Zoom shares jump as quarterly results beat on top and bottom lines

Zoom shares rose as much as 13% in extended trading on Monday after the video chat software vendor announced fiscal fourth-quarter results that topped analysts' expectations.

Here's how the company did, compared with consensus among analysts polled by LSEG:

Revenue increased less than 3% from $1.12 billion a year earlier, according to a statement. The company reported net income of $298.8 million, or 98 cents per share, for the quarter ended Jan. 31, compared with a net loss of $104.1 million, or 36 cents per share, in the year-ago quarter.

Far from its heyday during the Covid pandemic, when a surge in the number of remote workers sent revenue up over 100% for five straight quarters, Zoom is now mired in single-digit growth.

For the fiscal first quarter, Zoom called for $1.18 to $1.20 in adjusted earnings per share on $1.125 billion in revenue, which would represent growth of less than 2% from a year earlier. Analysts surveyed by LSEG were looking for $1.13 in adjusted earnings per share and $1.13 billion in revenue.

For the 2025 fiscal year, Zoom sees $4.85 to $4.88 in adjusted earnings per share, with $4.60 billion in revenue, implying 1.7% revenue growth. The LSEG consensus was adjusted earnings of $4.71 per share and revenue of $4.65 billion.

Before the jump, Zoom shares were down 12% so far this year, while the S&P 500 stock index had gained 6% over the same period.

Executives will discuss the results with analysts on a conference call starting at 5 p.m. ET.

This is breaking news. Please check back for updates.

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