 2022, respectively. As of June 30, 2023, future minimum payments under the Open Edge arrangements were as follows: Remainder of 2023 $ 6,980 2024 6,247 2025 5,618 2026 4,580 2027 1,863 Thereafter 260 Total minimum payments 25,548 Less: imputed interest 2,396 Total financing obligations 23,152 Less: financing obligations, current 8,944 Financing obligations, less current portion $ 14,208 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 June 30, 2023: Remainder of 2023 $ 38,798 2024 40,334 2025 27,450 2026 19,981 2027 6,391 Thereafter 1,429 Total minimum payments (1) $ 134,383 (1) Includes Open Edge partner commitments which typically have a minimum fee commitment that is paid to the partners over the course of the arrangement. The aggregate minimum fee commitment is allocated between cost of services and financing obligations. The above table reflects the minimum fee commitment allocated to cost of services.

Concentrations

Concentrations	6 Months Ended
	Jun. 30, 2023
Risks and Uncertainties [Abstract]
Concentrations	Concentrations During the three and six months ended June 30, 2023, we had two clients, Amazon and Verizon, who each represented 10% or more of our total revenue. During the three and six months ended June 30, 2022, we had two clients, Amazon and Sony, who each represented 10% or more of our total revenue. As of June 30, 2023, we had four clients, Microsoft, Verizon, Amazon, and Disney, who each represented 10% or more of our total accounts receivable. As of December 31, 2022, we had three clients, Amazon, Verizon, and Microsoft, who each represented 10% or more of our total accounts receivable. Revenue from clients located within the United States, our country of domicile, was $71,783 for the three months ended June 30, 2023, compared to $40,478 for the three months ended June 30, 2022. For the six months ended June 30, 2023, revenue from clients located within the United States was $149,969, compared to $72,445 for the six months ended June 30, 2022.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesIncome taxes for the interim periods presented have been included in the accompanying unaudited 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 (benefit) for the three months ended June 30, 2023 and 2022 was $379 and $(19,589), respectively. For the six months ended June 30, 2023 and 2022, income tax expense (benefit) was $777 and $(19,383), respectively. Income tax expense was different than the statutory income tax rate primarily due to changes in our valuation allowance on deferred tax assets in the U.S., and the recording of state and foreign tax expense for the three month periods. We file income tax returns in jurisdictions with varying statutes of limitations. Tax years 2019 through 2022 remain subject to examination by federal tax authorities. Tax years 2018 through 2022 generally remain subject to examination by state tax authorities. As of June 30, 2023, we are not under any federal or state income tax examinations.For the three and six months ended June 30, 2023 and 2022, 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.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions College Parent and its related affiliates is considered to be a related party following the close of the Edgecast Acquisition due to its ownership interest. As of June 30, 2023, College Parent had approximately 36% ownership interest in Edgio. As of June 30, 2023, we had recorded receivables from College Parent and its affiliates related to reimbursement for certain compensation and severance plans. Additionally, as of June 30, 2023, we 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 and six months ended June 30, 2023, expenses related to these agreements were $6,772 and $15,077 of which $4,783 and $9,949 were recorded in cost of services, $889 and $2,991 were recorded in general and administrative, and $1,100 and $2,137 were recorded in research and development, respectively, within our unaudited consolidated statement of operations. For the three and six months ended June 30, 2022, expenses related to these agreements were immaterial. The following table summarizes the amounts due to and due from College Parent and its related affiliates: June 30, December 31, 2023 2022 Prepaid assets and other current assets (1) $ 7,472 $ 7,962 Other assets — 2,318 Total amount due from related party $ 7,472 $ 10,280 Accounts payable $ 8,422 $ 18,224 Other current liabilities 2,248 9,931 Total amount due to related party (2) $ 10,670 $ 28,155 (1) December 31, 2022 balance included $2,271 of receivables related to reimbursement from College Parent and its related affiliates for certain employee compensation expenses in excess of company requirements as of December 31, 2022 which were recorded as a capital contributions. (2) Inclusive of $5,484 of transition service agreement credits from College Parent and its related affiliates issued in 2022 which recorded as a capital contributions.

Segment Reporting and Geographi

Segment Reporting and Geographic Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Reporting and Geographic Information	Segment Reporting and Geographic Information 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 June 30, Six Months Ended June 30, 2023 2022 2023 2022 Americas $ 73,640 77 % $ 41,730 66 % $ 153,580 78 % $ 74,521 63 % EMEA 6,493 7 % 4,783 8 % 12,994 7 % 10,085 8 % Asia Pacific 15,632 16 % 17,073 26 % 31,139 15 % 34,319 29 % Total revenue $ 95,765 100 % $ 63,586 100 % $ 197,713 100 % $ 118,925 100 % 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 June 30, Six Months Ended June 30, Country / Region 2023 2022 2023 2022 United States / Americas $ 71,783 $ 40,478 $ 149,969 $ 72,445 Japan / Asia Pacific $ 9,655 $ 10,985 $ 18,573 $ 21,716 The following table sets forth property and equipment, net by geographic area where they are located: June 30, December 31, 2023 2022 Americas $ 65,879 $ 65,190 International 7,788 8,277 Total long-lived assets $ 73,667 $ 73,467

