zoom financial report 2022

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Date: 12/12/2022

Zoom excludes stock-based compensation expense because it is non-cash in nature and excluding this expense provides meaningful supplemental information regarding Zooms operational performance and allows investors the ability to make more meaningful comparisons between Zooms operating results and those of other companies. A reconciliation of Zooms historical non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review the reconciliation. A reconciliation of Zooms historical non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review the reconciliation. Profitability slumped, with operating income landing at $375 million over . A supplemental financial presentation and other information can be accessed through Zooms investor relations website at investors.zoom.us. Investors are invited to join the Zoom Video Webinar by visiting:https://investors.zoom.us/. In particular, this expense is dependent on the price of our common stock and other factors that are beyond our control and do not correlate to the operation of the business. The Investor Relations website contains information about Zoom Video Communications, Inc.'s business for stockholders, potential investors, and financial analysts. As of 2022, the total cash from investing activities was -2.86B and total cash from financing activities was 34.07M. Approximately 209,300 Enterprise customers, up 14% from the same quarter last fiscal year. Zoom Video Communications Reports Financial Results for the First Quarter of Fiscal Year 2023 May 23, 2022 PDF Version First quarter total revenue of $1,073.8 million, up 12% year over year First quarter GAAP operating margin of 17.4% and non-GAAP operating margin of 37.2% MRR is defined as the recurring revenue run-rate of subscription agreements from all Enterprise customers for the last month of the period, including revenue from monthly subscribers who have not provided any indication that they intend to cancel their subscriptions. Copyright 2022 Zoom Video Communications, Inc. All rights reserved. Zoom is for you. Zoom generated $4 billion revenue in 2021, a 53% increase year-on-year. "At Zoomtopia, we announced a number of innovations including Zoom Mail and Zoom Calendar, along with new partnerships that are expected to power and enhance the modern . Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future, although it is important to note that these factors could be material to Zoom's results computed in accordance with GAAP. Financial Outlook: Zoom is providing the following guidance for its fourth quarter fiscal year 2022 and its full fiscal year 2022. The 2022 annual cash flow statement of Zoom Video Communications, Inc. showed that the net income increased by $703.32M (105%) compared to previous reporting period. ET. Zoom assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. Colleen RodriguezGlobal Public Relations Lead for Zoompress@zoom.us, Tom McCallumHead of Investor Relations for Zoominvestors@zoom.us, Zoom Video Communications, Inc.Condensed Consolidated Balance Sheets(In thousands). Our customers are increasingly looking to Zoom to help them enable flexible work environments and empower authentic connections and collaboration. It expects adjusted. VANCOUVER, BC, Nov. 22, 2022 /PRNewswire/ -- Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF ) and its wholly-owned subsidiary . Zoom Video Communications Reports Financial Results for the Third Quarter of Fiscal Year 2023 November 21, 2022 PDF Version Third quarter total revenue of $1,101.9 million, up 5% year over year as reported and 7% in constant currency Third quarter Enterprise revenue of $614 million, up 20% year over year Third Quarter 2022 Financial Highlights [1] Total net revenues were RMB1.4 billion ( US$197.2 million ), representing a 35.0% increase from the same period in 2021. In some cases, you can identify forward-looking statements by terms such as anticipate, believe, estimate, expect, intend, may, might, plan, project, will, would, should, could, can, predict, potential, target, explore, continue, or the negative of these terms, and similar expressions intended to identify forward-looking statements. For the trailing 12 months calculation, Zoom takes an average of the net dollar expansion rate over the trailing 12 months. Zoom views acquisition-related expenses when applicable, such as amortization of acquired intangible assets, transaction costs, and acquisition-related retention payments that are directly related to business combinations as events that are not necessarily reflective of operational performance during a period. Zoom is taking a financial hit as pandemic-related demand spikes reverse themselves. In particular, this expense is dependent on the price of our common stock and other factors that are beyond our control and do not correlate to the operation of the business. