Twilio (NYSE: TWLO) stock is trading up 0.17% ahead of its earnings results for the first quarter of 2019 today after the market closes. Analysts expect the San Francisco-based tech firm to report earnings of $0.01 per share on revenue of $222.79 million for the first quarter. Watch this space here for live updates.
The results will be benefited by the growth in the active customer accounts. In the last three years, the company has consistently grown its customer base. In the near term, the business is expected to trend at a steady and growing pace. This was due to the 77% growth in the base revenue for the fourth quarter, which remained as an important indicator for investors to gauge the business trends.
For the fourth quarter, Twilio reported a wider loss due to an increase in costs and expenses. Adjusted earnings missed the analysts’ expectations primarily due to an increase in the stock-based compensation and acquisition-related expenses over the prior year. Revenue jumped by 77% year-over-year. As of December 31, 2018, active customer accounts grew 31% to 64,286 accounts over 48,797 accounts reported last year.
For the first quarter, the company had expected revenue in the range of $222 million to $225 million and adjusted earnings in the range of flat to $0.01 per share. Base revenue was projected to be in the range of $212 million to $214 million.
For the full year 2019, Twilio had predicted revenues in the range of $1.06 billion to $1.07 billion and adjusted earnings in the range of $0.08 to $0.11 per share. Base revenue was anticipated to be in the range of $1.02 billion to $1.03 billion. The company has factored in the SendGrid acquisition into the outlook.
(The story will be updated shortly)