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Akamai Q3 Revenue Up 3% At $882 Million


Akamai Technologies has reported financial results for the third quarter ended September 30, 2022. Revenue was $882 million, a 3% increase over third quarter 2021 revenue of $860 million.

Here’s the breakdown of Akamai’s revenue figures: Security revenue was $380 million, up 13% year-over-year; delivery revenue was $393 million, down 15% year-over-year; and compute revenue was $109 million, up 72% year-over-year. Akamai’s revenue in the U.S. was up 3% year-over-year to $461 million, while its international revenue inched up 2%, to $421 million.

The company reported net income of $108 million, a 40% decrease from third quarter 2021, while adjusted income fell 16% to $200 million.

Cash from operations for the third quarter of 2022 was $369 million, or 42% of revenue. Cash, cash equivalents and marketable securities was $1.4 billion as of September 30, 2022.

Akamai spent $163 million in the third quarter of 2022 to repurchase 1.8 million shares of its common stock at an average price of $90.93 per share. The company had 158 million shares of common stock outstanding as of September 30, 2022.

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