Limelight Networks reports record Q3 financial results

Limelight Networks, Inc. (Nasdaq:LLNW), a global provider of digital content delivery, has reported revenue of USD 46.1 million for the third quarter of 2017, up 17% compared to USD 39.5 million in the third quarter of 2016, and up two percent compared to USD 45.4 million in the second quarter of 2017, the company said.

Currency exchange negatively impacted year-over-year comparison by USD 0.2 million, or less than one percent.

Gross margin was 48.4% in the third quarter of 2017, an increase of 730 basis points from 41.1% in the third quarter of 2016.

On a GAAP basis, Limelight reported a net loss of USD 1.8 million, or USD 0.02 per basic share, for the third quarter of 2017, compared to a net loss of USD 6.1 million, or USD 0.06 per basic share, in the third quarter of 2016.

Non-GAAP net income was USD 2.2 million, or USD 0.02 per basic share, for the third quarter of 2017, compared to non-GAAP net loss of USD 0.3 million, or break-even per basic share, in the third quarter of 2016.

EBITDA was USD 3.4 million for the third quarter of 2017, compared to negative USD 0.7 million for the third quarter of 2016. Adjusted EBITDA was USD 7.4 million for the third quarter of 2017, compared to USD 5.1 million for the third quarter of 2016.

Limelight ended the third quarter with 535 employees and employee equivalents, up from 533 employees at the end of the second quarter of 2017, and up from 502 employees in the year ago period.

Limelight Networks, a global provider of digital content delivery, empowers customers to better engage online audiences by enabling them to securely manage and globally deliver digital content, on any device. The company´s Limelight Orchestrate Platform includes a global infrastructure with a fully-integrated suite of capabilities and services to help you address all your content delivery needs. The Orchestrate Platform solves your most important content delivery challenges so you can deliver the next great digital experience anywhere. For more information, visit www.limelight.com.