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Press Release

Limelight Networks Reports Second-Quarter 2007 Results

Bookings Performance and Customer Additions Position Company for Continued Growth

Company Release - 8/9/2007 9:01 AM ET

TEMPE, Ariz.--(BUSINESS WIRE)--

Limelight Networks (Nasdaq:LLNW), a leading content delivery network (CDN) for digital media, today reported financial results for the second quarter ended June 30, 2007.

For the second quarter of 2007, Limelight Networks reported GAAP revenue of $21.2 million and non-GAAP revenue of $24.7 million, representing growth of 43% and 67%, respectively, over the $14.8 million of revenue the company reported in second quarter of 2006. The company reported a second quarter GAAP loss per diluted share of $(0.23) and non-GAAP earnings per diluted share of $0.00. Non-GAAP Adjusted EBITDA for the quarter was $4.4 million compared to $5.7 million for the second quarter of 2006. A reconciliation of GAAP to non-GAAP financials is provided in the table below.

"We achieved numerous milestones and executed well on our plan to establish Limelight Networks as the premier content delivery and enablement partner for businesses desiring to deliver rich media assets such as video, music, games, software and social media over the Internet," commented Jeff Lunsford, chairman and chief executive officer. Operating highlights in the quarter include:

    --  capitalizing the business with over $200 million in growth
        capital raised in an IPO, provisioning us with over
        $187 million in cash and marketable securities on June 30,
        2007 after paying down debt;

    --  achieving new business bookings more than double those
        achieved in the second quarter of 2006;

    --  the addition of 149 net new customers in the quarter, bringing
        total customers up to 876 on June 30, 2007;

    --  the hiring of 14 enterprise sales reps into a growing
        worldwide sales force, bringing total quota-carry
        representatives up to 58 at the end of June; and

    --  an increase of total network egress to a capacity of
        approximately 1.4 terabits per second, positioning the company
        as a scale leader in servicing the high-growth and
        high-traffic publishers' Internet content.

Limelight Networks also disclosed an expanded 5-year individual customer arrangement pursuant to which Limelight Networks will provide custom CDN consulting services and will continue its content delivery services. Additionally, Limelight and the customer agreed to cross-license certain technologies, including certain components of Limelight's CDN software. This contract is a multi-element arrangement, which required a change, beginning in the second quarter, in how Limelight accounts for revenue from consulting, as well as the company's standard content delivery services delivered to this customer. Because of the nature of the contract with this customer and the company's consequent revenue recognition, the company has determined that it will present both GAAP and non-GAAP revenue and earnings amounts to help illustrate the impact of this contract.

"We believe Limelight Networks is well positioned," commented Lunsford, "to grow our business as broadband Internet access continues to propagate around the world, as content delivery shifts from analog to digital networks and as consumers' content consumption preferences shift to the online channel."

    Guidance

    For the third quarter of 2007, the company anticipates:

    --  GAAP revenue to be in the range of $27 to $28 million

    --  Non-GAAP revenue to be in the range of $25.5 to $26.5 million

    --  GAAP loss per diluted share to be in a range of ($0.10) to
        ($0.08)

    --  Non-GAAP loss per diluted share to be in a range of ($0.06).to
        ($0.04)

    --  Non-GAAP Adjusted EBITDA in the range $1 to $2 million

    For the full year of 2007, the company anticipates:

    --  GAAP revenue to be in the range of $101 to $103 million

    --  Non-GAAP revenue to be in the range of $103 to $105 million

    --  GAAP (loss) per diluted share to be in a range of ($0.54) to
        ($0.51)

    --  Non-GAAP earnings per diluted share to be in a range of $0.00
        to $0.02

    --  Non-GAAP Adjusted EBITDA in the range of $16 to $19 million

    Conference Call

Management will conduct a conference call scheduled to begin at 6 a.m. PDT (9 a.m. EDT) on Thursday, August 9, 2007 to review the company's financial results and its outlook for the remainder of 2007. To participate in the conference call, please call toll-free 877-574-8878 (or 706-634-6364 for international callers) approximately 10 minutes prior to the start time. You may also listen to the conference call live via the Internet at www.llnw.com or www.earnings.com. These websites will also host an archive of the call.

