Twilio Inc. (NASDAQ: TWLO) stock plunged by 2.33% at last close while the TWLO stock price declined by 13.21% in the after-hours trading session. Twilio has been used by millions of developers all over the globe to unleash the power of communication to enhance any human experience.
TWLO stock’ Financial Highlights
Twilio announced the financial outcomes for its third quarter of 2021. Given below is the summary:
- The company has generated a revenue of $740.2 million in Q3 2021 which is an increase of 65% y-o-y.
- TWLO calculated GAAP loss from operations of $232.3 million, whereas the GAAP net loss from operations for the third quarter of 2020 was $112.3 million.
- In the third quarter of 2021, non-GAAP income from operations was $8.2 million, relative to $7.3 million in Q3 of 2020.
- In the third quarter of 2021, GAAP net loss was $1.26 based on 177.2 million weighted average shares outstanding, relative to $0.79 based on 147.5 million weighted average shares outstanding in the third quarter of 2020.
Jeff Lawson, Twilio’s co-founder and CEO stated that,
In the third quarter, they produced another quarter of significant scale performance as businesses begin to turn to Twilio in this digital-first era. Twilio Engage, their newest pillar, and the next generation of their customer interaction platform, have them very thrilled. It will enable businesses of all sizes and in any sector to create and optimize hyper-personalized marketing strategies for client acquisition, conversion, and retention across all channels.
Management Changes
On October 25, 2021, George Hu told the company’s administration that he has planned to resign from his rank as COO. He served the company as COO till Oct 27 2021 however he will provide his services as a strategic advisor to the company in order to assist the transition till January 3, 2022. Khozema Shipchandler has replaced Mr. George in the company who initially served as the Chief Financial Officer in the company.
