Twilio stock jumps on upbeat Q3 earnings, guidance lift
November 6, 2018
Twilio (TWLO) reported a wider loss for the third quarter due to higher operating expenses. The results exceeded analysts’ expectations. The cloud communications platform lifted its full-year 2018 guidance. Following this, the stock inched up over 9% in the after-market session.
Net loss for the quarter widened to .1 million or .28 per share from .5 million or .25 per share last year. Non-GAAP EPS was .07 compared to a loss of .08 per share a year ago. Total revenue soared 68% to 8.9 million driven by a growth in base revenue.
As of September 30, 2018, the company has 61,153 active customer accounts, up from 46,489 accounts as of September 30, 2017. For the third quarter, dollar-based net expansion rate rose to 145% from 122% a year ago.
Looking ahead into the fourth quarter, the company expects total revenue in the range of 3 million to 5 million and non-GAAP EPS in the range of .03 to .04. Base revenue is predicted to be between 4 million and 5 million.
For the full year 2018, Twilio lifted total revenue outlook to the range of 9 million to 1 million from the prior estimate of 5.5 million to 9.5 million and its non-GAAP EPS guidance to the range of .10 to .11 from the prior range of .02 to .04. Base revenue forecast was lifted to the range of 1 million to 2 million from the prior range of 6.5 million to 8.5 million.
Twilio Inc. (NYSE: TWLO) Q3 2018 Earnings Call