Twilio Q3 2023 Earnings Report
Key Takeaways
Twilio reported Q3 2023 revenue of $1.03 billion, a 5% year-over-year increase. GAAP loss from operations improved by 76% year-over-year to $109 million. Non-GAAP income from operations was $136 million, and the company raised its full year guidance to $475 to $485 million.
Total revenue was $1.03 billion, up 5% year-over-year.
GAAP loss from operations improved to $108.9 million, compared to $457.0 million in Q3 2022.
Non-GAAP income from operations reached $136.4 million, compared to a loss of $35.1 million in Q3 2022.
Active Customer Accounts exceeded 306,000, compared to 280,000 in Q3 2022.
Twilio
Twilio
Forward Guidance
Twilio is initiating guidance for the fourth quarter ending December 31, 2023 and raising its non-GAAP income from operations range for fiscal year 2023.
Positive Outlook
- Q4 FY23 Revenue (millions): $1,030 - $1,040
- Q4 FY23 Y/Y Revenue Growth: 1% - 2%
- Q4 FY23 Y/Y Organic Revenue Growth: 4% - 5%
- Q4 FY23 Non-GAAP income from operations (millions): $115 - $125
- Q4 FY23 Non-GAAP diluted earnings per share: $0.53 - $0.57