My school just began its school year. We are entirely distance learning and all teachers are using Zoom. Last year, after going into lockdown literally the day after we had a meeting to discuss the possibility of maybe going into lockdown at some point in the future, half the teachers were using Google Meet and the other half were using Zoom.
Now we are all on Zoom, and its very evident how much Zoom blows Google Meet out of the water. Breakout rooms, and screen-sharing are enabling me to create rich learning experiences. Within my account on the Zoom website I can create a nickname for my personal room. All teachers create their nickname with a set format, so students are able to just type their teachers name/our school initials into the url to access their teacher’s rooms - super easy for students. I can take attendance using meeting reports. I can record what I am presenting for students who might be missing class, and I can record PD presentations for other teachers.
The functionality is just amazing. Zoom is so far beyond Google Meet, its not even funny.
My wife also has a Zoom account. She has an NGO that she started last year. She conducts a lot of training for facilitating women’s empowerment, especially within a development context. She is in the process of transitioning her online training to a digital format. She has her own Zoom account and it has enabled her to keep working and accelerate her organization’s growth during the pandemic. Her network is very large and she works with lots of independent contractors, small businesses and enterprises.
I asked her yesterday, “Do you think that eventually Zoom will have more subscribers than Netflix?” She answered with a definitive yes. Netflix has 182.8 million subscribers. Zoom’s basic plan is $15 per month. I don’t think its too far off to imagine that in the future everyone will pay for their personal Zoom room as a matter of course just as they currently pay for their phone line. I think my wife is right on.
Napkin math here: $15 per month x 12 months x 182.8 million subscribers = 32.9 billion dollars in revenue. Zoom has great profitability and will support a high multiple even as a mature company. At a P/S of 10, Zoom would be a 329 billion dollar company. The currently have a 69.24 billion dollar market cap. In other words, there is still plenty of growth yet to come.
I’m off to buy some shares.