Elias Schisgall / MarketWatch : Twilio reports Q3 revenue up 20% YoY to $1.56B, vs. $1.52B est., net income up 333% to $161M, and expects slower Q4 revenue growth; TWLO drops 15%+ after hours — Twilio lifted its full-year revenue growth outlook after the company reported a higher profit and revenue growth in the third quarter.
Twilio reports Q3 revenue up 20% YoY to $1.56B, vs. $1.52B est., net income up 333% to $161M, and expects slower Q4 revenue growth; TWLO drops 15%+ after hours (Elias Schisgall/MarketWatch)
In short
The company surpassed market expectations for the third quarter by generating $1.56 billion in sales, backed by a massive surge in net profitability. Encouraged by these results, leadership increased its financial expectations for the entire fiscal year. Nevertheless, management projected weaker expansion for the upcoming fourth quarter, which triggered a swift sell-off exceeding 15% in late trading.
Key points
- Twilio delivered significant profit and top-line growth that exceeded consensus targets f…: Twilio delivered significant profit and top-line growth that exceeded consensus targets for the third quarter.
- Slower expected revenue growth for the fourth quarter overshadowed the upgraded full-year…: Slower expected revenue growth for the fourth quarter overshadowed the upgraded full-year outlook.
- Investors reacted negatively to the anticipated growth deceleration, driving shares down…: Investors reacted negatively to the anticipated growth deceleration, driving shares down over 15% after hours.