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Stephanie Turner
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7 months ago
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Zoom will change its company name to get rid of its focus on video
- Zoom's Q3 2024 revenue grew 4% to $1.18 billion
- The figure is two years of modest growth
- Meanwhile, Zoom's business tripled in 2020 and 2021
- Net income grew by $66 million, already up to $207.1 million
- Number of corp. customers was 192.4k (+800pc)
- Zoom's revenue for the new quarter will be $1.175-1.18 billion
- The company also raised its outlook for the full fiscal year 2025
- Zoom's revenue for it should be $4.656-4.661 billion
- The midpoint of the range implies growth of about 3%
- Zoom has launched webinars with up to 1 million people
- It also announced its name change
- Zoom Video Communications will remove the “Video” from its name
- The new full name will be Zoom Communications Inc
- This change reflects the evolution of the entire company
- Zoom is working on a working AI platform
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Stephanie Turner
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BNPL service Klarna nears profitability ahead of possible IPO
- Klarna almost reached the breakeven level for 9M
- Klarna's loss for 9M. 2024 decreased to $180 th
- For the same period a year ago the loss was $161 mln
- The service's revenue grew by 23% to $1.9 bln
- Earlier, the Swedish service applied for an IPO
- It is not clear yet how many shares and at what price will be offered
- Analysts estimate BNPL service at $14.6 bln
- Net income for Q3 2024 was
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Stephanie Turner
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Some of Revolut's early investors were able to sell more than $300 million worth of stock
- Revolut allowed a number of early investors to sell their shares
- The buyers were wealthy Goldman Sachs clients
- Sources say the sale amount was $300-500 million
- As part of the deal, the valuation of the fintech company was $45 billion
- Initial investors: Index Ventures, Balderton, Seedcamp, etc.
- Previously, Revolut allowed the sale of shares to its employees
- The deal size for the emplo
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