Twilio (NYSE:TWLO) shares surged more than 7% after-hours following the company’s reported Q3 results, with EPS of $0.58 coming in better than the consensus estimate of $0.37. Revenue grew 5% year-over-year to $1.03 billion, beating the consensus estimate of $989.95 million.
Communications revenue increased 5% year-over-year to $906.7M, and Data & Applications revenue rose 9% year-over-year to $127.0M.
“Twilio had a strong third quarter, delivering another record quarter of non-GAAP income from operations and free cash flow. We are building a foundation for profitable growth that enables us to invest in our CustomerAI vision to deliver even more compelling outcomes for our customers and our shareholders in the long-term," said CEO Jeff Lawson.
For Q4/23, the company expects EPS in the range of $0.53-$0.57, compared to the consensus of $0.37, and revenue in the range of $1.03-$1.04B, compared to the consensus of $1.03B.
Furthermore, Elena Donio announced her resignation as President of Twilio’s Data & Applications effective December 15, 2023, remaining in an advisory capacity until Q1/24. CEO Jeff Lawson will oversee the unit until a new appointment is made.