Twilio Inc. (NYSE:TWLO) stock soared 19.51% on Friday to $134.88 per share following an impressive earnings performance. The company reported a net income of $37.2 million, a significant improvement from a $9.7 million net loss last year. Revenues also increased by 15% to $1.3 billion from $1.13 billion year-on-year.

CEO Khozema Shipchandler stated that Twilio experienced a record revenue and non-GAAP income quarter, prompting an increase in full-year revenue, profitability, and free cash flow targets. The company saw growth across various customer segments and raised revenue growth outlook to 12.4-12.6% and organic revenue growth to 11.3-11.5%.

In addition to strong financial performance, Twilio Inc. (NYSE:TWLO) announced the acquisition of Stytch, Inc., an identity platform for AI agents. The transaction is set to close in mid-November, subject to closing conditions. Despite TWLO’s potential, some AI stocks may offer higher returns and less downside risk.

Read more at Yahoo Finance: Twilio (TWLO) Soars 19.5% on Impressive Earnings