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Edgio (NASDAQ: EGIO) announced a record-setting week for its streaming services, supporting over 2 billion minutes of content and managing 740 live events. The company reported a 160% traffic increase during a significant sporting event, while third-party firm Perfops ranked it as the top CDN globally. Edgio's recent acquisition of Uplynk enhances its capabilities in delivering premium content seamlessly. This success aligns with the growing trend of streaming overtaking cable viewership, highlighting Edgio's strategic positioning in the evolving television landscape.
Edgio, Inc. (NASDAQ: EGIO) announces new board member appointments: Dianne Ledingham, Reed Rayman, and E-Fei Wang. This strategic move aims to enhance the company's governance and support its growth objectives. Ledingham, with over 30 years in technology, is expected to bring valuable expertise in client-centric strategies and growth transformations. Rayman expresses confidence in Edgio's progress and future growth potential, reaffirming Apollo Global Management's commitment to the company.
Edgio, Inc. (NASDAQ: EGIO) has announced its participation in the Lake Street BIG6 Investor Conference on September 14, 2022, in location value="LU/us.ny.nyc"New York City. The company will engage in one-on-one and small group meetings, showcasing its platform that offers unmatched speed, security, and simplicity at the edge.
Edgio powers over 20% of global internet traffic, serving top brands in education, entertainment, and more. For more information, visit edg.io.
Edgio, Inc. (NASDAQ: EGIO) announced the appointments of Stephen Cumming as Chief Financial Officer and Rich Diegnan as Chief Legal Officer. Cumming brings nearly 30 years of experience, previously serving as CFO at Cambium Networks and other prominent firms, while Diegnan has a strong background in corporate law and mergers. CEO Bob Lyons expressed optimism about their expertise contributing to the company's growth and profitability. The leadership transition aims to strengthen Edgio's market position as a leading edge-enabled solutions provider.
Edgio, Inc. (NASDAQ: EGIO) announced its participation in two investor conferences in August 2022. The first is the Cowen 8th Annual Communications Infrastructure Summit on August 11, where management will engage in one-on-one/small group meetings and a fireside chat at 3:20 p.m. ET. The second event is DA Davidson’s Big Sky Summit on August 22 in Big Sky, MT, also featuring one-on-one/small group meetings. Edgio specializes in edge-enabled software solutions and powers significant global internet traffic for various industries.
Edgio, Inc. (Nasdaq: EGIO) reported record revenue of $74.3 million for Q2 2022, a 54% year-over-year increase. The company raised its synergy target from the Edgecast acquisition to $60 million and updated its 2022 revenue guidance to $380 to $390 million, up from $240 to $250 million. Edgio's gross margin improved to 30%, reflecting ongoing profitability and market share expansion. CEO Bob Lyons emphasized the company's ongoing transformation and innovation in edge-enabled solutions, with a significant contribution from acquisitions.
Edgio, a leading provider of edge-enabled software solutions, has appointed Darrin Reynolds as its new Chief Information Security Officer (CISO). With over 20 years in information security across various sectors, Reynolds will spearhead Edgio's security initiatives, focusing on protecting sensitive client and partner data. The announcement comes as Edgio aims to enhance its security organization and further innovate its product offerings, following its recent acquisition of Yahoo’s Edgecast. Reynolds' leadership is expected to strengthen Edgio's market differentiator in security.
Edgio, Inc. (Nasdaq: EGIO) will announce its financial results for Q2 2022 on August 8, 2022, at 4:00 p.m. EST. Management will host an earnings call at 4:30 p.m. EST to discuss the results. Interested participants can join by calling (844) 200 6205 in the U.S. or (929) 526 1599 internationally, using access code 974364. A recording will be available until August 22, 2022. Edgio specializes in edge-enabled software solutions, supporting significant internet traffic for various digital experiences.
Edgio (NASDAQ: EGIO) has announced the successful completion of Limelight's acquisition of Edgecast, enhancing its market position in a $40 billion industry. The merger is expected to yield over $50 million in annual cost synergies and diversify revenue streams. With a strong balance sheet supported by a $30 million investment from Apollo Funds, Edgio aims to improve profitability and growth.
The combined company operates at a scale of over 200 Tbps and serves major clients, delivering around 20% of the world's internet traffic.