Earnings Results: Twilio’s stock tumbles as quarterly loss, outlook spook investors

by | Nov 4, 2022 | Stock Market

Shares of Twilio Inc. tumbled 22% in extended trading Thursday after the customer-engagement technology company reported mixed fiscal third-quarter results that met Wall Street analysts’ forecasts, but a hefty quarterly loss and sales forecast seemed to spook investors. “Like many companies, we are facing some short-term headwinds, but the long-term opportunity remains strong as companies continue building their customer engagement strategies, become more efficient, and aim to build better and more personalized relationships with their customers,” Twilio Chief Executive Jeff Lawson said in a statement announcing the results.

reported a net loss of $482.3 million, or $2.63 per share, compared with a net loss of $224.1 million, or $1.26 a share, in the year-ago quarter. Adjusted earnings were a loss of 27 cents a share. Revenue catapulted 33% to $983 million from $740.2 million a year ago. Analysts surveyed by FactSet had expected a net loss of 39 cents a share on revenue of $974 million. Twilio shares have cratered 75% far this year; the broader S&P 500 index
has declined 22% in 2022. Twilio forecast between $995 million and $1 billion in fourth-quarter revenue, while FactSet estimates are for $1.1 billion. During a marathon investor-da …

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