Twilio Q2 2023 Earnings Report
Key Takeaways
Twilio's second quarter 2023 results showed a 10% year-over-year revenue increase to $1.04 billion. The company reported a GAAP loss from operations of $142 million, a 55% improvement year-over-year, and a non-GAAP income from operations of $120 million. Twilio is raising its full year guidance to $350 to $400 million.
Total revenue was $1.04 billion, up 10% year-over-year.
Communications revenue reached $913.1 million, a 10% increase year-over-year.
Data & Applications revenue was $124.6 million, up 12% year-over-year.
GAAP loss from operations improved to $141.8 million, compared to $311.9 million in the same quarter last year.
Twilio
Twilio
Forward Guidance
Twilio is initiating guidance for the third quarter ending September 30, 2023 and raising its non-GAAP income from operations range for fiscal year 2023.
Positive Outlook
- Q3 FY23 Revenue (millions): $980 - $990
- Q3 FY23 Y/Y Growth: 0% - 1%
- Q3 FY23 Y/Y Organic Growth: 3%-4%
- Q3 FY23 Non-GAAP income from operations (millions): $75 - $85
- Q3 FY23 Non-GAAP diluted earnings per share: $0.33 - $0.37