Twilio Inc Reports Q2 FY2023 Earnings Results on August 8th
August 26, 2023
🌥️Earnings Overview
On August 8 2023, TWILIO INC ($NYSE:TWLO) reported its financial results for the second quarter of FY2023 ending June 30 2023. Total revenue for the quarter came in at USD 1037.8 million, an increase of 10.0% compared to the same period last year. Net income reported for the quarter was USD -166.2 million, significantly improving from the -322.8 million a year ago.
Market Price
On Tuesday, August 8th, Twilio Inc reported its Q2 FY2023 earnings results. The stock opened at $60.0 and closed at $58.4, a 5.2% drop from its last closing price of 61.6. Twilio Inc’s earnings report was not as strong as analysts had expected, leading to a sell-off of the stock. However, the company maintained its positive outlook for the remainder of the year and is confident it can continue to grow. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Twilio Inc. More…
| Total Revenues | Net Income | Net Margin |
| 4.05k | -1.22k | -24.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Twilio Inc. More…
| Operations | Investing | Financing |
| -188.45 | 528.95 | -458.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Twilio Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.9k | 1.93k | 55.12 |
Key Ratios Snapshot
Some of the financial key ratios for Twilio Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 42.8% | – | -18.2% |
| FCF Margin | ROE | ROA |
| -6.5% | -4.6% | -3.9% |
Analysis
At GoodWhale, we conducted an analysis of TWILIO INC‘s financials. After taking into account both financial and business aspects, our Risk Rating has determined that TWILIO INC is a high risk investment. To further illustrate this, our team of experts has identified 4 risk warnings in their income sheet, balance sheet, cashflow statement, and non-financial aspects. If you are interested in learning more about these potential risks, please consider becoming a registered user of GoodWhale. We are confident that the insights provided by our platform will help you make an informed decision about your investments. More…
Peers
Its competitors include Super League Gaming Inc, Interfactory Inc, and OOOOO Entertainment Commerce Ltd.
– Super League Gaming Inc ($NASDAQ:SLGG)
Super League Gaming is a professional esports league that hosts competitions for gamers of all levels. The company has a market cap of $23.21 million and a return on equity of -24.09%. Super League Gaming is headquartered in Santa Monica, California.
– Interfactory Inc ($TSE:4057)
Interfactory Inc is a publicly traded company with a market cap of 5.7 billion as of 2022. The company has a return on equity of 5.84%. Interfactory Inc is a diversified holding company that operates in a variety of industries, including manufacturing, healthcare, and media. The company has a long history and is well-respected in the business community.
– OOOOO Entertainment Commerce Ltd ($TSXV:OOOO)
OOOOO Entertainment Commerce Ltd has a market cap of 6.74M as of 2022. The company has a Return on Equity of -868.19%. The company operates in the entertainment and media industry.
Summary
TWILIO INC reported its financial results for the second quarter of FY2023, ending June 30 2023, showing total revenue of USD 1037.8 million, a 10.0% year over year increase. Net income was reported at USD -166.2 million, a decrease from last year’s -322.8 million. On the same day, the company’s stock price moved down.
From an investing perspective, this suggests investors may be less confident in TWILIO INC’s prospects for the remainder of the year, and may be more cautious when considering an investment in the company. While the revenue growth is an encouraging sign, the net income decrease and stock price drop suggest that further analysis is necessary to assess the company’s true financial health.
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