Recap: Twilio Q1 Earnings

Twilio TWLO reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Twilio beat estimated earnings by 123.81%, reporting an EPS of $0.47 versus an estimate of $0.21.

Revenue was up $131.64 million from the same period last year.

Last quarter the company beat on EPS by $0.31 which was followed by a 14.23% increase in the share price the next day.

Here's a look at Twilio's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.09	-0.36	-0.21	-0.22
EPS Actual	0.22	-0.27	-0.11	0
Revenue Estimate	1.00B	972.00M	919.66M	863.59M
Revenue Actual	1.02B	983.03M	943.35M	875.36M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Twilio management provided guidance for Q2 2023, expecting earnings between $0.27 and $0.31 per share.

To track all earnings releases for Twilio visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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