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements As of December 31, 2022, we held certain assets that were required to be measured at fair value on a recurring basis. The following is a summary of fair value measurements as of December 31, 2022: Fair Value Measurements at Reporting Date Using Description Total Quoted Prices In Active Markets for Identical Assets Significant Significant Cash $ 49,422 $ 49,422 $ — $ — Cash equivalents: Money market funds 2,036 2,036 — — Commercial paper 1,195 — 1,195 — Corporate notes and bonds 1,622 — 1,622 — Yankee bond 1,000 — 1,000 — Total cash equivalents 5,853 2,036 3,817 — Total cash and cash equivalents 55,275 51,458 3,817 — Marketable securities: Agency bonds 486 — 486 — Certificate of deposit (1) 40 — 40 — Commercial paper 5,884 — 5,884 — Corporate notes and bonds 11,379 — 11,379 — Treasury bills 985 — 985 — Total marketable securities 18,774 — 18,774 — Total assets measured at fair value $ 74,049 $ 51,458 $ 22,591 $ — (1) Classified in other assets. 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.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net loss	$ (35,652)	$ (20,598)	$ (70,635)	$ (40,870)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
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 Securities Exchange Commission (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 consolidated financial statements and footnotes included in our annual report on Form 10-K for the fiscal year ended December 31, 2022. 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.
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, 2023, or for any future periods. In accordance with its accounting policies, the company reviews the estimated useful lives of its property and equipment on an ongoing basis. In January 2023, we completed an assessment of the useful lives of our network equipment and concluded to adjust our estimate of the useful life of our network equipment from three
Restatement of Previously Issued Consolidated Financial Statements	Restatement of Previously Issued Consolidated Financial StatementsThe company restated the consolidated financial statements for the years ended December 31, 2021 and 2020 presented in its Annual Report on Form 10-K for the year ended December 31, 2022, necessary to correct for the following errors: (i) accounting for certain financing arrangements (as failed sale leasebacks), (ii) accounting treatment for certain transitional services, and (iii) other immaterial adjustments. In addition, the company restated its unaudited quarterly financial data for the periods ended September 30, 2022 and 2021, June 30, 2022 and 2021, and March 31, 2022 and 2021. Such restated and unaudited quarterly financial data and related impacted amounts were presented in the company's Annual Report on Form 10-K for the year ended December 31, 2022. All amounts in this quarterly report on Form 10-Q affected by the restatement, including but not limited to the three and six months ended June 30, 2022, reflect such restated amounts.
Adopted Accounting Standards and Recently Issued Accounting Standards applicable to Edgio, Inc.	Adopted Accounting Standards None. Recently Issued Accounting Standards applicable to Edgio, Inc. None.
Revenue Recognition	Revenue Recognition Revenues are recognized when control of the promised goods or services is transferred to our clients, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. Our contractual arrangements with customers generally specify monthly billing terms, and we apply the variable consideration allocation exception and record revenue based on actual usage during the month. Certain contracts contain minimum commitments over the contractual term; however, we generally have concluded that these commitments are not substantive. Accordingly, the consideration for these contracts is substantially considered variable and is recognized based on actual usage as we apply the variable consideration allocation exception to these contracts. These customers have entered into contracts with contract terms generally from one to ten years. As of June 30, 2023, we have approximately $61,214 of remaining unsatisfied performance obligations for contracts with terms over one year. Of the remaining unsatisfied performance obligations, we expect to recognize 25% in 2023, 34% in 2024, 17% in 2025, 7% in 2026, and the remainder in 2027 and thereafter.

Business Acquisitions (Tables)

Business Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisition Purchase Price	The following table presents the allocation of the purchase price consideration for Edgecast: Consideration: Common stock $ 192,956 Common stock - contingent consideration 16,300 Less: Consideration allocated to employee compensation arrangements (9,419) Total consideration allocated to Edgecast Acquisition $ 199,837
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	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 (inclusive of $30,000 as described above) $ 30,037 Accounts receivable 48,669 Income taxes receivable 119 Prepaid expenses and other current assets 5,676 Property and equipment 32,185 Operating lease right of use assets 1,365 Goodwill 56,546 Intangible assets Customer relationships 41,000 Technology 49,000 Other assets 1,220 Total assets acquired 265,817 Accounts payable and accrued liabilities 6,917 Deferred revenue 1,259 Operating lease liability obligations 3,071 Income taxes payable 2,465 Other current liabilities 27,500 Operating lease liability obligations, less current portion 2,531 Deferred income taxes 22,237 Total liabilities 65,980 Total purchase consideration $ 199,837
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 June 30, Six Months Ended June 30, 2022 2022 Revenue $ 131,851 $ 265,457 Net loss $ (28,243) $ (62,966)

Investments in Marketable Sec_2

Investments in Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Summary of Marketable Securities	The following is a summary of marketable securities (designated as available-for-sale) as of December 31, 2022: Amortized Gross Gross Estimated Certificate of deposit $ 40 $ — $ — $ 40 Commercial paper 5,884 — — 5,884 Corporate notes and bonds 11,395 — 16 11,379 Treasury bills 985 — — 985 Agency bonds 486 — — 486 Total marketable securities $ 18,790 $ — $ 16 $ 18,774
Amortized Cost and Estimated Fair Value of Marketable Securities by Maturity	The amortized cost and estimated fair value of marketable securities as of December 31, 2022, by maturity are shown below: Amortized Gross Gross Estimated Available-for-sale securities: Due in one year or less $ 18,750 $ — $ 16 $ 18,734 Due after one year and through five years (1) 40 — — 40 Total marketable securities $ 18,790 $ — $ 16 $ 18,774 (1) Classified in other assets.

Accounts Receivable, net (Table

Accounts Receivable, net (Tables)	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Summary of Accounts Receivable and Allowances for Doubtful Accounts	Accounts receivable, net include: June 30, December 31, 2023 2022 Accounts receivable $ 68,753 $ 90,046 Less: credit allowance (889) (1,514) Less: allowance for doubtful accounts (4,301) (3,905) Total accounts receivable, net $ 63,563 $ 84,627 The following is a roll-forward of the allowance for doubtful accounts related to trade accounts receivable for the six months ended June 30, 2023 and the twelve months ended December 31, 2022: Six Months Ended Twelve Months Ended June 30, 2023 December 31, 2022 Beginning of period $ 3,905 $ 1,500 Provision for credit losses 632 2,413 Recoveries/write-offs (236) (8) End of period $ 4,301 $ 3,905

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets include: June 30, December 31, 2023 2022 Prepaid bandwidth and backbone $ 5,266 $ 7,431 VAT receivable 6,842 5,805 Prepaid expenses and insurance 5,132 5,352 Financing receivables 5,855 3,218 Related party receivable 7,472 7,962 Vendor deposits and other 6,211 6,606 Total prepaid expenses and other current assets $ 36,778 $ 36,374

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment, net include: June 30, December 31, 2023 2022 Network equipment $ 180,812 $ 176,899 Computer equipment and software 3,408 3,680 Furniture and fixtures 1,315 1,322 Leasehold improvements 6,022 6,017 Other equipment 17 17 Total property and equipment 191,574 187,935 Less: accumulated depreciation (117,907) (114,468) Total property and equipment, net $ 73,667 $ 73,467

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill for the six months ended June 30, 2023, were as follows: Balance, December 31, 2022 $ 169,156 Foreign currency translation adjustment (381) Balance, June 30, 2023 $ 168,775
Schedule of Finite-Lived Intangible Assets	Intangible assets consisted of the following as of June 30, 2023: Gross Accumulated Net Trade name $ 91 $ (56) $ 35 Client relationships 48,090 (8,625) 39,465 Technology 57,480 (16,032) 41,448 Total other intangible assets $ 105,661 $ (24,713) $ 80,948 Intangible assets consisted of the following as of December 31, 2022: Gross Accumulated Net Trade name $ 91 $ (40) $ 51 Client relationships 48,090 (4,960) 43,130 Technology 57,480 (9,000) 48,480 Total other intangible assets $ 105,661 $ (14,000) $ 91,661
Schedule of Intangible Assets Future Amortization Expense	As of June 30, 2023, future amortization expense related to our other intangible assets is expected to be recognized as follows: Remainder of 2023 $ 10,712 2024 21,415 2025 21,394 2026 13,141 2027 5,911 Thereafter 8,375 Total $ 80,948

