Twilio Announces Third Quarter 2016 Results

Twilio Inc. (NYSE: TWLO), the leading Cloud Communications Platform company, today reported financial results for its third quarter ended September 30, 2016.

"We are pleased that our third quarter results demonstrated further success with both new and existing customers," said Jeff Lawson, Twilio's Co-Founder and Chief Executive Officer. "We continued to set the pace of innovation with multiple product launches during the quarter, including new subscription offerings - Voice Insights and the Twilio Enterprise Plan."

Third Quarter 2016 Financial Highlights
  • Total revenue of $71.5 million for the third quarter of 2016, up 62% from the third quarter of 2015 and 11% sequentially from the second quarter of 2016.
  • Base revenue of $64.1 million for the third quarter of 2016, up 75% from the third quarter of 2015 and 14% sequentially from the second quarter of 2016.
  • GAAP loss from operations of $11.3 million for the third quarter of 2016, compared with GAAP loss from operations of $8.9 million for the third quarter of 2015. Non-GAAP loss from operations of $3.4 million for the third quarter of 2016, compared with non-GAAP net loss from operations of $4.6 million for the third quarter of 2015.
  • GAAP net loss per share attributable to common stockholders of $0.13 based on 83.9 million weighted average shares outstanding in the third quarter of 2016, compared with GAAP net loss per share attributable to common stockholders of $0.70 based on 17.8 million weighted average shares outstanding in the third quarter of 2015.
  • Non-GAAP net loss per share attributable to common stockholders of $0.04 based on 83.9 million non-GAAP weighted average shares outstanding in the third quarter of 2016, compared with non-GAAP net loss per share attributable to common stockholders of $0.07 based on 71.7 million non-GAAP weighted average shares outstanding in the third quarter of 2015.

Key Metrics and Recent Business Highlights
  • 34,457 Active Customer Accounts as of September 30, 2016, compared to 23,822 Active Customer Accounts as of September 30, 2015.
  • Dollar-Based Net Expansion Rate was 155% for the third quarter of 2016, compared to 156% for the third quarter of 2015.
  • Announced the Twilio Enterprise Plan, a new subscription product that provides advanced security, access management and granular administration aimed at meeting the needs of large, complex organizations.
  • Entered into a definitive agreement to acquire the proprietary WebRTC media processing technologies built by the team behind the popular Kurento Open Source Project to accelerate the roadmap for Twilio Programmable Video. The acquisition is expected to close in the fourth quarter of fiscal 2016.
  • Introduced Voice Insights, an analytics product delivering API accessible network and device metrics that provides our customers the operational visibility needed to manage their voice applications globally with confidence.
  • Expanded our SIGNAL conference to London in order to further engage developers across Europe.
  • Completed a follow-on offering for a total of 8,050,000 shares, including 6,358,778 from selling shareholders and 1,691,222 from Twilio.

If you liked this article you might like

Twilio Stock Jumps as Analysts Praise Strong Earnings

Stocks Are Guilty by Association: Cramer's 'Mad Money' Recap (Thursday 7/20/17)

Twilio Is in No-Man's-Land

Top-Ranked Tech Analysts Give Their 10 Best Picks, Including Amazon, Netflix and AMD