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. Zoom divides the Applicable Quarter MRR Churn by the applicable quarter Entry MRR to arrive at the MRR Churn rate for Online Customers for the applicable quarter. Number of customers contributing more than $100,000 in . Zoom will host a Zoom Video Webinar for investors on November22, 2021 at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss the companys financial results, outlook and business highlights. Zoom then determines the MRR related to customers who canceled or downgraded their subscription during the applicable quarter (Applicable Quarter MRR Churn). Also the capital expenditure of ZM decreased by $-52.62M (-66%). Zoom calculates online average monthly churn by starting with the Online customer MRR as of the beginning of the applicable quarter (Entry MRR). We also showcased innovations such as hot desking, whiteboarding, and smart gallery, all designed to empower both co-located and remote hybrid workforces as some companies test return to office programs, said Zoom founder and CEO, Eric S. Yuan. Revenue in Constant Currency. Find out more about how we use your information in our privacy policy and cookie policy. Looking forward, we expect to close the year between $4.079 to $4.081 billion in total revenue, representing approximately 54% year-over-year growth, alongside strong profitability and operating cash flow growth. ET The MarketWatch News Department was not involved in. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future, although it is important to note that these factors could be material to Zoom's results computed in accordance with GAAP. At the end of the third quarter of fiscal year 2023, Zoom had: Financial Outlook:Zoom is providing the following guidance for its fourth quarter fiscal year 2023 and its full fiscal year 2023. Forward-looking statements speak only as of the date the statements are made and are based on information available to Zoom at the time those statements are made and/or management's good faith belief as of that time with respect to future events. Investors are invited to join the Zoom Video Webinar by visiting:https://investors.zoom.us/. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption Risk Factors and elsewhere in our most recent filings with the Securities and Exchange Commission (the SEC), including our quarterly report on Form 10-Q for the fiscal quarter ended July 31, 2021. Zoom defines revenue in constant currency as GAAP revenue adjusted for revenue reported in currencies other than United States dollars as if they were converted into United States dollars using the average exchange rates from the comparative period rather than the actual exchange rates in effect during the respective periods. Zoom excludes undistributed earnings attributable to participating securities because they are considered by management to be outside of Zooms core operating results, and excluding them provides investors and management with greater visibility to the underlying performance of Zooms business operations, facilitates comparison of its results with other periods and may also facilitate comparison with the results of other companies in the industry. In particular, Zoom believes the consideration of measures that exclude such expenses can assist in the comparison of operational performance in different periods which may or may not include such expenses and assist in the comparison with the results of other companies in the industry. Zoom defines non-GAAP weighted-average shares used to compute non-GAAP net income per share, basic and diluted, as GAAP weighted average shares used to compute net income per share attributable to common stockholders, basic and diluted, adjusted to reflect the common stock issued in connection with the IPO, including the concurrent private placement, that are outstanding as of the end of the period as if they were outstanding as of the beginning of the period for comparability. Conference call to be conducted on November 29, 2022 at 11 a.m. At the end of the third quarter of fiscal year 2022, Zoom had: Financial Outlook:Zoom is providing the following guidance for its fourth quarter fiscal year 2022 and its full fiscal year 2022. Zoom reported Q3 FY 2022 earnings results that beat analysts' expectations. In Q3, we drove revenue above guidance with continued momentum in Enterprise. Zoom has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). That is why we are an intuitive, scalable, and secure choice for large enterprises, small businesses, and individuals alike. In order to calculate non-GAAP net income per share, basic and diluted, Zoom uses a non-GAAP weighted-average share count. Second Quarter Fiscal Year 2022 Financial Highlights: Revenue: Total revenue for the second quarter was $1,021.5 million, up 54% year over year. Zoom defines non-GAAP net income and non-GAAP net income per share, basic and diluted, as GAAP net income attributable to common stockholders and GAAP net income per share attributable to common stockholders, basic and diluted, respectively, adjusted to exclude stock-based compensation expense and related payroll taxes, expenses related to charitable donation of common stock, acquisition-related expenses, litigation settlements, net, gains on strategic investments, net, and undistributed earnings attributable to participating