Summary by Futu AI
On August 1, 2024, Twilio Inc. released its financial results for the second quarter ending June 30, 2024. The company reported a revenue of $1.08 billion, marking a 4% year-over-year increase, with organic revenue growth at 7%. Twilio's GAAP loss from operations significantly improved to $19 million, compared to a $141.8 million loss in the same quarter of the previous year. Non-GAAP income from operations was $175.3 million, with the company raising its full-year guidance to between $650 and $675 million. The quarter also saw a GAAP net loss per share of $0.19, while non-GAAP net income per share was $0.87. Twilio's active customer accounts grew to over 316,000, and the company reported a Dollar-Based Net Expansion Rate of 102%. Additionally, Twilio has completed over $2.2 billion in share repurchases and aims to finish the remaining $0.8 billion by the end of 2024. The company also provided guidance for the third quarter and updated its full-year 2024 outlook, narrowing its organic revenue growth forecast to 6%-7%.
