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Limelight revenues climb 7% to USD 49.3 mln in Q3

Friday 19 October 2018 | 19:56 CET | News
Limelight Networks kept its full year outlook, after raising it regularly in the past few quarters. And while revenues for the third quarter lifted 7 percent from the year earlier to USD 49.3 million, the company moved back in the red as compared to the previous quarter, with the loss going to USD 0.3 million and break-even basic share. CEO Bob Lento noted Q3 was a seasonally weaker quarter. Compared to the year before loss of USD 1.8 million, the loss narrowed. Meanwhile, the gross margin went up by 30 basis points to 48.7 percent while the adjusted EBITDA advanced to USD 4.3 million from

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Categories: Fixed
Companies: Limelight Networks
Countries: World
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