securities. Fourth Quarter Fiscal Year 2022: Total revenue is expected to be between $1.051 billion and $1.053 billion and non-GAAP income from operations is expected to be between $361.0 million and $363.0. June 01, 2021 16:05 ET | Source: Zoom Video Communications, Inc. . Fourth Quarter Fiscal Year 2022: Total revenue is expected to be between $1.051 billion and $1.053 billion and non-GAAP income from operations is expected to be between $361.0 million and $363.0. Fourth Quarter Fiscal Year 2022: Total revenue is expected to be between $1.051 billion and $1.053 billion and non-GAAP income from operations is expected to be between $361.0 million and $363.0. SAN JOSE, Calif., Nov. 22, 2021 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ: ZM) today announced financial results for the third fiscal quarter ended October31, 2021. Zoom excludes the amount of employer payroll taxes related to employee stock plans, which is a cash expense, in order for investors to see the full effect that excluding stock-based compensation expense had on Zoom's operating results. Zoom excludes gains on strategic investments, net because given the size and volatility in the ongoing adjustments to the valuation of our strategic investments, we believe that excluding these gains or losses facilitates a more meaningful evaluation of our operational performance. Forward-Looking StatementsThis press release contains express and implied forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our financial outlook for the fourth quarter of fiscal year 2022 and full fiscal year 2022, Zooms market position, and Zooms growth strategy and business aspirations to become an indispensable platform for individuals, enterprises, and developers to connect, collaborate and build in the hybrid world. ZM - Free Report) is slated to release third-quarter fiscal 2023 results on Nov 21.Zoom expects third-quarter fiscal 2023 revenues in the range of $1.095 billion to $1.10 billion. Click Manage settings for more information and to manage your choices. CORRECTION - Zoom Reports Financial Results for the Second Quarter of Fiscal Year 2022 Zoom Second Quarter 2022 Earnings Webinar Earnings Presentation 1.3 MB Zoom Second Quarter 2022 Earnings Webinar Prepared Remarks 115.8 KB The company expects total revenue in the second quarter to be between $985.0 million and $990.0 million. Income from Operations and Operating Margin:. Zoom defines Enterprise customers as distinct business units who have been engaged by either Zooms direct sales team, channel partners or independent software vendor partners. Zoom defines a customer as a separate and distinct buying entity, which can be a single paid host or an organization of any size (including a distinct unit of an organization) that has multiple paid hosts. Zoom defines non-GAAP net income and non-GAAP net income per share, basic and diluted, as GAAP net income attributable to common stockholders and GAAP net income per share attributable to common stockholders, basic and diluted, respectively, adjusted to exclude stock-based compensation expense and related payroll taxes, acquisition-related expenses, gains/losses on strategic investments, net, litigation settlements, net, and undistributed earnings attributable to participating securities, including the tax effects of all non-GAAP adjustments. Zoom has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). 22 min read. First quarter total revenue of $956.2 million, up 191% year over year. Free Cash Flow. Zoom calculates net dollar expansion rate as of a period end by starting with the annual recurring revenue (ARR) from all customers with more than 10 employees as of 12 months prior (Prior Period ARR). Third Quarter 2022 Highlights (All Figures in Thousands in USD) For the three months ended September 30, 2022, revenues were $9,790, as compared to $15,961 for the three months ended September 30 . Zoom then divides that amount by three to calculate the online average monthly churn. Zoom defines free cash flow as GAAP net cash provided by operating activities less purchases of property and equipment. Non-GAAP Net Income and Non-GAAP Net Income Per Share, Basic and Diluted. Zoom excludes significant litigation settlements, net of amounts covered by insurance, that we deem not to be in the ordinary course of our business. ZoomLion financials, including financial statements for 2022, basic ratios and analysis of ZoomLion account historical trends Zoom calculates ARR by taking the monthly recurring revenue (MRR) and multiplying it by 12. Sie knnen Ihre Einstellungen jederzeit ndern. