From GlobeNewswire: 2024-11-25 16:05:00

Zoom Communications, Inc. reported third quarter total revenue of $1,177.5 million, up 3.6% year over year. Enterprise revenue was $698.9 million, up 5.8% year over year. GAAP operating margin was 15.5% and non-GAAP operating margin was 38.9%. The number of customers contributing more than $100,000 in revenue increased by 7.1% year over year. The company repurchased approximately 4.4 million shares of common stock in the third quarter and increased total common stock repurchase authorization by $1.2 billion, with $2.0 billion remaining for repurchase.

Zoom’s founder and CEO, Eric S. Yuan, announced major milestones at Zoomtopia, including AI Companion 2.0 and paid add-ons for AI Companion. Revenue and enterprise revenue growth improved to approximately 4% and 6% year over year. Online monthly average churn reached an all-time low of 2.7%. Zoom Contact Center secured a record deal and Workvivo landed its largest deal ever.

For the third quarter of fiscal year 2025, Zoom reported total revenue of $1,177.5 million, up 3.6% year over year. GAAP income from operations was $182.8 million, with a non-GAAP income from operations of $457.8 million. GAAP net income was $207.1 million, or $0.66 per share, while non-GAAP net income per share was $1.38.

Zoom provided financial outlook for the fourth quarter of fiscal year 2025 and full fiscal year 2025. Fourth quarter revenue is expected to be between $1.175 billion and $1.180 billion. Full fiscal year revenue is expected to be between $4.656 billion and $4.661 billion. Non-GAAP income from operations for the full fiscal year is expected to be between $1.813 billion and $1.818 billion.

Zoom’s Board of Directors authorized the repurchase of an additional $1.2 billion of Zoom’s outstanding Class A common stock, in addition to the remaining $2.0 billion for repurchase. The company’s stock repurchase program may be funded using its working capital and may be suspended or discontinued at any time at Zoom’s discretion.

Zoom will host a Zoom Video Webinar for investors on November 25, 2024, at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The company’s mission is to provide one platform that delivers limitless human connection, with a focus on AI Companion and Business Services.



Read more at GlobeNewswire:: Zoom Communications Reports Financial Results for the Third