Zoom posts big quarter even as subscriber growth slows

SAN RAMON, Calif. (AP) — Zoom’s astronomical growth is tapering off along with the pandemic. That’s raising questions about whether the videoconferencing service’s immense popularity will fade as more people return to classrooms, offices and other places off limits for the past year. The deceleration emerged in an otherwise impressive quarterly earnings report released Monday. The stellar results capped a year in which Zoom saw its revenue quadruple and its stock price increase by more than fivefold. But Zoom’s subscriber gains were significantly smaller than in the previous three quarters during the pandemic. Those concerns have caused Zoom’s stock to fall by 30% from its peak, though its shares rallied Monday.