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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.
Twilio
Twilio
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