Revenue Model Of Zoom App

Its revenue grew from 60m in 2017 to around 330m in 2019.

Revenue model of zoom app. On top of that the company is now seeing a profit. Revenues leaped 355 to 663 5m 496 3m for the. The app revenue model is an integral part of a business concept or business plan the document that should be created before going into the development stage. Determine the best business model for your app.

With annual revenue of 331 million up 118 zoom was the ultra rare tech unicorn to make its ipo debut with a profit boasting 50 000 corporate customers including samsung uber walmart and. This is why it takes a successful revenue building business model to take an app to the next level. Part of zoom s model is getting free users to become paying customers the company wrote in its s 1 filing with the sec. However 2020 was a different level of growth for zoom.

Believe it or not a mere 2 of all app developers claim a lion s share of 54 of all app revenues. In its fourth quarter and fiscal 2020 earnings report around the same time zoom said its. Zoom follows the freemium business model zoom offers 4 different subscription plans one among them being the free plan. The free plan is more than enough for the regular users and those looking for a temporary service until things get back to normal with the.

Zoom s free plan offers an unlimited 1 to 1 meeting and up to 40 mins of a group meeting with 100 participants. At the end of the fiscal year 2019 zoom s revenue from apac and emea amounts to 19 of the total revenue. Even in the stock market zoom has been a top performer. It operates research and development centers in china with more than 700 employees.

Popular videoconferencing app zoom has seen its revenues skyrocket as second quarter profits more than doubled due to the coronavirus crisis. Zoom was easier to use cloud based did not require a hardware investment and its pricing model a freemium pricing model when we signed on made it convenient to try without an investment. After losing 3 8 million in the fiscal year ending in 2018 it had a net income of 7 6 million over the last year. This is why it takes a well designed plan to gain revenue from your app.

In just two years zoom has seen revenue grow by over 5x. The only first quarter s revenue of zoom in 2020 was 121 million.