As video conferencing stocks’ Q1 earnings season wraps, let's dig into this quarter's best and worst performers, including Five9 (NASDAQ:FIVN) and its peers.

Work is becoming more distributed, both across geographies and devices. In order for businesses to keep functioning efficiently, they need to be able to communicate as well as they did when the teams were co-located, which drives the demand for integrated communication platforms.

The 4 video conferencing stocks we track reported a slower Q1; on average, revenues beat analyst consensus estimates by 1.85%, while on average next quarter revenue guidance was 0.1% under consensus. Increasing interest rates hurt growth companies as investors search for near-term cash flows, but video conferencing stocks held their ground better than others, with the share prices up 18.4% since the previous earnings results, on average.

Best Q1: Five9 (NASDAQ:FIVN)

Started in 2001, Five9 (NASDAQ: FIVN) offers software as a service that makes it easier for companies to set up and efficiently run call centers, and offer more tailored customer support.

Five9 reported revenues of $218.4 million, up 19.5% year on year, beating analyst expectations by 5.03%. It was a decent quarter for the company, with a solid beat of analyst estimates but a decline in gross margin.

“We continue to be a leader in the industry in AI and Automation, which is becoming front and center in the contact center and CX market, and we are focused on leveraging our unique position to harness its power in a way that will deliver the most value for customers. We had a strong start to the year and are keenly focused on executing against our long-term market opportunity as we take advantage of the growing strategic importance of delivering enhanced customer experience through our intelligent CX platform.” - Mike Burkland, Chairman and CEO, Five9

Five9 pulled off the strongest analyst estimates beat, fastest revenue growth, and highest full year guidance raise of the whole group. The stock is up 34.8% since the results and currently trades at $76.

Is now the time to buy Five9? Access our full analysis of the earnings results here, it's free.

RingCentral (NYSE:RNG)

Founded in 1999 during the dot-com era, RingCentral (NYSE:RNG) provides software as a service that unifies phone, text, fax, video calls and chat in one platform.

RingCentral reported revenues of $533.7 million, up 14.1% year on year, beating analyst expectations by 1.07%. It was a decent quarter for the company, with strong free cash flow generation and revenue guidance for the next quarter roughly in line with analysts' estimates.

The stock is up 22.7% since the results and currently trades at $32.5.

Is now the time to buy RingCentral? Access our full analysis of the earnings results here, it's free.

Weakest Q1: 8x8 (NYSE:EGHT)

Founded in 1987, 8x8 (NYSE:EGHT) provides software for organizations to efficiently communicate and collaborate with their customers, employees, and partners.

8x8 reported revenues of $184.5 million, up 1.74% year on year, missing analyst expectations by 0.65%. It was a weak quarter for the company, with underwhelming guidance for the next year.

8x8 had the weakest performance against analyst estimates, slowest revenue growth, and weakest full year guidance update in the group. The company lost eight enterprise customers paying more than $100,000 annually and ended up with a total of 1,301. The stock is up 22.5% since the results and currently trades at $3.95.

Read our full analysis of 8x8's results here.

Zoom Video (NASDAQ:ZM)

Started by Eric Yuan who once ran engineering for Cisco’s video conferencing business, Zoom (NASDAQ:ZM) offers an easy to use, cloud-based platform for video conferencing, audio conferencing and screen sharing.

Zoom Video reported revenues of $1.11 billion, up 2.94% year on year, beating analyst expectations by 1.94%. It was a mixed quarter for the company, with decelerating growth in large customers and a decline in net revenue retention rate. However, guidance was solid, with next quarter's revenue and adjusted operating profit guidance both slightly ahead. Additionally, full year revenue and adjusted operating profit guidance were both raised and are ahead of consensus.

The company added 109 enterprise customers paying more than $100,000 annually to a total of 3,580. The stock is down 6.29% since the results and currently trades at $66.99.

Read our full, actionable report on Zoom Video here, it's free.

The author has no position in any of the stocks mentioned