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‘Wheel of Fortune’ Contestant Devastated by Botched $75k Bonus Round Despite Big BoostLooking ahead, market observers are anticipating further volatility and unpredictability in the A-share market, as uncertainties persist and external factors continue to influence investor sentiment. It is crucial for investors to stay informed, diversify their portfolios, and adopt a prudent approach to navigate the evolving market landscape successfully.In his closing remarks, [Name], expressed his optimism for the future of barter trade in China and reiterated the commitment of the China International Barter Trading Center to driving innovation, fostering collaboration, and creating value for businesses across various industries. He emphasized the Center's dedication to promoting sustainable and inclusive economic development through barter trade initiatives.
Title: Alibaba Data Center Fire: Official Statement Confirms No Casualties, Blaze Extinguished
The bride in white: Lauren Sanchez steps out in racy suit with Jeff Bezos ahead of blockbuster wedding The couple attended an event in New York on Wednesday They got engaged in 2023 but have yet to publicly reveal when they will marry READ MORE: Lauren Sanchez gets emotional discussing her childhood By J. PETERSON and BETHAN SEXTON FOR DAILYMAIL.COM Published: 23:32 GMT, 4 December 2024 | Updated: 23:46 GMT, 4 December 2024 e-mail 23 shares 3 View comments Lauren Sanchez has never been one to shy away from daring outfits. So it was no surprise to see the glamorous media personality, 54, spilling out of a lace bustier as she attended The New York Times DealBook Event in New York with fiance Jeff Bezos , 60, on Wednesday. Sanchez sported a tight white blazer over the lingerie top, but it did little to conceal her chest. She paired the blazer with matching trousers and accessorized with a white handbag and elegant diamond necklace. Breaking up the all white color scheme, Sanchez opted for black heels. Her beau Bezos looked casual and cool in a pair of suede boots, black denim jeans, and a tight black shirt that showcased his muscular torso. Sanchez and Bezos, 60, began dating in 2019 and got engaged in May 2023. They have yet to publicly disclose when they plan to marry . The US Sun previously reported that the nuptials will take place in Aspen this winter. Lauren Sanchez spilled out of a lace bustier as she attended The New York Times DealBook Event in New York with fiance Jeff Bezos, 60, on Wednesday Sanchez sported a tight white blazer over the lingerie top, but it did little to conceal her chest She gave an insight into the planning during an awkward appearance on The View last month in which she gave a reluctant update and said she is 'very excited' for the forthcoming ceremony. Although a bit sheepish, she did share a bit about what was happening with her wedding. 'Very excited about it, thinking about the dress, I have to say, I do have a Pinterest, I'm just like every other bride, so I do have a Pinterest board,' Sánchez admitted. During the segment, she also admitted that at age 54, she never thought her life would be where it was right now. 'I never thought at, I'm gonna be 55, that you know, I'd be an author, that I'd be getting married, I mean life is just beginning,' the helicopter pilot admitted. 'When I was 20, I thought, "Oh my gosh, life is over at 50," let me tell you, it is not, ladies,' the mogul reassured the audience. 'It is not over, it is just beginning. It just gets better and better, and I always say when women are like, "Oh what is it like turning 50?" It's just the beginning.' The businesswoman has recently been kept busy working on her children's book, which was released in September. The media personality smiled and posed for a social media selfie before the event The couple showed their commitment to each other by holding hands The businesswoman has recently been kept busy working on her children's book, which was released in September The Fly Who Flew to Space which follows 'an adorable fly named Flynn as they follow their dreams of becoming an astronaut right onto a rocket ship'. It has since received a slew of positive ratings, including one that appears to be posted by Bezos. On the book's Amazon listing, an account bearing the name of Jeff Bezos left a review fiercely praising the book . Bezos gave the tome the maximum rating of five stars, but said he would have given it 'six' if he could. He comically described it as 'the best children's book his fiancée had ever written,' something that was not hard for her to achieve as this is her first and only children's book. While there's no way to tell if the account is indeed Bezos', sources confirmed to USA Today that it is. Breaking up the all white color scheme, Sanchez opted for black heels Some of Sanchez's raven bangs blew in her face as she entered the venue from the street Sanchez has been spending time with her new celebrity friends and was pictured at the Fall 2024 Opening Reception for fashion designer Diane Von Furstenberg held at the Skirball Cultural Center in Los Angeles. She mingled with several stars at her The Fly That Flew To Space book party in September. At the event was Kim and Khloe Kardashian as well as momager Kris Jenner and RHOBH vet Kathy Hilton, who is also Paris Hilton's mother. Also seen were fashion model Miranda Kerr and jewelry designer Jennifer Meyer, who used to be wed to Tobey Maguire. Jeff Bezos Lauren Sanchez New York Share or comment on this article: The bride in white: Lauren Sanchez steps out in racy suit with Jeff Bezos ahead of blockbuster wedding e-mail 23 shares Add commentFormer President Jimmy Carter has died at the age of 100. The 39th president of the United States was a Georgia peanut farmer who sought to restore trust in government when he assumed the presidency in 1977 and then built a reputation for tireless work as a humanitarian. He earned a Nobel Peace Prize in 2002. Carter died Sunday, more than a year after entering hospice care, at his home in Plains, Georgia. At age 52, Carter was sworn in as president on Jan. 20, 1977, after defeating President Gerald R. Ford in the 1976 general election. Carter left office on Jan. 20, 1981, following his 1980 general election loss to Ronald Reagan. Here's the latest: President Joe Biden will speak about Carter Sunday evening. The president will make his address from a hotel in St. Croix, from the U.S. Virgin Islands, where he is on a holiday vacation with his family. Jimmy and Rosalynn Carter had one of the great love stories and political partnerships in U.S. presidential history. The former president sometimes called his wife, who died Nov. 19. 