Summary by Moomoo AI
Twilio delivered strong Q3 2024 results with revenue reaching $1.134 billion, up 10% YoY, driven by 10% growth in Communications revenue to $1.06 billion. The company significantly improved its GAAP loss from operations to $4.9 million from $108.9 million last year, while non-GAAP income from operations grew to $182.4 million.The company demonstrated solid operational execution with a Dollar-Based Net Expansion Rate of 105% and grew its Active Customer Accounts to over 320,000. Free cash flow remained robust at $189.1 million with a 17% margin. Twilio has completed over $2.7 billion in share repurchases to date under its authorized program.Looking ahead, Twilio raised its full-year 2024 guidance, increasing organic revenue growth forecast to 7.5-8% from 6-7% previously, and lifting non-GAAP income from operations guidance to $700-710 million. The company expects Q4 2024 revenue of $1.15-1.16 billion with non-GAAP operating income of $185-195 million.
