NYSE$TWLO

Twilio Inc A · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Second quarter revenue increased, driven by growth in active customer accounts and dollar-based net expansion rate, but GAAP loss from operations widened.

Twilio announced strong second-quarter results with revenue of $943.4 million, a 41% year-over-year increase. The company's active customer accounts reached over 275,000, and the dollar-based net expansion rate was 123%. However, the GAAP loss from operations increased to $311.9 million.

  • Revenue reached $943.4 million, up 41% year-over-year.
  • Organic revenue grew 33% year-over-year.
  • GAAP loss from operations was $311.9 million.
  • Dollar-Based Net Expansion Rate was 123%.

Headline financials

Total Revenue

$943M

Previous: $669M+41.0%
EPS (adj)

-$0.11

Previous: -$0.11+0.0%
Active Customer Accounts

275.0K

Previous: 240.0K+14.6%
Dollar-Based Net Expansion Rate

123.0%

No prior period
Organic Revenue Growth

33.0%

Previous: 135.0%-75.6%
Capital Expenditures

-$10.8M

Previous: -$12.1M+11.2%
Free Cash Flow

-$334M

Previous: -$240M-39.0%
Net Income

-$323M

Previous: -$228M-41.7%
Operating Income

-$312M

Previous: -$202M-54.2%
Gross Profit

$445M

Previous: $331M+34.4%
Cash & Equivalents

$799M

Previous: $1.8B-55.6%
Total Assets

$12.9B

Previous: $12.5B+2.7%
Stock-Based Comp

$242M

Previous: $144M+67.9%

Revenue & EPS history

Twilio · Revenue · Quarterly

$943M

Q2 2022+41%vs Q2 2021
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Forward guidance

Twilio is initiating guidance for the third quarter ending September 30, 2022, with revenue expected to be between $965 million and $975 million, representing a year-over-year growth of 30% to 32%.

Tailwinds

  • Revenue (millions): $965 - $975
  • Y/Y Growth: 30% - 32%
  • Organic Y/Y Growth : 29% - 30%

Headwinds

  • Non-GAAP loss from operations (millions): ($70) - ($60)
  • Non-GAAP loss per share: ($0.43) - ($0.37)
  • Non-GAAP basic shares outstanding (millions): 183

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 2022

Historical avgQ2 2022

+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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