EarningsThere is likely disappointment stemming from this quarter’s growth decelerating to 19%, a smaller beat than historical levels, and a muted growth outlook to close out the year.
GuidanceReiterated 'conservative' F24 guidance, however, implies a cut to 4Q consensus and weighed heavily on the stock following a strong run into earnings.
RevenueBacking out political rev and A2P fees, 'core' 2Q SMS/voice rev growth of 5.5% y/y slowed from 16% and 10% y/y the past 2 Qs.