Fastly, Inc. (NYSE: FSLY) has announced its decision to transfer its stock exchange listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market. The company will continue to trade under its current ticker symbol "FSLY" and expects to begin trading on or about December 9, 2025.
In its latest financial results, Fastly reported a total revenue of $112.9 million, representing a 16% increase compared to the same period last year. The company also noted a gross margin of 54.8%, up from 53.7% in the previous period. Additionally, Fastly reported a net loss of $29.1 million, which represents an improvement from the net loss of $32.2 million in the previous period.
The company's adjusted EBITDA was reported at a loss of $7.4 million, compared to a loss of $8.7 million in the previous period. Fastly also highlighted its total customer count, which now stands at 2,084, up from 1,951 in the previous period.
Fastly's CEO, Kip Compton, expressed excitement about the company's move to Nasdaq, stating that it is one of several steps in the current transformation as Fastly scales its operations while working to unlock long-term value for customers and shareholders.
Nelson Griggs, President of Nasdaq, welcomed Fastly to the Nasdaq family, highlighting the company's leadership in delivering premium digital experiences at scale and its alignment with a growth-driven market.
This move to Nasdaq is seen as a strategic decision by Fastly to position itself among the most innovative and leading technology companies in the world. As a result of these announcements, the company's shares have moved -3.73% on the market, and are now trading at a price of $11.88. For the full picture, make sure to review Fastly's 8-K report.
