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July 30, 2021, 8:43 a.m. EDT

Twilio beats revenue, earnings estimates

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By Jon Swartz

Twilio Inc.’s stock was initially down 2% in extended trading Thursday after the company announced second-quarter results.

“Our strong momentum continued in the second quarter as our revenue growth accelerated at a run rate of more than $2.6 billion,” Twilio Chief Executive Jeff Lawson said in a statement announcing the results.

Twilio /zigman2/quotes/205796518/composite TWLO -2.47% reported a net loss of $227.9 million, or $1.31 a share, vs. net income of $99.9 million, or 71 cents a share, in the year-ago quarter. The company reported adjusted net loss of 11 cents a share.

Revenue bolted 67% to $668.9 million from $400.8 million a year ago.

Analysts surveyed by FactSet had expected a net loss of 13 cents a share on revenue of $599 million.

“Moving forward, I’m watching for stronger bottom line earnings to follow, but it’s clearly a company in growth mode with a bright future,” Daniel Newman, principal analyst at Futurum, told MarketWatch.

Twilio’s shares are up 15.5% so far in 2021. The broader S&P 500 index  /zigman2/quotes/210599714/realtime SPX -0.07%  has gained 18% this year.

/zigman2/quotes/205796518/composite
US : U.S.: NYSE
$ 340.36
-8.63 -2.47%
Volume: 475,308
Sept. 24, 2021 11:23a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$61.82 billion
Rev. per Employee
$841,747
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/zigman2/quotes/210599714/realtime
US : S&P US
4,445.66
-3.32 -0.07%
Volume: 590.89M
Sept. 24, 2021 11:24a
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