My take on Twilio’s results
I’m in Europe right now and was going to bed when the results came out so this is my first chance to really look at them. To me it looks like a real blow-out quarter!
Adj Earnings of 3 cents beats by 8 cents
Total Revenue of $148 million, up 54%, and up 15% sequentially. Last quarter it was up 12% sequentially. It beat estimates by $17 million (or 13%).
Base Revenue of $135 million, up 54%, and up 15% sequentially.
Dollar-Based Net Expansion Rate of 137%, up from 131% a year ago and from 132% sequentially
Adj gain from operations of $2.2 million, up from losses from operations of $4.7 million a year ago, and of $3.9 million sequentially.
Adj EPS of 3 cents, up from a loss of 5 cents a year ago, and from a loss of 4 cents sequentially.
57,300 Active Customers, up from 43,400 a year ago.
Dollar-Based Net Expansion Rate was 137% for the quarter, compared to 131% a year ago (reflecting loss of Uber a year ago), and up from 132% sequentially.
Note all the sequential gains as well as the yoy gains. It doesn’t get much better than this! No wonder it was up 16% in the aftermarket, although that may be a little exaggerated.