Zoom Communications has announced financial results for the third fiscal quarter ending 31 October 2024.
Total revenue for the third quarter was $1,177.5 million, up 3.6 per cent year over year. Enterprise revenue was $698.9 million, up 5.8 per cent year over year, and online revenue was $478.7 million, flat year over year.
The company has also changed its corporate name from Zoom Video Communications Inc. to Zoom Communications Inc.
Eric S. Yuan, founder and CEO, Zoom, said, “In Q3, we were pleased to see revenue and enterprise revenue growth improve to approximately 4 per cent and 6 per cent year over year, respectively, and online monthly average churn reach an all-time low of 2.7 per cent.
“At Zoomtopia we announced major milestones such as AI Companion 2.0 and paid add-ons for AI Companion and industry-specific AI customisation, further cementing our vision to deliver a differentiated AI-first work platform that empowers customers to achieve more than ever.”
The company said drivers of total revenue included acquiring new customers. At the end of the third quarter of fiscal year 2025, Zoom had 3,995 customers contributing more than $100,000 in trailing 12 months revenue, up 7.1 per cent from the same quarter last fiscal year. The company also had approximately 192,400 Enterprise customers.
Zoom expects total revenue for fiscal year 2025 to be between $1.175 billion and $1.180 billion and revenue in constant currency is expected to be between $1.174 billion and $1.179 billion.