Cloud communications platform Twilio aims to sustain revenue growth in the first quarter of 2022 even after posting wider losses in the previous quarter, the firm announced in a filing.
- Fourth-quarter loss from operations stood at $283.6 million, wider than the $185.3-million loss the previous year. Net loss per share also increased to $1.63 from the $1.3 net loss recorded in the same quarter in 2020.
- Revenue for the quarter increased by 54% to $842.7 million, including $57.4 million from its Twilio segment and $31.8 million from Zipwhip. Organic revenue climbed by 34% from the previous year.
- Full-year loss from operations stood at $915.584 million, up from $492.901 million in 2020, bringing the net loss per share to $5.45 from $3.35. Revenues jumped to $2.841 billion from $1.761 billion.
- Twilio expects first-quarter 2022 revenue to grow by 45% to 47% to range between $855 million to $865 million and loss from operations between $32 million and $27 million.
Twilio ended 2021 with a total of 256,000 active customer accounts, up from 221,000 in 2020. TWLO is up 18.19% premarket.