Edgio, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 15, 2023 at 06:40 am EST
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Edgio, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 97.04 million compared to USD 110.83 million a year ago. Net loss was USD 24.49 million compared to USD 49.12 million a year ago. Basic loss per share from continuing operations was USD 4.4 compared to USD 8.8 a year ago. Diluted loss per share from continuing operations was USD 4.4 compared to USD 8.8 a year ago.
For the nine months, sales was USD 294.75 million compared to USD 229.76 million a year ago. Net loss was USD 95.13 million compared to USD 89.99 million a year ago. Basic loss per share from continuing operations was USD 17.2 compared to USD 21.2 a year ago. Diluted loss per share from continuing operations was USD 17.2 compared to USD 21.2 a year ago.
Edgio, Inc. helps companies deliver online experiences. The Companyâs network, combined with its fully integrated application and media solutions, provide a single platform for the delivery of Web properties and streaming content. It operates through the content delivery and related services segment. Through this fully integrated platform and end-to-end edge services, companies can deliver content. Its solutions include two platforms, Media, and Applications. The media platform enables companies to stream large files (video, software downloads, live events) across the globe. The Edgio apps platform enables its clients to build, secure, and accelerate their Websites and APIs. Its e-commerce customers include brands in retail, transportation, automotive, and hospitality. It also has clients from the banking, insurance, and online payment industries whose customers rely on their Web and mobile apps and partner application programming interfaces (APIs) to transact business.
EDGIO, INC. 