2023, “Rosie,” which is a good way to remember how her name actually is pronounced. It is “ROSE-uh-lyn,” not, repeat NOT, “RAHZ-uh-lyn.” They were married more than 77 years but their relationship went back even further. Jimmy’s mother, “Miss Lillian,” delivered Eleanor Rosalynn Smith at the Smith home in Plains on Aug. 18, 1927. The nurse brought her eldest child back a few days later to visit, meaning the longest-married presidential couple met as preschooler and newborn. She became his trusted campaign aide and White House adviser, surprising Washington by sitting in on Cabinet meetings. Then they traveled the world together as co-founders of The Carter Center. Most of the nation saw the former president for the last time at Rosalynn Carter’s funeral. Jason Carter is now the chairman of The Carter Center’s board of governors. He said his grandparents “never changed who they were” even after reaching the White House and becoming global humanitarians. He says their four years in Washington were just one period of putting their values into action and that the center his grandparents founded in Atlanta is a lasting “extension of their belief in human rights as a fundamental global force.” Jimmy and Rosalynn Carter traveled the world advocating for democracy and fighting disease, but Jason Carter said they weren’t motivated by pity, or arrogance that a former American president had all the answers — they ventured to remote places because they could “recognize these people.” They too were from “a 600-person village” and understood that even the poorest people “have the power ... the ability ... the knowledge and the expertise to change their own community.” As reaction poured in from around the world, President Joe Biden mourned Carter’s death, saying the world lost an “extraordinary leader, statesman and humanitarian” and he lost a dear friend. Biden cited Carter’s compassion and moral clarity, his work to eradicate disease, forge peace, advance civil and human rights, promote free and fair elections, house the homeless and advocacy for the disadvantaged as an example for others. Biden said he is ordering a state funeral for Carter in Washington. Former House Speaker Nancy Pelosi is remembering Carter as a man steeped “in devotion to public service and peace.” The California Democrat said in a statement Sunday that Carter was committed to “honoring the spark of divinity within every person,” something she said manifested in “teaching Sunday school in his beloved Marantha Baptist Church, brokering the landmark Camp David Accords to pave the way to peace or building homes with Habitat for Humanity.” Pelosi also said Carter led “perhaps the most impactful post-presidency in history.” British Prime Minister Keir Starmer noted in a post on X the special contribution Carter made by brokering the Camp David Accords between Israel and Egypt and through his work with the Carter Center. “Motivated by his strong faith and values, President Carter redefined the post-presidency with a remarkable commitment to social justice and human rights at home and abroad,” Starmer said. To commemorate Carter’s death, officials with the Empire State Building said in a post on social media that the iconic New York City landmark would be lit in red, white and blue on Sunday night, “to honor the life and legacy” of the late former president. In a statement issued Sunday, former President Barack Obama and first lady Michelle Obama said Carter’s beloved Maranatha Baptist Church “will be a little quieter on Sunday,s” but added that the late former president “will never be far away -- buried alongside Rosalynn next to a willow tree down the road, his memory calling all of us to heed our better angels.” Noting the “hundreds of tourists from around the world crammed into the pews” to see the former president teach Sunday school, as he did “for most of his adult life,” the Obamas listed Carter’s accomplishments as president. But they made special note of the Sunday school lessons, saying they were catalysts for people making a pilgrimage to the church. “Many people in that church on Sunday morning were there, at least in part, because of something more fundamental: President Carter’s decency.” The longest-lived American president died Sunday, more than a year after entering hospice care , at his home in the small town of Plains, Georgia, where he and his wife, Rosalynn, who died at 96 in November 2023 , spent most of their lives. “Our founder, former U.S. President Jimmy Carter, passed away this afternoon in Plains, Georgia,” The Carter Center said in posting about his death on the social media platform X. It added in a statement that he died peacefully, surrounded by his family. In his 1975 book “Why Not The Best,” Carter said of himself: “I am a Southerner and an American, I am a farmer, an engineer, a father and husband, a Christian, a politician and former governor, a planner, a businessman, a nuclear physicist, a naval officer, a canoeist, and among other things a lover of Bob Dylan’s songs and Dylan Thomas’s poetry.” A moderate Democrat, Carter entered the 1976 presidential race as a little-known Georgia governor with a broad smile, outspoken Baptist mores and technocratic plans reflecting his education as an engineer. After he left office and returned home to his tiny hometown of Plains in southwest Georgia, Carter regularly taught Sunday School lessons at Maranatha Baptist Church until his mobility declined. Those sessions drew visitors from around the world. Former Vice President Al Gore praised Jimmy Carter for living “a life full of purpose, commitment and kindness” and for being a “lifelong role model for the entire environmental movement.” Carter, who left the White House in 1981 after a landslide defeat to Ronald Reagan. concentrated on conflict resolution, defending democracy and fighting disease in the developing world. Gore, who lost the 2000 presidential election to George W. Bush, remains a leading advocate for action to fight climate change. Both won Nobel Peace Prizes. Gore said that “it is a testament to his unyielding determination to help build a more just and peaceful world” that Carter is often “remembered equally for the work he did as President as he is for his leadership over the 42 years after he left office.” During Gore’s time in the White House, President Bill Clinton had an uneasy relationship with Carter. But Gore said he is “grateful” for “many years of friendship and collaboration” with Carter. Former President Bill Clinton and his wife, former Secretary of State Hillary Clinton, remember Carter as a man who lived to serve others. “Hillary and I mourn the passing of President Jimmy Carter and give thanks for his long, good life. Guided by his faith, President Carter lived to serve others — until the very end." The statement recalled Carter's many achievements and priorities, including efforts “to protect our natural resources in the Arctic National Wildlife Refuge, make energy conservation a national priority, return the Panama Canal to Panama, and secure peace between Egypt and Israel at Camp David." After he left office, the Clinton statement said, Carter continued efforts in "supporting honest elections, advancing peace, combating disease, and promoting democracy; to his and Rosalynn’s devotion and hard work at Habitat for Humanity — he worked tirelessly for a better, fairer world,” the statement said.
