Form 8-K · Current Report · Filed 2025-01-23

Twilio Announces Bylaw Amendments, Share Repurchase Program, and Preliminary Financial Results

Twilio Inc. announced on January 19, 2025, amendments to its bylaws aimed at enhancing corporate governance, authorized a $2.0 billion share repurchase program, and provided preliminary financial results for the quarter and full year ended December 31, 2024. The bylaw amendments, which became effective immediately, were adopted to comply with recent Delaware law changes and include changes to the voting threshold for bylaw amendments, advance notice provisions for director nominations, and updates to stockholder meeting provisions. The share repurchase program is set to expire on December 31, 2027, and allows the company to repurchase its Class A common stock under various conditions. Preliminary financial results indicate revenue growth of approximately 11% year-over-year for the fourth quarter, positive GAAP income from operations, and non-GAAP income from operations above original guidance ranges. Free cash flow for fiscal year 2024 is expected to be within the previously provided range. The company expects to report its final financial results on February 13, 2025.