About Limelight Networks

Limelight Networks is a high performance content delivery network for digital media, providing massively scalable, global delivery solutions for on-demand and live Internet distribution of video, music, games and social media. Limelight Networks' infrastructure is optimized for the large object sizes, large content libraries, and large audiences associated with compelling rich media content. Limelight is the content delivery network of choice for more than 700 of the world's top media companies, including Akimbo, Amazon Unbox(TM), Belo Interactive, Brightcove, "BuyMusic" @ Buy.com, DreamWorks, LLC, Facebook, FOXNews.com, IFILM, ITV Play, Metacafe, MSNBC.com, MySpace, NC Interactive, Valve Software, Radio Free Virgin and Xbox Live. For more information, visit www.llnw.com.

Safe-Harbor Statement

All forward-looking statements contained in this release are made within the meaning of and pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are all statements other than statements of historical facts, including but not limited to statements concerning the outlook for the company's revenues, Adjusted EBITDA and stock based compensation expense for the third-quarter and full-year fiscal 2007; and all other statements concerning the plans, intentions, expectations, projections, hopes, beliefs, objectives, goals and strategies of management. Forward-looking statements are not guarantees of future performance or events and are subject to a number of known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed, projected or implied by such forward-looking statements. Important risks, uncertainties and other factors include, but are not limited to, demand for the company's products and services; the ability of the company to successfully develop and expand its products, services, technologies and markets; the effects of competition; changes in customer and industry demand and preferences; seasonality; the ability of the company to attract, retain and motivate key personnel; the ability of the company to secure and maintain key contracts and relationships; general economic, market and business conditions; the effects of pending and future litigation, claims and disputes; and other risks, uncertainties and other factors identified from time to time in the company's filings with the Securities and Exchange Commission. Accordingly, there can be no assurance that the results expressed, projected or implied by any forward-looking statements will be achieved, and readers are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements in this press release speak only as of the date hereof and are based on the current plans, goals, objectives, strategies, intentions, expectations and assumptions of, and the information currently available to, management. The Company assumes no duty or obligation to update or revise any forward-looking statements for any reason, whether as the result of changes in expectations, new information, future events, conditions or circumstances or otherwise.

                       LIMELIGHT NETWORKS, INC.
                Condensed Consolidated Balance Sheets
                            (In thousands)
                             (Unaudited)

                                               June 30,   December 31,
                                                 2007         2006
                                             ------------ ------------
                   Assets
Cash and cash equivalents                    $    159,069 $      7,611
Marketable securities, short term                  28,875            -
Accounts receivable, net                           19,722       16,626
Income tax receivable                               3,833        3,317
Deferred income taxes                               1,273          362
Prepaid expenses and other current assets           5,077        3,011
                                             ------------ ------------

    Current assets                                217,849       30,927
Property and equipment, net                        46,124       41,784
Marketable securities, long term                      185          285
Deferred income taxes                                  50          173
Other assets                                        1,304          759
                                             ------------ ------------

    Total assets                             $    265,512 $     73,928
                                             ============ ============


    Liabilities and stockholders' equity
Accounts payable                             $      8,510 $      6,419
Accounts payable, related parties                      19          781


Deferred revenue, current portion                   3,232          197
Credit facilities, current portion                      -        2,938
Capital lease obligations, current portion              -          245
Other current liabilities                          12,063        6,314
                                             ------------ ------------

    Current liabilities                          23,82401       16,894
Deferred revenue, less current portion                598            -
Credit facilities, less current portion                 -       20,410
Capital lease obligations, less current
 portion                                                -            5
Other liabilities                                      30           30
                                            ------------- ------------
    Total liabilities                              24,452       37,339
Stockholders' equity                              241,060       36,589
                                            ------------- ------------
    Total liabilities and stockholders'
     equity                                 $     265,512 $     73,928
                                            ============= ============
                       LIMELIGHT NETWORKS, INC.
           Condensed Consolidated Statements of Operations
                (In thousands, except per share data)
                             (Unaudited)


