Peter has done a wonderful job in digging into $FSLY Q3 ER.

I've got a few more slides to add to his excellent article, all from one session I attended during Altitude 2020 - "Planning for the unpredictable: growing Fastly’s network in 2020 & beyond" w/ Artur Bergman

Thread https://twitter.com/StackInvesting/status/1330607986910392321

Acceleration in 2020 was due to:

+ Change in their approach from building more locations to concentrating presence in currently heavily used sites (12 -> 6)

+ Upgrading the hardware in those locations (14 -> 27)

which...

Created 48 Tbps add'l capacity

More capacity doesn't mean more locations. It's all about efficiency and $FSLY is really good at it.

This is one part Peter briefly talks about in his article, I just want to give more details on how it looked before.

"2 physical sites working as 1 Metro POP"

And this is how it looks in the racks...

Focus on - how they increased the networking capacity from 1.6 Tbps to 16.3 Tbps "which is ludicrous" ~ as Artur puts it word by word

This is how we plan to meet the demand in high-density metro regions around the world in next 2 yrs

It doesn't mean $FSLY is slowing down, they're just getting more efficient.

Future Roadmap for new POP's (in the image)

Planned Upgrades (existing POP's):

12 - N America
5 - Europe
4 - Australia
2 - Japan

(end)

cc'ing fellow $FSLY bulls: @SeifelCapital @hhhypergrowth @SamSharplesMT @KermitCapital