The company said revenue for the 3 months ended June 30, 2024 was $1.08 billion ($1.04 billion in the same period last year), and net loss was $31.9 million ($166.2 million a year earlier).

10-QQuarterly reportFiled Aug 1, 2024Period of report Jun 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said revenue for the 3 months ended June 30, 2024 was $1.08 billion ($1.04 billion in the same period last year), and net loss was $31.9 million ($166.2 million a year earlier).
Twilio said Communications revenue for Q2 2024 rose $42.8 million (4%), and Segment revenue rose $2.0 million (3%). It cited a $24.8 million decline in Communications revenue tied to the divestitures of its Internet of Things and ValueFirst businesses as a partial offset.
The company said research and development expenses for Q2 2024 rose $16.8 million (7%), while sales and marketing expenses fell $44.0 million (17%) and general and administrative expenses fell $20.9 million (15%). It cited the $13.9 million increase in bonus expenses from its new cash bonus program as a factor in the rise in research and development expenses.
Twilio said it repurchased $1.3 billion (21.4 million shares) of its common stock on the open market in the 6 months ended June 30, 2024. As of June 30, 2024, cash and cash equivalents totaled $755.1 million, and short-term marketable securities totaled $2.4 billion.

Key figures

Quarter ended June 30, 2024

Revenue: $1.1B
Operating income: −$19M
Net income: −$32M
EPS: −$0.19
Gross profit: $556M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q2 2024 Revenue and Net Loss

The company said revenue for the 3 months ended June 30, 2024 was $1.08 billion ($1.04 billion in the same period last year), and net loss was $31.9 million ($166.2 million a year earlier).

Source · Based on the MD&A text of the filing

Communications and Segment Revenue Changes

Twilio said Communications revenue for Q2 2024 rose $42.8 million (4%), and Segment revenue rose $2.0 million (3%). It cited a $24.8 million decline in Communications revenue tied to the divestitures of its Internet of Things and ValueFirst businesses as a partial offset.

Source · Based on the MD&A text of the filing

Q2 Changes in Operating Expenses by Category

The company said research and development expenses for Q2 2024 rose $16.8 million (7%), while sales and marketing expenses fell $44.0 million (17%) and general and administrative expenses fell $20.9 million (15%). It cited the $13.9 million increase in bonus expenses from its new cash bonus program as a factor in the rise in research and development expenses.

Source · Based on the MD&A text of the filing

2024 First-Half Share Repurchases and Cash Position

Twilio said it repurchased $1.3 billion (21.4 million shares) of its common stock on the open market in the 6 months ended June 30, 2024. As of June 30, 2024, cash and cash equivalents totaled $755.1 million, and short-term marketable securities totaled $2.4 billion.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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