NYSE$TWLO

Twilio Inc A · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Twilio reported strong results for Q4 2019, marked by significant revenue growth and expansion of its customer base.

Twilio's Q4 2019 results showcased substantial year-over-year revenue growth, driven by the inclusion of Twilio SendGrid and an increase in active customer accounts. The company's total revenue reached $331.2 million, a 62% increase compared to the previous year. Twilio also expanded its relationships with key organizations and continued to innovate its platform.

  • Total revenue increased by 62% year-over-year to $331.2 million.
  • Base revenue grew by 65% year-over-year to $306.6 million.
  • Dollar-Based Net Expansion Rate was 124%.
  • The company had more than 179,000 active customer accounts as of December 31, 2019.

Headline financials

Total Revenue

$331M

Previous: $204M+62.1%
EPS (adj)

$0.04

Previous: $0.04+0.0%
Active Customer Accounts

179.0K

No prior period
Dollar-Based Net Expansion Rate

124.0%

Previous: 147.0%-15.6%
Capital Expenditures

$26.4M

No prior period
Free Cash Flow

-$14.4M

No prior period
Net Income

-$90.2M

No prior period
Operating Income

-$93.8M

No prior period
Gross Profit

$175M

No prior period
Cash & Equivalents

$254M

No prior period
Total Assets

$5.15B

No prior period
Stock-Based Comp

$67M

No prior period

Revenue & EPS history

Twilio · Revenue · Quarterly

$331M

Q4 2019+62.1%vs Q4 2018
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

Twilio provided guidance for Q1 and full year 2020, projecting continued revenue growth and a non-GAAP loss from operations.

Tailwinds

  • Q1 FY20 Revenue Guidance: $335 - $338 million
  • Q1 FY20 Y/Y Growth: 44% - 45%
  • FY20 Revenue Guidance: $1.475 - $1.490 billion
  • FY20 Y/Y Growth: 30% - 31%
  • Non-GAAP income tax rate 25%

Headwinds

  • Q1 FY20 Non-GAAP loss from operations: ($25) - ($22) million
  • Q1 FY20 Non-GAAP loss per share: ($0.11) - ($0.09)
  • Q1 FY20 Non-GAAP basic shares outstanding: 148 million
  • FY20 Non-GAAP loss from operations: ($60) - ($50) million
  • FY20 Non-GAAP loss per share: ($0.20) - ($0.14)

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 Q4 2019

Historical avgQ4 2019

+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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