Zoom Communications Inc reported third-quarter financial results after the market close on Monday. Here’s a look at the key details from the quarter.

Q3 Earnings: Zoom reported third-quarter revenue of $1.18 billion, beating the consensus estimate of $1.16 billion. The communications company reported third-quarter adjusted earnings of $1.38 per share, beating analyst estimates of $1.31 per share.

Zoom has now beat analyst estimates on the top and bottom lines in nine consecutive quarters, according to data from Benzinga Pro.

Total revenue was up 3.6% on a year-over-year basis. Enterprise revenue was up 5.8% year-over-year, while online revenue was flat year-over-year. Zoom noted online monthly average churn reached an all-time low of 2.7% in the quarter.

Net cash provided by operating activities was $483.2 million in the third quarter, down 2% year-over-year. Free cash flow came in at $457.7 million, up 1% year-over-year.

Zoom ended the quarter with approximately 192,400 enterprise customers; 3,995 of those customers were contributing more than $100,000 in trailing 12 months revenue at quarter’s end, up approximately 7.1% year-over-year. The company said it ended the quarter with $7.7 billion in cash, cash equivalents and marketable securities.

Zoom said its board authorized the repurchase of an additional $1.2 billion of its common stock in November, bringing the total remaining amount under the buyback to $2 billion.

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Guidance: Zoom expects fiscal fourth-quarter revenue to be in the range of $1.175 billion to $1.18 billion versus estimates of $1.17 billion. The company sees fourth-quarter adjusted earnings of $1.29 to $1.30 per share versus estimates of $1.28 per share. 

Zoom expects full-year revenue of $4.656 billion to $4.661 billion versus estimates of $4.64 billion. Full-year earnings are expected to be between $5.41 and $5.43 per share versus estimates of $5.35 per share.

“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 Yuan, founder and CEO of Zoom.

Zoom announced that it changed its name from Zoom Video Communications ( ZM ) to Zoom Communications on Monday. Management will further discuss the quarter on a conference call with analysts and investors at 5 p.m. ET.

ZM Price Action: Zoom shares were down about 2.31% after hours, trading at $86.97 at the time of publication, according to Benzinga Pro.

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