For Q4 2024, Akamai Expects This Transaction To Add ~$9M-$11M In Revenue; Expects Those Transition Services Costs To Be ~$15M-$17M; Anticipates The Transaction To Be Dilutive To Non-GAAP Net Income Per Diluted Share By ~$0.03-$0.05, Inclusive Of The Transition Service Costs.
For the fourth quarter of 2024, Akamai expects this transaction to add approximately $9-$11 million in revenue. As part of its bid, Akamai agreed to pay certain costs for Edgio to operate its network during the transition and wind-down period until such time as Edgio ceases operation of its content delivery network in mid-January 2025. Akamai expects those transition services costs to be approximately $15-$17 million in the fourth quarter. Akamai anticipates the transaction to be dilutive to non-GAAP net income per diluted share by approximately $0.03-$0.05 in the fourth quarter, inclusive of the transition service costs.