Farrah Abraham, Maitland Ward Call BS on Sophie Rain's OnlyFans Income ClaimIn conclusion, the debate around Unai Emery's time at Arsenal reflects the complexities of modern football management and the challenges faced by coaches in a high-pressure environment. Suarez's support for his former mentor highlights the importance of recognizing the efforts and contributions of coaches, even in the face of adversity. Only time will tell if Emery's legacy at Arsenal will be remembered for the trials he faced or the successes he achieved against the odds.
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As they said their final goodbyes, the family members knew that they were not truly saying goodbye, but rather, see you later. They found comfort in knowing that a part of him would continue to live on in the hearts and bodies of those who had received his organs, a living tribute to his generosity and compassion.
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In conclusion, Liverpool's ascent to an 82% likelihood of winning the Premier League highlights the team's outstanding form and determination to succeed. With the finish line in sight, all eyes will be on Anfield as the Reds look to maintain their lead and secure the coveted title. As for Arsenal and Manchester City, they will need to regroup and bounce back quickly if they are to challenge Liverpool for the championship. The stage is set for a thrilling conclusion to the Premier League season, with twists and turns still to come.
Performance:Environment Secretary Steve Reed has been asked to review “incompetence” at the Met Office that led to a “clear underestimation” of the impact of Storm Bert. Labour MP for Cardiff West, Alex Barros-Curtis, said warnings should have been “amber or red”, as Mr Reed told MPs that more flooding is “likely”. Hundreds of homes were left under water, roads were turned into rivers and winds of more than 80mph were recorded across parts of the UK. More than 130 flood warnings and 160 alerts remained in place across the UK on Monday. In the Commons on Monday, Mr Barros-Curtis asked: “Can I ask that the Secretary of State speak to his Department for Science, Innovation and Technology (DSIT) colleagues to carefully look into the role of the Met Office here? “It is clear that their response was slow and that there was a clear underestimation of the impact of Storm Bert. “They put it yellow rather than amber or red. Our constituents have been let down by this incompetence before, and it cannot keep happening.” Mr Reed said: “In most parts of the countries that were affected, warnings were given with adequate time for people to prepare and I would encourage people to sign up on the Defra website, or the Environment Agency website for warnings and alerts if they live in an area that could be affected by flooding. “I’m aware of the particular concern that he mentions regarding the Met Office, and I will indeed be speaking to colleagues in DSIT as they review the circumstances of that and look at how the situation can be improved for future events of this kind.” During his update to the House, the Environment Secretary said that more flooding this week is “likely” but its impact “should be less severe” than has been seen. He said: “Around 28,000 properties are being protected by Environment Agency flood defences. “Unfortunately, an estimated 107 properties have flooded across England , principally from river and surface water flooding.” He added: “The Environment Agency and local responders have also been busy protecting properties elsewhere in England, including flooding from the River Teme in Tenbury Wells where around 40 properties have flooded. “The river has now peaked and local responders will be focusing on the lower reaches of rivers over the next few days.” He further stated: “Further flooding is sadly likely over the next few days as water levels rise in slower flowing rivers such as the Severn and the Ouse. “The Environment Agency anticipates that any impacts should be less severe than we have seen in recent days.” Mr Reed also described the flood defences they inherited from the previous government as being “in the worst condition on record following years of underinvestment”. He added: “Over 3,000 of our key flood defences are below an acceptable standard. “That is why we are investing £2.4 billion over the next two years to build and maintain flood defences.” Elsewhere in the session, Labour MP for Coventry South, Zarah Sultana, was among the MPs to call for a legal duty on fire services to respond to flooding. She said: “I want to express my solidarity and thanks to all of our emergency services, including firefighters on the front line. “Extreme weather events are on the rise and becoming ever more frequent due to climate change, highlighting the urgent need for proper funding and resources. “England is the only part of the UK without a statutory duty for flooding, leaving fire services underfunded and under-resourced to respond effectively. This must change, as the FBU (Fire Brigades Union) has long called for.” “When will the Government finally provide a statutory duty for Fire and Rescue authorities to respond to flooding incidents in England?” Mr Reed replied: “The fire and rescue authorities have the powers to intervene, but she’s quite right to point out there’s not a duty, and officials in my department, working with the Home Office, will review that to see that that remains appropriate.” Conservative MP for Mid Buckinghamshire Greg Smith said some communities in his constituency are flooding “for the first time in decades” as he accused the Government of wanting to “concrete over the countryside”. He said: “That is a result of some of the big infrastructure we are seeing being built, particularly HS2 where they will concrete over a field completely, it seems, unaware that that will have a knock-on effect to farmland next door. “So will the Secretary of State commit to working with the Transport Secretary (Louise Haigh) and I also suggest the Deputy Prime Minister (Angela Rayner) given their plans to concrete over the countryside to ensure that where construction takes place proper, and I really mean proper, flood mitigation measures are put into place.” Mr Reed replied: “This needs to operate across Government, and we will have those conversations and ensure that measures are put in place to support communities as much as is possible from the more severe weather events that we’re seeing as a result of climate change.”
