Zoom Communications Inc (NASDAQ:ZM) 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.

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 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.