Business tools, such as Google Drive, GitHub, Asana, Zapier and Salesforce, are all integrated into Slack as well. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Slack's estimated revenue worldwide in 2019 and 2025 (in million U.S. dollars) [Graph]. Analysts polled by … dollars)." "Slack's estimated revenue worldwide in 2019 and 2025 (in million U.S. The well-known SaaS chat service posted revenue of $201.7 … While Slack has grown steadily in daily active users (DAUs), from six million when Teams launched to 12 million in 2020, Microsoft Teams has surged ahead, currently at 75 million DAUs. Slack generated $630 million in revenue in 2020 , and expects to reach $4.2 billion in 2025; Slack has lost $6 billion in market cap since going public (FT) 14 percent of organisations pay for Slack; The app is used by 65 of the Fortune 100 ; Some of the largest businesses using Slack include IBM, Amazon, PayPal and Airbnb Chart. Slack’s slowing growth turns around as remote work booms.

To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. It grew at a rate of five to 10 percent a week in the first year. This feature is limited to our corporate solutions. Profit from additional features by authenticating your Admin account. Due to the team being located in three locations, it built an instant-messenger during development to better communicate online, which became a hub of activity. “There’s less visibility into how spending will trend for the remainder of the year, particularly if the economic effects of the COVID-19 pandemic persist or worsen,” Chief Financial Officer Allen Shim said in a post-earnings call with analysts. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. on Thursday posted slowing quarterly sales growth, disappointing investors who had expected a surge in demand for its workplace messaging app as companies rapidly adopt remote working tools and technology. Please check your download folder. You can change your choices at any time by visiting Your Privacy Controls. Statista. It now employs more than 2045 staff across 11 offices worldwide, generating more than $400 million in revenue last year. Slack revenue increased from $400.6 million in 2019 to $630.4 million in 2020, a (57.4%) increase. You can opt out anytime. Some of the game’s features were used to create Flickr, which he sold to Yahoo in 2004 for $25 million.

Q4 2020 results were published in March 2020, so yearly revenue for 2020 consists of April 2019 to March 2020. Seeing the opportunity, co-founder and CEO Stewart Butterfield shut down Glitch in 2012 and began to work full-time on the messaging app, which would become Slack. Microsoft has refuted those claims. The future looked great for Slack, and then Microsoft announced Teams. On Thursday, Slack forecast 2021 sales between $855 million and $870 million, representing a growth rate of 38% at the top end of the range. Are you interested in testing our corporate solutions? But unlike Zoom, which earlier this week nearly doubled its expectations for annual sales, Slack’s lukewarm guidance and revenue growth underwhelmed investors who were expecting a blowout quarter.

Yahoo is part of Verizon Media. Investors had heightened expectations going into the quarter, and may have expected growth to be higher than reported, said D.A. From a high of $23 billion post-IPO, Slack is now valued at $17 billion. This statistic is not included in your account. Slack Technologies annual/quarterly revenue history and growth rate from 2018 to 2020. Please contact us to get started with full access to dossiers, forecasts, studies and international data. (July 5, 2019). Microsoft appears set on making Teams the communications platform for everyone, but that doesn’t necessarily mean Slack will be crushed. In 2016, Slack debuted a flurry of new features to push it beyond the competition, including an app and bot ecosystem. Dollars). Social distancing protocols have led many companies to shift to remote work, expanding the market for apps that allow workers to stay in touch and boosting Wall Street expectations for companies such as Zoom Video Communications ZM.O and Slack. Slack is now worth a massive £13.2 billion with a market share of 2.26%. Slack Technologies annual/quarterly revenue history and growth rate from 2018 to 2020. Marketplace | News & Insights | Data | Events, Stewart Butterfield (co-founder, CEO), Cal Henderson (co-founder, CTO), Slack generated $630 million in revenue in 2020 (, Slack has lost $6 billion in market cap since going public, 14 percent of organisations pay for Slack, The app is used by 65 of the Fortune 100 (, Some of the largest businesses using Slack include IBM, Amazon, PayPal and, Users are active for 90 minutes per day on weekdays (, Using Slack reduces emails by 32 percent and meetings by 27 percent, 1.5 billion messages were sent on the service weekly, Slack’s ‘North Star’ metric, which is when a user sees value in the app, is 2000 sent messages, according to CEO Stewart Butterfield (, Over 500,000 registered developers use Slack, There are 2,000 apps and 750 bots in the Slack App Directory (. As soon as this statistic is updated, you will immediately be notified via e-mail. Slack generated revenue of $400.6 million in the year ended Jan. 31, 2019, an 82% increase from the previous year, but growth is slowing. It was an instant success, receiving 8,000 requests in the first day and 15,000 by the second week.

