Zoom beat Wall Street expectations with strong Q3 earnings and revenue growth driven by enterprise demand. The company highlighted momentum in its AI-first strategy, including increased adoption of AI Companion 3.0 and its Customer Experience suite. Shares gained in after-hours trading as Zoom raised its full-year outlook.
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00:02Zoom beat Wall Street expectations for the third quarter as adjusted earnings rose to $1.52 per share at $1.23 billion in revenue, according to Benzinga Pro.
00:10Total revenue rose 4.4% year-over-year, driven by 6.1% growth in enterprise revenue and 2% growth in online revenue.
00:18Zoom reported 2.7% online monthly average churn and said it now has 4,363 customers, generating over $100,000 in trailing 12-month revenue, up 9.2% year-over-year.
00:30CEO Eric Wan said the company is advancing its AI-first strategy with growing adoption of AI Companion 3.0 and strong momentum in its customer experience suite.
00:39Zoom guided its fourth quarter revenue to $1.23 billion to $1.235 billion and lifted its full-year revenue and adjusted earnings outlook.
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