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with Zooms condensed consolidated financial statements prepared in accordance with GAAP. Zoom excludes the amount of employer payroll taxes related to employee stock plans, which is a cash expense, in order for investors to see the full effect that excluding stock-based compensation expense had on Zoom's operating results. Colleen RodriguezHead of Global Public Relations and Executive Communicationspress@zoom.us, Tom McCallumHead of Investor Relationsinvestors@zoom.us, Zoom Video Communications, Inc.Condensed Consolidated Balance Sheets(In thousands). Net income per share attributable to common stockholders: Weighted-average shares used in computing net income per share attributable to common stockholders: Adjustments to reconcile net income to net cash provided by operating activities: Amortization of deferred contract acquisition costs, Provision for accounts receivable allowances. Zoom provided guidance for Q2 FY 2022 and for full-year FY 2022. In some cases, you can identify forward-looking statements by terms such as anticipate, believe, estimate, expect, intend, may, might, plan, project, will, would, should, could, can, predict, potential, target, explore, continue, or the negative of these terms, and similar expressions intended to identify forward-looking statements. Forward-Looking StatementsThis press release contains express and implied forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Zoom's financial outlook for the fourth quarter of fiscal year 2023 and full fiscal year 2023, Zooms free cash flow outlook, assumptions related to Section 174 tax legislation requiring capitalization of R&D expenses being repealed or deferred, Zooms market position, opportunities, and growth strategy, product initiatives and go-to market motions and the expected benefits resulting from the same, and market trends. 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Zoom assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law. We, Yahoo, are part of the Yahoo family of brands. Through innovation and dedication, we will continue to deliver happiness to our customers. A trailing 12-month net dollar expansion rate for Enterprise customers of 117%. Additional information on Zoom's reported results, including a reconciliation of the non-GAAP results to their most comparable GAAP measures, is included in the financial tables below. All other customers that subscribe to our services directly through our website are referred to as Online customers. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. In addition, our non-GAAP operating income came in meaningfully higher than our outlook, setting us up to finish the year with full-year revenue growth, strong GAAP and non-GAAP profitability, and free cash flow that we expect to be at the high end of our range of $1 billion to $1.15 billion.1. Copyright 2022 Zoom Video Communications, Inc. All rights reserved. Zoom Video Communications Reports Financial Results for the Third Quarter of Fiscal Year 2023 Published: Nov. 21, 2022 at 4:05 p.m. Get access to valuable data such as who is attending your Zoom meetings with a full list of meeting participants. Zoom then calculates the ARR from these Enterprise customers as of the current period end (Current Period ARR), which includes any upsells, contraction, and attrition. Zoom divides the Current Period ARR by the Prior Period ARR to arrive at the net dollar expansion rate. Zoom defines non-GAAP income from operations as income from operations excluding stock-based compensation expense and related payroll taxes, expenses related to charitable donation of common stock, acquisition-related expenses, and litigation settlements, net. Zoom views acquisition-related expenses when applicable, such as amortization of acquired intangible assets, transaction costs, and acquisition-related retention payments that are directly related to business combinations as events that are not necessarily reflective of operational performance during a period. The revised outlook reflects the global financial slowdown which is affecting advertising budgets. ___________________________________1 The free cash flow outlook range assumes that the Section 174 tax legislation requiring capitalization of R&D expenses will be repealed or deferred by Congress by the end of this fiscal year. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. Forward-looking statements speak only as of the date the statements are made and are based on information available to Zoom at the time those statements are made and/or management's good faith belief as of that time with respect to future events. Note: The amount of unbilled accounts receivable included within accounts receivable, net on the condensed consolidated balance sheets was $82.4 million and $59.7 million as of October31, 2022 and January31, 2022, respectively. This press release contains express and implied "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our financial outlook for the fourth quarter of fiscal year 2022 and full fiscal year 2022, Zoom's market position, and Zoom's growth strategy and . Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption Risk Factors and elsewhere in our most recent filings with the Securities and Exchange Commission (the SEC), including our quarterly report on Form 10-Q for the fiscal quarter ended July 31, 2022. Changes in operating assets and liabilities: Net cash provided by operating activities, Cash paid for acquisition, net of cash acquired, Net cash provided by (used in) investing activities, Cash paid for repurchases of common stock, Proceeds from issuance of common stock for employee stock purchase plan, Proceeds from employee equity transactions (remitted) to be remitted to employees and tax authorities, net, Net cash (used in) provided by financing activities, Effect of exchange rate changes on cash, cash equivalents, and restricted cash, Net increase (decrease) in cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash beginning of period, Cash, cash equivalents, and restricted cash end of period, Stock-based compensation expense and related payroll taxes, GAAP net income attributable to common stockholders. SAN JOSE, Calif., Nov. 21, 2022 (GLOBE NEWSWIRE) Zoom Video Communications, Inc. , today announced financial results for the third fiscal quarter ended October 31, 2022. Income from Operations and. In Q3, we held our premier user event, Zoomtopia, on our Zoom Events service. Zoom Video Communications, Inc. Third quarter total revenue of $1,101.9 million, up 5% year over year as reported and 7% in constant currency. Zoom will host a Zoom Video Webinar for investors on November21, 2022 at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss the companys financial results, business highlights and financial outlook. We believe our global brand, innovative technologies, and large customer base position us well for the future.. Zoom divides the Current Period ARR by the Prior Period ARR to arrive at the net dollar expansion rate. Financial Outlook: Zoom is providing the following guidance for its third quarter fiscal year 2022 and its full fiscal year 2022. You can change your choices at any time by visiting your privacy controls. Entry MRR is defined as the recurring revenue run-rate of subscription agreements from all Online customers, including revenue from monthly subscribers that have not provided any indication that they intend to cancel their subscriptions. Zoom uses these non-GAAP financial measures internally in analyzing its financial results and believes that use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing Zooms financial results with other companies in its industry, many of which present similar non-GAAP financial measures. Zoom calculates net dollar expansion rate as of a period end by starting with the annual recurring revenue (ARR) from Enterprise customers as of 12 months prior (Prior Period ARR). - Net revenues from learning. Zoom provides revenue in constant currency information as a framework for assessing how our underlying businesses performed period to period, excluding the effects of foreign currency fluctuations. Approximately 512,100 customers with more than 10 employees, up approximately 18% from the same quarter last fiscal year. Zoom defines free cash flow as GAAP net cash provided by operating activities less purchases of property and equipment. Zoom is a space where you can connect to others, share ideas, make plans, and build toward a future limited only by your imagination. A trailing 12-month net dollar expansion rate in customers with more than 10 employees above 130% for the 14th consecutive quarter. Zoom defines ARR as the annualized revenue run rate of subscription agreements from all customers at a point in time. Zoom defines ARR as the annualized revenue run rate of subscription agreements from all customers at a point in time. Visit zoom.com and follow @zoom. Non-GAAP Net Income and Non-GAAP Net Income Per Share, Basic and Diluted. For the trailing 12 months calculation, Zoom takes an average of the net dollar expansion rate over the trailing 12 months. At Zoomtopia, we announced a number of innovations including Zoom Mail and Zoom Calendar, along with new partnerships that are expected to power and enhance the modern work experience, said Eric S. Yuan, Zoom founder, and CEO. Third . Zoom excludes undistributed earnings attributable to participating securities because they are considered by management to be outside of Zooms core operating results, and excluding them provides investors and management with greater visibility to the underlying performance of Zooms business operations, facilitates comparison of its results with other periods and may also facilitate comparison with the results of other companies in the industry. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. "in fiscal year 2022, we delivered strong results with total revenue of more than $4 billion growing 55% year over year along with increased profitability and operating cash flow growth as our. Free Cash Flow. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. "in fiscal year 2022, we delivered strong results with total revenue of more than $4 billion growing 55% year over year along with increased profitability and operating cash flow growth as our global customer base continued to grow and find new use cases for our broadening communications platform," said zoom founder and ceo, eric s. yuan. Visit zoom.com and follow @zoom. