Lower Internet Traffic Spurs 11% Drop in Akamai’s Delivery Revenue

Despite ongoing global economic challenges and slower internet traffic growth, Akamai finished Q2 with revenue of $903 million, up 6% year over year and 9% higher in “constant currency,” said CEO Tom Leighton on a Tuesday earnings call. Q2 revenue in Akamai’s content delivery business declined 11% year over year to $417 million in results that were “clearly impacted by a continued deceleration in traffic growth among our largest media customers,” he said. “Like many companies, we're managing through a time of substantial economic headwinds and uncertainty with escalating inflation, the strengthening U.S. dollar, growing concerns about a global recession, escalating geopolitical tensions and conflicts and a slowing of internet traffic growth as the world tries to return to normal in the midst of a pandemic,” said Leighton.