Zoom's Q3 Earnings Beat Expectations

Zooms Q3 earnings exceeded expectations, with revenue of $1.23 billion, a 4.4% increase from last year. Non-GAAP profit per share was $1.52, 5.9% higher than predicted. Zoom anticipates similar revenue for Q4, indicating steady growth. Despite slowing annualized revenue growth, Zoom retained 98% of its existing customers spending, highlighting the need for new customers to drive overall growth. The stock rose 1.8% to $80.12 following the announcement.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.