Slack Technologies Inc. operates Slack, a business technology software platform primarily in the United States and internationally. There were some bright lights. The company also expects to lose $0.03 to $0.04 per share in the three-month period on an adjusted basis.

Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. See here for a complete list of exchanges and delays. You only have access to basic statistics. For the 2021 fiscal year Slack said it expects an adjusted loss of 14 cents to 13 cents per share and revenue of $870 million to $876 million. Slack joins Salesforce and Smartsheet in turning in earnings recently that did not delight the investing classes. ", GP Bullhound, Slack's estimated revenue worldwide in 2019 and 2025 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1025227/worldwide-slack-revenue/ (last visited October 23, 2020), Slack's estimated revenue worldwide in 2019 and 2025, Customer relationship management in France, CRM software market revenue in Europe 2016-2021, Revenue of the CRM outsourcing market in France 2014-2018, Breakdown of contact center employees by diploma in France 2018, Location of contact centers by region in France 2018, Breakdown of the workforce in the customer relations sector by region in France 2018, Breakdown of the workforce of the French customer relationship market by age 2018, Employee breakdown of customer relationship market by contract in France 2018, Customer relationship management (CRM) software usage in France 2019, by industry, Cloud-based CRM software usage in France 2014-2016, by industry, Customer relationship management software usage in France 2019, by company size, Sales of the main outsourcers of the CRM sector in France 2018, Customer relationship outsourcing revenue by location in France 2018, Breakdown of the type of bots set up by companies in France in 2019, Distribution of the types of bots desired by non-equipped companies in France in 2019, Benefits of installing a bot for companies in France 2019, Expected uses of a bot among non-equipped companies in France 2019, Criteria of an effective chatbot according to marketing professionals in France 2017, Office productivity software market share worldwide 2020, Slack: active vs paying user comparison, 2014-2019, Enterprise productivity software market value worldwide 2019-2025, Slack DAU and MAU forecast worldwide 2019-2025, Comparison of traffic sources to Slack and Salesforce webpages 2019, Number of Office 365 company users worldwide 2020, by country, Sales force productivity and management application market share worldwide 2019, Percentage increase of team productivity after adoption of Slack 2015, Attitude toward increased team transparency after adoption of Slack 2015, Percentage range of reduced internal email after adoption of Slack 2015, Percentage range of reduced meetings after adoption of Slack 2015, Attitude toward improved culture of team after adoption of Slack 2015, Attitude toward ease of finding information after adoption of Slack 2015, Usage of office productivity suites in NA/UK 2017, Market size of social software and collaboration in workplace worldwide 2018 and 2023, Evernote: number of registered users 2009-2016, Most popular collaboration and sharing tools in organizations U.S. 2018, Slack's estimated revenue worldwide in 2019 and 2025 (in million U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre.

Driven by a 42… Both were run by entrepreneurs who had made millions from their previous venture (Flickr and OpenFeint) and then released a video game to muted reception. and over 1 Mio. GP Bullhound. By Bharath ManjeshR, Aparajita Saxena. This is partly due to Microsoft marketing Teams as a catch-all solution for people and organisations affected by COVID-19. Learn more about how Statista can support your business. previously discussed how quickly it was growing, sold $750 million in convertible senior notes. (reut.rs/3dLITgh), Reporting by Neha Malara and Manas Mishra in Bengaluru; Editing by Devika Syamnath.