Twilio reports Q3 revenue up 15% YoY to $1.3B vs. $1.25B est., forecasts Q4 sales above est., agrees to buy identity platform Stytch; TWLO jumps 8%+ after hours (Chris Ciaccia/Seeking Alpha)
PositiveArtificial Intelligence

Twilio has reported a strong Q3 revenue increase of 15% year-over-year, reaching $1.3 billion, surpassing estimates of $1.25 billion. This positive performance has led the company to forecast Q4 sales above expectations and agree to acquire the identity platform Stytch. Following this news, Twilio's stock jumped over 8% in after-hours trading. This growth is significant as it reflects Twilio's robust demand and strategic expansion, which could enhance its market position and investor confidence.
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