Wall Street awaits Zoom’s next act as pandemic boom cools

When stay-at-home favorite Zoom reports quarterly results on Monday, Wall Street will look for details on how the video conferencing platform plans to attract more users as its meteoric growth brakes to its slowest rate since going public.

Zoom’s revenue growth has been decelerating as the economy slowly reopens, users complain of “Zoom-fatigue” and as vaccinated people return to school and offices.

Wall Street analysts expect revenue to grow only 49% in the to-be-reported quarter, compared with multiple-fold growth rates in the past year.

Read more

You may also like

More in Newspapers

Comments are closed.