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Financial Outlook: Zoom is providing the following guidance for its second quarter fiscal year 2022 and its full fiscal year 2022. Zoomd expects revenues in fiscal 2022 revenues to grow roughly 5% year-over-year. We then calculate the ARR from these customers as of the current period end (Current Period ARR), which includes any upsells, contraction, and attrition. Second Quarter Fiscal Year 2022: Total revenue is. Zoom uses these non-GAAP financial measures internally in analyzing its financial results and believes that use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing Zooms financial results with other companies in its industry, many of which present similar non-GAAP financial measures. Third Quarter Fiscal Year 2023 Financial Highlights: Customer Metrics:Drivers of total revenue included acquiring new customers and expanding across existing customers. In Q3 FY 2021, Zoom's adjusted EPS increased 1,055.8%, the fastest pace since Q1 FY 2020. Zoom defines non-GAAP income from operations as income from operations excluding stock-based compensation expense and related payroll taxes, acquisition-related expenses, and litigation settlements, net. VANCOUVER . M embers of the account can review meeting statistics and reports on . including statements regarding Zoom's financial outlook for the fourth quarter of fiscal year 2023 and full fiscal year 2023, Zoom's free cash flow outlook . Zoom considers free cash flow to be a liquidity measure that provides useful information to management and investors regarding net cash provided by operating activities and cash used for investments in property and equipment required to maintain and grow the business. Third Quarter Fiscal Year 2022 Financial Highlights: Customer Metrics:Drivers of total revenue included acquiring new customers and expanding across existing customers. Zoom excludes gains on strategic investments, net because given the size and volatility in the ongoing adjustments to the valuation of our strategic investments, we believe that excluding these gains or losses facilitates a more meaningful evaluation of our operational performance. The green flag: Financial strength. Fourth Quarter Fiscal Year 2022: Total revenue is expected to be between $1.051 billion and $1.053 billion and non-GAAP income from operations is expected to be between $361.0 million and $363.0 million. Deferred contract acquisition costs, current, Prepaid expenses and other current assets, Deferred contract acquisition costs, noncurrent, Accrued expenses and other current liabilities, Accumulated other comprehensive (loss) income, Total liabilities and stockholders equity, Income before provision for (benefit from) income taxes, Provision for (benefit from) income taxes, Undistributed earnings attributable to participating securities, Net income attributable to common stockholders. Fourth Quarter Fiscal Year 2022: Total revenue is expected to be between $1.051 billionand $1.053 billionand non-GAAP income from operations is expected to be between $361.0 millionand $363.0 million. 22 min read. Zoom considers free cash flow to be a liquidity measure that provide useful information to management and investors regarding net cash provided by operating activities and cash used for investments in property and equipment required to maintain and grow the business. Proactively addressing these needs with Zoom's expanding platform continues to be our focus in this dynamic environment. Zoom excludes stock-based compensation expense and expenses related to charitable donation of common stock because they are non-cash in nature and excluding these expenses provides meaningful supplemental information regarding Zooms operational performance and allows investors the ability to make more meaningful comparisons between Zooms operating results and those of other companies. Zoom excludes significant litigation settlements, net of amounts covered by insurance, that we deem not to be in the ordinary course of our business. Fourth Quarter Fiscal Year 2023: Total revenue is expected to be between, Full Fiscal Year 2023: Total revenue is expected to be between. Conference call to be conducted on November 29, 2022 at 11 a.m. In particular, Zoom believes the consideration of measures that exclude such expenses can assist in the comparison of operational performance in different periods which may or may not include such expenses and assist in the comparison with the results of other companies in the industry. Third Quarter Fiscal Year 2022 Financial Highlights: Revenue: Total revenue for the third quarter was $1,050.8 million, up 35% year over year. Zoom is for you. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Online average monthly churn of 3.1% for Q3, down 60 bps from the same quarter last fiscal year. Zoom was one of the fastest growing apps of the . Deferred contract acquisition costs, current, Prepaid expenses and other current assets, Deferred contract acquisition costs, noncurrent, Accrued expenses and other current liabilities, Total liabilities and stockholders equity, (Losses) gains on strategic investments, net, Undistributed earnings attributable to participating securities, Net income attributable to common stockholders. Additional information on Zoom's reported results, including a reconciliation of the non-GAAP results to their most comparable GAAP measures, is included in the financial tables below. 