AI Drives Growth for Xometry and Zoom in Q4 2024 Financial Results

AI-Powered Marketplace Boosts Xometry's Q4 Performance

Xometry, Inc., the global AI-powered marketplace connecting buyers with manufacturing service suppliers, reported strong financial results for Q4 2024. The company's AI-driven platform continued to gain market share and deliver record financial outcomes 1

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Key highlights from Xometry's Q4 2024 results include:

• Revenue increased 16% year-over-year to a record $149 million
• Marketplace revenue grew 20% year-over-year to $135 million
• Gross profit rose 20% year-over-year to $59 million
• Marketplace gross margin reached a record 34%, up 320 basis points year-over-year
• Adjusted EBITDA improved by $3 million to a profit of $1 million

Randy Altschuler, Xometry's CEO, attributed the company's success to its AI-powered marketplace, which has become increasingly crucial for customers seeking supply chain resiliency 1

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Xometry's AI-Driven Innovations and Expansion

Xometry's growth strategy in Q4 2024 focused on leveraging AI technology and expanding its global reach:

1. Supplier network expansion: The number of Active Suppliers grew 28% year-over-year to 4,375, with a focus on key quality certifications 1

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2. International pricing: Introduced international economy pricing on the Xometry marketplace, allowing domestic customers to quote additive processes with global suppliers 1

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3. Industry certifications: Retained IATF 16949 certification for the automotive industry, complementing existing AS9100 and ISO13485 certifications for aerospace, defense, and medical devices 1

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4. AI patent: Secured a new patent for the Xometry Instant Quoting Engine®, bringing the company's total to 12 U.S. patents related to machine learning for manufacturing predictions 1

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Zoom Communications: AI-First Transformation Drives Growth

Zoom Communications, Inc., now positioning itself as an AI-first work platform, also reported strong financial results for Q4 and fiscal year 2025 2

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Key highlights from Zoom's Q4 and FY 2025 results include:

• Q4 total revenue increased 3% year-over-year to $1,184 million
• FY 2025 total revenue grew 3% to $4,665 million
• Q4 Enterprise revenue rose 5% year-over-year to $706 million
• Q4 GAAP operating margin improved to 19%, up 430 basis points year-over-year
• FY 2025 operating cash flow increased 21% year-over-year to $1,945 million

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Zoom's AI-Driven Transformation and Future Outlook

Eric S. Yuan, Zoom's founder and CEO, emphasized the role of Zoom AI Companion in transforming the company into an AI-first organization:

1. Enhanced productivity: Zoom AI Companion enabled customers to discover new productivity opportunities 2

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2. Agentic AI development: The company is focusing on making Zoom AI Companion increasingly agentic, aiming to help customers realize the full potential of AI agents 2

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3. Strategic growth areas: Contact Center and Workvivo solutions showed significant progress in Q4, with strategic logo wins and upmarket momentum 2

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Both Xometry and Zoom Communications demonstrate the growing importance of AI technology in driving business growth, operational efficiency, and customer value in their respective industries. As these companies continue to innovate and expand their AI capabilities, they are well-positioned to capitalize on the increasing demand for AI-powered solutions in the manufacturing and communication sectors.