Reported about 8 hours ago
Zoom Communications has issued a revenue forecast for 2026 that falls below Wall Street expectations, as demand for its video conferencing services declines with employers returning to in-office work. The company's shares dropped 2% after announcing that its first-quarter revenue estimates were also lower than anticipated. Despite rapid growth during the pandemic, concerns about the sustainability of demand persist, and Zoom's integration of AI has not significantly boosted its outlook. With competition from Microsoft Teams increasing, Zoom's future growth appears sluggish relative to its peers.
Source: YAHOO