3 min read. Revenue rose 366.5% compared to the year-ago quarter, marking the fastest pace of growth since at least Q1 . Zoom Video Communications, Inc.Condensed Consolidated Statements of Operations(Unaudited, in thousands, except share and per share amounts), Zoom Video Communications, Inc.Condensed Consolidated Statements of Cash Flows(Unaudited, in thousands), Zoom Video Communications, Inc.Reconciliation of GAAP to Non-GAAP Measures(Unaudited, in thousands, except share and per share amounts), Zoom Video Communications Reports Financial Results for the Third Quarter of Fiscal Year 2023. ET. Note: The amount of unbilled accounts receivable included within accounts receivable, net on the condensed consolidated balance sheets was $48.6 million and $24.6 million as of October31, 2021 and January31, 2021, respectively. Financial Outlook: Zoom is providing the following guidance for its fourth quarter fiscal year 2022 and its full fiscal year 2022. Third Quarter Fiscal Year 2022: Total revenue is expected. The Reports section of the Zoom web portal is a powerful tool that provides account owners and admins with various account, meeting, and webinar statistics to review how your organization is utilizing Zoom. Zoom will host a Zoom Video Webinar for investors on November 21, 2022 at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss the company's financial results, business highlights and . Dies geschieht in Ihren Datenschutzeinstellungen. Changes in operating assets and liabilities: Net cash provided by operating activities, Cash paid for acquisition, net of cash acquired, Proceeds from issuance of common stock for employee stock purchase plan, Proceeds from employee equity transactions (remitted) to be remitted to employees and tax authorities, net, Net cash (used in) provided by financing activities, Net (decrease) increase in cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash beginning of period, Cash, cash equivalents, and restricted cash end of period, Stock-based compensation expense and related payroll taxes, GAAP net income attributable to common stockholders. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements, including: declines in new customers and hosts, renewals or upgrades, difficulties in evaluating our prospects and future results of operations given our limited operating history, competition from other providers of communications platforms, continued uncertainty regarding the extent and duration of the impact of COVID-19 and the responses of government and private industry thereto, including the potential effect on our user growth rate once the impact of the COVID-19 pandemic tapers, particularly as vaccines become widely available and distributed, and users return to work or school or are otherwise no longer subject to limitations on in-person meetings, as well as the impact of COVID-19 on the overall economic environment, any or all of which will have an impact on demand for remote work solutions for businesses as well as overall distributed, face-to-face interactions and collaboration using Zoom, delays or outages in services from our co-located data centers, and failures in internet infrastructure or interference with broadband access which could cause current or potential users to believe that our systems are unreliable. . SAN JOSE, CA - November 21, 2022 - Zoom Video Communications, Inc. (NASDAQ: ZM), today announced financial results for the third fiscal quarter ended October 31, 2022. . Zoom Video Communications, Inc.Condensed Consolidated Statements of Operations(Unaudited, in thousands, except share and per share amounts), Zoom Video Communications, Inc.Condensed Consolidated Statements of Cash Flows(Unaudited, in thousands), Zoom Video Communications, Inc.Reconciliation of GAAP to Non-GAAP Measures(Unaudited, in thousands, except share and per share amounts), Zoom Reports Financial Results for the Third Quarter of Fiscal Year 2022. During this immersive, multi-track conference, we showcased how Zoom is placing people at the center of our communications platform, connecting their disparate work streams into our technology, moving beyond enterprises ability to collaborate internally, and empowering them to communicate face-to-face with their customers through Zoom Events and our upcoming Video Engagement Center. Third . Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with Zooms condensed consolidated financial statements prepared in accordance with GAAP. We are well on our way to becoming an indispensable platform for enterprises, individuals, and developers to connect, collaborate, and build in the flexible hybrid world of work. The outlook is based on assumptions, each of which management considers to be reasonable, which are set out in the MD&A. Net income per share - basic and diluted: GAAP and non-GAAP weighted-average shares used to compute net income per share - basic, GAAP and non-GAAP weighted-average shares used to compute net income per share - diluted. Zoom key statistics. That is why we are an intuitive, scalable, and secure choice for large enterprises, small businesses, and individuals alike. 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