Twilio reported Q3 revenue of $1.56 billion, a 20% increase year-over-year, surpassing estimates of $1.52 billion. Despite a net income surge of 333% to $161 million, the company's guidance for slower Q4 revenue growth led to a significant drop in shares after hours.

US employers unexpectedly cut jobs in July, raising questions about the impact of AI on the labor market. Bloomberg's Ed Ludlow discusses the latest jobs data and features insights from the CEOs of Twilio, Lyft, and DraftKings regarding their recent earnings.

Twilio shares surged after the cloud communications company beat expectations and delivered record profitability and free cash flow. CEO Khozema Shipchandler joins Bloomberg to explain why AI is still only a modest contributor to revenue today, how Twilio’s global communications infrastructure creates opportunities for future growth.

Twilio stock jumped amid Q2 earnings and revenue that topped estimates while September quarter sales guidance came in above views.