Loading...
•
Sep 30, 2024
Twilio Q3 2024 Earnings Report
Reported strong third-quarter results with double-digit revenue growth and solid free cash flow generation.
Key Takeaways
Twilio announced its Q3 2024 results, reporting a revenue of $1.134 billion, a GAAP loss from operations of $5 million, and a non-GAAP income from operations of $182 million. The company raised its full-year non-GAAP income from operations guidance to $700 to $710 million.
Total revenue reached $1.134 billion, up 10% year-over-year.
GAAP loss from operations improved to $4.9 million, compared to a $108.9 million loss in Q3 2023.
Non-GAAP income from operations was $182.4 million, compared to $136.4 million in Q3 2023.
Free cash flow was $189.1 million, slightly down from $195.2 million in Q3 2023.
Forward Guidance
Twilio is initiating guidance for the fourth quarter ending December 31, 2024 and raising its non-GAAP income from operations range for fiscal year 2024 to $700 - $710 million, up from $650 - $675 million previously. Twilio also expects its full year 2024 free cash flow to be in the range of $650 - $675 million. Lastly, Twilio is increasing its full year 2024 organic revenue growth guidance to 7.5% - 8%, compared with 6% - 7% previously.
Positive Outlook
- Q4 2024 Revenue is expected to be between $1,150 - $1,160 million.
- Q4 2024 Y/Y Revenue Growth is expected to be 7% - 8%.
- Q4 2024 Non-GAAP income from operations is expected to be $185 - $195 million.
- Q4 2024 Non-GAAP diluted earnings per share is expected to be $0.95 - $1.00.
- Full year 2024 Organic Revenue Growth is expected to be 7.5% - 8%.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...