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Vimeo(VMEO) - 2023 Q4 - Earnings Call Transcript
2024-02-22 03:28
Vimeo, Inc. (NASDAQ:VMEO) Q4 2023 Earnings Conference Call February 21, 2024 5:00 PM ET Company Participants Adam Gross - Interim CEO Gillian Munson - CFO Conference Call Participants Tom Champion - Piper Sandler Cory Carpenter - JPMorgan Brian Fitzgerald - Wells Fargo William Kerr - TD Cowen David Lustberg - Jefferies Operator Hello, and thank you for joining Vimeo's Q4 and Full Year 2023 Earnings Live Q&A. Before we begin a few comments First, this session will be recorded and available on the Vimeo Inves ...
Vimeo(VMEO) - 2023 Q4 - Annual Report
2024-02-21 22:53
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40420 VIMEO, INC. (Exact Name of Registrant as Specified in its Charter) Delaware (State or Other Jurisdiction of Incorporation or Or ...
Vimeo(VMEO) - 2023 Q4 - Annual Results
2024-02-21 21:02
Part I [Shareholder Letter](index=2&type=section&id=Shareholder%20Letter) [Strategic Overview and Business Performance](index=2&type=section&id=Strategic%20Overview%20and%20Business%20Performance) Vimeo is shifting to a product-led growth model, re-orienting enterprise offerings and reducing marketing spend, which significantly improved 2023 profitability - The company is re-orienting its enterprise products around three primary use cases: marketers acquiring customers, employees using video for internal communications, and media businesses monetizing video[5](index=5&type=chunk) - Vimeo is shifting its Self-Serve & Add-Ons business to a product-led growth strategy, increasing product investments while reducing marketing spend, which may impact near-term bookings but is expected to improve long-term conversion and retention[7](index=7&type=chunk) - Welcomed new enterprise customers in Q4 including Hermes, Domino's Pizza, Southwest Airlines, Gartner, and Toyota, many of whom started as self-serve subscribers[6](index=6&type=chunk) 2023 Profitability Improvement (YoY) | Metric | Improvement (YoY) | | :--- | :--- | | Net Income | Up more than $100 million | | Adjusted EBITDA | Up more than $40 million | [2024 Financial Context and Outlook](index=3&type=section&id=2024%20Financial%20Context%20and%20Outlook) Vimeo anticipates 2024 top-line declines due to legacy product deprecation and reduced advertising, but expects to maintain Adjusted EBITDA profitability and return to growth in H2 2024 - The company is proactively deprecating products such as Magisto, WIREWAX, and Wibbitz, which is expected to create a revenue headwind in 2024 as the 'Other' segment still comprised **17%** of Q4 revenue[12](index=12&type=chunk) - Advertising expenses will continue to be reduced in 2024, following reductions of **12% in 2022** and **21% in 2023**, to reallocate funds towards product-led growth initiatives[13](index=13&type=chunk) - The company expects a gross margin near **77% in 2024** and plans to increase investment in research and development[14](index=14&type=chunk) - Overall bookings and revenue are projected to be down year-over-year in 2024, but Adjusted EBITDA is expected to grow before the impact of substituting cash for some equity compensation[16](index=16&type=chunk) [Q4 Financial Overview](index=4&type=section&id=Q4%20Financial%20Overview) Q4 2023 Key Financial Metrics | Metric | Value | | :--- | :--- | | Total Bookings | $101M | | Total Revenue | $106M | | Gross Margin | 78% | | Net Income | $8M | | Adjusted EBITDA* | $13M | | Ending Cash | $301M | | Cash Provided by Operating Activities | $10M | | Free Cash Flow* | $10M | [Q4 Financial Details](index=5&type=section&id=Q4%20Financial%20Details) [Bookings & Revenue](index=6&type=section&id=Bookings%20%26%20Revenue) Q4 2023 saw total