in all everyone I are otherwise then And forward and and business today. results thanks joining Thank results stated, discuss Note Todd. metrics based. discussion unless our financial guidance. that you, financial our for non-GAAP us review my will
fourth top to our million. million revenue XX% $XXX the quarter $XXX exceeding year-over-year million, for to guidance $XXX.X end Total the of increased of
or this explained million $X.X Todd pay customer amount true-up As is included payment. take a in revenue
have earlier, Todd $XXX.X growth mentioned would and been representing this excluding annual sequentially. our XX% million revenue X% As true-up,
Sciences excluding quarter or adjustments a related year fourth over price In XX% increase, the of impact increase the Signal deferred XX% products of purchase was revenue, revenue. from to revenue XX%
environment. beyond. healthy well growth traffic see share, to expansion for our customers. continued us and otherwise continue relatively position revenue challenging our smaller from market given from dynamics These XXXX enterprise And benefited gain into share and We we've
XXX% from was Our slightly in rate the up XXX%, trailing net quarter. XX-month prior retention
low retention We continue of strong. our than customer X% dynamics less churn remains very experience and to
customers end QX, $XXX,XXX of As XXX classified at we had Todd customers months. the stated, those of revenue XX were as X,XXX over the enterprise, of trailing was excess in which of
for basis. revenue In total on line accounted QX. of their with XX% customers trailing contribution Enterprise a in XX-month
$XXX,XXX dollars spent. $XXX,XXX in representing expansion spend from average customer enterprise in grew X% Our to quarter, previous the
with our XX-month customer rate customers our spend Our our and strong our adoption average and new ability emerging by retention compute expand increasing trailing largest traffic enterprise delivery business. net of in growth in to of demonstrate and continued share products security and
comprise revenues quarter. Our slight top in the A total quarter customers the fourth XXXX. XX% the in of XX% our XX prior increase contribution of to
As closely I of efforts with discussed on organization financial a our leadership. Todd's great our with made new progress call, deal we've QX in that align
Fastly's margin and decreased but simplify cross processes. our the efficiency functional and We our increasing improve investor also efforts are our in improve and it are benefits efforts community. from business, strengthened positioning and only to of to capital gross the efforts plan to engineering operations allows that platform and financial efficiency These review competitive dry our our term, position us seeing our transparency not forecasting deployment longer in our
fourth to I turn will for of the our quarter. now rest financial results the
our to in margin or $X the and prior of million excluding the cancellation was due in it our gross pay true-up margin sequential in improve discussed reflects gross the third fee to lift Our the in gross compared efforts second of XXXX. quarter XXXX fourth results XX.X% XX.X%, This the of the improvement earlier, Todd would margins. half or our take quarter expectations XX% to million that $X.X primarily
to of QX, at bandwidth bandwidth of we impacted our increase quarter, further shared continue the end on which and fourth traffic, which of all our As rates our reduces in our reduction saw percentage the QX the favorably a we costs. call, peering we
with to our network investment continue benefits in for patterns We capacity more or closely and planning see demand. match and investment improvements traffic our capacity
platform. work our efforts reflect efficiency expected through demands about traffic further spoke capacity this to our increase with our commitments Our a meaningful align in with reduce earlier, coupled capital Todd cancellations, investments commitment the of to existing
modest the which also have gross in Note in margin in We fourth seasonal impacts revenue quarter, to platform benefited from on will a increase quarter the in first moment. expand overhead favorably our that fourth seasonal the utilization this relative revenue of headwind. our declined quarter a costs. the I'll
QX sequentially fourth an in with achievement range $XX 'XX from of gross Operating XX%, and third and higher expenses guidance end This quarter. resulted the X% the over of the high $XX margin the exceeding loss loss quarter operating combined of level up million. million revenue of expenses our up million, $XX in to operating operating $XX were
net compared per million the fourth to $X.X of loss Our diluted share or per a basic and or quarter diluted loss $X.XX loss million, in XXXX. QX and $XX.X basic in was loss a net share $X.XX
Our quarter adjusted QX EBITDA 'XX. was for $X.X compared in to the fourth $XX,XXX, negative million negative
reduced $XX from Turning negative securities our the equivalents, and classified term. sequentially cash including $XXX of investments, million million. ended third and quarter in And free we to cash $XX marketable balance the quarters long approximately the sheet, flow with million those negative as cash,
in expenditures the capital of low XX% XX% the XXXX range to shared landing fiscal and fourth outlook for a approximately cash the of revenue our end XX% of in quarter, QX of for Our at XX% year revised were year.
