Updated
Updated · MarketWatch · May 1
Twilio shares jump after raised full-year outlook
Updated
Updated · MarketWatch · May 1

Twilio shares jump after raised full-year outlook

8 articles · Updated · MarketWatch · May 1
  • The stock rose 23% to $181.50 in premarket trading as first-quarter revenue climbed 20% to $1.41 billion and profit increased to $90.1 million from $20 million.
  • Twilio lifted its annual sales growth forecast to 14%-15% from 11.5%-12.5% and raised adjusted earnings guidance to $1.08 billion-$1.10 billion, while second-quarter revenue guidance topped FactSet estimates.
  • The latest update builds on an earlier earnings-driven rally tied to demand for AI voice products; before Friday's jump, Twilio shares had gained about 4% so far this year.
As Twilio's stock soars on its AI strategy, why are its CEO and CFO selling millions in shares?
Is Twilio’s AI success a true business transformation or a mask for its razor-thin profit margins?