Zoom Communications, Inc. ZM

NASDAQ Technology services USD

Zoom Video Communications, Inc. (ZM) is a leading provider of a unified communications platform that brings together video meetings, phone, chat, and collaboration tools into a single, user-friendly service. The company primarily serves businesses, educational institutions, healthcare providers, and individual users, enabling seamless remote and hybrid communication. Its business model is based on a subscription revenue model, where customers pay for access to its cloud-based platform, with pricing tiers based on features, meeting duration, and the number of participants. Zoom generates revenue primarily from the sale of subscriptions to its services, with additional income from hardware sales and strategic investments. The company focuses on innovation through significant research and development to enhance its platform's reliability, security, and functionality.