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Twilio | 8-K: Twilio Announces Fourth Quarter and Full Year 2023 Results

SEC announcement ·  Feb 14 17:51
Summary by Moomoo AI
On February 14, 2024, Twilio Inc. reported its financial results for the fourth quarter and full year ended December 31, 2023. The company announced a fourth-quarter revenue of $1.08 billion, a 5% increase year-over-year, and a full-year revenue of $4.15 billion, up 9% from the previous year. Despite the revenue growth, Twilio recorded a GAAP loss from operations of $362 million for the quarter and $877 million for the full year. However, on a non-GAAP basis, the company reported income from operations of $173 million for the quarter and $533 million for the full year. Twilio's CEO, Khozema Shipchandler, expressed optimism about the company's trajectory towards GAAP profitability and its customer engagement vision. The company also highlighted the completion of over $730 million in share repurchases...Show More
On February 14, 2024, Twilio Inc. reported its financial results for the fourth quarter and full year ended December 31, 2023. The company announced a fourth-quarter revenue of $1.08 billion, a 5% increase year-over-year, and a full-year revenue of $4.15 billion, up 9% from the previous year. Despite the revenue growth, Twilio recorded a GAAP loss from operations of $362 million for the quarter and $877 million for the full year. However, on a non-GAAP basis, the company reported income from operations of $173 million for the quarter and $533 million for the full year. Twilio's CEO, Khozema Shipchandler, expressed optimism about the company's trajectory towards GAAP profitability and its customer engagement vision. The company also highlighted the completion of over $730 million in share repurchases, representing over 73% of the authorized $1.0 billion program. Additionally, Twilio provided guidance for the first quarter of 2024, expecting revenue between $1.025 and $1.035 billion and non-GAAP income from operations of $120 to $130 million. The company plans to provide a full-year 2024 outlook following the completion of an operational review of its Segment business unit in March 2024.

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