Zoom Q3 2022 Earnings Report
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.
Zoom
Zoom
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
- Potential effect on our user growth rate once the impact of the COVID-19 pandemic tapers
- Users return to work or school or are otherwise no longer subject to limitations on in-person meetings