Twilio announced robust financial results for its third quarter ended September 30, 2024, reporting revenue of $1,134 million, a 10% increase year-over-year. The company achieved a non-GAAP income from operations of $182 million, representing a 16.1% margin, and generated $189 million in free cash flow, a 17% margin.
The company's GAAP loss from operations was $(5) million, or -0.4% margin, with a GAAP net loss attributable to common stockholders of $(10) million, or $(0.06) per share. Non-GAAP net income attributable to common stockholders reached $164 million, or $1.02 per diluted share.
Twilio raised its full-year 2024 organic revenue growth guidance to 7.5%-8% from the previous 6%-7%. It also increased its non-GAAP income from operations range to $700-$710 million and its free cash flow guidance to $650-$675 million, signaling confidence in its operational discipline and focused innovation.
For the fourth quarter ending December 31, 2024, Twilio initiated guidance expecting revenue between $1,150 million and $1,160 million, representing 7%-8% year-over-year growth. Non-GAAP income from operations is projected to be between $185 million and $195 million, with non-GAAP diluted earnings per share between $0.95 and $1.00.
The company also confirmed it has completed over $2.7 billion of aggregate share repurchases and is targeting to complete the remaining balance of authorized repurchases before the end of 2024. This reflects a commitment to returning capital to shareholders and improving financial efficiency.
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