bookings decrease by **3%** year-over-year, while total revenue remained flat at **$106 million**, marking the best YoY comparison since Q3 2022 Q4 Total Bookings & Revenue | Metric | Q4 2023 | YoY Change | | :--- | :--- | :--- | | Total Bookings | $101M | -3% | | Total Revenue | $106M | 0% | [Vimeo Enterprise](index=7&type=section&id=Vimeo%20Enterprise) Vimeo Enterprise achieved significant Q4 growth with bookings up **34%** and revenue up **61%** year-over-year, driven by a **49%** subscriber increase and **103%** Net Revenue Retention Vimeo Enterprise Q4 Performance (YoY) | Metric | Q4 2023 | YoY Change | | :--- | :--- | :--- | | Bookings | $21.6M | +34% | | Revenue | $16.8M | +61% | | Subscribers | 3,300 | +49% | | ARPU | $20,953 | +9% | - Net Revenue Retention (NRR) for the Enterprise segment was **103%** in Q4[29](index=29&type=chunk) - Key customer wins in Q4 include the University of Southern California, Hermès, Cooley, Aramco Europe, Domino's Pizza, Zuora, Southwest Airlines, Gartner, and Toyota Motor Corp[30](index=30&type=chunk) [Self-Serve & Add-Ons](index=8&type=section&id=Self-Serve%20%26%20Add-Ons) The Self-Serve & Add-Ons segment stabilized in Q4, with improved YoY decline rates in bookings and revenue, despite an **8%** subscriber decrease, offset by a **6%** ARPU increase Self-Serve & Add-Ons Q4 Performance (YoY) | Metric | Q4 2023 | YoY Change | | :--- | :--- | :--- | | Bookings | $68.0M | -3% | | Revenue | $71.2M | -3% | | Subscribers | 1.4M | -8% | | ARPU | $203 | +6% | - The company observed year-over-year improvements in conversion and AOV, which helped offset traffic impacts from reduced advertising spend[37](index=37&type=chunk) - Bookings and logo retention rates were up both year-over-year and quarter-over-quarter[37](index=37&type=chunk) [Other](index=9&type=section&id=Other) The 'Other' business segment experienced a significant Q4 decline, with bookings down **36%** year-over-year to **$12 million**, partly due to renewal timing Other Segment Q4 Performance (YoY) | Metric | Q4 2023 | YoY Change | | :--- | :--- | :--- | | Bookings | $11.6M | -36% | | Revenue | $17.6M | -18% | [Expense & Profitability](index=10&type=section&id=Expense%20%26%20Profitability) Vimeo's strong expense discipline in Q4, including a **12%** YoY reduction in GAAP operating expenses and **17%** in advertising spend, led to a net income of **$8 million** and record Adjusted EBITDA of **$13 million** - GAAP and non-GAAP gross profit margins were both **78%**, up one percentage point year-over-year[43](index=43&type=chunk) - Total GAAP operating expenses fell **12%** YoY, and Q4 headcount ended at **1,070**, down **13%** YoY[45](index=45&type=chunk) - Advertising spend was reduced by **17%** year-over-year in Q4 as part of a strategy to shift resources to product initiatives[49](index=49&type=chunk) Q4 Profitability Metrics | Metric | Q4 2023 | Q4 2022 | | :--- | :--- | :--- | | Net Income | $8.4M | ($5.1M) | | Adjusted EBITDA | $13.3M | $6.5M | [Balance Sheet & Cash Flow](index=12&type=section&id=Balance%20Sheet%20%26%20Cash%20Flow) Vimeo ended Q4 with a healthy balance sheet, **$301 million** in cash, and generated **$10 million** in both net cash from operating activities and Free Cash Flow, an **$8 million** YoY improvement - Ended Q4 with **$301 million** in cash and cash equivalents, up **$27 million** year-over-year[55](index=55&type=chunk) - Generated **$38 million** in cash from operations for the full year 2023[55](index=55&type=chunk) Q4 Cash Flow (YoY) | Metric | Q4 2023 | YoY Change | | :--- | :--- | :--- | | Net Cash from Operating Activities | $10M | +$8M | | Free Cash Flow | $10M | +$8M | [Financial Guidance](index=12&type=section&id=Financial%20Guidance) Vimeo projects full-year 