Twilio Inc (0LHL.L) Q3 2024 Earnings Report

Twilio reported QQ3 2024 revenue of $1.1336 billion, up 9.7% year over year and 4.7% quarter over quarter, with gross profit of $566.9 million and a gross margin near 50%. Despite revenue growth, GAAP profitability remained pressured, as operating income was a marginal loss of $1.2 million and net income declined to a loss of $9.7 million (EPS -0.061). The quarterly free cash flow was healthy at $189.1 million and operating cash flow reached $204.3 million, underscoring strong cash-generation capability even as the company continues to invest aggressively in R&D and go-to-market activities. Twilio also deployed substantial capital toward share repurchases (~$640.6 million), contributing to a notable shift in capital usage while leaving cash and equivalents at $584.0 million and total cash plus short-term investments around $2.7 billion, supporting liquidity.