Financial GuidanceReiterated 'conservative' F24 guidance implies a cut to 4Q consensus and weighed heavily on the stock following a strong run into earnings.
Growth DecelerationThere is likely disappointment stemming from this quarter’s growth decelerating to 19%, a smaller beat than historical levels, and a muted growth outlook to close out the year.
Revenue SlowdownBacking out political revenue and A2P fees, 'core' 2Q SMS/voice revenue growth of 5.5% year-over-year slowed from 16% and 10% in the past two quarters.