Twilio Q2 2024 Earnings Report
Key Takeaways
Twilio reported Q2 2024 results with a 4% increase in revenue to $1.08 billion and a GAAP loss from operations of $19 million, a $123 million improvement year-over-year. Non-GAAP income from operations was $175 million. The company raised its full-year guidance for non-GAAP income from operations to $650 to $675 million.
Total revenue reached $1.08 billion, a 4% increase year-over-year.
GAAP loss from operations improved to $19.0 million, compared to a $141.8 million loss in Q2 2023.
Non-GAAP income from operations increased to $175.3 million, compared to $120.1 million in Q2 2023.
Active Customer Accounts exceeded 316,000 as of June 30, 2024, compared to over 304,000 as of June 30, 2023.
Twilio
Twilio
Forward Guidance
Twilio is initiating guidance for the third quarter ending September 30, 2024, and raising its non-GAAP income from operations range for fiscal year 2024 to $650 - $675 million.
Positive Outlook
- Revenue for Q3 2024 is expected to be between $1.085 billion and $1.095 billion.
- Year-over-year revenue growth and organic revenue growth for Q3 2024 are projected to be 5% - 6%.
- Non-GAAP income from operations for Q3 2024 is guided to be $160 - $170 million.
- Non-GAAP diluted earnings per share for Q3 2024 are expected to be $0.81 - $0.86.
- Full year 2024 organic revenue growth is narrowed to 6% - 7%.