                                         Three Months Ended
                              ----------------------------------------
                              June 30,  March 31,  June 30,  March 31,
                                2007      2007       2006      2006
                              --------- ---------  --------- ---------
Revenues                      $ 21,213  $  22,876  $ 14,841  $ 10,838
Costs and operating expenses:
   Cost of revenues(1) (3)      14,835     14,497     7,266     5,280
   General and
    administrative(1) (3)        9,220      8,273     2,275     1,599
   Sales and marketing (1)       6,404      3,018     1,497     1,034
   Research and
    development(1)               1,541      1,285       437       321
                              --------  ---------  --------  --------
       Total costs and
        operating expenses      32,000     27,073    11,475     8,234
                              --------  ---------  --------  --------
Operating income (loss)        (10,787)    (4,197)    3,366     2,604
Interest expense(2)               (855)      (585)     (519)     (505)
Interest income                    573         89         -         -
Other income (expense)               -          -         -         -
                              --------  ---------  --------  --------

Income (loss) before income
 taxes                         (11,069)    (4,693)    2,847     2,099
Income tax expense (benefit)      (606)      (258)    1,125       829
                              --------  ---------  --------  --------
Net income (loss)             $(10,463) $  (4,435) $  1,722  $  1,270
                              ========  =========  ========  ========
Net income (loss) allocable
 to common stockholders       $(10,463) $  (4,435) $  1,722  $  1,245
                              ========  =========  ========  ========
Net income (loss) per share:
   Basic                      $  (0.23) $   (0.20) $   0.05  $   0.04
   Diluted                    $  (0.23) $   (0.20) $   0.04  $   0.03
Shares used in per share
 calculations:
   Basic                        45,702     21,886    31,848    35,188
   Diluted                      45,702     21,886    41,505    42,951

                                          Six Months Ended
                              ----------------------------------------
                                    June 30,            June 30,
                                      2007                2006
                              -------------------- -------------------
Revenues                      $            44,089  $           25,679
Costs and operating expenses:
   Cost of revenues(1) (3)                 29,332              12,546
   General and
    administrative(1) (3)                  17,493               3,874
   Sales and marketing (1)                  9,422               2,531
   Research and
    development(1)                          2,826                 758
                              -------------------  ------------------
       Total costs and
        operating expenses                 59,073              19,709
                              -------------------  ------------------
Operating income (loss)                   (14,984)              5,970
Interest expense(2)                        (1,440)             (1,024)
Interest income                               662                   -
Other income (expense)                          -                   -
                              -------------------  ------------------

Income (loss) before income
 taxes                                    (15,762)              4,946
Income tax expense (benefit)                 (864)              1,954
                              -------------------  ------------------
Net income (loss)             $           (14,898) $            2,992
                              ===================  ==================
Net income (loss) allocable
 to common stockholders       $           (14,898) $            2,967
                              ===================  ==================
Net income (loss) per share:
   Basic                      $             (0.44) $             0.09
   Diluted                    $             (0.44) $             0.07
Shares used in per share
 calculations:
   Basic                                   33,794              33,518
   Diluted                                 33,794              42,228
(1) Includes stock-related compensation (see supplemental table for
     figures)

(2) Includes approximately $417K and $469K of deferred financing fees
     for the three and six month periods ended June 30, 2007

(3) Includes depreciation (see supplemental table for figures)
                       LIMELIGHT NETWORKS, INC.
                     Supplemental Financial Data
                            (In thousands)
                             (Unaudited)

