NYSE$TWLO

Twilio Inc A · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Revenue increased by 67% year-over-year, and the dollar-based net expansion rate was 135%.

Twilio reported strong second-quarter results with revenue growth accelerating to a run rate of more than $2.6 billion. Companies are increasingly adopting their platform for personalized customer engagement, driving a generational opportunity for Twilio.

  • Second Quarter Revenue of $668.9 million, up 67% Year-Over-Year
  • Second Quarter Revenue Dollar-Based Net Expansion Rate of 135%
  • More than 240,000 Active Customer Accounts as of June 30, 2021, compared to 200,000 Active Customer Accounts as of June 30, 2020
  • Closed the acquisition of Zipwhip

Headline financials

Total Revenue

$669M

Previous: $401M+66.9%
EPS (adj)

-$0.11

Previous: $0.09-222.2%
Active Customer Accounts

240.0K

Previous: 200.0K+20.0%
Organic Revenue Growth

135.0%

No prior period
Capital Expenditures

-$12.1M

Previous: $6.48M-287.4%
Free Cash Flow

-$240M

Previous: -$8.1M-2862.1%
Net Income

-$228M

Previous: -$99.9M-128.0%
Operating Income

-$202M

Previous: -$103M-97.1%
Gross Profit

$331M

Previous: $209M+58.4%
Cash & Equivalents

$1.8B

Previous: $476M+278.3%
Total Assets

$12.5B

Previous: $5.29B+136.9%
Stock-Based Comp

$144M

Previous: $79.4M+81.6%

Revenue & EPS history

Twilio · Revenue · Quarterly

$669M

Q2 2021+66.9%vs Q2 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Twilio is initiating guidance for the third quarter ending September 30, 2021. This guidance includes the revenue contribution from Twilio Segment, but excludes revenue contribution from the recently closed acquisition of Zipwhip.

Tailwinds

  • Revenue (millions): $670 - $680
  • Y/Y Growth: 50% - 52%

Headwinds

  • Non-GAAP loss from operations (millions): ($30) - ($25)
  • Non-GAAP loss per share: ($0.17) - ($0.14)
  • Non-GAAP basic shares outstanding (millions): 177

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 2021

Historical avgQ2 2021

+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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