Twilio’s First Earnings Report Since Its IPO Should Please Wall Street
Twilio (TWLO), a developer-focused messaging and voice services provider, reported a 70% jump in quarterly revenue in its first report since going public in June, driven by demand.
The company’s total revenue rose to $64.51 million in the second quarter ended June 30 from $37.95 million a year earlier.
San Francisco-based Twilio’s net loss attributable to common shareholders widened to $10.99 million from $9.58 million.
On a per share basis, its loss fell to 45 cents per share from 52 cents per share due a sharp rise in the count of the company’s outstanding shares.
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The company’s first-quarter revenue had soared 77.9% to $59.3 million, while its net loss had narrowed to $6.5 million from $8.7 million.
Twilio’s IPO on June 23 was the first offering in 2016 from a technology “unicorn,” private companies valued at more than $1 billion. The stock had nearly tripled from its IPO price of $15 through Monday’s close of $42.50.