                             Three Months Ended       Six Months Ended
                       ------------------------------ ----------------
                         June    March   June  March    June    June
                         30,      31,    30,    31,     30,      30,
                         2007    2007    2006   2006    2007    2006
                       -------- ------- ------ ------ -------- -------
Supplemental financial
 data (in thousands):
Stock-related
 compensation:
Cost of revenues       $    346 $   242 $   93 $   29 $    588 $   122
General and
 administrative           4,143   4,242     21     21    8,385      42
Sales and marketing       1,152     235     69     38    1,387     107
Research and
 development              1,007     851     46     24    1,858      70
                       -------- ------- ------ ------ -------- -------
   Total stock-related
    compensation       $  6,648 $ 5,570 $  229 $  112 $ 12,218 $   341
Depreciation and
 amortization:
Network-related
 depreciation          $  5,020 $ 4,688 $2,035 $1,473 $  9,708 $ 3,508
Other depreciation          174     137     44     28      311      72
                       -------- ------- ------ ------ -------- -------
   Total depreciation
    and amortization   $  5,194 $ 4,825 $2,079 $1,501 $ 10,019 $ 3,580
Capital expenditures:
Purchases of property
 and equipment         $  5,641 $ 3,095 $6,962 $3,470 $  8,556 $10,432

Net increase
 (decrease) in cash,
 cash equivalents and
 marketable securities $175,195 $ 5,138 $ (506)$  541 $180,333 $    35

End of period
 statistics:
   Number of customers
    under recurring
    contract                876     726    523    456      876     523
   Number of employees      215     167     91     77      215      91
                       LIMELIGHT NETWORKS, INC.
           Condensed Consolidated Statements of Cash Flows
                            (In thousands)
                             (Unaudited)



                                         Three Months Ended
                               ---------------------------------------
                               June 30,  March 31, June 30,  March 31,
                                 2007      2007      2006      2006
                               --------- --------- --------- ---------
Cash flows from operating
 activities:
  Net income                   $(10,463)  $(4,435) $  1,722  $  1,270
  Adjustments to reconcile net
   income to net cash provided
   by (used in) operating
   activities:
   Depreciation and
    amortization                  5,194     4,824     2,079     1,502
   Stock-based compensation       6,648     5,570       229       112
   Deferred income tax expense
    (benefit)                       (83)     (731)       80       (80)
   Accounts receivable charges    1,170       677       177         -
   Accretion of debt discount       417        53         -        36
   Changes in operating assets
    and liabilities:
     Accounts receivable         (7,418)    2,475    (2,542)   (2,582)
     Prepaid expenses and
      other current assets       (3,661)   (1,809)     (301)     (363)
     Income taxes receivable       (631)      116       (80)       80
     Other assets                  (426)     (119)     (127)     (109)
     Accounts payable            (2,978)     (732)    1,431      (417)
     Accounts payable, related
      parties                      (763)        1       958      (362)
     Deferred revenue and
      other current
      liabilities                 9,065       650       720     1,225
                               --------  --------  --------  --------
  Net cash provided (used in)
   by operating activities:      (3,929)    6,540     4,346       312
                               --------  --------  --------  --------
Cash flows from investing
 activities:
   Purchase of marketable
    securities                  (28,875)        -         -         -
   Purchases of property and
    equipment                    (5,461)   (3,095)   (6,962)   (3,470)
                               --------  --------  --------  --------
   Net cash used in investing
    activities                  (34,336)   (3,095)   (6,962)   (3,470)
                               --------  --------  --------  --------
Cash flows from financing
 activities:
   Borrowings on credit
    facilities                        -         -     2,515     4,040
   Payments on credit
    facilities                  (23,818)        -      (327)     (171)
   Borrowings on line of
    credit                            -     1,500         -         -
   Payments on line of credit    (1,500)        -         -         -
   Payments on capital lease
    obligations                     (91)     (159)      (79)      (20)
   Payments on notes payable -
    related parties                   -         -         -      (195)
   Escrow funds returned from
    share repurchase              2,091       298         -         -
   Tax benefit from share-
    based compensation                -        23         -         -
   Proceeds from exercise of
    stock options                     -        31         1        45
   Proceeds from initial
    public offering, net of
    issuance costs              207,904         -         -         -
                               --------  --------  --------  --------
  Net cash provided by
   financing activities         184,586     1,693     2,110     3,699
                               --------  --------  --------  --------
  Net increase (decrease) in
   cash and cash equivalents    146,320     5,138      (506)      541
  Cash and cash equivalents,
   beginning of period           12,749     7,611     2,077     1,536
                               --------  --------  --------  --------
  Cash and cash equivalents,
   end of period               $159,069   $12,749  $  1,571  $  2,077
                               ========  ========  ========  ========

