Zoom revenue surges 4x two quarters straight as video conferencing platform reports $777.2 million earnings in Q3 2020

Thanks to work from home scenes and virtual meets, Zoom reported a four times surge in its revenue in the third quarter compared to the same quarter last year. The tech major had earnings of $777.2 million. Zoom’s earnings have quadrupled two quarters in a row and it now eyes on retaining the record jump year on year with the fourth quarter’s profits.

Although Zoom has not let out how many subscribers it has in total, its measure of the paid customer continues to grow. According to a press release by the company, it has now 433,700 organizations with more than 10 employees subscribed to its video-conferencing services. Last quarter the number was 370,200. The customers who contribute more than $100,000 in revenue grew from 1,000 in the second quarter to 1,300 in the third quarter. Overall Zoom witnessed a 12-month net dollar expansion rate in customers with more than 10 employees.