2024 revenue to decline **4-8%** to **$385-400 million** with flat Adjusted EBITDA, while Q1 2024 revenue is expected around **$100 million** with **$7-9 million** Adjusted EBITDA Full Year 2024 Guidance | Metric | Guidance Range | | :--- | :--- | | Revenue | $385M - $400M (down 8% to 4% YoY) | | Operating Loss | Approx. $5M | | Adjusted EBITDA | Essentially flat with 2023 | Q1 2024 Guidance | Metric | Guidance Range | | :--- | :--- | | Revenue | Approx. $100M | | Operating Loss | $2M - $4M | | Adjusted EBITDA | $7M - $9M | [GAAP Financial Statements](index=14&type=section&id=GAAP%20Financial%20Statements) [Consolidated Statement of Operations](index=14&type=section&id=Consolidated%20Statement%20of%20Operations) For the twelve months ended December 31, 2023, total revenue was **$417.2 million**, but significant operating expense reductions led to an operating income of **$13.0 million** and net earnings of **$22.0 million**, a turnaround from 2022 losses Full Year Statement of Operations Highlights ($ in thousands) | Metric | 2023 | 2022 | | :--- | :--- | :--- | | Revenue | $417,214 | $433,028 | | Gross Profit | $325,638 | $329,433 | | Total Operating Expenses | $312,591 | $412,371 | | Operating Income (Loss) | $13,047 | ($82,938) | | Net Earnings (Loss) | $22,032 | ($79,591) | | Diluted EPS | $0.13 | ($0.49) | [Consolidated Balance Sheet](index=15&type=section&id=Consolidated%20Balance%20Sheet) As of December 31, 2023, Vimeo's balance sheet shows total assets increased to **$622.9 million**, cash and cash equivalents grew to **$301.4 million**, and total shareholders' equity rose to **$382.2 million** Balance Sheet Highlights ($ in thousands) | Metric | Dec 31, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Cash and cash equivalents | $301,372 | $274,497 | | Total current assets | $351,468 | $324,326 | | Total Assets | $622,920 | $605,431 | | Deferred revenue | $168,610 | $167,388 | | Total Liabilities | $240,688 | $251,573 | | Total shareholders' equity | $382,232 | $353,858 | [Consolidated Statement of Cash Flows](index=16&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) For full year 2023, Vimeo generated **$37.8 million** in net cash from operating activities, a significant improvement from 2022, resulting in a **$26.6 million** net increase in cash and ending with **$301.4 million** in cash and cash equivalents Full Year Statement of Cash Flows Highlights ($ in thousands) | Metric | 2023 | 2022 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $37,785 | ($37,071) | | Net cash (used in) provided by investing activities | $531 | $830 | | Net cash used in financing activities | ($11,695) | ($10,588) | | Net increase (decrease) in cash | $26,602 | ($47,511) | [Disaggregated Revenue and Operating Metrics](index=17&type=section&id=Disaggregated%20Revenue%20and%20Operating%20Metrics) Full year 2023 segment performance shows Vimeo Enterprise bookings grew **53%** to **$71.4 million**, while Self-Serve & Add-Ons and 'Other' segments experienced declines due to legacy product de-emphasis Full Year 2023 Segment Performance | Segment | Metric | 2023 | 2022 | | :--- | :--- | :--- | :--- | | **Self-Serve & Add-Ons** | Revenue | $285.5M | $304.7M | | | Subscribers (EOP) | 1,379.7k | 1,505.0k | | | Bookings | $281.5M | $297.3M | | **Vimeo Enterprise** | Revenue | $56.5M | $39.3M | | | Subscribers (EOP) | 3.3k | 2.2k | | | Bookings | $71.4M | $46.8M | | **Other** | Revenue | $75.2M | $89.0M | | | Subscribers (EOP) | 67.0k | 93.3k | | | Bookings | $50.1M | $67.0M | [Supplemental Information](index=18&type=section&id=Supplemental%20Information) [Reconciliations of GAAP to Non-GAAP Measures](index=18&type=section&id=Reconciliations%20of%20GAAP%20to%20Non-GAAP%20Measures) This section details