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Mar 31, 2021
Twilio Q1 2021 Earnings Report
Twilio's first quarter results for 2021 showed significant revenue growth and continued expansion of its customer base.
Key Takeaways
Twilio announced strong first quarter results with revenue of $590.0 million, a 62% increase year-over-year. The company's dollar-based net expansion rate was 133%, and it had over 235,000 active customer accounts. Despite a GAAP loss from operations, non-GAAP income from operations showed positive results.
Revenue increased by 62% year-over-year, reaching $590.0 million.
Dollar-based net expansion rate was 133%.
Active customer accounts exceeded 235,000.
Non-GAAP income from operations was $17.3 million.
Twilio
Twilio
Forward Guidance
Twilio is initiating guidance for the second quarter ending June 30, 2021. Revenue (millions)$591 - $601 and Non-GAAP loss per share($0.16) - ($0.13)
Positive Outlook
- Revenue between $591 million and $601 million
- Year-over-year growth of 47% - 50%
Challenges Ahead
- Non-GAAP loss from operations between ($27) million and ($22) million
- Non-GAAP loss per share between ($0.16) and ($0.13)