Twilio Beats Q4 Estimates, Revenue Up 60%

One of the hottest tech IPOs of 2016, Twilio Inc TWLO released its fourth quarter earnings after the market closed on Tuesday, just the second earnings release in the company’s short public history.

• Twilio Reports Q4 EPS $0.00, beats by $0.05
• Revenues $82 million, beats by $7.8 million; Revenue up 60 percent year-over-year
• Twilio sees Q1 revenue in the range of $82-84 million vs. $77.85 million
• Twilio sees FY17 Adj EPS of $(0.15)-$(0.19), Analysts are expecting $(0.22)

“Our fourth quarter and full year results demonstrate the power of our platform business model that starts with developers and extends to some of the largest enterprises in the world,” said Co-Founder and CEO Jeff Lawson. “As we look into 2017, we will continue to invest in innovation and growth with the goal of powering the software-based future of communications.”

Shares were trading up more than 3.6 percent at $32.15 in the after-hours session.