Twilio Inc.’s stock was initially down 2% in extended trading Thursday after the company reported second-quarter results.
“Our strong momentum continued in the second quarter as our revenue growth accelerated at a run rate of more than $2.6 billion,” Twilio Chief Executive Jeff Lawson said in a statement announcing the results.
“The digital landscape is more important than ever, and the privacy trends — which are needed — mean the tactics of yesteryear don’t work anymore,” Lawson told MarketWatch after the results were announced. “Every company has to up its game in digital transformation during the pandemic.”
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Revenue bolted 67% to $668.9 million from $400.8 million a year ago.
Analysts surveyed by FactSet had expected a net loss of 13 cents a share on revenue of $599 million.
“Moving forward, I’m watching for stronger bottom line earnings to follow, but it’s clearly a company in growth mode when a bright future,” Daniel Newman, principal analyst at Futurum, told MarketWatch.
Twilio’s shares are up 15.5% so far in 2021. The broader S&P 500 index
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