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| Zoom revenue quadrupled again |
Zoom video conferencing revenue doubled again, reporting third-quarter revenue of $ 777.2 million, more than four times the revenue for the same period last year.
This quarter, the platform's revenue quadrupled in the second quarter, and Zoom expects fourth-quarter revenue to quadruple year-over-year.
At the start of the pandemic, Zoom became the most popular video conferencing platform and was able to follow the deal even as the number of other competing services (such as Google Meet, Slack, and Microsoft Teams) increased and experimented. Draw attention to yourself.
Zoom didn't mention the total number of users, but its paid customer metrics continue to grow.
The company currently has 433,700 subscribers, up from 370,200 in the fourth quarter, an increase of 485% over the same period last year and a 17% increase over the second quarter.
Since last year, the number of clients making over $ 100,000 has increased from 1,000 to nearly 1,300.
Zoom plans to continue releasing large amounts of data in the next quarter, but there are signs that the era of rapid and explosive growth is over.
The company again warned that it will cause more than usual losses to customers before the end of the year, and despite the significant increase in sales, sales growth appears to have stabilized.
The biggest test comes because Zoom may have to deal with a personal comeback, which can affect its clients' reliance on videoconferencing.
Zoom operates some of its own data centers, but it also relies on third-party cloud computing services (like Amazon and Oracle), which means it has to pay users for free.
The company has warned that as the number of free users of video conferencing services continues to increase, it is difficult to offset the high costs required to maintain growth. The gross profit will continue to be under pressure in 2021.
Zoom expects fourth-quarter revenue to range between $ 806 million and $ 811 million, before third-quarter revenue ending October 31 increases by 367% to $ 777. $ 2 million, beating analysts' expectations.