Twilio (NYSE: TWLO) reported fourth quarter 2019 earnings of 4 cents per share, which surpassed analysts’ estimates of 1 cent per share. Revenue rose 62% to $331 million versus the market’s projection of $312 million. TWLO stock was down about 3% immediately after the earnings announcement as the company provided weaker-than-expected outlook.
For the first quarter of 2020, Twilio expects revenue in the range of $335 million to $338 million and adjusted loss to be $0.09 to $0.11 per share. For fiscal 2019, the company expects revenue to be $1.475 billion to $1.490 billion and adjusted loss to be $0.14 to $0.20 per share.
GAAP net loss per share attributable to common stockholders expanded to $0.66 in the recently ended quarter from $0.47 reported in the fourth quarter of 2018. The San Francisco-based firm had more than 179,000 active customer accounts as of December 31, 2019, compared to 64,286 active customer accounts as of December 31, 2018.
“Twilio’s 62% year-over-year total revenue growth in the fourth quarter capped off a spectacular year in which we delivered more than $1.13 billion in revenue, welcomed SendGrid to the Twilio family, and added more than 1,400 new employees,” said CEO Jeff Lawson. Twilio’s headcount stood at 2,905 as of December 31, 2019.
TWLO shares have gained 38% in the last three months and 12% from this time last year.
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