NYSE$TWLO

Twilio Inc A · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported strong third-quarter results with double-digit revenue growth and solid free cash flow generation.

Twilio announced its Q3 2024 results, reporting a revenue of $1.134 billion, a GAAP loss from operations of $5 million, and a non-GAAP income from operations of $182 million. The company raised its full-year non-GAAP income from operations guidance to $700 to $710 million.

  • Total revenue reached $1.134 billion, up 10% year-over-year.
  • GAAP loss from operations improved to $4.9 million, compared to a $108.9 million loss in Q3 2023.
  • Non-GAAP income from operations was $182.4 million, compared to $136.4 million in Q3 2023.
  • Free cash flow was $189.1 million, slightly down from $195.2 million in Q3 2023.

Headline financials

Total Revenue

$1.13B

Previous: $1.03B+9.7%
EPS

-$0.06

Previous: $0.58-110.3%
Active Customer Accounts

320.0K

Previous: 306.0K+4.6%
Dollar-Based Net Expansion Rate

105.0%

Previous: 101.0%+4.0%
Operating Cash Flow Margin

18.0%

No prior period
Free Cash Flow Margin

17.0%

No prior period
Capital Expenditures

-$15.2M

Previous: -$11.2M-35.7%
Free Cash Flow

-$9.73M

Previous: -$142M+93.1%
Net Income

-$9.73M

Previous: -$142M+93.1%
Operating Income

-$4.89M

Previous: -$109M+95.5%
Gross Profit

$579M

Previous: $516M+12.1%
Cash & Equivalents

$584M

Previous: $678M-13.9%
Total Assets

$10B

Previous: $11.9B-15.4%
R&D Expense

$261M

Previous: $241M+8.2%
Stock-Based Comp

$155M

Previous: $185M-16.7%

Revenue & EPS history

Twilio · Revenue · Quarterly

$1.13B

Q3 2024+9.7%vs Q3 2023
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Forward guidance

Twilio is initiating guidance for the fourth quarter ending December 31, 2024 and raising its non-GAAP income from operations range for fiscal year 2024 to $700 - $710 million, up from $650 - $675 million previously. Twilio also expects its full year 2024 free cash flow to be in the range of $650 - $675 million. Lastly, Twilio is increasing its full year 2024 organic revenue growth guidance to 7.5% - 8%, compared with 6% - 7% previously.

Tailwinds

  • Q4 2024 Revenue is expected to be between $1,150 - $1,160 million.
  • Q4 2024 Y/Y Revenue Growth is expected to be 7% - 8%.
  • Q4 2024 Non-GAAP income from operations is expected to be $185 - $195 million.
  • Q4 2024 Non-GAAP diluted earnings per share is expected to be $0.95 - $1.00.
  • Full year 2024 Organic Revenue Growth is expected to be 7.5% - 8%.

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 Q3 2024

Historical avgQ3 2024

+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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