Zoom Financials

Zoom Financials

Business / By /

In 2023, Zoom generated $4.39 billion in revenues and over $103 million in net profits, compared to more than $4 billion in revenue in revenues and over $1.37 billion in profits in 2022, and $2.65 billion in revenue in 2021 and over $672 million in profits.

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Who Owns Zoom?

Who Owns Zoom?
Zoom’s principal private shareholders comprise Eric S. Yuan, a Chinese-American billionaire businessman who founded Zoom. Dan Scheinman has been a board member and angel investor in Zoom since the start, and Santiago Subotovsky was 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 whose 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 opportunities and channel those as B2B and enterprise accounts, thus enabling Zoom to monetize the brands’ growth generated by its freemium; in 2023 Zoom generated $4.39 billion in revenue and $103 million in net profits.

Zoom Revenue

Zoom Revenue
Zoom generated $4.39 billion in revenues for 2023, compared to over $4 billion in revenue in 2022, over $2.6 billion in revenue in 2021, and over $622 million in 2020.

Zoom Profits

Zoom Profits
In 2023, Zoom generated over $103 million in net profits compared to over $1.37 billion in profits, and over $672 million in profits in 2021. Zoom has been profitable since 2019.

Zoom Employees

Zoom Employees
By January 2023, Zoom had 8,484, compared to 6,787 employees in January 2022, Zoom, and 4,422 employees in 2021.

Zoom Revenue Per Employee

Zoom Revenue Per Employee
Zoom generated $517,793 per employee in 2023, compared to $604K per employee in 2022, $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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