reconciliations of GAAP to non-GAAP measures, adjusting for non-cash expenses to derive metrics like Adjusted EBITDA, which for Q4 2023 was **$13.3 million** from **$5.6 million** operating income - Adjusted EBITDA is calculated by taking operating income (loss) and excluding stock-based compensation, depreciation, amortization of intangibles, and restructuring costs[77](index=77&type=chunk) - Free Cash Flow is defined as net cash from operating activities less capital expenditures, contingent consideration payments, and restructuring costs[81](index=81&type=chunk) [Principles of Financial Reporting & Definitions](index=21&type=section&id=Principles%20of%20Financial%20Reporting%20%26%20Definitions) Vimeo defines its non-GAAP financial measures, including Adjusted EBITDA and Free Cash Flow, and provides specific definitions for its business segments and key operating metrics like Subscribers, ARPU, and Bookings - Defines "Self-Serve & Add-Ons" as subscription plans sold directly online, including Starter, Standard, and Advanced plans[87](index=87&type=chunk) - Defines "Vimeo Enterprise" as the video offering for teams and organizations sold through a sales force, which includes advanced security and marketing integrations[88](index=88&type=chunk) - Defines "Bookings" as fixed fees for SaaS services that subscribers have paid or committed to pay during their subscription period or 12 months, whichever is shorter[92](index=92&type=chunk) [Dilutive Securities](index=23&type=section&id=Dilutive%20Securities) This section outlines Vimeo's potential dilutive securities, including **12.4 million** SARs/stock options and **12.5 million** RSUs as of February 15, 2024, with estimated dilution ranging from **3.7%** to **5.4%** at various stock prices Outstanding Dilutive Securities (as of 2/15/2024) | Security Type | Shares (millions) | | :--- | :--- | | SARs and Stock Options | 12.4 | | RSUs | 12.5 | [Other Information](index=24&type=section&id=Other%20Information) This section contains cautionary statements regarding forward-looking information, outlines Vimeo's corporate overview as a video experience platform, and provides investor relations contact details - The report contains forward-looking statements subject to risks and uncertainties, and actual results could differ materially from those projected[101](index=101&type=chunk)
Vimeo(VMEO) - 2023 Q3 - Earnings Call Transcript
2023-11-07 06:52
Start Time: 17:00 January 1, 0000 5:19 PM ET Vimeo, Inc. (NASDAQ:VMEO) Q3 2023 Earnings Conference Call November 06, 2023, 17:00 PM ET Company Participants Adam Gross - Interim CEO Gillian Munson - CFO Ken Goff - Head, IR Conference Call Participants Youssef Squali - Truist Tom Champion - Piper Sandler Brian Fitzgerald - Wells Fargo David Lustberg - Jefferies William Kerr - TD Cowen Gillian Munson [Starts Abruptly] …putting 2023 in perspective, and during the year, we had three financial goals, delivering ...
Vimeo(VMEO) - 2023 Q3 - Quarterly Report
2023-11-06 22:50
Table of Contents As filed with the Securities and Exchange Commission on November 7, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File No. 001-40420 VIMEO, INC. (Exact nam ...
Vimeo(VMEO) - 2023 Q2 - Earnings Call Transcript
2023-08-02 18:11
Vimeo, Inc. (NASDAQ:VMEO) Q2 2023 Earnings Conference Call August 2, 2023 8:30 AM ET Company Participants Ken Goff – Head-Investor Relations Gillian Munson – Chief Financial Officer Adam Gross – Interim Chief Executive Officer Anjali Sud – Chief Executive Officer Conference Call Participants Brian Fitzgerald – Wells Fargo Tom Champion – Piper Sandler William Kerr – TD Cowen Chris Zhang – Truist David Lustberg – Jefferies Ken Goff Hi. I’m Ken Goff, Vimeo’s Head of Investor Relations. Thank you for watching o ...
