Fourth-quarter revenue reached $1.57 billion, up by 22% year-over-year, driven by an increase in advertiser demand and solid sales execution.
Disney also reported a strong quarter, beating Wall Street estimates on both top and bottom lines.
Following the stock market opening on Thursday, the S&P 500, Dow, and Nasdaq are trading 0.88%, 0.37%, and 1.45% lower.
This would likely put more pressure on the markets, with tech stocks, in particular, feeling a lot of pressure since the start of the year.
The CPI would also be a key metric for markets since inflation is normally seen as a direct trigger for the Fed’s first pandemic-era interest rate hike.
Notably, this seems to be the result of the cloud tech company posting solid numbers in its latest quarterly.
As businesses interact with consumers in the digital space more than ever, TWLO stock could be worth watching.
Firstly, Datadog posted an earnings per share of $0.20 on revenue of $326.2 million for the quarter.
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