Twilio Announced Second Quarter Financial Results

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Twilio (NYSE: TWLO), the leading cloud communications platform, today reported financial results for its second quarter ended June 30, 2018.  Total revenue of $147.8 million for the second quarter of 2018, up 54% from the second quarter of 2017 and 14% sequentially from the first quarter of 2018.  Base revenue of $135.0 million for the second quarter of 2018, up 54% from the second quarter of 2017 and 15% sequentially from the first quarter of 2018.

GAAP loss from operations of $22.0 million for the second quarter of 2018, compared with GAAP loss from operations of $7.1 million for the second quarter of 2017. Non-GAAP income from operations of $2.2 million for the second quarter of 2018, compared with non-GAAP loss from operations of $4.7 million for the second quarter of 2017.  GAAP net loss per share attributable to common stockholders of $0.25 based on 96.3 million weighted average shares outstanding in the second quarter of 2018, compared with GAAP net loss per share attributable to common stockholders of $0.08 based on 90.9 million weighted average shares outstanding in the second quarter of 2017.  Non-GAAP net income per share attributable to common stockholders of $0.03 based on 106.6 million non-GAAP weighted average shares outstanding in the second quarter of 2018, compared with non-GAAP net loss per share attributable to common stockholders of $0.05 based on 90.9 million weighted average shares outstanding in the second quarter of 2017.

“Our core voice and messaging products grew rapidly once again, and the positive customer response to Flex further reinforces our Engagement Cloud strategy,” said Jeff Lawson, Twilio’s Co-Founder and Chief Executive Officer. “Our go-to-market investments are driving growth in companies of all shapes and sizes, and we’re excited to unveil our newest set of innovations and gather our customers at our upcoming SIGNAL conference in October.”

57,350 Active Customer Accounts as of June 30, 2018, compared to 43,431 Active Customer Accounts as of June 30, 2017.  Dollar-Based Net Expansion Rate was 137% for the second quarter of 2018, compared to 131% for the second quarter of 2017.

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