Streaming the Olympics for NBC was a great catch for Limelight Networks: The content delivery network’s Q3 sales beat consensus and Q4 guidance is ahead of estimates, too. Limelight says it’s delivered more than 70 million video streams for NBCOlympics.com. Shares are up 5% after hours.
Also good news: CEO Jeff Lunsford says the company has set up technology workarounds that mean Limelight’s business is no longer infringing patents controlled by larger rival Akamai (AKAM), which is (so far) winning their patent war.
Lunsford says Limelight hasn’t been whacked by the economic slowdown yet — and that people might actually seek more online entertainment during the downturn, much of which is free — much of which is delivered by Limelight.