Twilio Q4 Earnings: Revenue Beat, EPS Beat, Operational Review Focused On Profitable Growth And More

Twilio Inc TWLO reported fourth-quarter financial results after the market closed on Wednesday. Here’s a look at the key metrics from the quarter.

Q4 Earnings: Twilio’s fourth-quarter revenue increased 5% year-over-year to $1.08 billion, which beat the consensus estimate of $1.04 billion, according to Benzinga Pro. The company reported quarterly earnings of 86 cents per share, which beat analyst estimates of 58 cents per share.

Twilio has now beat analyst estimates on both the top and bottom line in 21 consecutive quarters, according to data from Benzinga Pro.

Communications revenue came in at $1 billion, up 5% year-over-year. Segment (formerly Data & Applications) revenue totaled $75 million, up 4% year-over-year. 

Twilio noted that management is performing an operational review of its Segment business in order to determine the appropriate path forward for improved execution and profitable growth.

Twilio had more than 305,000 active customer accounts as of Dec. 31, up from more than 290,000 at the end of 2022.

“Twilio had a terrific fourth quarter to close out a strong 2023. It’s a privilege to lead the Twilio team into its next chapter as we continue to make strides on our path to GAAP profitability,” said Khozema Shipchandler, CEO of Twilio.

“We enter 2024 from a position of strength and the team is focused on further delivering on our customer engagement vision for our customers.”

Outlook: Twilio expects first-quarter revenue to be between $1.025 billion and $1.035 billion versus estimates of $1.05 billion. The company sees first-quarter adjusted earnings in the range of 56 cents to 60 cents per share versus estimates of 54 cents per share.

Management will hold a conference call to discuss these results at 5 p.m. ET.

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TWLO Price Action: Twilio shares were down 5.13% after hours at $68.56 at the time of publication, according to Benzinga Pro.

Photo: Web Summit from Flickr.