Zoom Exceeds Q3 Estimates Driven by AI Enterprise Growth
Zoom Video Communications reported stronger-than-expected fiscal third-quarter results, with revenue climbing 4.4% to a record $1.23 billion. Adjusted earnings reached $1.52 per share, surpassing analyst estimates of $1.44 per share and $1.21 billion in revenue.
The company continues diversifying beyond videoconferencing with expansions into business phone systems and contact center software. At its September conference, Zoom unveiled an upgraded AI assistant featuring customizable tools available for $12/month, signaling its push into enterprise AI solutions.
CEO Eric Yuan anticipates accelerated adoption of the AI Companion platform, though the earnings release did not specify cryptocurrency-related applications. The results highlight Zoom's successful pivot toward diversified business communication tools amid post-pandemic market normalization.