Twilio reports Q1 revenue up 20% YoY to $1.41B, vs. $1.34B est., and forecasts Q2 revenue above estimates; TWLO jumps 17%+ after hours (Reinhardt Krause/Investor's Business ...)
Twilio reported first-quarter revenue of $1.41 billion, a 20% year-over-year increase and above the estimated $1.34 billion. The company also provided a Q2 revenue forecast that exceeded market expectations. Following the earnings release, Twilio's stock rose more than 17% in after-hours trading.
- ▪Twilio's Q1 revenue reached $1.41 billion, up 20% compared to the same period last year.
- ▪The reported revenue surpassed the consensus estimate of $1.34 billion.
- ▪Twilio's forecast for second-quarter revenue is above analysts' expectations.
- ▪Shares of Twilio (TWLO) climbed over 17% in after-hours trading following the earnings announcement.
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