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Twilio Reports Q1 Earnings Beat and Provides Q2 Outlook, Shares Up 3% -Breaking

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© Reuters. Twilio Studies Q1 Earnings Beat and Offers Q2 Outlook, Shares Up 3%

Twilio (NYSE:) shares have been buying and selling round 3% greater after-hours Wednesday following the corporate’s reported Q1 outcomes, with EPS coming in at $0.00, beating the consensus estimate of ($0.22). Income grew 48% year-over-year to $875.4 million, in comparison with the consensus estimate of $863.59 million. Natural income was up 35% year-over-year.

The corporate ended Q1 with 268,000 lively buyer accounts, in comparison with 235,000 lively buyer accounts in the identical quarter final yr.

The corporate supplied its Q2/22 outlook, anticipating EPS within the vary of ($0.23)-($0.20), in comparison with the consensus of ($0.13), and income within the vary of $912-922 million, in comparison with the consensus of $916.04 million.

Shares of Twilio have been down 55% year-to-date into the earnings print.

By Davit Kirakosyan

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