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Mar 31, 2024
Twilio Q1 2024 Earnings Report
Reported solid first-quarter results, demonstrating continued progress on profitability and significant free cash flow
Key Takeaways
Twilio reported a 4% year-over-year increase in first-quarter revenue to $1.05 billion, with organic revenue growth of 7%. The company's GAAP loss from operations improved significantly to $44 million, and non-GAAP income from operations was $160 million. Twilio is operating with greater financial discipline, operational rigor, and focus on innovation.
Total revenue reached $1.05 billion, a 4% increase year-over-year.
GAAP loss from operations improved by 84% year-over-year, totaling $44 million.
Non-GAAP income from operations was $160 million.
Free cash flow stood at $177.3 million.
Forward Guidance
Twilio is initiating guidance for the second quarter ending June 30, 2024, and raising its non-GAAP income from operations range for fiscal year 2024. Twilio also expects its full-year 2024 free cash flow to be in line with its full-year 2024 non-GAAP income from operations. Lastly, Twilio is reaffirming the full-year 2024 organic revenue growth guidance of 5% - 10%, as originally provided on March 5, 2024.
Positive Outlook
- Revenue for Q2 2024 is expected to be between $1.05 billion and $1.06 billion.
- Year-over-year revenue growth for Q2 2024 is projected at 1% - 2%.
- Year-over-year organic revenue growth for Q2 2024 is anticipated to be 4% - 5%.
- Non-GAAP income from operations for Q2 2024 is guided to be $135 million - $145 million.
- Non-GAAP diluted earnings per share for Q2 2024 are expected to be $0.64 - $0.68.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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