Highlights of Zoom Video Communications’ (ZM) Q3 2024 earnings

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Highlights of Zoom Video Communications’ (ZM) Q3 2024 earnings

Zoom Video Communications (NASDAQ: ZM) has reported financial results for the third quarter of 2024. The video conferencing platform also provided guidance for the fourth quarter and fiscal 2024.

Adjusted earnings, excluding special items, was $1.29 per share in the third quarter, compared to $1.07 per share a year earlier. On an unadjusted basis, the company reported net income of $141.2 million or $0.45 per share, compared to $48.4 million or $0.16 per share in the third quarter of 2023.

Net revenues came in at $1.14 billion in Q3, compared to $1.10 billion in the prior-year period. The company had around 219,700 enterprise customers at the end of the quarter.

Prior Performance

The post Highlights of Zoom Video Communications’ (ZM) Q3 2024 earnings first appeared on AlphaStreet.

 

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