Form 8-K · Current Report · Filed 2024-05-07
Twilio Reports Q1 2024 Results with Improved Profitability and Raised Guidance
Twilio Inc. reported its financial results for the first quarter of 2024, showcasing a 4% year-over-year revenue growth to $1.05 billion and an 84% improvement in GAAP loss from operations to $44 million. The company also announced a non-GAAP income from operations of $160 million and raised its full-year guidance to a range of $585 to $635 million. Additionally, Twilio provided an update on its share repurchase program, indicating it has completed approximately $1.5 billion of repurchases and aims to complete the remaining $1.5 billion by the end of 2024.
- Filer
- Twilio Inc. TWLO · NYSE
- Filed
- Accession
- 0001447669-24-000069
- CIK
- 0001447669
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$63.31
Next session
-7.4%
Since filing
+211.7%
Latest close
$197.35
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from TWLO reporting the same item, with the next session's move:
Exhibits (1)
About Twilio Inc.
Twilio Inc. is a cloud communications platform company that empowers developers to build and manage software communications solutions. Known for its robust application programming interfaces (APIs), Twilio facilitates voice, messaging, video, and email functions for a myriad of applications, making communication simple and programmable. The platform serves a wide array of industries, including retail, healthcare, education, and finance, enabling these sectors to seamlessly integrate communication services into their applications. Founded in 2008, Twilio has established itself as a key enabler of digital transformation, providing scalable and reliable communication technology to businesses of all sizes. Through its pioneering technology, Twilio continues to play a pivotal role in the evolution of customer engagement strategies, supporting companies worldwide in crafting personalized connections with their clients and users. It is known for its customer-centric approach, continuously evolving its services to meet the dynamic needs of the global communications market.
Never miss another TWLO filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.