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Other Liabilities Disclosure [Abstract]
Schedule of Other Current Liabilities	Other current liabilities include: June 30, December 31, 2023 2022 Accrued compensation and benefits $ 22,726 $ 19,982 Accrued cost of revenue 16,242 27,422 Accrued interest payable 1,912 1,823 Related party payable 2,248 9,931 Restructuring charges and accrued legal fees 5,726 6,184 Other accrued expenses 6,417 10,818 Total other current liabilities $ 55,271 $ 76,160

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Convertible Debt	The net carrying amount of the liability and equity components of the Notes consisted of the following: June 30, December 31, 2023 2022 Liability component: Principal $ 125,000 $ 125,000 Unamortized transaction costs (1,930) (2,369) Net carrying amount $ 123,070 $ 122,631 Interest expense recognized related to the Notes was as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Contractual interest expense $ 1,170 $ 1,094 $ 2,276 $ 2,188 Amortization of transaction costs 221 211 439 420 Total $ 1,391 $ 1,305 $ 2,715 $ 2,608

Restructuring Charges (Tables)

Restructuring Charges (Tables)	6 Months Ended
	Jun. 30, 2023
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 unaudited consolidated balance sheet) during the three and six months ended June 30, 2023: Employee Severance and Related Benefits Share-Based Compensation Facilities Related Charges Total Balance as of December 31, 2022 $ 2,772 $ 240 $ 3,172 $ 6,184 Costs incurred (recorded in restructuring charges) 500 — — 500 Cash disbursements (1,488) — (698) (2,186) Balance as of March 31, 2023 $ 1,784 $ 240 $ 2,474 $ 4,498 Costs incurred (recorded in restructuring charges) 3,336 — — 3,336 Cash disbursements (1,502) — (606) (2,108) Balance as of June 30, 2023 $ 3,618 $ 240 $ 1,868 $ 5,726 The following table summarizes the activity of our restructuring accrual during the three and six months ended June 30, 2022: Employee Severance and Related Benefits Share-Based Compensation Facilities Related Charges Total Balance as of January 1, 2022 $ 235 $ — $ 180 $ 415 Costs incurred (recorded in restructuring charges) (93) — 791 698 Cash disbursements (142) — (687) (829) Noncash charges — — 3 3 Balance as of March 31, 2022 $ — $ — $ 287 $ 287 Costs incurred (recorded in restructuring charges) 3,715 — 653 4,368 Cash disbursements — — (806) (806) Balance as of June 30, 2022 $ 3,715 $ — $ 134 $ 3,849

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
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 June 30, Six Months Ended June 30, 2023 2022 2023 2022 Net loss $ (35,652) $ (20,598) $ (70,635) $ (40,870) Basic weighted-average outstanding shares of common stock 222,914 151,776 222,688 143,652 Basic weighted-average outstanding shares of common stock 222,914 151,776 222,688 143,652 Dilutive effect of stock options, restricted stock units, other equity incentive plans, convertible senior notes, and contingently issuable shares — — — — Diluted weighted-average outstanding shares of common stock 222,914 151,776 222,688 143,652 Basic net loss per share $ (0.16) $ (0.14) $ (0.32) $ (0.28) Diluted net loss per share $ (0.16) $ (0.14) $ (0.32) $ (0.28)
Schedule of Antidilutive Securities Excluded from Computation	For the three and six months ended June 30, 2023 and 2022, 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 June 30, Six Months Ended June 30, 2023 2022 2023 2022 Employee stock purchase plan 1,331 118 1,331 118 Stock options and warrants 12 1,859 49 2,524 Restricted stock units 159 5,097 170 5,531 Convertible senior notes 14,654 14,654 14,654 14,654 Contingently issuable shares (1) 12,685 12,685 12,685 12,685 28,841 34,413 28,889 35,512 (1) Represents common stock contingent consideration related to the Edgecast Acquisition.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Changes in the components of accumulated other comprehensive loss, net of tax, for the six months ended June 30, 2023, were as follows: Foreign Available for Currency Sale Securities Total Balance, December 31, 2022 $ (11,640) $ (25) $ (11,665) Other comprehensive gain (loss) before reclassifications 350 (6) 344 Amounts reclassified from accumulated other comprehensive loss — — — Net current period other comprehensive gain (loss) 350 (6) 344 Balance, June 30, 2023 $ (11,290) $ (31) $ (11,321)

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2023
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 unaudited consolidated statements of operations: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Share-based compensation expense by type: Stock options and warrants $ 422 $ 636 $ 899 $ 1,170 Restricted stock units 1,575 4,172 4,591 8,332 Financial-based performance restricted stock units 1,773 2,240 2,626 4,436 ESPP (411) 243 443 365 Total share-based compensation expense $ 3,359 $ 7,291 $ 8,559 $ 14,303 Share-based compensation expense: Cost of services $ 321 $ 326 $ 1,000 $ 734 General and administrative expense 1,151 2,166 2,567 4,269 Sales and marketing expense 375 1,376 992 2,557 Research and development expense 1,512 3,423 4,000 6,743 Total share-based compensation expense $ 3,359 $ 7,291 $ 8,559 $ 14,303

Leases and Commitments (Tables)

Leases and Commitments (Tables)	6 Months Ended
	Jun. 30, 2023
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 June 30, 2023. Right-of-use assets $ 4,816 Lease liability obligations, current $ 3,621 Lease liability obligations, less current portion 7,730 Total lease liability obligations $ 11,351 Weighted-average remaining lease term 5.6 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 June 30, 2023, are as follows: Remainder of 2023 $ 2,460 2024 2,360 2025 1,440 2026 1,468 2027 1,497 Thereafter 3,864 Total minimum payments 13,089 Less: amount representing interest 1,738 Total $ 11,351
Financing Leases, Future Minimum Lease Payments Over Remaining Lease Periods	As of June 30, 2023, future minimum payments under the Open Edge arrangements were as follows: Remainder of 2023 $ 6,980 2024 6,247 2025 5,618 2026 4,580 2027 1,863 Thereafter 260 Total minimum payments 25,548 Less: imputed interest 2,396 Total financing obligations 23,152 Less: financing obligations, current 8,944 Financing obligations, less current portion $ 14,208
Minimum Purchase Commitments	The following summarizes our minimum non-cancellable commitments for future periods as of June 30, 2023: Remainder of 2023 $ 38,798 2024 40,334 2025 27,450 2026 19,981 2027 6,391 Thereafter 1,429 Total minimum payments (1) $ 134,383 (1) Includes Open Edge partner commitments which typically have a minimum fee commitment that is paid to the partners over the course of the arrangement. The aggregate minimum fee commitment is allocated between cost of services and financing obligations. The above table reflects the minimum fee commitment allocated to cost of services.

