Twilio (TWLO) Soars 19.5% on Impressive Earnings

We recently published 10 Firms Dominating the Market; 5 at All-Time Highs. Twilio Inc. (NYSE:TWLO) is one of the best-performing stocks on Friday.

Twilio grew its share prices by 19.51 percent on Friday to close at $134.88 apiece as investors cheered an impressive earnings performance and a higher growth outlook for the fiscal year 2025.

In an updated report, Twilio Inc. (NYSE:TWLO) said it swung to a net income attributable to shareholders of $37.2 million from a $9.7 million net loss in the same period last year. Revenues grew by 15 percent to $1.3 billion from $1.13 billion year-on-year.

“Twilio saw another record quarter of revenue and non-GAAP income from operations and as a result, we’ve raised our revenue, profitability and free cash flow targets for the full year,” said Twilio Inc. (NYSE:TWLO) CEO Khozema Shipchandler.

Twilio (TWLO) Soars 19.5% on Impressive Earnings

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“We saw broad-based strength across customer segments, ranging from startups to enterprises to ISVs, that continue to choose Twilio to power their customer engagement. Our team is looking to finish the year off strong by helping our customers build relationships that grow stronger and more meaningful with every engagement,” he added.

Among other key growth metrics, Twilio Inc. (NYSE:TWLO) raised its revenue growth outlook to a range of 12.4 to 12.6 percent, versus the 10 to 11 percent previously.

Organic revenue growth was also pegged to grow by 11.3 to 11.5 percent, higher than the 9 to 10 percent prior.

On Thursday, the company also entered into a definitive agreement to acquire Stytch, Inc., an identity platform for AI agents built for developers. The transaction is expected to close in the middle of November, subject to closing conditions.

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Disclosure: None. This article is originally published at Insider Monkey.