Categories AlphaGraphs, Earnings, Technology

Earnings: Twilio (TWLO) reports surprise profit for Q3; revenues beat

Twilio Inc. (NASDAQ: TWLO) reported higher earnings for the third quarter of 2020, contrary to expectations for a loss. The bottom-line benefitted from a 52% growth in revenues, which also topped the Street view. The company’s stock dropped on Monday evening, immediately after the announcement.

Twilio Q3 2020 Earnings Infographic

The cloud communications platform reported adjusted earnings of $0.04 per share for the September-quarter, compared to $0.03 per share in the same period of last year. Analysts had forecast a loss for the latest quarter. On a reported basis, it was a net loss of $116.9 million or $0.79 per share, compared to last year’s loss of $87.7 million or $0.64 per share.

Read management/analysts’ comments on Twilio’s Q3 results

Third-quarter revenues climbed 52% annually to $447 million and surpassed the market’s projection. During the three-month period, the number of active customer accounts rose 21% year-over-year to more than 208,000.

Twilio’s stock declined during Monday’s extended trading, after closing the regular session lower.

  • Twilio (TWLO) Q1 2020 Earnings Infograph
  • Twilio (TWLO) Q4 2019 earnings infograph
  • Twilio (TWLO) Q3 2019 Earnings Review

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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