Twilio(NYSE: TWLO)is ready for its close-up. The in-app communications specialist reports fresh financials after Monday’s close. If investors are getting jittery, it’s hard to blame them: Twilio shares plummeted 26% the day after it posteddisappointing first-quarter resultslast time out.
Twilio stock has gone on to make back nearly half of that slide since its early May report. The biggest dagger in Twilio’s poorly received first quarter was the warning that Uber would be relying less on Twilio’s platform in some markets. There’s no shortage of developers leaning on Twilio for their cloud-based communications needs, but Uber still accounted for more than 10% of its revenue last year.