On May 7, 2024, Twilio Inc. reported its financial results for the first quarter ended March 31, 2024. The company announced a total revenue of $1.05 billion, a 4% increase year-over-year, with organic revenue growth of 7%. Twilio's GAAP loss from operations showed significant improvement, with an 84% year-over-year reduction to $44 million. Non-GAAP income from operations was reported at $160 million, with the company raising its full-year guidance to between $585 and $635 million. The first quarter also saw a GAAP net loss per share of $0.31, while non-GAAP net income per share was $0.80. Twilio generated $190.1 million in net cash from operating activities and achieved a free cash flow of $177.3 million. The company's active customer accounts increased to over 313,000 as of March 31, 2024, from...Show More

On May 7, 2024, Twilio Inc. reported its financial results for the first quarter ended March 31, 2024. The company announced a total revenue of $1.05 billion, a 4% increase year-over-year, with organic revenue growth of 7%. Twilio's GAAP loss from operations showed significant improvement, with an 84% year-over-year reduction to $44 million. Non-GAAP income from operations was reported at $160 million, with the company raising its full-year guidance to between $585 and $635 million. The first quarter also saw a GAAP net loss per share of $0.31, while non-GAAP net income per share was $0.80. Twilio generated $190.1 million in net cash from operating activities and achieved a free cash flow of $177.3 million. The company's active customer accounts increased to over 313,000 as of March 31, 2024, from over 300,000 the previous year. Twilio's Board of Directors authorized a share repurchase program, with $1.5 billion of aggregate repurchases completed to date and an additional $1.5 billion targeted for completion by the end of 2024. Looking ahead, Twilio provided guidance for the second quarter of 2024 and reaffirmed its full-year organic revenue growth guidance of 5% - 10%. The company also expects its full-year 2024 free cash flow to align with its non-GAAP income from operations.