Twilio Inc. reported conservative second-quarter guidance last week.
On Wednesday, Twilio reported an adjusted first-quarter EPS loss of $1.23, missing consensus analyst estimates of a 21-cent loss. Revenue for the quarter was $875.4 million, beating analyst expectations of $864 million. Revenue was up 48 percent from a year ago.
Twilio reported 268,000 active customer accounts as of March 31, up from 235,000 a year ago. The company reported $32.2 million in revenue from Zipwhip, which it acquired in July 2021 for $850 million.
Looking ahead, Twilio guided for second-quarter revenue of between $912 million and $922 million, short of Wall Street estimates of $921 million.
Profitability Concerns
Morgan Stanley analyst Meta Marshall said investors have been concerned about Twilio’s gross margins and profitability potential in recent quarters.
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