Zoom Beats Q4 Estimates, Announces $1.5B Buyback, But 2025 Outlook Falls Slightly Short
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Zoom reported Q4 earnings and revenue that beat analyst estimates. EPS of $1.42 beat by $0.27; revenue of $1.15B slightly topped forecasts.
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The company announced plans to buy back up to $1.5 billion worth of shares.
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Zoom forecasts Q1 revenue in line with estimates at $1.13 billion. But 2025 revenue outlook of $4.6 billion falls slightly short of $4.66B forecast.
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Zoom now has about 220,400 enterprise customers, up 3.5% year-over-year. Customers contributing over $100k grew 9.8%.
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Zoom faces strong competition from Microsoft Teams and other video conferencing services.