How Much Is Zoom Worth?
Published: May 30, 2022
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The pandemic taught us to appreciate seeing people’s faces, even just over video calls, and Zoom helped a lot! With most of the world working from home, it gained popularity at an astounding rate.
So, what is Zoom’s worth? Read on to find out!
How Much Is Zoom Worth?
(Source: Google Finance)
Zoom’s share price as of May 30 is $110.42. In January 2020, before the pandemic started, the share prices were around $70, and they surged to an all-time high of $559.00 on October 16, 2020.
More Stats and Facts on Zoom Value
Do you want to find out the Zoom net worth? You can learn this, whether Zoom is still profitable, and more! Read on!
Which Company Owns Zoom?
(Source: Systran Box)
Zoom is owned by Zoom Video Communications Inc. Eric Yuan stands behind the founding of Zoom Meetings.
How Much Funding Has Zoom Raised To Date?
(Source: Crunchbase)
The latest funding Zoom raised was in November 2021. After over eight rounds, it has raised $276 million. The video platform has 19 investors, with Base Partners and ARK Investment Management being the latest ones.
How much did Zoom make in 2021?
(Source: Statista)
Zoom made over $2.65 billion in 2021. It is by far the highest revenue the company has seen compared to 2020 and 2019, as they more than tripled the revenue. In 2020, Zoom’s revenue was $622 million, while in 2019, it was $330 million.
Zoom founder’s net worth is currently at $5.2 billion..
(Source: Forbes)
The net worth of Zoom founder Eric Yuan significantly surged to $14.9 billion in 2021 as more and more people were investing in the platform he created. He even made the Forbes Billionaires list at rank 523 in 2022 and ranked 54 on the Forbes 400 list in 2021.
Zoom’s net worth is $10.46 billion.
(Source: GOBankingRates / Business of Apps)
The Zoom company net worth isn’t that surprising when we consider that they earned one million users a few months after launch. Incredibly, Zoom reached 40 million subscribers two years after it launched.
And it’s not just milestones like this! Zoom became a “unicorn” company with a valuation of $1 billion.
Zoom had over 200 million daily meeting participants in May 2020.
(Source: Business of Apps)
As the pandemic took off, Zoom founder Yuan says that in June 2020, this number reached over 300 million daily meeting participants. In December of the same year, this number was estimated at 350 million daily participants.
Additionally, the rise in numbers came with an increase in profit. Zoom’s profit in 2020 was $671 million from just $21 million in 2019, and it jumped to $1.06 billion in 2021.
The Zoom app was downloaded 3.5 million times in a single day in April 2020.
(Source: Backlinko)
There were over 250 million apps downloaded between 2019 and 2020. Zoom was definitely a great contributor to that. And in September 2021, it was downloaded 23 million times. Six million came from the App Store, while 17 million came from Google Play Store.
Wrapping Up
To say that Zoom was the app of the pandemic would be an understatement, especially since it persists even after the heat of the pandemic has died down. Lots of people still choose to use it in their business and personal lives.
So, it’s no surprise that Zoom is considered a “unicorn” company, and maybe the Zoom market value will continue growing!
Sources
ABOUT AUTHOR
Ema is an ESL teacher (who is highly curious about technology in education) and a content writer. She enjoys writing on all sorts of subjects and she loves a good challenge. When she’s not working, you can find her reading a mystery thriller or watching “Shutter Island” for the umpteenth time.
