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Limelight Networks, Inc. (Nasdaq: LLNW) has been recognized for its innovative edge services, winning two awards that underscore its impact on the industry. The IABM BaM Awards 2020 honored Limelight's serverless computing platform, EdgeFunctions, for its groundbreaking capabilities in video delivery. Additionally, Limelight Realtime Streaming won the 'Best ROI' at the OTT Executive Summit, acknowledging its ability to enhance streaming experiences. These accolades highlight Limelight's commitment to providing exceptional digital experiences through its edge services platform.
Limelight Networks (Nasdaq: LLNW) has launched its next-generation Realtime Streaming solution, offering sub-second latency for live video interactions. This development addresses the demand from 64% of online viewers who prefer non-delayed broadcasts. The platform supports innovative applications in various sectors including live sports betting, auctions, and online gaming. Limelight integrates mobile and HTML SDKs for easy interactive application development, ensuring content security along with global reach, enhancing audience engagement during live events.
Limelight Networks reported a record revenue of $59.2 million for Q3 2020, reflecting a 15% increase year-over-year from $51.3 million in Q3 2019. The company posted a GAAP net loss of $4.0 million or $(0.03) per share, compared to a net loss of $2.8 million in the same period last year. Non-GAAP figures showed a loss of $1.2 million or $(0.01) per share, down from a profit of $0.6 million in Q3 2019. The company's adjusted EBITDA was $5.6 million. Despite the losses, Limelight remains on track to meet its full-year revenue guidance of $230 to $240 million.
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Limelight Networks, Inc. (NASDAQ: LLNW) will release its third-quarter financial results on October 22, 2020, at 4:00 p.m. EDT. A conference call for investors will follow at 4:30 p.m. EDT, accessible via toll-free numbers and through a live audio cast on the company’s investor relations website. Limelight is known for its digital content delivery and cloud security services, using a combination of global infrastructure and intelligent software to enhance customer experiences. Further details about the company can be found on its official website.
Limelight Networks (NASDAQ: LLNW) has partnered with Katapy, an online video platform, to enhance video experiences and reduce costs. This collaboration leverages Limelight's edge computing and CDN services, allowing Katapy to efficiently manage media delivery and scalability for its rapidly growing customer base. As a result, Katapy aims to improve customer experiences while significantly reducing latency and operational overhead. Limelight's edge services enable quick deployment of applications, aiming for optimal performance and customer satisfaction.