                                          Six Months Ended
                               ---------------------------------------
                                    June 30,            June 30,
                                      2007                2006
                               ------------------ --------------------
Cash flows from operating
 activities:
  Net income                   $         (14,898) $             2,992
  Adjustments to reconcile net
   income to net cash provided
   by (used in) operating
   activities:
   Depreciation and
    amortization                          10,018                3,580
   Stock-based compensation               12,218                  341
   Deferred income tax expense
    (benefit)                               (814)                   -
   Accounts receivable charges             1,847                  177
   Accretion of debt discount                470                   36
   Changes in operating assets
    and liabilities:
     Accounts receivable                  (4,943)              (5,124)
     Prepaid expenses and
      other current assets                (5,470)                (664)
     Income taxes receivable                (516)                   -
     Other assets                           (545)                (236)
     Accounts payable                     (3,709)               1,014
     Accounts payable, related
      parties                               (762)                 596
     Deferred revenue and
      other current
      liabilities                          9,715                1,945
                               -----------------  -------------------
  Net cash provided (used in)
   by operating activities:                2,611                4,657
                               -----------------  -------------------
Cash flows from investing
 activities:
   Purchase of marketable
    securities                           (28,875)
   Purchases of property and
    equipment                             (8,556)             (10,432)
                               -----------------  -------------------
   Net cash used in investing
    activities                           (37,431)             (10,432)
                               -----------------  -------------------
Cash flows from financing
 activities:
   Borrowings on credit
    facilities                                 -                6,555
   Payments on credit
    facilities                           (23,818)                (498)
   Borrowings on line of
    credit                                 1,500                    -
   Payments on line of credit             (1,500)                   -
   Payments on capital lease
    obligations                             (250)                 (99)
   Payments on notes payable -
    related parties                            -                 (195)
   Escrow funds returned from
    share repurchase                       2,389                    -
   Tax benefit from share-
    based compensation                        23                    -
   Proceeds from exercise of
    stock options                             31                   46
   Proceeds from initial
    public offering, net of
    issuance costs                       207,904                    -
                               -----------------  -------------------
  Net cash provided by
   financing activities                  186,279                5,809
                               -----------------  -------------------
  Net increase (decrease) in
   cash and cash equivalents             151,458                   35
  Cash and cash equivalents,
   beginning of period                     7,611                1,536
                               -----------------  -------------------
  Cash and cash equivalents,
   end of period               $         159,069  $             1,571
                               =================  ===================

Use of Non-GAAP Financial Measures

In evaluating our business, we consider and use Non-GAAP revenue, Non-GAAP net income and Adjusted EBITDA as a supplemental measure of our operating performance. We consider Non-GAAP revenue and net income measurements to be an important indicator of overall performance of the company because it allows us to illustrate the impact of revenue generated from our multi-element contract as well as to eliminate the effects of stock based compensation and litigation expense. We define EBITDA as GAAP net income before net interest expense, provision for income taxes, depreciation and amortization. We define Adjusted EBITDA as EBITDA plus income from our multi-element contract and expenses that we do not consider reflective of our ongoing operations. We use Adjusted EBITDA as a supplemental measure to review and assess our operating performance. We also believe use of Adjusted EBITDA facilitates investors' use of operating performance comparisons from period to period and company to company by backing out potential differences caused by variations in such items as capital structures (affecting relative interest expense and stock-based compensation expense), the book amortization of intangibles (affecting relative amortization expense), the age and book value of facilities and equipment (affecting relative depreciation expense) and other non cash expenses. We also present Adjusted EBITDA because we believe it is frequently used by securities analysts, investors and other interested parties as a measure of financial performance.

