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Dec 31, 2022
Twilio Q4 2022 Earnings Report
Reported revenue growth and organizational restructuring.
Key Takeaways
Twilio announced Q4 2022 results with revenue of $1.02 billion, up 22% year-over-year. The company is undergoing organizational changes including a workforce reduction of 17% and moving to a business unit structure.
Q4 revenue reached $1.02 billion, a 22% increase year-over-year.
GAAP loss from operations was $218.6 million, an improvement from $283.6 million in Q4 2021.
Non-GAAP income from operations was $32.9 million, compared to a non-GAAP loss of $27.2 million in Q4 2021.
The company authorized a $1.0 billion share repurchase program.
Forward Guidance
Twilio is initiating guidance for the first quarter ending March 31, 2023 and fiscal year 2023.
Positive Outlook
- Q1 FY23 Revenue (millions): $995 - $1,005
- Q1 FY23 Y/Y Growth: 14% - 15%
- Q1 FY23 Organic Y/Y Growth: 13% - 14%
- Q1 FY23 Non-GAAP profit from operations (millions): $45 - $55
- Q1 FY23 Non-GAAP profit per share: $0.18 - $0.22
Challenges Ahead
- FY23 Non-GAAP profit from operations (millions): $250 - $350
- Includes an estimated $10 million one-time, non-cash benefit for termination of the employee sabbatical program.
- Non-GAAP profit per share guidance assumes no impact from volatility of foreign exchange rates.
- Workforce reduction of approximately 17%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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