Zoooooom…. damn what a MONSTER! 🤯

Filter Coffee ☕

Jun 4, 2021

1 min read

16 months into the pandemic, you’d think the Zoom explosion may slow down for a bit… but no. The company continues to grow engagement AND business at pure-evil rates, blowing past the widest imaginations of Wall Street, even as vaccinations pick pace and people start to step out.

Quick look at numbers:

  • Revenues of $956.2 million, up 191% YoY
  • Gross margins improved to 5% to 74%, helped by well-planned optimization of cloud-resources
  • Paid customer base nearly doubled to 500K
  • Zoom Phone product users up to 1.5 million, 50% sequential growth

Not just that, Eric Yuan told the markets he expects $990 million in revenues next quarter, much higher than investors were looking for, and we’re pretty sure they’re going to blast through $1 billion easily.

Going forward—with the back to office trend in full swing in the western world, certain quarters of Wall Street are counting on the “Zoom” bubble to burst. But an aggressive push to capture the broader productivity suite—calendars, phones, as well as a video-API is expected to keep the party going.

For now, markets demand more evidence to move the $95 billion stock any further.

Get Filter Coffee ☕ straight to your inbox

No spam. No BS.
You might also like...
India

Nykaa is getting ready for an IPO 🚀

Online beauty retailer Nykaa is ready to file its docs with SEBI in the next few days — getting one of the most anticipated listings of the year 1 step close to reality. Nykaa will raise ~$400 million at a $4 billion valuation, says Moneycontrol, with early backers TPG and Fidelity likely to hit the door. Founder Falguni Nayar and family will continu

Filter Coffee ☕

1 min read
India

Indigo airlines losses are spiking 😶

Indigo airlines lost more than ₹3,000 crores during the last 3 months, with travel freezing and no signs of rebound in sight. This’d be the 6th straight quarter of losses for the business, with revenues down 56% from the quarter before . Without explicit doles or rescue offers from the government, things aren’t looking too bright for the entire sector! Meanwhile, optimist

Filter Coffee ☕

1 min read
Business

Spotify's growth is slowing a bit and Wall Street is worried 😬

It’s tech earnings time — and Spotify closed the second quarter with 165 million paid subscribers — a tad lower than the markets were expecting. Stock was promptly hammered down nearly 8% in New York. Quick look: * Revenue of €2.33B, up 23% YoY * Has 365M monthly active users Spotify’s advertising revenues grew by nearly 110% — thank to those annoying ads that may be put there by Satan himself. If you’re a sh

Filter Coffee ☕

1 min read