Several prominent business leaders and government officials also took the stage to share their insights and perspectives on the future of barter trade in China. They emphasized the role of innovation and technology in enhancing the efficiency and security of barter transactions, and highlighted the opportunities for businesses to expand their market reach and establish mutually beneficial partnerships through the China International Barter Trading Center.However, it was Aryna Sabalenka who ultimately clinched the coveted award. The Belarusian player had a stellar season, winning multiple titles and showcasing her powerful game on the biggest stages. Sabalenka's aggressive style of play and ability to dominate her opponents made her a formidable force on the WTA tour.Third quarter total revenue of $1,177.5 million , up 3.6% year over year as reported and in constant currency Third quarter Enterprise revenue of $698.9 million , up 5.8% year over year Third quarter GAAP operating margin of 15.5% and non-GAAP operating margin of 38.9% Number of customers contributing more than $100,000 in trailing 12 months revenue up 7.1% year over year Repurchased approximately 4.4 million shares of common stock in third quarter Increased total common stock repurchase authorization by $1.2 billion, resulting in approximately $2.0 billion remaining to be repurchased SAN JOSE, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Zoom Communications, Inc. ZM today announced financial results for the third fiscal quarter ended October 31, 2024. On November 25, 2024, the company changed its corporate name from Zoom Video Communications, Inc. to Zoom Communications, Inc. "At Zoomtopia we announced major milestones such as AI Companion 2.0 and paid add-ons for AI Companion and industry-specific AI customization, further cementing our vision to deliver a differentiated AI-first work platform that empowers customers to achieve more than ever," said Eric S. Yuan, Zoom founder and CEO. "In Q3, we were pleased to see revenue and enterprise revenue growth improve to approximately 4% and 6% year over year, respectively, and Online monthly average churn reach an all-time low of 2.7%. Additionally, Zoom Contact Center set a record with an over 20,000-seat deal in EMEA, and Workvivo secured its largest deal ever with a Fortune 10 company, showing our success in landing and expanding with global enterprises that recognize the promise of our integrated Workplace and Business Services platform." Third Quarter Fiscal Year 2025 Financial Highlights: Revenue: Total revenue for the third quarter was $1,177.5 million, up 3.6% year over year. Adjusting for foreign currency impact, revenue in constant currency was $1,177.3 million, up 3.6% year over year. Enterprise revenue was $698.9 million, up 5.8% year over year, and Online revenue was $478.7 million, flat year over year. Income from Operations and Operating Margin: GAAP income from operations for the third quarter was $182.8 million, compared to GAAP income from operations of $169.4 million in the third quarter of fiscal year 2024. Non-GAAP income from operations, which adjusts for stock-based compensation expense and related payroll taxes, acquisition-related expenses, and litigation settlements, net, was $457.8 million for the third quarter, compared to non-GAAP income from operations of $447.1 million in the third quarter of fiscal year 2024. For the third quarter, GAAP operating margin was 15.5% and non-GAAP operating margin was 38.9%. Net Income and Diluted Net Income Per Share: GAAP net income for the third quarter was $207.1 million, or $0.66 per share, compared to GAAP net income of $141.2 million, or $0.45 per share, in the third quarter of fiscal year 2024. Non-GAAP net income, which adjusts for stock-based compensation expense and related payroll taxes, gains on strategic investments, net, acquisition-related expenses, litigation settlements, net, and the tax effects on non-GAAP adjustments, was $435.1 million for the third quarter. Non-GAAP net income per share was $1.38. In the third quarter of fiscal year 2024, non-GAAP net income was $401.2 million, or $1.29 per share. Cash and Marketable Securities: Total cash, cash equivalents, and marketable securities, excluding restricted cash, as of October 31, 2024 was $7.7 billion. Cash Flow: Net cash provided by operating activities was $483.2 million for the third quarter, compared to $493.2 million in the third quarter of fiscal year 2024, down 2.0% year over year. Free cash flow, which is net cash provided by operating activities less purchases of property and equipment, was $457.7 million, compared to $453.2 million in the third quarter of fiscal year 2024, up 1.0% year over year. Customer Metrics: Drivers of total revenue included acquiring new customers. At the end of the third quarter of fiscal year 2025, Zoom had: 3,995 customers contributing more than $100,000 in trailing 12 months revenue, up 7.1% from the same quarter last fiscal year. Approximately 192,400 Enterprise customers. A trailing 12-month net dollar expansion rate for Enterprise customers of 98%. Online average monthly churn of 2.7% for the third quarter, down 30 bps from the same quarter last fiscal year. The percentage of total Online MRR from Online customers with a continual term of service of at least 16 months was 74.1%, up 90 bps year over year. Financial Outlook: Zoom is providing the following guidance for its fourth quarter of fiscal year 2025 and its full fiscal year 2025. Fourth Quarter Fiscal Year 2025: Total revenue is expected to be between $1.175 billion and $1.180 billion and revenue in constant currency is expected to be between $1.174 billion and $1.179 billion. Non-GAAP income from operations is expected to be between $443.0 million and $448.0 million. Non-GAAP diluted EPS is expected to be between $1.29 and $1.30 with approximately 315 million weighted average shares outstanding. Full Fiscal Year 2025: Total revenue is expected to be between $4.656 billion and $4.661 billion and revenue in constant currency is expected to be between $4.661 billion and $4.666 billion. Full fiscal year non-GAAP income from operations is expected to be between $1.813 billion and $1.818 billion. Full fiscal year non-GAAP diluted EPS is expected to be between $5.41 and $5.43 with approximately 315 million weighted average shares outstanding. Full fiscal year free cash flow is expected to be between $1.580 billion and $1.620 billion. The EPS and share count figures do not include the impact from the share repurchase authorization discussed below. Additional information on Zoom's reported results, including a reconciliation of the non-GAAP results to their most comparable GAAP measures, is included in the financial tables below. