On October 30, 2024, Twilio Inc., a Delaware-incorporated company listed on the New York Stock Exchange under the symbol TWLO, reported its financial results for the third quarter ending September 30, 2024. The company announced a revenue increase of 10% year-over-year to $1.134 billion. Twilio's GAAP Loss from Operations showed significant improvement, with a reduction to $5 million compared to the previous year's $108.9 million. Non-GAAP Income from Operations was reported at $182 million, with the company raising its full-year guidance to between $700 and $710 million. The company also reported a Non-GAAP net income per share of $1.02, up from $0.58 in the third quarter of 2023. Active Customer Accounts increased to more than 320,000 from the previous year's 306,000, and the Dollar-Based Net Expansion...Show More

On October 30, 2024, Twilio Inc., a Delaware-incorporated company listed on the New York Stock Exchange under the symbol TWLO, reported its financial results for the third quarter ending September 30, 2024. The company announced a revenue increase of 10% year-over-year to $1.134 billion. Twilio's GAAP Loss from Operations showed significant improvement, with a reduction to $5 million compared to the previous year's $108.9 million. Non-GAAP Income from Operations was reported at $182 million, with the company raising its full-year guidance to between $700 and $710 million. The company also reported a Non-GAAP net income per share of $1.02, up from $0.58 in the third quarter of 2023. Active Customer Accounts increased to more than 320,000 from the previous year's 306,000, and the Dollar-Based Net Expansion Rate grew to 105%. Twilio's CEO, Khozema Shipchandler, attributed the strong performance to financial discipline and focused innovation. The company also highlighted its position to leverage communications, data, and AI to enhance customer experiences. Twilio has completed over $2.7 billion in share repurchases and plans to complete the remaining balance by the end of 2024. The company provided guidance for the fourth quarter of 2024 and raised its full-year outlook for non-GAAP income from operations and free cash flow. The financial results were announced via a press release and will be discussed in a conference call.