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Summary of Amounts Due To and Due From	The following table summarizes the amounts due to and due from College Parent and its related affiliates: June 30, December 31, 2023 2022 Prepaid assets and other current assets (1) $ 7,472 $ 7,962 Other assets — 2,318 Total amount due from related party $ 7,472 $ 10,280 Accounts payable $ 8,422 $ 18,224 Other current liabilities 2,248 9,931 Total amount due to related party (2) $ 10,670 $ 28,155 (1) December 31, 2022 balance included $2,271 of receivables related to reimbursement from College Parent and its related affiliates for certain employee compensation expenses in excess of company requirements as of December 31, 2022 which were recorded as a capital contributions. (2) Inclusive of $5,484 of transition service agreement credits from College Parent and its related affiliates issued in 2022 which recorded as a capital contributions.

Segment Reporting and Geograp_2

Segment Reporting and Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Revenue Earned by Geographic Area	The following table sets forth our revenue by geographic area: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Americas $ 73,640 77 % $ 41,730 66 % $ 153,580 78 % $ 74,521 63 % EMEA 6,493 7 % 4,783 8 % 12,994 7 % 10,085 8 % Asia Pacific 15,632 16 % 17,073 26 % 31,139 15 % 34,319 29 % Total revenue $ 95,765 100 % $ 63,586 100 % $ 197,713 100 % $ 118,925 100 %
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 June 30, Six Months Ended June 30, Country / Region 2023 2022 2023 2022 United States / Americas $ 71,783 $ 40,478 $ 149,969 $ 72,445 Japan / Asia Pacific $ 9,655 $ 10,985 $ 18,573 $ 21,716
Long-lived Assets by Geographical Area	The following table sets forth property and equipment, net by geographic area where they are located: June 30, December 31, 2023 2022 Americas $ 65,879 $ 65,190 International 7,788 8,277 Total long-lived assets $ 73,667 $ 73,467

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Summary of Fair Value Investments	The following is a summary of fair value measurements as of December 31, 2022: Fair Value Measurements at Reporting Date Using Description Total Quoted Prices In Active Markets for Identical Assets Significant Significant Cash $ 49,422 $ 49,422 $ — $ — Cash equivalents: Money market funds 2,036 2,036 — — Commercial paper 1,195 — 1,195 — Corporate notes and bonds 1,622 — 1,622 — Yankee bond 1,000 — 1,000 — Total cash equivalents 5,853 2,036 3,817 — Total cash and cash equivalents 55,275 51,458 3,817 — Marketable securities: Agency bonds 486 — 486 — Certificate of deposit (1) 40 — 40 — Commercial paper 5,884 — 5,884 — Corporate notes and bonds 11,379 — 11,379 — Treasury bills 985 — 985 — Total marketable securities 18,774 — 18,774 — Total assets measured at fair value $ 74,049 $ 51,458 $ 22,591 $ — (1) Classified in other assets.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Jan. 31, 2023
Accounting Policies [Line Items]
Reduction of depreciation	$ (292)	$ (336)	$ (586)	$ (582)
Decrease in net loss	$ (35,652)	$ (20,598)	$ (70,635)	$ (40,870)
Basic (in dollars per share)	$ (0.16)	$ (0.14)	$ (0.32)	$ (0.28)
Diluted (in dollars per share)	$ (0.16)	$ (0.14)	$ (0.32)	$ (0.28)
Restatement related expenses	$ 2,588		$ 4,763
Committed revenue from minimum commitment contracts	61,214		61,214
Revenue recognized in period	$ 1,566	$ 742	$ 4,236	$ 2,841
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Accounting Policies [Line Items]
Remaining unsatisfied performance obligations to be recognized period	6 months		6 months
Percent of remaining unsatisfied performance obligations to be recognized	25%		25%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Accounting Policies [Line Items]
Remaining unsatisfied performance obligations to be recognized period	1 year		1 year
Percent of remaining unsatisfied performance obligations to be recognized	34%		34%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Accounting Policies [Line Items]
Remaining unsatisfied performance obligations to be recognized period	1 year		1 year
Percent of remaining unsatisfied performance obligations to be recognized	17%		17%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Accounting Policies [Line Items]
Remaining unsatisfied performance obligations to be recognized period	1 year		1 year
Percent of remaining unsatisfied performance obligations to be recognized	7%		7%
Service Life
Accounting Policies [Line Items]
Reduction of depreciation	$ 3,364		$ 7,134
Decrease in net loss	$ 3,249		$ 6,850
Basic (in dollars per share)	$ 0.01		$ 0.03
Diluted (in dollars per share)	$ 0.01		$ 0.03
Network Equipment
Accounting Policies [Line Items]
Estimated useful lives of assets					3 years
Network Equipment | Service Life
Accounting Policies [Line Items]
Estimated useful lives of assets					5 years

Business Acquisitions - Narrati

Business Acquisitions - Narrative (Details) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 15, 2022 USD ($) tradingDay $ / shares shares	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022
Business Acquisition [Line Items]
Share-based compensation expense		$ 3,359	$ 7,291	$ 8,559	$ 14,303
Unrecognized compensation expense		22,122		$ 22,122
Acquired intangible assets, weighted average useful life				4 years 2 months 12 days		4 years 8 months 12 days
Client relationships
Business Acquisition [Line Items]
Acquired intangible assets, weighted average useful life				5 years 7 months 6 days		6 years 1 month 6 days
Technology
Business Acquisition [Line Items]
Acquired intangible assets, weighted average useful life				3 years		3 years 4 months 24 days
Cost of services
Business Acquisition [Line Items]
Share-based compensation expense		321	326	$ 1,000	734
General and administrative expense
Business Acquisition [Line Items]
Share-based compensation expense		1,151	2,166	2,567	4,269
Sales and marketing expense
Business Acquisition [Line Items]
Share-based compensation expense		375	1,376	992	2,557
Research and development expense
Business Acquisition [Line Items]
Share-based compensation expense		1,512	3,423	4,000	6,743
Edgecast, Inc.
Business Acquisition [Line Items]
Business acquisition, percentage of interests acquired	100%
Consideration transferred	$ 199,837
Shares of our common stock allocated in consideration (in shares) | shares	75,842,000
Business acquisition, expected equity interest (in shares) | shares	79,734,000
Business acquisition, share price (in dollars per share) | $ / shares	$ 2.42
Consideration transferred, equity	$ 192,956
Issuance of common stock for employee compensation arrangements (in shares) | shares	3,892,000
Common stock - contingent consideration	$ 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		844	997	1,510	997
Unrecognized compensation expense		1,186		1,186
Unrecognized compensation expense, to be recognized remainder of the year		898		898
Unrecognized compensation expense, to be recognized in year one		898		898
Estimated useful lives of assets	3 years
Deferred income taxes	$ 22,237
Business acquisition, transaction costs		0	14,139	0	19,382
Edgecast, Inc. | Acquisition-related Costs
Business Acquisition [Line Items]
Business acquisition, transaction costs			3,715		3,715
Edgecast, Inc. | Client relationships
Business Acquisition [Line Items]
Acquired intangible assets, weighted average useful life	7 years
Edgecast, Inc. | Technology
Business Acquisition [Line Items]
Acquired intangible assets, weighted average useful life	4 years
Edgecast, Inc. | Cost of services
Business Acquisition [Line Items]
Share-based compensation expense		182	206	293	206
Edgecast, Inc. | General and administrative expense
Business Acquisition [Line Items]
Share-based compensation expense		64	178	167	178
Edgecast, Inc. | Sales and marketing expense
Business Acquisition [Line Items]
Share-based compensation expense		49	41	91	41
Edgecast, Inc. | Research and development expense
Business Acquisition [Line Items]
Share-based compensation expense		$ 549	$ 572	$ 959	$ 572
Edgecast, Inc. | College Parent L P
Business Acquisition [Line Items]
Consideration , equity interest (in shares) | shares	7,287,000
Consideration transferred, equity	$ 30,000
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. | College Parent L P | Contingent Consideration Stock Price Trigger One
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. | College Parent L P | Contingent Consideration Stock Price Trigger Two
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. | College Parent L P | Contingent Consideration Stock Price Trigger Three
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

