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Twilio sets revenue record in Q3.
Image: Twilio.

Twilio published its third quarter financial results on Wednesday, beating Wall Street's revenue expectations and surpassing $100 million in quarterly sales for the first time.

The cloud-based communications company reported a non-GAAP net loss of 8 cents per share, based on 92.2 million weighted average shares outstanding in the third quarter. By comparison, in Q3 2016, the company reported a non-GAAP net loss of 4 cents per share based on 83.9 million weighted average shares outstanding.