It's just not the same without a good pandemic. Sad!
Muted results
Despite its latest function as a fundraising vehicle, Zoom has struggled in recent quarters to maintain the momentum observed during its pandemic-era boom. While year-over-year revenue growth already consistently rose above 100% throughout FY 2019, and stayed relatively high in the year after, 2021 saw revenue growth expand by as much as 370% in a single quarter, as we migrated our work and social lives online.
However, since late 2022, the tech company’s quarterly earnings have pretty much plateaued at a not inconsiderable ~$1.1B. Politics aside, Zoom has been trying new ways to adapt to an increasingly in-person world: last October, the annual “Zoomtopia” conference announced new return-to-office mandates within the company itself to help employees develop new face-to-face collaboration products.
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