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future, although it is important to note that these factors could be material to Zoom's results computed in accordance with GAAP. A supplemental financial presentation and other information can be accessed through Zoom's investor relations website at investors.zoom.us. Stock Repurchase Authorization: In November 2024, Zoom's Board of Directors authorized the repurchase of an additional $1.2 billion of Zoom's outstanding Class A common stock. This authorization is in addition to the amount remaining under the prior authorization for the share repurchase program, for a total of approximately $2.0 billion remaining to be repurchased. Repurchases of Zoom's Class A common stock may be effected, from time to time, either on the open market (including pre-set trading plans), in privately negotiated transactions, and other transactions in accordance with applicable securities laws. The timing and the amount of any repurchased Class A common stock will be determined by Zoom's management based on its evaluation of market conditions and other factors. The repurchase program will be funded using Zoom's working capital. Any repurchased shares of Class A common stock will be retired. The repurchase program does not obligate Zoom to acquire any particular amount of Class A common stock, and the repurchase program may be suspended or discontinued at any time at Zoom's discretion. Zoom Video Earnings Call Zoom will host a Zoom Video Webinar for investors on November 25, 2024 at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss the company's financial results, business highlights and financial outlook. Investors are invited to join the Zoom Video Webinar by visiting: https://investors.zoom.us/ About Zoom Zoom's mission is to provide one platform that delivers limitless human connection. Reimagine teamwork with Zoom Workplace — Zoom's open collaboration platform with AI Companion empowers teams to be more productive. Together with Zoom Workplace, Zoom's Business Services for sales, marketing, and customer care teams, including Zoom Contact Center, strengthen customer relationships throughout the customer lifecycle. Founded in 2011, Zoom is publicly traded ZM and headquartered in San Jose, California. Get more information at zoom.com. Forward-Looking Statements This press release contains express and implied "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Zoom's financial outlook for the fourth quarter of fiscal year 2025 and full fiscal year 2025, Zoom's market position, opportunities, and growth strategy, product initiatives, including future product and feature releases, go-to-market motions and the expected benefits resulting from the same, market trends, and Zoom's stock repurchase program. In some cases, you can identify forward-looking statements by terms such as "anticipate," "believe," "estimate," "expect," "intend," "may," "might," "plan," "project," "will," "would," "should," "could," "can," "predict," "potential," "target," "explore," "continue," or the negative of these terms, and similar expressions intended to identify forward-looking statements. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements, including: declines in new customers, renewals or upgrades, or decline in demand for our platform, difficulties in evaluating our prospects and future results of operations given our limited operating history, competition from other providers of communications platforms, the effect of macroeconomic conditions on our business, including inflation and market volatility, lengthened sales cycles with large organizations, delays or outages in services from our co-located data centers, failures in internet infrastructure or interference with broadband access, compromised security measures, including ours and those of the third parties upon which we rely, and global security concerns and their potential impact on regional and global economies and supply chains. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption "Risk Factors" and elsewhere in our most recent filings with the Securities and Exchange Commission (the "SEC"), including our quarterly report on Form 10-Q for the fiscal quarter ended July 31, 2024. Forward-looking statements speak only as of the date the statements are made and are based on information available to Zoom at the time those statements are made and/or management's good faith belief as of that time with respect to future events. Zoom assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law. Non-GAAP Financial Measures Zoom has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the United States ("GAAP"). Zoom uses these non-GAAP financial measures internally in analyzing its financial results and believes that use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing Zoom's financial results with other companies in its industry, many of which present similar non-GAAP financial measures. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with Zoom's condensed consolidated financial statements prepared in accordance with GAAP. A reconciliation of Zoom's historical non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review the reconciliation. Non-GAAP Income from Operations and Non-GAAP Operating Margin. Zoom defines non-GAAP income from operations as income from operations excluding stock-based compensation expense and related payroll taxes, acquisition-related expenses, restructuring expenses, and litigation settlements, net. Zoom excludes stock-based compensation expense because it is non-cash in nature and excluding this expense provides meaningful supplemental information regarding Zoom's operational performance and allows investors the ability to make more meaningful comparisons between Zoom's operating results and those of other companies. Zoom excludes the amount of employer payroll taxes related to employee stock plans, which is a cash expense, in order for investors to see the full effect that excluding stock-based compensation expense had on Zoom's operating results. In particular, this expense is dependent on the price of our common stock and other factors that are beyond our control and do not correlate to the operation of the business. Zoom views acquisition-related expenses when applicable, such as amortization of acquired intangible assets, transaction costs, and acquisition-related retention payments that are directly related to business combinations as events that are not necessarily reflective of operational performance during a period. Restructuring expenses are expenses associated with a formal restructuring plan and may include employee notice period costs, severance payments, and other related expenses. Zoom excludes these restructuring expenses because they are distinct from ongoing operational costs and Zoom does not believe they are reflective of current and expected future business performance and operating results. Zoom excludes significant litigation settlements, net of amounts covered by insurance, that we deem not to be in the