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.
reported a net loss of $227.9 million, or $1.31 a share, vs. net income of $99.9 million, or 71 cents a share, in the year-ago quarter. The company reported adjusted net loss of 11 cents a share.
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.
Twilio’s shares are up 15.5% so far in 2021. The broader S&P 500 index
has gained 18% this year.