RTTNews | Feb 18, 2021 10:02AM EST

10:01 Thursday, February 18, 2021 (RTTNews.com) - Twilio Inc. (TWLO) shares are trading higher on Thursday after its fourth quarter revenue soared 65 percent.

The company reported a net loss attributable to stakeholders of $490.98 million, wider than net loss of $307.06 million in the previous year. However, on an adjusted basis, it earned $35.65 million.

Revenue for the quarter increased to $1.761 billion from $1.134 billion a year ago.

Currently, shares are at $449.92, up 9.30 percent from the previous close of $411.65. For the 52-week period, the shares have traded in a range of $68.06-$457.03 on average volume of 2,017,452.

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