ordinary course of our business. In fact, Zoom believes the consideration of measures that exclude such expenses can assist in the comparison of operational performance in different periods that may or may not include such expenses and assist in the comparison with the results of other companies in the industry. Zoom defines non-GAAP operating margin as non-GAAP income from operations divided by GAAP revenue. Non-GAAP Net Income and Non-GAAP Net Income Per Share, Basic and Diluted. Zoom defines non-GAAP net income as GAAP net income adjusted to exclude stock-based compensation expense and related payroll taxes, acquisition-related expenses, restructuring expenses, gains/losses on strategic investments, net, litigation settlements, net, and the tax effects of all non-GAAP adjustments. Zoom excludes these items because they are considered by management to be outside of Zoom's core operating results. These adjustments are intended to provide investors and management with greater visibility to the underlying performance of Zoom's business operations, facilitate comparison of its results with other periods, and may also facilitate comparison with the results of other companies in the industry. Zoom defines non-GAAP net income per share, basic and diluted, as non-GAAP net income divided by the number of shares outstanding, basic and diluted, calculated in accordance with GAAP. Free Cash Flow and Free Cash Flow Margin. Zoom defines free cash flow as GAAP net cash provided by operating activities less purchases of property and equipment. Zoom considers free cash flow to be a liquidity measure that provides useful information to management and investors regarding net cash provided by operating activities and cash used for investments in property and equipment required to maintain and grow the business. Zoom defines free cash flow margin as free cash flow divided by GAAP revenue. Revenue in Constant Currency. Zoom defines revenue in constant currency as GAAP revenue adjusted for revenue reported in currencies other than United States dollars as if they were converted into United States dollars using the average exchange rates from the comparative period rather than the actual exchange rates in effect during the respective periods. Zoom provides revenue in constant currency information as a framework for assessing how Zoom's underlying businesses performed period to period, excluding the effects of foreign currency fluctuations. Customer Metrics Zoom defines a customer as a separate and distinct buying entity, which can be a single paid user or an organization of any size (including a distinct unit of an organization) that has multiple users. Zoom defines Enterprise customers as distinct business units that have been engaged by either our direct sales team, resellers, or strategic partners. All other customers that subscribe to our services directly through our website are referred to as Online customers. Zoom calculates net dollar expansion rate as of a period end by starting with the annual recurring revenue ("ARR") from Enterprise customers as of 12 months prior ("Prior Period ARR"). Zoom defines ARR as the annualized revenue run rate of subscription agreements from all customers at a point in time. Zoom calculates ARR by taking the monthly recurring revenue ("MRR") and multiplying it by 12. MRR is defined as the recurring revenue run-rate of subscription agreements from all Enterprise customers for the last month of the period, including revenue from monthly subscribers who have not provided any indication that they intend to cancel their subscriptions. Zoom then calculates the ARR from these Enterprise customers as of the current period end ("Current Period ARR"), which includes any upsells, contraction, and attrition. Zoom divides the Current Period ARR by the Prior Period ARR to arrive at the net dollar expansion rate. For the trailing 12 months calculation, Zoom takes an average of the net dollar expansion rate over the trailing 12 months. Zoom calculates online average monthly churn by starting with the Online customer MRR as of the beginning of the applicable quarter ("Entry MRR"). Zoom defines Entry MRR as the recurring revenue run-rate of subscription agreements from all Online customers except for subscriptions that Zoom recorded as churn in a previous quarter based on the customers' earlier indication to us of their intention to cancel that subscription. Zoom then determines the MRR related to customers who canceled or downgraded their subscription or notified us of that intention during the applicable quarter ("Applicable Quarter MRR Churn") and divides the Applicable Quarter MRR Churn by the applicable quarter Entry MRR to arrive at the MRR churn rate for Online Customers for the applicable quarter. Zoom then divides that amount by three to calculate the online average monthly churn. Public Relations Colleen Rodriguez Head of Global Public Relations press@zoom.us Investor Relations Charles Eveslage Head of Investor Relations investors@zoom.us Zoom Communications, Inc. Condensed Consolidated Balance Sheets (In thousands) As of October 31, 2024 January 31, 2024 Assets (unaudited) Current assets: Cash and cash equivalents $ 1,273,823 $ 1,558,252 Marketable securities 6,428,214 5,404,233 Accounts receivable, net 458,007 536,078 Deferred contract acquisition costs, current 189,874 208,474 Prepaid expenses and other current assets 182,497 219,182 Total current assets 8,532,415 7,926,219 Deferred contract acquisition costs, noncurrent 113,079 138,724 Property and equipment, net 340,750 293,704 Operating lease right-of-use assets 56,878 58,975 Strategic investments 444,653 409,222 Goodwill 307,295 307,295 Deferred tax assets 730,601 662,177 Other assets, noncurrent 154,198 133,477 Total assets $ 10,679,869 $ 9,929,793 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 8,542 $ 10,175 Accrued expenses and other current liabilities 481,492 500,164 Deferred revenue, current 1,363,392 1,251,848 Total current liabilities 1,853,426 1,762,187 Deferred revenue, noncurrent 15,559 18,514 Operating lease liabilities, noncurrent 37,590 48,308 Other liabilities, noncurrent 93,460 81,378 Total liabilities 2,000,035 1,910,387 Stockholders' equity: Common stock 306 307 Additional paid-in capital 5,241,088 5,228,756 Accumulated other comprehensive (loss) income 6,787 1,063 Retained earnings 3,431,653 2,789,280 Total stockholders' equity 8,679,834 8,019,406 Total liabilities and stockholders' equity $ 10,679,869 $ 9,929,793 Note: The amount of unbilled accounts receivable included within accounts receivable, net on the condensed consolidated balance sheets was $122.6 million and $124.8 million as of October 31, 2024 and January 31, 2024, respectively. Zoom Communications, Inc. Condensed Consolidated Statements of Operations (Unaudited, in thousands, except share and per share amounts) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenue $ 1,177,541 $ 1,136,727 $ 3,481,295 $ 3,380,767 Cost of revenue 283,881 270,988 842,272 801,494 Gross profit 893,660 865,739 2,639,023 2,579,273 Operating expenses: Research and development 222,980 196,832 635,294 597,905 Sales and marketing 361,703 374,378 1,068,481 1,170,255 General and administrative 126,137 125,140 347,016 454,364 Total operating expenses 710,820 696,350 2,050,791 2,222,524 Income from operations 182,840 169,389 588,232 356,749 Gains on strategic investments, net 6,324 (25,471 ) 26,785 8,474 Other income, net 91,248 41,908 250,248 114,206 Income before provision for income taxes 280,412 185,826 865,265 479,429 Provision for income taxes 73,362 44,614 222,892 140,799 Net income 207,050 141,212 642,373 338,630 Net income per share: Basic $ 0.67 $ 0.47 $ 2.08 $ 1.13 Diluted $ 0.66 $ 0.45 $ 2.04 $ 1.10 Weighted-average shares used in computing net income per share: Basic 307,529,696 302,493,182 308,443,893 299,037,999 Diluted 314,191,269 310,389,905 314,514,244 306,852,190 Zoom Communications, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited, in thousands) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cash flows from operating activities: Net income $ 207,050 $ 141,212 $ 642,373 $ 338,630 Adjustments to reconcile net income to net cash provided by operating activities: Stock-based compensation expense 240,995 258,934 708,370 802,788 Amortization of deferred contract acquisition costs 71,227 65,164 211,040 203,908 Depreciation and amortization 32,290 26,977 88,041 77,179 Deferred income taxes (14,269 ) 6,081 (72,135 ) 20,056 (Gains) losses on strategic investments, net (6,324 ) 25,471 (26,785 ) (8,474 ) Provision for accounts receivable allowances 4,521 6,858 17,039 29,062 Unrealized foreign exchange (gains) losses (2,428 ) 18,598 4,801 23,281 Non-cash operating lease cost 5,904 5,184 17,861 15,841 Amortization of discount/premium on marketable securities (18,925 ) (15,293 ) (54,765 ) (33,307 ) Other 4,643 (1,836 ) 3,418 (5,251 ) Changes in operating assets and liabilities: Accounts receivable 66,635 58,362 74,272 71,993 Prepaid expenses and other assets (66,789 ) (40,567 ) (5,754 ) (124,455 ) Deferred contract acquisition costs (56,076 ) (53,427 ) (166,795 ) (146,354 ) Accounts payable (1,714 ) (7,257 ) (1,447 ) (2,258 ) Accrued expenses and other liabilities 50,999 58,936 (2,968 ) (15 ) Deferred revenue (27,381 ) (54,414 ) 106,248 1,918 Operating lease liabilities, net (7,141 ) (5,830 ) (22,072 ) (16,931 ) Net cash provided by operating activities 483,217 493,153 1,520,742 1,247,611 Cash flows from investing activities: Purchases of marketable securities (1,520,851 ) (1,137,431 ) (3,702,166 ) (2,963,597 ) Maturities of marketable securities 1,046,249 814,958 2,690,418 2,358,078 Sales of marketable securities 47,482 — 47,482 — Purchases of property and equipment (25,484 ) (39,987 ) (128,226 ) (108,413 ) Purchases of strategic investments — (1,800 ) (13,500 ) (52,800 ) Proceeds from strategic investments 200 — 4,854 107,244 Cash paid for acquisition, net of cash acquired — — — (204,918 ) Net cash used in investing activities (452,404 ) (364,260 ) (1,101,138 ) (864,406 ) Cash flows from financing activities: Proceeds from exercise of stock options 1,897 650 3,752 8,336 Proceeds from issuance of common stock for employee stock purchase plan — — 34,263 32,513 Proceeds from employee equity transactions (remitted) to be remitted to employees and tax authorities, net (669 ) (6,156 ) 2,190 (4,897 ) Cash paid for repurchases of common stock (301,618 ) — (739,311 ) — Net cash (used in) provided by financing activities (300,390 ) (5,506 ) (699,106 ) 35,952 Effect of exchange rate changes on cash, cash equivalents, and restricted cash 3,126 (17,492 ) (3,020 ) (21,273 ) Net (decrease) increase in cash, cash equivalents, and restricted cash (266,451 ) 105,895 (282,522 ) 397,884 Cash, cash equivalents, and restricted cash – beginning of period 1,549,309 1,392,232 1,565,380 1,100,243 Cash, cash equivalents, and restricted cash – end of period $ 1,282,858 $ 1,498,127 $ 1,282,858 $ 1,498,127 Zoom Communications, Inc. Reconciliation of GAAP to Non-GAAP Measures (Unaudited, in thousands, except share and per share amounts) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 GAAP income from operations $ 182,840 $ 169,389 $ 588,232 $ 356,749 Add: Stock-based compensation expense and related payroll taxes 246,764 266,090 733,749 813,458 Litigation settlements, net 18,000 — 16,250 52,500 Acquisition-related expenses 10,190 11,660 31,702 35,439 Restructuring expenses — — — 72,993 Non-GAAP income from operations $ 457,794 $ 447,139 $ 1,369,933 $ 1,331,139 GAAP operating margin 15.5 % 14.9 % 16.9 % 10.6 % Non-GAAP operating margin 38.9 % 39.3 % 39.4 % 39.4 % GAAP net income $ 207,050 $ 141,212 $ 642,373 $ 338,630 Add: Stock-based compensation expense and related payroll taxes 246,764 266,090 733,749 813,458 Litigation settlements, net 18,000 — 16,250 52,500 (Gains) losses on strategic investments, net (6,324 ) 25,471 (26,785 ) (8,474 ) Acquisition-related expenses 10,190 11,660 31,702 35,439 Restructuring expenses — — — 72,993 Tax effects on non-GAAP adjustments (40,614 ) (43,197 ) (99,484 ) (140,494 ) Non-GAAP net income $ 435,066 $ 401,236 $ 1,297,805 $ 1,164,052 Net income per share - basic and diluted: GAAP net income per share - basic $ 0.67 $ 0.47 $ 2.08 $ 1.13 Non-GAAP net income per share - basic $ 1.41 $ 1.33 $ 4.21 $ 3.89 GAAP net income per share - diluted $ 0.66 $ 0.45 $ 2.04 $ 1.10 Non-GAAP net income per share - diluted $ 1.38 $ 1.29 $ 4.13 $ 3.79 GAAP and non-GAAP weighted-average shares used to compute net income per share - basic 307,529,696 302,493,182 308,443,893 299,037,999 GAAP and non-GAAP weighted-average shares used to compute net income per share - diluted 314,191,269 310,389,905 314,514,244 306,852,190 Net cash provided by operating activities $ 483,217 $ 493,153 $ 1,520,742 $ 1,247,611 Less: Purchases of property and equipment (25,484 ) (39,987 ) (128,226 ) (108,413 ) Free cash flow (non-GAAP) $ 457,733 $ 453,166 $ 1,392,516 $ 1,139,198 Net cash used in investing activities $ (452,404 ) $ (364,260 ) $ (1,101,138 ) $ (864,406 ) Net cash (used in) provided by financing activities $ (300,390 ) $ (5,506 ) $ (699,106 ) $ 35,952 Operating cash flow margin (GAAP) 41.0 % 43.4 % 43.7 % 36.9 % Free cash flow margin (non-GAAP) 38.9 % 39.9 % 40.0 % 33.7 % Three Months Ended October 31, Nine Months Ended October 31, 2024 2024 Revenue YoY Revenue Growth (%) Revenue YoY Revenue Growth (%) GAAP revenue $ 1,177,541 3.6 % $ 3,481,295 3.0 % Add: Constant currency impact (213 ) — % 5,710 0.1 % Revenue in constant currency (non-GAAP) 1,177,328 3.6 % 3,487,005 3.1 % © 2024 Benzinga.com. 