Twilio stock surged Wednesday afternoon on fourth-quarter revenue that blew past estimates as the company also projected profitability on an adjusted basis by 2023. The March-quarter revenue guidance of TWLO stock also came in well above expectations.
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As a result, Twilio (TWLO) shares surged 24% to near 250 in extended trading on the stock market today.
Amid an acquisition spree, Twilio said it lost 20 cents per adjusted share vs. a 4-cent profit in the year-earlier period. But revenue jumped 54% to $842.7 million, including acquisitions, the communications software maker said. Excluding acquisitions, revenue jumped 39%.
Twilio stock analysts estimated the company would report a 21-cent loss on revenue of $773.4 million. The San Francisco-based company reported earnings after the market close on Wednesday.
For the current quarter ending in March, Twilio said it expects…
