Twilio Inc. (NYSE:TWLO) Q4 2022 Earnings Call Transcript

Jeff Lawson: Yes. Thanks, Pat. I mean, look, all along, we run this business as owners and for the benefit of all of our shareholders. And we’re focused on driving attractive growth, lowering OpEx, increasing profitability. And we’ve extensively engaged with our shareholders over the last several months and over the whole time we’ve been public. Help inform the actions that we take as management in terms of balancing growth, balancing our customers’ needs, our employees’ needs, our shareholders’ needs. And our goal is to create value for our shareholders, and we believe the strategy that we’re executing is going to do that. And when I think about it from the perspective of a newly public company, when we put this in place just prior to our IPO, I think the idea is for a young company to get its feet as a public company.

And that’s why we thought of it with an expiration that was seven years in the future. Now at that time, that felt like a long ways off. And here we are. And so, I think that it did its job to get us on our footing as a public company. During that whole time, we’re able to listen to our shareholders. We’re able to make decisions as a young public company. And now having the benefit of seven years in the public market, that will come off. And the scheduled expiration of our dual class really doesn’t change any of that — any of those ways in which we’ve run the company. And so that’s how I think about it as a founder, as a CEO and as a fiduciary of the company.

Patrick Walravens: Got it. Very helpful. Thank you.

Operator: This concludes our Q&A for this portion of today. I turn the call back to the speakers for any closing remarks.

Bryan Vaniman: Thank you all for joining us today, and we will speak again soon.

Operator: Thank you for attending. You may now disconnect.