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Limelight Networks Reports Strong GrowthQ3 05 marks eighth profitable quarter in a row, with monthly revenues exceeding $2 million (October 18, 2005)
Limelight Networks, a leading Internet content delivery network, today announced that the third quarter of 2005 marked its eighth consecutive quarter of net income profitability and that revenue has now grown to over $2 million a month.
?Our rapid growth and solid financial performance reflect the quality of our services and the expanding market for content delivery of video, music, games and downloads over the Internet, said Bill Rinehart, Founder and CEO, Limelight Networks. ?As the market opportunity has escalated, we have expanded our capabilities, continuously improved our unparalleled CDN infrastructure, and invested heavily in massively scalable delivery services. The result: we are increasingly the first choice of the world's leading media companies for Internet content delivery.
Rinehart added, ?We are committed to providing the highest performance possible in the delivery of rich media, and we have listened closely to our customers to understand exactly what they need. The exponential growth of content available via broadband -- more content, larger files, larger libraries, higher bit-rate and quality -- validates our approach and ongoing aggressive investment in our massively scalable technology and capacity.
?Media and entertainment driven by an explosion of broadband consumer content is the leading area of growth in the CDN industry," said Andrew Schroepfer, president of Tier1 Research (www.T1R.com). ?As the fastest growing provider in this segment, Limelight is clearly becoming the CDN of choice for leading media and entertainment companies. Limelight has doubled monthly revenues in just over two quarters. It is a tremendous compliment to the entire team at Limelight to have achieved such significant growth and scale so quickly.
In recent months, Limelight has significantly extended its technology and market leadership as a provider of high-performance delivery of video, music, games and download content over the Internet:
* Video: Built from day one as a video delivery platform, the Limelight CDN has proven ideal as the delivery mechanism for video over the Internet, including web video delivered to PCs and Internet video delivered to emerging ?digital lifestyle devices such as IPTV set-top boxes. During the last quarter, Limelight delivered the most-watched live event ever in the history of the Internet for MSNBC via Windows Media streaming; introduced highly scalable Macromedia Flash video streaming; and continues to deliver via HTTP increasingly massive amounts of video spanning all formats. Limelights roster of video-oriented customers includes IFILM, a leading video-entertainment destination on the Web; MSNBC.com, which hosts some of the largest audiences in broadband video; and Akimbo, a leader in IPTV video-on-demand service.
* Music: Limelights network has become the preferred platform for delivery of Internet radio; live webcasts, concerts and events; podcasts; and other music and audio content. Limelight customers in this market segment include BuyMusic @ Buy.com, a provider of music downloads for purchase; Radio Free Virgin, which offers over 40 channels of free CD quality streaming music; and New Yorks WNYC Radio which uses Limelight for podcast programs featured in the iTunes Podcast Directory.
* Games: Architected to be fully compatible with delivery to IP-enabled game consoles and devices as well as PCs, the Limelight platform is unmatched in the delivery of complete games, demos, program updates, new content, and other game-related content. Limelight was selected by Microsoft as the Content Delivery Network for Microsofts Xbox Live, the online gaming service for the Xbox video game system from Microsoft. Limelight also delivers games and game content updates for Valve Software, including its Half-Life 2 game as well as its online game delivery service Steam. In addition, Limelight delivers a full range of game-related content for FileShack, a premier destination connecting gamers with publishers and developers.
* Downloads: Limelights high-bandwidth media content delivery network is the ideal distribution platform for rich media objects or web site assets to massive audiences. By ensuring a consistently high-quality experience for users regardless of location or platform, Limelight has become the preferred provider to a growing number of software developers, software distributors, advertisers, and some of the highest trafficked web sites in the world. Those using Limelight's CDN include MySpace.com, one of the most popular on-line social networking services, and EyeWonder, a leading provider of rich media advertising campaigns.
About Limelight Networks
Privately held Limelight Networks is the leading content delivery network for Internet distribution of video, music, games, and downloads. Limelights advanced content delivery network provides the worlds top media companies high-performance, cost-effective delivery of media and software via the Internet, making Limelight Networks the content delivery network of choice for more than 400 world-class customers including Akimbo, ABC Radio Networks, Belo Interactive, ?BuyMusic @ Buy.com, DreamWorks, LLC, IFILM, Live365, Marimba, MSNBC.com, NC Interactive, NPR, Real Networks Rhapsody, Radio Free Virgin, radioio, Valve Software, and Xbox Live.
For more information, visit: http://www.limelightnetworks.com
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