ZOOM COMMUNICATIONS:拐点将至?多元产品矩阵+AI变现的潜力驱动

民生证券
22 Jan

历史回溯:2020 年股价增长近十倍,全球云视频会议龙头。Zoom 成立于2011 年,收入来源以企业业务+在线业务的订阅服务费为主。2020 年初受全球公共卫生事件催化,Zoom 每日参会者峰值在3 个月内增长30 倍至3 亿人,FY2021 收入同比增长326%至26.5 亿美元,股价增长至近10 倍。全球公共卫生事件的缓解引发投资者对竞争加剧和用户流失的担忧。1)业务层面,重心向企业业务转移...

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