Twilio (TWLO) earnings for the fourth quarter of 2020

Twilio Shares rose more than 10% in extended trading on Wednesday after the cloud telecom operator reported better-than-expected fourth-quarter results, including surprising adjusted earnings.

Here’s how the company did:

• earnings: 4 cents a share, restated, versus a loss of 8 cents a share, as forecast by analysts, according to Refinitiv.
• he won: $ 548.1 million, compared to $ 454.8 million analysts had expected, according to Refinitiv.

Revenue grew 65% year-over-year in the quarter, according to A. statement, Compared to a 52% growth in Previous quarter.

Twilio added 13,000 active customer accounts in the fourth quarter, bringing the total to 221,000, compared to an increase of 8,000 in the third quarter. The company provides tools that developers can use to add text messages, voice and video calls, emails, and other functions to the applications. Twilio also offers a cloud-based call center program that companies can rely on for their agents’ interactions with customers.

Josema Shepchandler, the company’s chief financial officer, said in a conference call with analysts that political activity contributed $ 23 million in revenue for the quarter.

In terms of guidance, Twilio sees a revised loss of 12 cents to 9 cents per share on $ 526 million revenue to $ 536 million in the first quarter, meaning revenue growth of 44% to 47%. Analysts in a Refinitiv poll expected a revised loss of 2 cents per share on $ 492.1 million in revenue.

Despite the after-hours movement, Twilio shares are up nearly 22% since the start of the year, compared to a less than 5% increase for the S&P 500 over the same period.

This is breaking news. . Please check back for updates

Watch: Twilio CEO Jeff Lawson talks about social media companies that monitor content