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Twilio reports Q1 beat but shares plunge 14% on weak guidance

Published 10/05/2023, 06:58 am
© Reuters.

Twilio (NYSE:TWLO) shares dropped more than 14% after-hours following the company’s reported Q1 results. While Q1 EPS of $0.47 and revenue of $1.01 billion (up 15% year-over-year) came in better than the consensus estimates of $0.21 and $1B, respectively, Q2 guidance disappointed investors.

“We’ve structured our business with the aim of enabling Twilio to operate profitably in any financial climate and our first quarter non-GAAP income from operations is a strong signal of our ability to do so,” said CEO Jeff Lawson.

For Q2/23, the company expects EPS in the range of $0.27-$0.31, compared to the consensus of $0.29. Revenue is seen at $980-$990B, missing the consensus estimate of $1.05B.

For the full year, the company expects non-GAAP income from operations in the range of $275-$350 million.

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