how does zoom make money 2020?

how does zoom make money 2020?
The company makes its money from sales of subscriptions to its platform, of which there are four tiers it currently offers. The first is its free tier, which it calls Basic; that one comes with the ability to host up to 100 participants, an unlimited number of meetings and 40 minute limit on group meetings.
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How does zoom make money 2020?
Are you curious about how does Zoom make money ? The answer lies in its “freemium business model”. Zoom makes money through reoccurring subscription fees on its products in addition promotion of hardware products. While other apps primarily focus on audio than video, Zoom gives video priority for smooth interaction. Jan 29, 2021
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Does zoom make a profit?
Zoom made a profit of up to $622.7 million in 2019. The amount has been raised to $663.5 million by 2020. Jan 29, 2021
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How much money does zoom make?
In addition to slowed growth, analysts on the company's post-earnings conference call expressed concerns over higher costs and slimmed-down profit margins, but Zoom still beat average earnings expectations by about 30%, pulling in $297 million in net income. Dec 1, 2020
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How much money does zoom make 2020?
FY 2018$121.5 million
Q1 2020$122 million
Q2 2020$145.8 million
Q3 2020$166.6 million
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Is Zoom really free?
Zoom video conferencing is celebrated for its ease of use, high quality video and audio, and collaboration facilities - and the basic version is also completely free of charge. Attendees can join a Zoom meeting without even signing into the app, but must register for an account to host a video meeting. Feb 4, 2021
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