TWILIO INC Reports Third Quarter FY2023 Earnings Results
November 21, 2023
🌥️Earnings Overview
On November 8, 2023, TWILIO INC ($NYSE:TWLO) reported their results for the third quarter of FY2023, which ended on September 30th. Total revenue for the quarter amounted to USD 1033.7 million, indicating a 5.2% year-over-year growth. Additionally, net income came in at USD -141.7 million, a vast improvement from the -482.3 million reported in the same period last year.
Share Price
The stock opened at $55.3 and closed at $55.8, up by 0.7% from the prior closing price of 55.4. This increase in stock prices signals the market’s positive reaction to the company’s report. This impressive growth was attributed to strong demand for the company’s communications API and other cloud-based services, signaling the company’s continued success and ability to capitalize on the growing digital transformation trend. Overall, TWILIO INC‘s report was well-received by investors and analysts alike, and the company is expected to see further growth in the coming quarters given its strong performance in this third quarter. 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 |
| 4.1k | -879.46 | -17.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Twilio Inc. More…
| Operations | Investing | Financing |
| 133.75 | 431.45 | -524.47 |
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 |
| 11.86k | 1.88k | 54.81 |
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 |
| 38.5% | – | -13.5% |
| FCF Margin | ROE | ROA |
| 1.9% | -3.5% | -2.9% |
Analysis
GoodWhale conducted an analysis of TWILIO INC‘s fundamentals. According to the Star Chart classification of TWILIO INC, which categorizes it as a ‘cheetah’, we can conclude that the company achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be of interest to investors who are looking for high growth potential, but may be more risk averse due to the lower profitability. When assessing TWILIO INC’s fundamentals, we found that it is strong in terms of asset growth, but weak in terms of dividend and profitability. Overall, TWILIO INC has an intermediate health score of 6/10 considering its cashflows and debt. This suggests that the company is likely to be able to pay off debt and fund future operations. 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’s third quarter of FY2023 earnings report showed a revenue increase of 5.2% year-over-year to USD 1033.7 million. Net income was significantly higher compared to the same period last year at USD -141.7 million, compared to the -482.3 million reported previously. This represented positive investment potential in the company and bodes well for future performance and growth. Investors are likely to be enticed by TWILIO INC’s improving profitability, and its potential for further growth in the near future.
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