In its first earnings release as a public company, Twilio reported revenue of $64.5 million for the second quarter of 2016, up 70% from the second quarter of 2015 and 9% sequentially from the first quarter of 2016. Base revenue of $56.4 million for the second quarter of 2016, up 84% from the second quarter of 2015 and 13% sequentially from the first quarter of 2016. GAAP loss from operations of $10.9 million for the second quarter of 2016, compared with GAAP loss from operations of $9.5 million for the second quarter of 2015.
“We delivered strong results in our first quarter as a public company, as we saw continued growth across our product lines,” said Jeff Lawson, Twilio’s Co-Founder and Chief Executive Officer. “Customers around the world use Twilio to build differentiated experiences for their end users by embedding communications into their software applications. The successful completion of our IPO in June will provide additional capital and brand visibility to drive our growth in the future as we look to fuel the future of communications.”
Second Quarter 2016 Financial Highlights
A few metrics and recent highlights
- 30,780 Active Customer Accounts as of June 30, 2016, compared to 21,226 Active Customer Accounts as of June 30, 2015.
- Dollar-Based Net Expansion Rate was 164% for the second quarter of 2016, compared to 149% for the second quarter of 2015.
- Became a featured partner of Facebook Messenger and announced integration into the Messenger platform.
- Launched Twilio Notify, an API for orchestrating notifications across SMS, push notifications, and messaging applications.
- Introduced Twilio Programmable Wireless, the first communications platform designed for developers and businesses to easily program cellular connectivity.
- Expanded our relationship with Amazon Web Services to include delivery of SMS messages for AWS’s Simple Notification Service.
- Launched Sync, a real-time state synchronization API.
Twilio’s Completes IPO
Twilio announced the pricing of its public offering of 10,000,000 shares of Class A common stock at a price of $15.00 per share. The shares are expected to begin trading on the New York Stock Exchange on June 23, 2016 under the symbol “TWLO.”
Twilio’s platform enables developers to embed real-time communication and authentication capabilities directly into their software applications. The company was founded in 2008 and has over 500 employees, with headquarters in San Francisco and other offices in Bogotá, Dublin, Hong Kong, London, Mountain View, Munich, New York City, Singapore and Tallinn.
- Twilio was founded by Jeff Lawson, previously a Product Manager for Amazon Web Services, and Evan Cooke, previously a Postdoctoral research fellow in network security and distributed systems at the University of Michigan.
