zoom-profits

Is Zoom Profitable?

In 2022, Zoom generated over $1.37 billion in profits, compared to over $672 million in profits in 2021. Zoom has been profitable since 2019.

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Who Owns Zoom?

who-owns-zoom
Zoom’s principal private shareholders comprise Eric S. Yuan, a Chinese-American billionaire businessman that founded Zoom. Dan Scheinman, board member and angel investor in Zoom since the start, and Santiago Subotovsky, also an early investor in Zoom. Zoom follows a freeterprise business model where free accounts are channeled into enterprise customers.

Zoom Competitors

zoom-competitors
Zoom is a video platform, which enabled remote working. As such it competes with other large tech players like Google and Microsoft for the productivity space, and other startups like Slack and Go-To-Meetings.

Zoom Business Model

zoom-business-model
Zoom is a video communication platform, which mission is to “make video communications frictionless.” Leveraging on the viral growth from its freemium model, Zoom then uses its direct sales force to identify the opportunity and channel those in B2B and enterprise accounts. 

Zoom Revenue

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Zoom passed $4 billion in revenue in 2022, compared to over $2.6 billion in revenue in 2021, and over $622 million in 2020.

Zoom Profits

zoom-profits
In 2022, Zoom generated over $1.37 billion in profits, compared to over $672 million in profits in 2021. Zoom has been profitable since 2019.

Zoom Employees

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By January 2022, Zoom had 6,787 employees, compared to 4,422 employees in 2021.

Zoom Revenue Per Employee

zoom-revenue-per-employee
Zoom generated $604K per employee in 2022, compared to $599K in 2021, and almost $246K in 2020.

Freeterprise

freeterprise-business-model
A freeterprise is a combination of free and enterprise where free professional accounts are driven into the funnel through the free product. As the opportunity is identified the company assigns the free account to a salesperson within the organization (inside sales or fields sales) to convert that into a B2B/enterprise account.

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