$TWLO (+1%) | Twilio Q3'24 Earnings Highlights:
🔹 EPS: $1.02 (Est. $0.86) 🟢
🔹 Revenue: $1.13B (Est. $1.09B) 🟢; UP +10% YoY
Q4'24 Guidance:
🔹 Revenue: $1.15B - $1.16B (Est. $1.148B) 🟢; UP +7% to +8% YoY
🔹 Non-GAAP EPS: $0.95 - $1.00 (Est. $0.87) 🟢
🔹 Non-GAAP Income from Operations: $185M - $195M
FY24 Guidance:
🔹 Organic Revenue Growth: 7.5% - 8% (Raised from 6% - 7%)
🔹 Non-GAAP Income from Operations: $700M - $710M (Raised from $650M - $675M)
🔹 Free Cash Flow: $650M - $675M
Key Financial Metrics:
🔹 Free Cash Flow: $189M (vs. $195.2M in Q3 2023); 17% Margin
🔹 Cash Provided by Operating Activities: $204M
Q3 Operational Metrics:
🔹 Active Customer Accounts: 320,000 (vs. 306,000 in Q3 2023)
🔹 Dollar-Based Net Expansion Rate: 105% (vs. 101% in Q3 2023)
🔹 Employees: 5,535
Revenue Breakdown:
🔹 Communications Revenue: $1.06B; UP +10% YoY
🔹 Segment Revenue: $73.4M; Flat YoY
Business Highlights:
🔸 Share Repurchase Program: Completed $2.7B in repurchases; targeting remaining balance of authorized $3.0B repurchases by end of 2024
🔸 Product Innovation: Focus on integrating communications, contextual data, and AI for improved customer experiences
🔸 Partnerships: Continued growth with real-time, personalized customer engagement through innovations
CEO Khozema Shipchandler's Commentary:
🔸 "Twilio continues to operate with financial discipline, operating rigor, and focused innovation. Our strong Q3 results, solid free cash flow, and product innovations show our ability to thrive in the age of AI."