NYSE$TWLO

Twilio Inc A · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Twilio's financial results for the second quarter ended June 30, 2020, were announced, demonstrating significant year-over-year growth and a strong dollar-based net expansion rate.

Twilio reported a total revenue of $400.8 million for Q2 2020, a 46% increase year-over-year. The dollar-based net expansion rate was 132%. The company had over 200,000 active customer accounts as of June 30, 2020, which is up 24% year-over-year.

  • Total revenue reached $400.8 million, up 46% year-over-year.
  • The dollar-based net expansion rate was 132%.
  • The company had over 200,000 active customer accounts, up 24% year-over-year.
  • GAAP loss from operations was $102.6 million.

Headline financials

Total Revenue

$401M

Previous: $275M+45.7%
EPS (adj)

$0.09

Previous: $0.03+200.0%
Active Customer Accounts

200.0K

Previous: 161.9K+23.6%
Dollar-Based Net Expansion Rate

132.0%

Previous: 141.0%-6.4%
Capital Expenditures

$6.48M

No prior period
Free Cash Flow

-$8.1M

Previous: -$92.6M+91.2%
Net Income

-$99.9M

Previous: -$92.6M-7.9%
Operating Income

-$103M

Previous: -$93.7M-9.5%
Gross Profit

$209M

Previous: $150M+39.4%
Cash & Equivalents

$476M

Previous: $536M-11.2%
Total Assets

$5.29B

Previous: $5.11B+3.6%
Stock-Based Comp

$79.4M

No prior period

Revenue & EPS history

Twilio · Revenue · Quarterly

$401M

Q2 2020+45.7%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

Twilio is initiating guidance for the third quarter ending September 30, 2020, with revenue expected to be between $401 million and $406 million, representing a year-over-year growth of 36% to 38%.

Tailwinds

  • Revenue between $401 million and $406 million
  • Year-over-year growth of 36% - 38%

Headwinds

  • Non-GAAP loss from operations between ($15) million and ($10) million
  • Non-GAAP loss per share between ($0.09) and ($0.05)
  • Non-GAAP basic shares outstanding (millions) 145

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+1.1%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+3.6%

Avg return

30 days after

46%

18 / 39 earnings

Positive

+46.6%

Q1 2020

Best reaction

-36.6%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+23.8%+29.3%+28.7%
Q4 2025+2.3%+0.2%+12.8%
Q3 2025+20.4%+16.4%+14.9%
Q1 2025+2.1%+5.8%+20.2%
Q4 2024-15.0%-17.7%-32.8%
Q3 2024+13.1%+22.7%+46.6%
Q2 2024+6.3%-0.5%+6.1%
Q1 2024-7.4%-5.1%-9.4%
Q4 2023-11.8%-15.5%-13.9%
Q3 2023+1.1%+5.5%+27.4%
Q2 2023-3.1%+0.6%+8.6%
Q1 2023-10.8%-16.4%+14.9%
Q4 2022+21.5%+17.6%+5.5%
Q3 2022-36.6%-34.0%-27.8%
Q2 2022-13.1%-16.8%-31.4%
Q1 2022+3.9%-10.3%-9.4%
Q4 2021+3.7%-1.4%-33.3%
Q3 2021-19.5%-15.1%-18.0%
Q2 2021-5.2%-6.0%-8.3%
Q1 2021-11.1%-13.8%-9.4%
Q4 2020+5.3%-2.9%-15.5%
Q3 2020-6.5%-8.9%-0.2%
Q2 2020-2.9%-13.0%-13.3%
Q1 2020+46.6%+60.1%+68.7%
Q4 2019-10.6%-4.7%-22.8%
Q3 2019-8.1%-12.5%-1.7%
Q2 2019-1.5%-11.1%-6.8%
Q1 2019-5.5%-3.8%-6.7%
Q4 2018-7.7%-7.7%+12.3%
Q3 2018+34.0%+28.5%+34.0%
Q2 2018+21.1%+25.0%+31.8%
Q1 2018+18.9%+21.5%+27.9%
Q4 2017+19.1%+28.3%+58.1%
Q3 2017-8.6%-7.0%-12.8%
Q2 2017+15.0%+7.4%+2.3%
Q1 2017-27.3%-30.3%-29.8%
Q4 2016-1.2%+0.4%-1.6%
Q3 2016-7.6%-8.0%-11.0%
Q2 2016+3.7%+28.4%+36.5%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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