The terms Non-GAAP revenue and net income, EBITDA and Adjusted EBITDA are not defined under U.S. generally accepted accounting principles, or U.S. GAAP, and are not measures of operating income, operating performance or liquidity presented in accordance with U.S. GAAP. Our Non-GAAP revenue and net income, EBITDA and Adjusted EBITDA have limitations as analytical tools, and when assessing our operating performance, you should not consider Non-GAAP revenue and net income, EBITDA and Adjusted EBITDA in isolation, or as a substitute for net income (loss) or other consolidated income statement data prepared in accordance with U.S. GAAP. Some of these limitations include, but are not limited to:

    --  EBITDA and Adjusted EBITDA do not reflect our cash
        expenditures or future requirements for capital expenditures
        or contractual commitments;

    --  they do not reflect changes in, or cash requirements for, our
        working capital needs;

    --  they do not reflect the interest expense, or the cash
        requirements necessary to service interest or principal
        payments, on our debt;

    --  they do not reflect income taxes or the cash requirements for
        any tax payments;

    --  although depreciation and amortization are non-cash charges,
        the assets being depreciated and amortized often will have to
        be replaced in the future, and EBITDA and Adjusted EBITDA do
        not reflect any cash requirements for such replacements;

    --  while stock-based compensation is a component of operating
        expense, the impact on our financial statements compared to
        other companies can vary significantly due to such factors as
        assumed life of the options and assumed volatility of our
        common stock; and

    --  other companies may calculate EBITDA and Adjusted EBITDA
        differently than we do, limiting their usefulness as
        comparative measures.

We compensate for these limitations by relying primarily on our GAAP results and using Non-GAAP Net Income and Adjusted EBITDA only supplementally. Non-GAAP Net Income, EBITDA and Adjusted EBITDA are calculated as follows for the periods presented in thousands:

Reconciliation of Non-GAAP Financial Measures

In accordance with the requirements of Regulation G issued by the Securities and Exchange Commission, the company is presenting the most directly comparable GAAP financial measures and reconciling the non-GAAP financial metrics to the comparable GAAP measures.

          Reconciliation of GAAP Revenue to Non-GAAP Revenue
                            (In thousands)
                             (Unaudited)

                          Three Months Ended          Six Months Ended
                  ----------------------------------  ----------------
                   June    March     June    March     June     June
                    30,      31,      30,      31,      30,      30,
                   2007     2007     2006     2006     2007     2006
                  -------  -------  -------  -------  -------  -------
GAAP Revenue      $21,213  $22,876  $14,841  $10,838  $44,089  $25,679

Deferred Traffic
 Revenue            2,645        -        -        -    2,645        -
Deferred Custom
 CDN Services           -        -        -        -        -        -
Earned Custom CDN
 Services             820        -        -        -      820        -
                  -------  -------  -------  -------  -------  -------
Non-GAAP Revenue  $24,678  $22,876  $14,841  $10,838  $47,554  $25,679
                  =======  =======  =======  =======  =======  =======
Reconciliation of GAAP Net Income (Loss) to Non-GAAP Net Income (Loss)
                (In thousands, except per share data)
                             (Unaudited)

                        Three Months Ended           Six Months Ended
                -----------------------------------  -----------------
                  June     March    June     March     June     June
                  30,       31,      30,      31,      30,       30,
                  2007     2007     2006     2006      2007     2006
                --------  -------  -------  -------  --------  -------
GAAP net income
 (loss)         $(10,463) $(4,435) $ 1,722  $ 1,270  $(14,898) $ 2,992

  Stock based
   compensation    6,648    5,570      229      112    12,218      341
  Litigation
   expenses        1,636      885        -        -     2,521        -
  Deferred
   revenue         3,465        -        -        -     3,465        -
  Deferred cost
   of traffic
   and services     (935)       -        -        -      (935)       -
                --------  -------  -------  -------  --------  -------

