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 leverages what we call a freeterprise business model, where the company leverages a free product to bring in as many users as possible.
However, it employs a qualified salesforce to turn these free users into paying enterprise customers.
Key Stats
- Revenue increased from $60.8 million in 2017 to $4.1 billion in 2022, representing a CAGR of approximately 287%.
- Net income increased from a loss of $14,000 in 2017 to $1.38 billion in 2022, indicating significant profitability for the company.
- Revenue per employee increased from $194,193 in 2019 to $604,076 in 2022, indicating significant growth in productivity and efficiency.
- The revenue and net income trend show significant growth year-over-year, indicating that the company is successfully expanding its market share and generating significant profits.
- The trend in revenue per employee shows that the company is becoming increasingly productive and efficient, likely due to investments in technology and automation.
- The significant increase in revenue, net income, and revenue per employee suggest that the company invests heavily in growth strategies.
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