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Jun 30, 2020
Twilio Q2 2020 Earnings Report
Twilio's financial results for the second quarter ended June 30, 2020, were announced, demonstrating significant year-over-year growth and a strong dollar-based net expansion rate.
Key Takeaways
Twilio reported a total revenue of $400.8 million for Q2 2020, a 46% increase year-over-year. The dollar-based net expansion rate was 132%. The company had over 200,000 active customer accounts as of June 30, 2020, which is up 24% year-over-year.
Total revenue reached $400.8 million, up 46% year-over-year.
The dollar-based net expansion rate was 132%.
The company had over 200,000 active customer accounts, up 24% year-over-year.
GAAP loss from operations was $102.6 million.
Twilio
Twilio
Forward Guidance
Twilio is initiating guidance for the third quarter ending September 30, 2020, with revenue expected to be between $401 million and $406 million, representing a year-over-year growth of 36% to 38%.
Positive Outlook
- Revenue between $401 million and $406 million
- Year-over-year growth of 36% - 38%
Challenges Ahead
- Non-GAAP loss from operations between ($15) million and ($10) million
- Non-GAAP loss per share between ($0.09) and ($0.05)
- Non-GAAP basic shares outstanding (millions) 145