Zoom's stake in Anthropic has increased in value to $3.13 billion

BlockBeats News, August 27th, Video conferencing giant Zoom expects an adjusted earnings per share of $1.46 to $1.48 for the third quarter, below the analyst average expectation of $1.50 as reported by LSEG, indicating that the company's profit performance is still being squeezed by the ongoing competition in the video conferencing market as it continues to enhance its AI capabilities. After the financial report was released, Zoom's stock price fell 3.8% in after-hours trading.

Zoom expects third-quarter revenue to be $12.75 billion to $12.8 billion, with the analyst average expectation at $12.8 billion. The company is currently rolling out AI Companion, Meeting Receptionist, and Zoom AI Services tailored for enterprise clients to attract more users, but it is facing fierce competition from Microsoft Teams and Google Meet under Alphabet.

The value of Zoom's stake in Anthropic has increased to $3.13 billion. According to the company's disclosure, in the three months ending in July, this investment yielded a realized gain of $1.61 billion. Zoom initially invested in Anthropic in early 2023, establishing a partnership to integrate Anthropic's Claude model into Zoom's product. Additionally, Zoom revealed that in the first six months of this year up to July, the company made an additional investment of $301 million in Anthropic.