Non-GAAP net
 income         $    351  $ 2,020  $ 1,951  $ 1,382  $  2,371  $ 3,333
                ========  =======  =======  =======  ========  =======

GAAP net income
 (loss) per
 share
  Basic         $  (0.23) $ (0.20) $  0.05  $  0.04  $  (0.44) $  0.09
  Diluted       $  (0.23) $ (0.20) $  0.04  $  0.03  $  (0.44) $  0.07

Non-GAAP net
 income (loss)
 per share
  Basic         $   0.01  $  0.09  $  0.06  $  0.04  $   0.07  $  0.10
  Diluted       $      -  $  0.03  $  0.05  $  0.03  $   0.03  $  0.08

Shares used in
 per share
 calculations
  Basic           45,702   21,886   31,848   35,188    33,794   33,518
  Diluted         79,240   69,292   41,505   42,951    74,266   42,228
Reconciliation of GAAP Net Income (Loss) to EBITDA to Adjusted EBITDA
                (In thousands, except per share data)
                             (Unaudited)

                          Three Months Ended          Six Months Ended
                   ---------------------------------  ----------------
                     June     March    June   March     June     June
                     30,       31,     30,     31,      30,      30,
                     2007     2007     2006    2006     2007     2006
                   --------  -------  ------  ------  --------  ------
GAAP net income
 (loss)            $(10,463) $(4,435) $1,722  $1,270  $(14,898) $2,992

 Add: depreciation
  and amortization    5,194    4,825   2,078   1,502    10,019   3,580
 Add: interest
  expense               855      585     519     505     1,440   1,024
 Less: interest
  income               (573)     (89)      -       -      (662)      -
 Plus (less)
  income tax
  expense
  (benefit)            (606)    (258)  1,125     829      (864)  1,954
                   --------  -------  ------  ------  --------  ------
EBITDA             $ (5,593) $   628  $5,445  $4,105  $ (4,965) $9,550
 Add: stock based
  compensation        6,648    5,570     229     112    12,218     341
 Add: litigation
  expenses
  recoverable from
  escrow(1)             818      442       -       -     1,260       -
 Add: deferred
  traffic and
  services revenue    3,465        -       -       -     3,465       -
 Less: deferred
  traffic and
  service costs        (935)       -       -       -      (935)      -
                   --------  -------  ------  ------  --------  ------

Adjusted EBITDA    $  4,403  $ 6,640  $5,674  $4,217  $ 11,043  $9,891
                   ========  =======  ======  ======  ========= ======

(1) During 2006, we repurchased stock in a transaction with a total
 value of $102.1 million. Selling stockholders agreed to hold $10.1
 million of the proceeds to offset specific claims for reimbursement
 associated with the Akamai lawsuit and other undisclosed obligations
 that may arise. For the three month periods ended June 30, 2007 and
 2006, we had $0.8 million and $ ------ million, respectively, of
 litigation costs subject to reimbursement from this escrow. For the
 six month periods ended June 30, 2007 and 2006, we had $1.3 million
 and $ ------ million, respectively, of litigation costs subject to
 reimbursement from this escrow.

Source: Limelight Networks

Contact: Limelight Networks Matt Hale, Chief Financial Officer 602-850-5000 or Silverman Heller Associates Phil Bourdillon/Gene Heller, 310-208-2550

Media Contacts

Steve Milmore
smilmore@llnw.com
or
Deborah Hohler
dhohler@llnw.com

Investor Contact

ir@llnw.com

Limelight Networks, Inc.

222 S. Mill Ave.
Tempe AZ 85281
602-850-5000
limelight.com

Transfer Agent

American Stock Transfer and Trust Company
59 Maiden Lane
Plaza Level
New York, NY 10038
Phone: (800) 937-5449
Fax: (718) 236-4588
E-mail: Info@amstock.com
www.amstock.com