ZM shares popped +11% after beating expectations (revenue +369% YoY) and projecting +42% revenue growth for the upcoming fiscal year.
Demand for video conferencing software rocketed as workforces worked from home, and now Zoom wants to leverage what it considers to be a future that embraces the “work from anywhere” mantra.
LikeFolio data shows a sharp decline in Zoom user growth
, as well as normalization in consumer behaviors
that drove Zoom adoption.
- Zoom Purchase Intent mentions (signing up, opening an account, renewing, using) have fallen -53% QoQ. While this decline is substantial, these mentions DO remain higher vs. pre-pandemic levels.