Fastly Q2 Earnings Surpass Estimates Amid Content Delivery Surge

Fastly (NASDAQ:FSLY) reported Q2 revenues of $183.3 million, up 23.3% YoY, exceeding analysts' expectations by 5.3%. The company delivered the biggest analyst estimate beat, highest guidance raise, and highest full-year guidance raise of the group. Despite this, the stock is down 10.9% since reporting and trades at $23.21. Cloudflare (NYSE:NET) and peers reported strong Q2 earnings, with revenues beating analysts' consensus estimates by 3.6% and next quarter's revenue guidance 1.8% above.