TWILIO INC Reports Q2 FY2023 Earnings Results on June 30 2023
August 13, 2023
🌥️Earnings Overview
On June 30, 2023, TWILIO INC ($NYSE:TWLO) reported their financial results from the second quarter of FY 2023 with total revenue of USD 1037.8 million, a 10.0% increase from the same period in the previous year. The company also reported their net income of USD -166.2 million, a decrease from the prior year’s of -322.8 million.
Price History
On Tuesday, June 30, 2023, TWILIO INC reported their Q2 FY2023 earnings results for the fiscal year. The stock opened at $60.0 and closed at $58.4, representing a 5.2% drop from the previous closing price of $61.6. Investors were disappointed with the results as TWILIO INC had been expected to have a promising quarter. The revenue figure was above estimates, while the EPS figure missed expectations.
The company’s board of directors also authorized a new share repurchase program of up to $2 billion of its common stock. Analysts had mixed reactions to the report with some expressing concern about the company’s declining profit margins and others applauding the strong revenue growth. Despite the market’s reaction to the results, TWILIO INC remains confident that their long-term strategy will continue to pay off and help them stay competitive in the technology industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Twilio Inc. More…
| Total Revenues | Net Income | Net Margin |
| 4.05k | -1.22k | -24.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Twilio Inc. More…
| Operations | Investing | Financing |
| -188.45 | 528.95 | -458.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Twilio Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.9k | 1.93k | 55.12 |
Key Ratios Snapshot
Some of the financial key ratios for Twilio Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 42.8% | – | -18.2% |
| FCF Margin | ROE | ROA |
| -6.5% | -4.6% | -3.9% |
Analysis
At GoodWhale, we have conducted an analysis of TWILIO INC‘s financials. Our Risk Rating reveals that this company is a high risk investment in terms of both financial and business aspects. Our in-depth analysis has revealed four major risk warnings in the income sheet, balance sheet, cashflow statement, and non-financial areas. By registering with us, you can gain access to these details and make a more informed decision when investing in TWILIO INC. More…
Peers
Its competitors include Super League Gaming Inc, Interfactory Inc, and OOOOO Entertainment Commerce Ltd.
– Super League Gaming Inc ($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, a cloud communication platform, recently reported their second quarter earnings for FY2023. Total revenue rose 10.0% year-over-year to USD 1037.8 million, while net income decreased from the previous year’s -322.8 million to -166.2 million. Despite the revenue increase, the stock price had a negative reaction on the day of the announcement. Investors should keep a close eye on Twilio Inc’s future performance and outlook as the company works to improve its profitability and grow its customer base.
Additionally, investors should look for potential catalysts that could move the stock price, such as partnerships and product launches.
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