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Number of customers contributing at least $100,000 in revenue rose 94% year over year Total revenue jumped 35%, to $1.05 million, year over year Here are some of the earnings highlights from Zoom’s third quarter for the fiscal year 2022, ending Oct. Additional revenue is generated from product sales, including Zoom Video Webinars, Zoom Phone and Zoom Rooms.
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Zoom generates income from subscriptions to its products, with hosts paying to use the service. Users can access video, voice, content sharing and chat via the Zoom platform, which extends from desktops and telephones to mobile and room systems. Particularly in the COVID-19 era, Zoom strives to bring business teams together so they can still get things done, even when they can’t be in the same physical location. Zoom aims to make interpersonal communication easier and more fun via its cloud-based video conferencing platform. Key Product Lines Contributing To Revenue Formerly the engineer behind Cisco’s WebEx video-conferencing business, Yuan set out to create a product that was as adept at linking corporate boards across the world as it was uniting families over a laptop on a kitchen table.Īccording to Forbes, the Zoom founder’s net worth is $9.2 billion as of Dec.
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Yuan Net WorthĮric Yuan was born in China and moved to Silicon Valley in 1997. It’s a more conservative valuation than most, taking into account only full-year profits and revenue from the last three years and the company’s assets and debts.īy this GOBankingRates metric, Zoom’s net worth is currently over $5.63 billion. The GOBankingRates company net worth is a calculation of a company’s worth based solely on concrete, measurable figures like assets and revenue. GOBankingRates uses company data to calculate net worth in a slightly different manner. Of course, methods of determining the value of a company are wide and varied, each with its own merits and blind spots. GOBankingRates’ Evaluation of Zoom Net Worth As of th e end of Zoom’s fiscal year 2021, the company’s value was $5,636,865,833. In its simplest form, net worth is simply a company’s assets minus its liabilities. With such a wide fluctuation in share price, Zoom’s market cap has also been extremely variabl e and currently sits at $50 billion. Here is Zoom’s share price range over the past 52 weeks: Although an increase in outstanding shares could also increase its market cap, that type of change occurs far less frequently than a change in share price, which can occur in less than one second. Zoom’s market cap varies from moment to moment based primarily on its share price. The P/E ratio also relies heavily on a company’s earnings, which some investors feel is a more important determinant of a company’s valuation. It doesn’t take into account any of the direct financial metrics of the company, such as earnings per share, growth rate or book value.īy way of comparison, the price/earnings ratio, which is another popular valuation method, is also closely tied to a company’s market share price. For starters, market cap changes frequently, and it’s closely tied to the company’s current share price. Market cap does have its drawbacks as an evaluation method, however. Zoom currently h as 242.2 million shares outstanding, so 242.2 million times the closing stock price of $184.57 on Dec. So, for example, if a company has issued 1 million shares of stock and its share price is $50, the company has a market capitalization of $50 million. Market capitalization is simply the number of outstanding stock shares a company has issued times its current market price. Market pundits use this figure to express how much a company is worth. 13, 2021, Zoom shares were trading at $184.57, putting the company’s market capitalization at $55 billion. At its most recent close nearly a year later, on Dec. 12, 2020 before settling down to $337.32 by the end of December. 6, 2020, Zoom’s share price reached a high closing price of $559 on Oct. In fact, the pandemic has worked to the company’s advantage, driving Zoom’s share price to stratospheric levels in 2020.įrom a low o f $73.09 on Jan. The coronavirus pandemic has created hardship for many companies and individuals, but not for Zoom.