Business Acquisitions - Schedul

Business Acquisitions - Schedule of Business Acquisition Purchase Price (Details) - Edgecast, Inc. $ in Thousands	Jun. 15, 2022 USD ($)
Consideration:
Common stock	$ 192,956
Common stock - contingent consideration	16,300
Less: Consideration allocated to employee compensation arrangements	(9,419)
Total consideration allocated to Edgecast Acquisition	$ 199,837

Business Acquisitions - Sched_2

Business Acquisitions - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jun. 15, 2022	Jun. 30, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill		$ 168,775	$ 169,156
Edgecast, Inc.
Business Acquisition [Line Items]
Cash	$ 30,037
Accounts receivable	48,669
Income taxes receivable	119
Prepaid expenses and other current assets	5,676
Property and equipment	32,185
Operating lease right of use assets	1,365
Goodwill	56,546
Other assets	1,220
Total assets acquired	265,817
Accounts payable and accrued liabilities	6,917
Deferred revenue	1,259
Operating lease liability obligations	3,071
Income taxes payable	2,465
Other current liabilities	27,500
Operating lease liability obligations, less current portion	2,531
Deferred income taxes	22,237
Total liabilities	65,980
Total purchase consideration	199,837
Consideration transferred, equity	192,956
Edgecast, Inc. | College Parent L P
Business Acquisition [Line Items]
Consideration transferred, equity	30,000
Edgecast, Inc. | Client relationships
Business Acquisition [Line Items]
Intangible assets	41,000
Edgecast, Inc. | Technology
Business Acquisition [Line Items]
Intangible assets	$ 49,000

Business Acquisitions - Sched_3

Business Acquisitions - Schedule of Pro Forma Information (Details) - Edgecast, Inc. - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Business Acquisition [Line Items]
Revenue	$ 131,851	$ 265,457
Net loss	$ (28,243)	$ (62,966)

Investments in Marketable Sec_3

Investments in Marketable Securities - Summary of Marketable Securities (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 18,790
Gross Unrealized Gains	0
Gross Unrealized Losses	16
Estimated Fair Value	18,774
Certificate of deposit
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	40
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Estimated Fair Value	40
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	5,884
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Estimated Fair Value	5,884
Corporate notes and bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	11,395
Gross Unrealized Gains	0
Gross Unrealized Losses	16
Estimated Fair Value	11,379
Treasury bills
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	985
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Estimated Fair Value	985
Agency bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	486
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Estimated Fair Value	$ 486

Investments in Marketable Sec_4

Investments in Marketable Securities - Amortized Cost and Estimated Fair Value of Marketable Securities by Maturity (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Investments, Debt and Equity Securities [Abstract]
Amortized Cost, Due in one year or less	$ 18,750
Amortized Cost, Due after one year and through five years	40
Amortized Cost	18,790
Gross Unrealized Gains, Due in one year or less	0
Gross Unrealized Gains, Due after one year and through five years	0
Gross Unrealized Gains	0
Gross Unrealized Losses, Due in one year or less	16
Gross Unrealized Losses, Due after one year and through five years	0
Gross Unrealized Losses	16
Estimated Fair Value, Due in one year or less	18,734
Estimated Fair Value, Due after one year and through five years	40
Estimated Fair Value	$ 18,774

Accounts Receivable, net (Detai

Accounts Receivable, net (Details) - USD ($) $ in Thousands		6 Months Ended		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Summary of Accounts Receivable, net
Accounts receivable		$ 68,753		$ 90,046
Less: credit allowance		(889)		(1,514)
Less: allowance for doubtful accounts		(4,301)		(3,905)
Total accounts receivable, net	[1]	63,563		84,627
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning of period		3,905	$ 1,500	1,500
Provision for credit losses		632	$ 278	2,413
Recoveries/write-offs		(236)		(8)
End of period		$ 4,301		$ 3,905
[1]Includes amounts due to/from related parties. See Notes 6, 9, and 20 for further details.

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid bandwidth and backbone		$ 5,266	$ 7,431
VAT receivable		6,842	5,805
Prepaid expenses and insurance		5,132	5,352
Financing receivables		5,855	3,218
Related party receivable		7,472	7,962
Vendor deposits and other		6,211	6,606
Total prepaid expenses and other current assets	[1]	$ 36,778	$ 36,374
[1]Includes amounts due to/from related parties. See Notes 6, 9, and 20 for further details.

