Start Time: 17:00 January 1, 0000 6:03 PM ET

Twilio, Inc. (NYSE:TWLO)
Q3 2024 Earnings Call
October 30, 2024, 17:00 AM ET

Company Participants

Khozema Shipchandler - CEO
Aidan Viggiano - CFO
Bryan Vaniman - SVP of IR

Conference Call Participants

Arjun Bhatia - William Blair
Jim Fish - Piper Sandler
Rich Magnus - Wolfe Research
Taylor McGinnis - UBS
Ryan MacWilliams - Barclays
Meta Marshall - Morgan Stanley
Rich Poland - Wells Fargo
Nick Altmann - Scotiabank
Billy Fitzsimmons - Jefferies

Operator

Good day, and thank you for standing by. Welcome to Twilio, Inc. Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]. Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Bryan Vaniman, SVP of Investor Relations. Please go ahead.

Bryan Vaniman

Good afternoon, everyone, and thank you for joining us for Twilio's third quarter 2024 earnings conference call. Joining me today are Khozema Shipchandler, Chief Executive Officer; and Aidan Viggiano, Chief Financial Officer.

As a reminder, we will disclose non-GAAP financial measures on this call. Definitions and reconciliations between our GAAP and non-GAAP results can be found in our earnings release and our earnings presentation posted on our IR website at investors.twilio.com.

We will also make forward-looking statements on this call, including statements about our future outlook and goals. Such statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those described. Many of those risks and uncertainties are described in our SEC filings, including our most recent Form 10-K and our forthcoming Form 10-Q.

Forward-looking statements represent our beliefs and assumptions only as of the date such statements are made. We disclaim any obligation to update any forward-looking statements, except as required by law.

And with that, I'll hand it over to Khozema and Aidan, who will discuss our Q3 results, and then we'll open the call for Q&A.

Khozema Shipchandler

Thank you, Bryan. Good afternoon everyone and thank you for joining us today. Twilio delivered a strong third quarter. We exceeded our Q3 guidance delivering 1.134 billion in revenue, up 10% year-over-year and generated $182 million in non-GAAP income from operations. We also delivered another strong quarter of cash generation with $189 million of free cash flow. I'm encouraged to see the acceleration to double digit revenue growth this quarter, alongside strong operating leverage and continued product innovation. Our commitment to financial discipline, operating rigor and innovation remain key guideposts for the team, and I'm proud of what we accomplished in Q3.