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Mar 31, 2020
Twilio Q1 2020 Earnings Report
Twilio's Q1 2020 financial results were announced, demonstrating strong revenue growth and customer engagement.
Key Takeaways
Twilio reported a strong first quarter with revenue up 57% year-over-year to $364.9 million and a Dollar-Based Net Expansion Rate of 143%. The company had over 190,000 active customer accounts, representing a 23% increase year-over-year.
Total revenue reached $364.9 million, a 57% increase year-over-year.
GAAP loss from operations was $92.7 million, compared to $87.6 million in the previous year.
Non-GAAP income from operations was $6.1 million, up from $3.4 million in the previous year.
Dollar-Based Net Expansion Rate was 143%, or 135% excluding the contribution from Twilio SendGrid.
Forward Guidance
Twilio is initiating guidance for the second quarter ending June 30, 2020. With the uncertainty surrounding the ongoing impact of COVID-19, Twilio is withdrawing its full year 2020 guidance.
Positive Outlook
- Q2 FY20 Revenue (millions): $365 - $370
- Q2 FY20 Y/Y Growth: 33% - 35%
Challenges Ahead
- Q2 FY20 Non-GAAP loss from operations (millions): ($20) - ($15)
- Q2 FY20 Non-GAAP loss per share: ($0.11) - ($0.08)
- Q2 FY20 Non-GAAP basic shares outstanding (millions): 141
Historical Earnings Impact
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Avg. Return Before/After Earnings
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