Property and Equipment, net - S

Property and Equipment, net - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property and equipment, net
Total property and equipment	$ 191,574	$ 187,935
Less: accumulated depreciation	(117,907)	(114,468)
Total property and equipment, net	73,667	73,467
Network equipment
Property and equipment, net
Total property and equipment	180,812	176,899
Computer equipment and software
Property and equipment, net
Total property and equipment	3,408	3,680
Furniture and fixtures
Property and equipment, net
Total property and equipment	1,315	1,322
Leasehold improvements
Property and equipment, net
Total property and equipment	6,022	6,017
Other equipment
Property and equipment, net
Total property and equipment	$ 17	$ 17

Property and Equipment, net - N

Property and Equipment, net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Cost of revenue depreciation expense	$ 3,788	$ 6,791	$ 7,398	$ 12,639
Operating expense depreciation	$ 292	$ 336	$ 586	$ 582

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Narrative (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) reportingUnit	Jun. 30, 2022 USD ($)	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Number of reporting units | reportingUnit			1
Percentage of estimated control premium	30%		30%
Estimated fair value exceeded carrying value	$ 18,635,000		$ 18,635,000
Estimated fair value in excess of carrying value of goodwill, percentage	11%		11%
Amortization expense, intangible assets	$ 5,400,000	$ 1,172,000	$ 10,713,000	$ 1,958,000
Impairment of intangible assets	$ 0	$ 0	$ 0	$ 0
Acquired intangible assets, weighted average useful life			4 years 2 months 12 days		4 years 8 months 12 days
Trade name
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, weighted average useful life			1 year 2 months 12 days		1 year 8 months 12 days
Client relationships
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, weighted average useful life			5 years 7 months 6 days		6 years 1 month 6 days
Technology
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, weighted average useful life			3 years		3 years 4 months 24 days

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 169,156
Foreign currency translation adjustment	(381)
Ending balance	$ 168,775

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 105,661	$ 105,661
Accumulated Amortization	(24,713)	(14,000)
Net Carrying Amount	80,948	91,661
Trade name
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	91	91
Accumulated Amortization	(56)	(40)
Net Carrying Amount	35	51
Client relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	48,090	48,090
Accumulated Amortization	(8,625)	(4,960)
Net Carrying Amount	39,465	43,130
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	57,480	57,480
Accumulated Amortization	(16,032)	(9,000)
Net Carrying Amount	$ 41,448	$ 48,480

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Schedule of Intangible Assets Future Amortization Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2023	$ 10,712
2024	21,415
2025	21,394
2026	13,141
2027	5,911
Thereafter	8,375
Net Carrying Amount	$ 80,948	$ 91,661

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Accrued compensation and benefits		$ 22,726	$ 19,982
Accrued cost of revenue		16,242	27,422
Accrued interest payable		1,912	1,823
Related party payable		2,248	9,931
Restructuring charges and accrued legal fees		5,726	6,184
Other accrued expenses		6,417	10,818
Total other current liabilities	[1]	$ 55,271	$ 76,160
[1]Includes amounts due to/from related parties. See Notes 6, 9, and 20 for further details.

Debt - Narrative (Details)

Debt - Narrative (Details) $ / shares in Units, shares in Millions			1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 12, 2023	Jul. 27, 2020 USD ($) tradingDay $ / shares shares	Jun. 30, 2023 USD ($) amendment	Jun. 30, 2023 USD ($) amendment	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) amendment	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Jul. 22, 2020 $ / shares
Line of Credit Facility [Line Items]
Share price (in dollars per share) | $ / shares									$ 6.69
Convertible debt, fair value			$ 109,094,000	$ 109,094,000		$ 109,094,000		$ 107,031,000
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
Additional interest rate, first threshold period	0.25%
Additional interest rate, second threshold period	0.50%
Conversion price (in dollars per share) | $ / shares		$ 8.53
Conversion ratio		0.1172367
Share price premium (as a percent)		27.50%
Carrying amount			$ 123,070,000	123,070,000		123,070,000		122,631,000
Contractual interest expense				1,170,000	$ 1,094,000	2,276,000	$ 2,188,000
Amortization of transaction costs				$ 221,000	211,000	$ 439,000	420,000
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%
First Citizens Bank Credit Agreement | Revolving credit facility
Line of Credit Facility [Line Items]
Stated interest rate (as a percent)			4%	4%		4%
Maximum borrowing amount			$ 50,000,000	$ 50,000,000		$ 50,000,000
Borrowing capacity limit, percent of accounts receivable (as a percent)			50%
Proceeds from line of credit			$ 0	$ 0		$ 0		$ 0
Number of amendments | amendment			11	11		11
Increase in interest rate in event of default (as a percent)			3%	3%		3%
Contractual interest expense				$ 0	0	$ 0	0
Amortization of transaction costs				$ 63,000	$ 10,000	$ 87,000	$ 20,000
Voting stock percentage in foreign subsidiaries (as a percent)						65%
Line of credit facility, covenant compliance, adjusted quick ratio			1	1		1
First Citizens Bank Credit Agreement | Revolving credit facility | 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		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Liability component:
Principal	$ 125,000		$ 125,000		$ 125,000
Unamortized transaction costs	(1,930)		(1,930)		(2,369)
Net carrying amount	123,070		123,070		$ 122,631
Interest Expense
Contractual interest expense	1,170	$ 1,094	2,276	$ 2,188
Amortization of transaction costs	221	211	439	420
Total	$ 1,391	$ 1,305	$ 2,715	$ 2,608

Restructuring Charges - Narrati

Restructuring Charges - Narrative (Details) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023 USD ($) employee	Mar. 31, 2023 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 3,336	$ 500	$ 4,368	$ 698	$ 3,836	$ 5,066
2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected number of positions eliminated | employee	134,000
Restructuring and related cost, expected number of positions eliminated percentage	12%
Restructuring charges	$ 3,336				3,336
Restructuring costs expected to be incurred	500				500
Restructuring plan long term growth and reduction in workforce
Restructuring Cost and Reserve [Line Items]
Restructuring costs incurred	$ 0				$ 500

Restructuring Charges - Activit

Restructuring Charges - Activity of Restructuring Accrual (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Restructuring Reserve [Roll Forward]
Beginning balance	$ 4,498	$ 6,184	$ 287	$ 415	$ 6,184	$ 415
Restructuring charges	3,336	500	4,368	698	3,836	5,066
Cash disbursements	(2,108)	(2,186)	(806)	(829)
Noncash charges				3
Ending balance	5,726	4,498	3,849	287	5,726	3,849
Employee Severance and Related Benefits
Restructuring Reserve [Roll Forward]
Beginning balance	1,784	2,772	0	235	2,772	235
Restructuring charges	3,336	500	3,715	(93)
Cash disbursements	(1,502)	(1,488)	0	(142)
Noncash charges				0
Ending balance	3,618	1,784	3,715	0	3,618	3,715
Share-Based Compensation
Restructuring Reserve [Roll Forward]
Beginning balance	240	240	0	0	240	0
Restructuring charges	0	0	0	0
Cash disbursements	0	0	0	0
Noncash charges				0
Ending balance	240	240	0	0	240	0
Facilities Related Charges
Restructuring Reserve [Roll Forward]
Beginning balance	2,474	3,172	287	180	3,172	180
Restructuring charges	0	0	653	791
Cash disbursements	(606)	(698)	(806)	(687)
Noncash charges				3
Ending balance	$ 1,868	$ 2,474	$ 134	$ 287	$ 1,868	$ 134

