Summary by Moomoo AI
Twilio reported Q2 2024 revenue of $1.08 billion, up 4% year-over-year, with Communications revenue growing 4% to $1.01 billion and Segment revenue increasing 3% to $75.2 million. The company's net loss significantly narrowed to $31.9 million from $166.2 million in Q2 2023. Gross margin improved to 51% from 49% last year, while operating expenses decreased 11% to $574.9 million.The company continued its operational efficiency initiatives, repurchasing 15.2 million shares for $898.6 million during the quarter. Dollar-Based Net Expansion Rate was 102%, reflecting stable customer growth. Active Customer Accounts grew to 316,000, up from 304,000 in the prior year period. The company maintained strong liquidity with $755.1 million in cash and $2.4 billion in marketable securities.Looking ahead, Twilio is targeting break-even non-GAAP income from operations for its Segment business by Q2 2025 and accelerated its timeline to achieve GAAP operating profitability on a consolidated basis to Q4 2025. The company continues to focus on improving operating efficiency while investing in strategic growth areas including AI capabilities and customer engagement platform development.
