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Oct 31, 2021
Zoom Q3 2022 Earnings Report
Zoom's Q3 2022 financial results were released, showing revenue growth and strong customer acquisition.
Key Takeaways
Zoom Video Communications announced its Q3 fiscal year 2022 results, with total revenue reaching $1,050.8 million, a 35% increase year-over-year. The company reported a GAAP operating margin of 27.7% and a non-GAAP operating margin of 39.1%. Zoom is projecting full fiscal year revenue between $4.079 billion and $4.081 billion.
Total revenue for Q3 reached $1,050.8 million, up 35% year-over-year.
GAAP income from operations was $290.9 million, increasing from $192.2 million in Q3 2021.
GAAP net income attributable to common stockholders was $340.3 million, or $1.11 per share.
Zoom had 2,507 customers contributing more than $100,000 in TTM revenue, a 94% increase year-over-year.
Forward Guidance
Zoom provided guidance for Q4 2022 and full fiscal year 2022. They expect Q4 revenue between $1.051 billion and $1.053 billion. Full year revenue is projected between $4.079 billion and $4.081 billion.
Positive Outlook
- Total revenue is expected to be between $1.051 billion and $1.053 billion for Q4 2022
- Non-GAAP income from operations is expected to be between $361.0 million and $363.0 million for Q4 2022
- Non-GAAP diluted EPS is expected to be between $1.06 and $1.07 for Q4 2022
- Total revenue is expected to be between $4.079 billion and $4.081 billion for full fiscal year 2022
- Non-GAAP income from operations is expected to be between $1.598 billion and $1.600 billion for full fiscal year 2022
Challenges Ahead
- A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis
- Uncertainty of expenses that may be incurred in the future
- These factors could be material to Zoom's results computed in accordance with GAAP
Historical Earnings Impact
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Avg. Return Before/After Earnings
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