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		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Net loss	$ (35,652)	$ (20,598)	$ (70,635)	$ (40,870)
Basic weighted-average outstanding shares of common stock (in shares)	222,914	151,776	222,688	143,652
Dilutive effect of stock options, restricted stock units, other equity incentive plans, convertible senior notes, and contingently issuable shares (in shares)	0	0	0	0
Diluted weighted-average outstanding shares of common stock (in shares)	222,914	151,776	222,688	143,652
Decrease in basic net loss per share (in dollars per share)	$ (0.16)	$ (0.14)	$ (0.32)	$ (0.28)
Decrease in diluted net loss per share (in dollars per share)	$ (0.16)	$ (0.14)	$ (0.32)	$ (0.28)

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		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings (in shares)	28,841	34,413	28,889	35,512
Employee stock purchase plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings (in shares)	1,331	118	1,331	118
Stock options and warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings (in shares)	12	1,859	49	2,524
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings (in shares)	159	5,097	170	5,531
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	12,685	12,685	12,685

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	May 31, 2019	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Dec. 31, 2022	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
Employee Stock Purchase Plan
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		0
Common stock reserved for future options and restricted stock awards (in shares)		2,220,000		2,220,000
Employee funds held by company for future purchase of shares		$ 758		$ 758
2007 Equity Incentive Plan
Equity, Class of Treasury Stock [Line Items]
Common stock reserved for future issuance (in shares)		18,123,000		18,123,000
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				10,462,000
2017 Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase amount authorized							$ 25,000
Shares repurchased and retired during period (in shares)		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		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 208,640	$ 124,589	$ 239,323	$ 132,074
Other comprehensive gain (loss) before reclassifications			344
Amounts reclassified from accumulated other comprehensive loss			0
Other comprehensive gain (loss)	109	(2,409)	344	(3,068)
Ending balance	175,931	322,284	175,931	322,284
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(11,430)	(9,004)	(11,665)	(8,345)
Ending balance	(11,321)	$ (11,413)	(11,321)	$ (11,413)
Foreign Currency
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(11,640)
Other comprehensive gain (loss) before reclassifications			350
Amounts reclassified from accumulated other comprehensive loss			0
Other comprehensive gain (loss)			350
Ending balance	(11,290)		(11,290)
Available for Sale Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(25)
Other comprehensive gain (loss) before reclassifications			(6)
Amounts reclassified from accumulated other comprehensive loss			0
Other comprehensive gain (loss)			(6)
Ending balance	$ (31)		$ (31)

Share-Based Compensation - Comp

Share-Based Compensation - Components of Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Components of share-based compensation expense
Total share-based compensation expense	$ 3,359	$ 7,291	$ 8,559	$ 14,303
Cost of services
Components of share-based compensation expense
Total share-based compensation expense	321	326	1,000	734
General and administrative expense
Components of share-based compensation expense
Total share-based compensation expense	1,151	2,166	2,567	4,269
Sales and marketing expense
Components of share-based compensation expense
Total share-based compensation expense	375	1,376	992	2,557
Research and development expense
Components of share-based compensation expense
Total share-based compensation expense	1,512	3,423	4,000	6,743
Stock options and warrants
Components of share-based compensation expense
Total share-based compensation expense	422	636	899	1,170
Restricted stock units
Components of share-based compensation expense
Total share-based compensation expense	1,575	4,172	4,591	8,332
Financial-based performance restricted stock units
Components of share-based compensation expense
Total share-based compensation expense	1,773	2,240	2,626	4,436
ESPP
Components of share-based compensation expense
Total share-based compensation expense	$ (411)	$ 243	$ 443	$ 365

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense total	$ 22,122
Share-based compensation expense, remainder of year	6,350
Share-based compensation expense, next fiscal year	10,052
Share-based compensation expense, year two	4,528
Stock options and warrants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense total	3,088
Financial-based performance restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense total	8,566
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation expense total	$ 10,468

Leases and Commitments - Right

Leases and Commitments - Right of Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Right-of-use assets	$ 4,816	$ 5,290
Lease liability obligations, current	3,621	4,557
Lease liability obligations, less current portion	7,730	$ 9,181
Total lease liability obligations	$ 11,351
Weighted-average remaining lease term	5 years 7 months 6 days
Weighted-average discount rate (as a percent)	5.05%

Leases and Commitments - Narrat

Leases and Commitments - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Operating lease costs	$ 772	$ 461	$ 1,390	$ 821
Operating cash flows from operating leases	1,350	602	2,709	1,253
Lease expense	$ 247	$ 143	$ 476	$ 260

Leases and Commitments - Future

Leases and Commitments - Future Minimum Lease Payments Over Remaining Lease Periods (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Operating Obligations
Remainder of 2023	$ 2,460
2024	2,360
2025	1,440
2026	1,468
2027	1,497
Thereafter	3,864
Total minimum payments	13,089
Less: amount representing interest	1,738
Total	11,351
Financing Obligations
Remainder of 2023	6,980
2024	6,247
2025	5,618
2026	4,580
2027	1,863
Thereafter	260
Total minimum payments	25,548
Less: imputed interest	2,396
Total financing obligations	23,152
Financing obligations	8,944	$ 6,346
Financing obligations, less current portion	$ 14,208	$ 13,784

Leases and Commitments - Minimu

Leases and Commitments - Minimum Purchase Commitments (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Minimum purchase commitments
Remainder of 2023	$ 38,798
2024	40,334
2025	27,450
2026	19,981
2027	6,391
Thereafter	1,429
Total minimum payments	$ 134,383

Concentrations (Details)

Concentrations (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Concentration Risk [Line Items]
Revenue	[1]	$ 95,765	$ 63,586	$ 197,713	$ 118,925
Geographic concentration | Sales revenue
Concentration Risk [Line Items]
Concentration risk percentage, or more		100%	100%	100%	100%
United States / Americas | Geographic concentration | Sales revenue
Concentration Risk [Line Items]
Concentration risk percentage, or more				10%
Revenue		$ 71,783	$ 40,478	$ 149,969	$ 72,445
United States and Japan | Geographic concentration | Sales revenue
Concentration Risk [Line Items]
Concentration risk percentage, or more		10%	10%		10%
Amazon and Verizon | Customer concentration | Sales revenue
Concentration Risk [Line Items]
Concentration risk percentage, or more		10%		10%
Amazon and Sony | Customer concentration | Sales revenue
Concentration Risk [Line Items]
Concentration risk percentage, or more			10%		10%
Microsoft, Verizon, Amazon and Disney | Customer concentration | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk percentage, or more				10%
Amazon, Verizon, and Microsoft | Customer concentration | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk percentage, or more						10%
[1]ncludes revenue and costs from related parties. See Note 20 for further details.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 379	$ (19,589)	$ 777	$ (19,383)

