Zoom saw a huge increase in subscribers — and revenue — thanks to the pandemic | The Verge

acastro_200331_1777_zoom_0001.0.0 Zoom saw a huge increase in subscribers — and revenue — thanks to the pandemic | The VergeIllustration by Alex Castro / The Verge

Zoom had a blockbuster quarter as its app became the hottest videoconferencing service of the pandemic. In an earnings report today, Zoom reported making $328 million in revenue during its February–April quarter. That’s up far more than double from the same time last year, when it made $122 million, and it comes in well above the $200 million that Zoom expected it would make when it issued guidance just a few months ago.

Zoom doesn’t say exactly how many people used its software over the past few months, but the company claims it added an “unprecedented number of free participants,” including more than 100,000 K-12 schools. Zoom now has around 265,400 customers with more than 10 employees, a number that’s grown 354 percent, the company…

Continue reading…

Leave a Reply