Zoom projected revenue for 2021 at about $ 4 billion

News

Zoom projected revenue for 2021 at about $ 4 billion

09.06.2021 News

The company, which was boosted by the coronavirus pandemic, continues to grow customers despite declining video conferencing.

From February to April, 497 thousand organizations bought the premium version of Zoom, which is almost 30 thousand more than in the period from November to January. Although these data suggest a slowdown in customer growth, as from February to April 2020 it exceeded 183 thousand.

Annual revenue of $ 4 billion will be almost 50% higher than in 2020, for which Zoom’s revenue has quadrupled.

Earlier, the company’s share price fell more than 40% after reaching a peak of $ 589 amid uncertainty about its future after the pandemic. Zoom’s current capitalization is nearly $ 100 billion.

At the same time, the corporation’s revenues grew compared to the periods from February to April 2020 and 2021. Last year they amounted to $ 27 million, and this year they reached $ 227 million.

 

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