Twilio Inc ( (TWLO) ) has realeased its Q3 earnings. Here is a breakdown of the information Twilio Inc presented to its investors.
Twilio Inc. is a leading customer engagement platform that offers real-time, personalized communication solutions, integrating contextual data and AI to enhance customer experiences across various sectors.
In its third quarter of 2024, Twilio reported a 10% year-over-year revenue growth, reaching $1.134 billion, alongside a significant reduction in its GAAP loss from operations by $104 million compared to the previous year.
The company highlighted a GAAP loss of $5 million and a non-GAAP income from operations of $182 million, reflecting improved financial discipline. Their dollar-based net expansion rate increased to 105%, and they continued robust cash flow generation with $204 million in net cash from operating activities.
With a focus on innovation and communication, Twilio has also been actively engaging in a share repurchase program, having completed over $2.7 billion in repurchases. The company has raised its full-year non-GAAP income guidance and expects organic revenue growth to reach up to 8%.
Looking ahead, Twilio’s management is optimistic about its strategic position in the evolving AI landscape, aiming for continued growth and innovation to solidify its market standing.
