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Twilio ($TWLO) has released its earnings for the third quarter, reporting that it generated $71.53 million in revenue with a non-GAAP net loss of 4 cents per share. Revenue was up 62 percent year over year. Wall Street analysts had expected that the company would have $66.77 million in revenue and an EPS loss of 8 cents for the quarter.

It’s not surprising to see today’s results, as Twilio preannounced its earnings last month which was supposed to beat all expectations. The company said that it would have revenue between $70.25 million and $71.25 million with a net loss EPS of between $0.04 and $0.05.

Guidance for the fourth quarter of the year is a non-GAAP net loss of 5-6 cents per share on $72.5-$74.5 million in revenue.

After markets closed, Twilio stock was down 4 percent. The company closed the day down 4 percent at $32.60.

Another statistic that Twilio prereleased was its appeal with developers, who are its target audience. It set expectations that it would have 34,000 active customers, which would be an annual increase of nearly 43 percent. Officially, Twilio said it now has 34,457 active customers.

This is the second quarterly earnings for Twilio, which went public in June with an initial price of $15. And while there was fanfare over the company’s performance and the stock seemed on the rise, it eventually came down, perhaps because of the $400 million secondary offering that was announced in October. With the lock-in period set to expire next month, it may cause some analysts and investors to worry about where the stock is going, especially as early employees want to gain some liquidity from their shares. Certainly had the stock been higher, they would have made gained more from their shares.

Reuters reports that 7 million shares were sold by Twilio on October 20, contributed by existing shareholders.

But Twilio isn’t resting on its laurels when it comes to its platform, and it has made a push towards the enterprise, acquiring the WebRTC technology of Kurento, launching analytic tools around call quality, and creating a plan for I.T. departments to have better security and regulatory controls over apps.

However, while it has shown that it can scale its offering to broaden its appeal, what will Twilio do next to bolster its stock and make investors happy about the company’s future?

Jordan Novet contributed to this story.

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