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Chess grandmaster Magnus Carlsen returns to a tournament after a dispute over jeans is resolved NEW YORK (AP) — Top ranked chess player Magnus Carlsen is headed back to the World Blitz Championship on Monday. That's after its governing body agreed to loosen a dress code that got him fined and denied a late-round game in another tournament for refusing to change out of jeans. The International Chess Federation president said in a statement Sunday that he’d let World Blitz Championship tournament officials consider allowing “appropriate jeans” with a jacket, as well as other "minor deviations” from the dress code. Carlsen quit the World Rapid and Blitz Chess Championships on Friday. He said Sunday he would play — and wear jeans — in the World Blitz Championship. 'Sonic 3' and 'Mufasa' battle for No. 1 at the holiday box office Two family films are dominating the holiday box office, with “Sonic the Hedgehog 3” winning the three-day weekend over “Mufasa” by a blue hair. According to studio estimates Sunday, the Sonic movie earned $38 million, while “Mufasa” brought in $37.1 million from theaters in the U.S. and Canada. The R-rated horror “Nosferatu” placed third with an unexpectedly strong $21.2 million. Thanksgiving release holdovers “Wicked” and “Moana 2” rounded out the top five. Christmas Day had several big film openings, including the Bob Dylan biopic “A Complete Unknown,” the Nicole Kidman erotic drama “Babygirl” and the boxing drama “The Fire Inside.” Charles Shyer, ‘Father of the Bride’ and ‘Baby Boom’ filmmaker, dies at 83 An Oscar-nominated writer and filmmaker known for classic comedies like “Private Benjamin,” “Baby Boom” and “Father of the Bride," Charles Shyer has died. He was 83. On Sunday his daughter Hallie Meyers-Shyer told The Associated Press that he died Friday in Los Angeles. No cause was disclosed. Born in Los Angeles in 1941 to a filmmaker father, Shyer's big breakthrough came with co-writing “Private Benjamin” for which he and Nancy Meyers received an Oscar nomination. He and Nancy Meyers were frequent collaborators through their nearly 20-year marriage, including on the remake of “The Parent Trap," starring Lindsay Lohan. LeBron James at 40: A milestone birthday arrives Monday for the NBA's all-time scoring leader When LeBron James broke another NBA record earlier this month, the one for most regular-season minutes played in a career, his Los Angeles Lakers teammates handled the moment in typical locker room fashion. They made fun of him. Dubbed The Kid from Akron, with a limitless future, James is now the 40-year-old from Los Angeles with wisps of gray in his beard, his milestone birthday coming Monday, one that will make him the first player in NBA history to play in his teens, 20s, 30s and 40s. He has stood and excelled in the spotlight his entire career. Belgium will ban sales of disposable e-cigarettes in a first for the EU BRUSSELS (AP) — Belgium will ban the sale of disposable electronic cigarettes as of Jan. 1 on health and environmental grounds in a groundbreaking move for European Union nations. Health minister Frank Vandenbroucke tells The Associated Press that the inexpensive e-cigarettes have turned into a health threat since they are an easy way for teenagers to be drawn into smoking and get hooked on nicotine. Australia outlawed the sale of “vapes” outside pharmacies earlier this year in some of the world’s toughest restrictions on electronic cigarettes. Now Belgium is leading the EU drive. Belgium's minister wants tougher tobacco measures in the 27-nation bloc. Charles Dolan, HBO and Cablevision founder, dies at 98 Charles F. Dolan, who founded some of the most prominent U.S. media companies including Home Box Office Inc. and Cablevision Systems Corp., has died at age 98. Newsday reports that a statement issued Saturday by his family says Dolan died of natural causes. Dolan’s legacy in cable broadcasting includes founding HBO in 1972, Cablevision in 1973 and the American Movie Classics television station in 1984. He also launched News 12 in New York City, the first U.S. 24-hour cable channel for local news. Dolan also held controlling stakes in companies that owned Madison Square Garden, Radio City Music Hall and the New York Knicks and New York Rangers sports franchises. Snoop's game: Snoop Dogg thrills the crowd in the bowl that bears his name TUCSON, Ariz. (AP) — Miami of Ohio beat Colorado State in the Arizona Bowl, but Snoop Dogg was the main attraction. The Snoop Dogg Arizona Bowl presented by Gin & Juice by Dre and Snoop was much a spectacle as a football game. Snoop Dogg seemed to be everywhere all at once, from a pregame tailgate to the postgame trophy presentation. Snoop Dog donned a headset on Colorado State's sideline, spent some time in the broadcast and even led both marching bands as conductor during their halftime performance. Snoop Dogg saved the best for last, rolling out in a light green, lowrider Chevy Impala with gold rims and accents, the shiny Arizona Bowl trophy in his hand as fans screamed his name. Mavs star Luka Doncic is latest pro athlete whose home was burglarized, business manager says DALLAS (AP) — Luka Doncic of the Dallas Mavericks is the latest professional athlete whose home has been burglarized. The star guard’s business manager tells multiple media outlets there was a break-in at Doncic’s home Friday night. Lara Beth Seager says nobody was home, and Doncic filed a police report. The Dallas Morning News reports that jewelry valued at about $30,000 was stolen. Doncic is the sixth known pro athlete in the U.S. whose home was burglarized since October. Star NFL quarterbacks Patrick Mahomes of Kansas City and Joe Burrow of Cincinnati are among them. The NFL and NBA have issued security alerts to players over the break-ins. Victor Wembanyama plays 1-on-1 chess with fans in New York Victor Wembanyama went to a park in New York City and played 1-on-1 with fans on Saturday. He even lost a couple of games. Not in basketball, though. Wemby was playing chess. Before the San Antonio Spurs left New York for a flight to Minnesota, Wembanyama put out the call on social media: “Who wants to meet me at the SW corner of Washington Square park to play chess? Im there,” Wembanyama wrote. It was 9:36 a.m. And people began showing up almost immediately. Norwegian chess grandmaster Magnus Carlsen quits a tournament in a dispute over jeans NEW YORK (AP) — The International Chess Federation says top ranked player Magnus Carlsen has left the World Rapid and Blitz Chess Championships after refusing to change out of the jeans he wore to the competition. The federation said Friday that its regulations include a dress code that bars participants from wearing jeans at the event. The Norwegian chess grandmaster says he accepted a $200 fine but refused to change his pants out of principle before leaving the competition in New York. The federation said the dress code is designed to ensure professionalism and fairness for all participants.Williams-Sonoma CFO Howie Jeffrey sells $560,561 in stock