Web Traffic to Grow ‘More in Line’ With Pre-Virus Trends, Says Akamai CFO

Akamai experienced “continued high levels” of internet traffic in Q4 for over-the-top video services and downloads of e-gaming software, CEO Tom Leighton told a quarterly call Tuesday. The platform's traffic reached a record of 181 Tbps Nov. 10, 50% higher than any 2019 peak, he said. “As life returns to a more normalized pre-pandemic state, we do not expect to see our traffic on our platform decrease,” said Chief Financial Officer Ed McGowan. “The pandemic has accelerated consumer usage of the internet in areas like OTT video, gaming and e-commerce, and we believe this usage pattern will likely persist.” Akamai expects traffic to continue to grow in 2021 “at a rate more in line with pre-2020 historical levels,” he said. The stock closed 10.9% lower Wednesday at $105.10.