![]() ![]() ![]() Revenue for the first nine months of 2020 more than quadrupled from the same period in 2019 to just under $1.8 billion. Zoom's financialsĪdmittedly, this potential competition has not stopped Zoom so far. Such moves could induce more customers to drop Zoom. Thanks to their liquidity and more diverse sources of revenue, these companies could either invest in improving their platforms or offer more advanced features at a lower cost. Both of these companies maintain market caps of over $1 trillion and hold cash hoards exceeding Zoom's market cap. Also, new entrants remain a potential issue, as Zoom competitor ON24 launches its IPO.Īdditionally, while Zoom has grown to a market cap of more than $125 billion, it remains much smaller than peers such as Microsoft and Alphabet's Google. Nothing can stop its peers from copying or surpassing those aforementioned features if they chose to do so. Unfortunately, these features do little to widen Zoom's competitive moat. ![]()
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