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Cost of service	[1],[2]	$ 66,742	$ 38,718	$ 134,095	$ 71,391
General and administrative	[2]	14,480	26,812	31,316	42,645
Research and development	[2]	18,739	12,171	39,755	21,749
Revenue	[2]	95,765	63,586	197,713	118,925
Accounts receivable, net	[3]	63,563		63,563		$ 84,627
Related Party
Related Party Transaction [Line Items]
Related party expenses		6,772	0	15,077	0
Cost of service		4,783		9,949
General and administrative		889		2,991
Research and development		1,100		2,137
Revenue		712	$ 0	1,430	$ 0
Accounts receivable, net		$ 1,214		$ 1,214		$ 1,695
Edgio Inc | College Parent L P
Related Party Transaction [Line Items]
Ownership interest		36%		36%
[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 operating expenses.[2]ncludes revenue and costs from related parties. See Note 20 for further details.[3]Includes amounts due to/from related parties. See Notes 6, 9, and 20 for further details.

Related Party Transactions - Su

Related Party Transactions - Summary of Amounts Due To and Due From (Details) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended	12 Months Ended
		Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2022	Jun. 30, 2023
Related Party Transaction [Line Items]
Prepaid assets and other current assets	[1]			$ 36,374	$ 36,778
Other assets	[1]			5,353	2,582
Accounts payable	[1]			52,776	63,799
Other current liabilities	[1]			76,160	55,271
Capital Contributions		$ 1,884	$ 1,884	5,484
Additional Paid-In Capital
Related Party Transaction [Line Items]
Capital Contributions		$ 1,884	$ 1,884	2,271
Related Party
Related Party Transaction [Line Items]
Prepaid assets and other current assets				7,962	7,472
Other assets				2,318	0
Total amount due from related party				10,280	7,472
Accounts payable				18,224	8,422
Other current liabilities				9,931	2,248
Total amount due to related party				$ 28,155	$ 10,670
[1]Includes amounts due to/from related parties. See Notes 6, 9, and 20 for further details.

Segment Reporting and Geograp_3

Segment Reporting and Geographic Information - Narrative (Details)	6 Months Ended
	Jun. 30, 2023 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 Information - Revenue Earned by Geographic Area (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	[1]	$ 95,765	$ 63,586	$ 197,713	$ 118,925
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue		73,640	41,730	153,580	74,521
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue		6,493	4,783	12,994	10,085
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue		$ 15,632	$ 17,073	$ 31,139	$ 34,319
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		77%	66%	78%	63%
Sales revenue | Geographic concentration | EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Percent of revenue		7%	8%	7%	8%
Sales revenue | Geographic concentration | Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Percent of revenue		16%	26%	15%	29%
[1]ncludes revenue and costs from related parties. See Note 20 for further details.

Segment Reporting and Geograp_5

Segment Reporting and Geographic Information - Schedule of Concentration of Revenue by Country (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Concentration Risk [Line Items]
Revenue	[1]	$ 95,765	$ 63,586	$ 197,713	$ 118,925
Geographic concentration | Sales revenue | United States / Americas
Concentration Risk [Line Items]
Revenue		71,783	40,478	149,969	72,445
Geographic concentration | Sales revenue | Japan / Asia Pacific
Concentration Risk [Line Items]
Revenue		$ 9,655	$ 10,985	$ 18,573	$ 21,716
[1]ncludes revenue and costs from related parties. See Note 20 for further details.

Segment Reporting and Geograp_6

Segment Reporting and Geographic Information - Long-lived Assets by Geographical Area (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Long-lived assets by geographical area
Total long-lived assets	$ 73,667	$ 73,467
Americas
Long-lived assets by geographical area
Total long-lived assets	65,879	65,190
International
Long-lived assets by geographical area
Total long-lived assets	$ 7,788	$ 8,277

Fair Value Measurements (Detail

Fair Value Measurements (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	$ 74,049
Cash and Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	55,275
Cash
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	49,422
Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	5,853
Money market funds | Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	2,036
Commercial paper
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	5,884
Commercial paper | Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	1,195
Yankee bond | Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	1,000
Agency bonds
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	486
Certificate of deposit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	40
Corporate notes and bonds
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	11,379
Corporate notes and bonds | Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	1,622
Treasury bills
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	985
Total marketable securities
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	18,774
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	51,458
Quoted Prices In Active Markets for Identical Assets (Level 1) | Cash and Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	51,458
Quoted Prices In Active Markets for Identical Assets (Level 1) | Cash
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	49,422
Quoted Prices In Active Markets for Identical Assets (Level 1) | Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	2,036
Quoted Prices In Active Markets for Identical Assets (Level 1) | Money market funds | Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	2,036
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) | Commercial paper | Cash Equivalents
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) | Yankee bond | Cash Equivalents
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) | Agency bonds
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) | Certificate of deposit
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
Quoted Prices In Active Markets for Identical Assets (Level 1) | Corporate notes and bonds | Cash Equivalents
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) | Treasury bills
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) | Total marketable securities
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0
Significant Other Observable Inputs (Level 2)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	22,591
Significant Other Observable Inputs (Level 2) | Cash and Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	3,817
Significant Other Observable Inputs (Level 2) | Cash
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0
Significant Other Observable Inputs (Level 2) | Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	3,817
Significant Other Observable Inputs (Level 2) | Money market funds | Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0
Significant Other Observable Inputs (Level 2) | Commercial paper
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	5,884
Significant Other Observable Inputs (Level 2) | Commercial paper | Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	1,195
Significant Other Observable Inputs (Level 2) | Yankee bond | Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	1,000
Significant Other Observable Inputs (Level 2) | Agency bonds
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	486
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
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	11,379
Significant Other Observable Inputs (Level 2) | Corporate notes and bonds | Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	1,622
Significant Other Observable Inputs (Level 2) | Treasury bills
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	985
Significant Other Observable Inputs (Level 2) | Total marketable securities
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	18,774
Significant Unobservable Inputs (Level 3)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0
Significant Unobservable Inputs (Level 3) | Cash and Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0
Significant Unobservable Inputs (Level 3) | Cash
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0
Significant Unobservable Inputs (Level 3) | Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0
Significant Unobservable Inputs (Level 3) | Money market funds | Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	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) | Commercial paper | Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0
Significant Unobservable Inputs (Level 3) | Yankee bond | Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0
Significant Unobservable Inputs (Level 3) | Agency bonds
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	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
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
Significant Unobservable Inputs (Level 3) | Corporate notes and bonds | Cash Equivalents
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0
Significant Unobservable Inputs (Level 3) | Treasury bills
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	0
Significant Unobservable Inputs (Level 3) | Total marketable securities
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total assets measured at fair value	$ 0