Our prepaid capital capital include equipment. use software, the deployment capitalized cash and expenditures internal
we of range revenue. to a X% capital of expect decline our XXXX, expenditures For further to to cash X%
to by include obligation looking future quarter first outlook expectations Actual to that as will remind undertake differ the statements based the of forward materially, looking full in and current these no the forward I today, to and except and results update as may statements. for we following turn law. required like year are XXXX. discuss on now the our everyone statements I'd again,
to improved look XXXX to via quarter outlook products. are by new strong continued we line and part year growth customers, within in and our and ability 'XX driven reflect full first deliver enhanced acquisition our top As customer expansion enterprise
Our on have revenue visibility guidance is we based today. the that
XXXX year our expect revenue XXXX. expense in growth, operating over meaningful for improvement the full in and expect to growth We lag a losses
expansion in we customer new growth initiatives specifically, to our and existing More our are our market revenue our efforts, as accelerate continue acquisition. go-to investing part of our in customer
cost we G&A. last product will meaningful leverage efficiencies drive continue opportunities discussed expect on in And especially our see our call, in operations, And investments our as to meaningful XXXX. we to We and R&D. we see greater in G&A in our across
costs these as For decreased of percentage revenue. have a
quarter, Given our live network fourth revenue quarter drivers relative sees the sports In favorably traffic shopping the quarter, the see by a XXXX. XXXX after patterns, flat and of the XXXX, in expect seasonality nature quarter in and streaming viewership, fourth similar to we historically, down the this first of trajectory outage. impacted traffic was of including the return QX first holiday to to
to in fourth that or excluding of million. one-time XXXX, quarter the pay $XXX.X fourth revenues take also you the I'd like quarter true-up remind were
midpoint. of result, million, annual the $XXX in $XXX we for at As first a to revenue million quarter, the representing range expect XX% the growth
our basis margins of As expect our XX.X%. aforementioned I mentioned points Adjusted for XXX gross down XXX earlier, to from to in we the our quarter given true-up. the gross QX business, first to be seasonality margin in
see expect accretion margin XX%. year, distance gross exit with continued full of to the striking the gross margins we and year within to For
in We our did negative any quarter not prior compared fourth meaningful or see to the to positive changes the as quarter. pricing
sales extend timing events first We expenses an in will increase will of relative the the in operating quarter. the that which QX quarter, taxes, of fourth expect second payroll and XXXX the to due into impact to increase quarter
anticipate growth, However, our losses expense XXXX meaningful mentioned over for in as growth to in lag we year I a improvement with above, revenue operating the XXXX.
non-GAAP to $XX of loss non-GAAP a and share to operating $X.XX share. the loss $X.XX per $XX million, of expect We per million
growth XX% we range to million revenue $XXX expect The $XXX representing of the midpoint. annual in million, calendar XXXX, at the year
non-GAAP million, $XX in margin of operating expect to XX% of negative loss margin XX% an operating an to million operating We the the reflecting compared XXXX. $XX at midpoint negative of
a in our earn is our We income meaningful currently cash share to expect resulting interest And and to like per the to in rates approximately out expect in XXXX. interest $XX in recent of investments. And in income call on the million interest loss increase we I'd that increase non-GAAP $X.XX. $X.XX
like line Operator. the open support for questions, your Fastly. your we thank you in interest and for Before we'd to