Vimeo(VMEO) - 2023 Q2 - Quarterly Report
2023-08-02 13:15
PART I [Consolidated Financial Statements](index=5&type=section&id=Item%201.%20Consolidated%20Financial%20Statements) This section presents Vimeo's unaudited consolidated financial statements for the period ended June 30, 2023, covering balance sheets, operations, cash flows, and detailed notes [Consolidated Balance Sheet](index=5&type=section&id=Consolidated%20Balance%20Sheet) The consolidated balance sheet provides a snapshot of Vimeo's financial position, detailing assets, liabilities, and equity at period-end Consolidated Balance Sheet Summary (in thousands) | Account | June 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total Assets** | **$596,061** | **$605,431** | | Cash and cash equivalents | $278,445 | $274,497 | | Goodwill | $245,406 | $245,406 | | **Total Liabilities** | **$243,168** | **$251,573** | | Deferred revenue | $173,995 | $167,388 | | **Total Shareholders' Equity** | **$352,893** | **$353,858** | [Consolidated Statement of Operations](index=6&type=section&id=Consolidated%20Statement%20of%20Operations) Vimeo's Q2 2023 operations show a revenue decrease but a significant turnaround to net earnings, driven by reduced operating expenses Statement of Operations Highlights (in thousands, except per share data) | Metric | Q2 2023 | Q2 2022 | H1 2023 | H1 2022 | | :--- | :--- | :--- | :--- | :--- | | Revenue | $101,835 | $110,977 | $205,417 | $219,331 | | Gross Profit | $78,990 | $84,099 | $158,900 | $165,697 | | Operating Income (Loss) | $4,595 | $(27,297) | $1,790 | $(53,552) | | Net Earnings (Loss) | $5,871 | $(26,502) | $5,173 | $(53,060) | | Diluted EPS | $0.03 | $(0.16) | $0.03 | $(0.33) | [Consolidated Statement of Cash Flows](index=9&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) The statement of cash flows highlights a significant improvement in net cash provided by operating activities for the first half of 2023 Cash Flow Summary (Six Months Ended June 30, in thousands) | Activity | 2023 | 2022 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $11,196 | $(48,710) | | Net cash provided by investing activities | $532 | $1,002 | | Net cash used in financing activities | $(7,615) | $(5,729) | | Net increase (decrease) in cash | $3,959 | $(53,925) | [Note 2—Revenue](index=11&type=section&id=Note%202%E2%80%94Revenue) Revenue is primarily derived from SaaS subscriptions, with detailed disaggregation by category and geographic region for the period Disaggregated Revenue (Six Months Ended June 30, in thousands) | Category | 2023 | 2022 | | :--- | :--- | :--- | | Self-Serve & Add-Ons | $142,423 | $154,337 | | Vimeo Enterprise | $24,471 | $18,896 | | Other | $38,523 | $46,098 | | **Total** | **$205,417** | **$219,331** | Revenue by Geography (Six Months Ended June 30, in thousands) | Region | 2023 | 2022 | | :--- | :--- | :--- | | United States | $108,899 | $109,881 | | All other countries | $96,518 | $109,450 | | **Total** | **$205,417** | **$219,331** | [Note 5—Revolving Credit Facility](index=14&type=section&id=Note%205%E2%80%94Revolving%20Credit%20Facility) The company terminated its $100 million revolving credit facility, effective June 30, 2023, with all outstanding obligations settled - Vimeo terminated its **$100 million** revolving credit facility effective June 30, 2023[60](index=60&type=chunk) [Note 8—Stock-Based Compensation](index=16&type=section&id=Note%208%E2%80%94Stock-Based%20Compensation) Significant changes in stock-based compensation resulted from amendments to executive agreements and a reversal of previously recognized expenses - Following the resignation of Chairman Joseph Levin, his Restricted Stock Agreement was amended, reducing the share count by one-third and leading to a reversal of **$14.8 million** in stock-based compensation expense in Q1 2023[71](index=71&type=chunk)[72](index=72&type=chunk)[74](index=74&type=chunk) - CEO Anjali Sud's RSU award agreement was amended in March 2023, but the award is not expected to vest following her announced intention to step down as CEO, effective August 31, 2023[75](index=75&type=chunk) [Note 11—Contingencies](index=19&type=section&id=Note%2011%E2%80%94Contingencies) Vimeo is involved in several significant legal proceedings, primarily related to copyright infringement and a class action lawsuit - Vimeo is appealing an **EUR 8.5 million** judgment in a copyright case brought by Italian broadcaster RTI, which has initiated proceedings in New York to enforce the judgment[99](index=99&type=chunk) - The company is defending against copyright infringement lawsuits from EMI/Capitol Records in the U.S. and Sony, Universal, and Warner Music in Italy[89](index=89&type=chunk)[103](index=103&type=chunk) - A preliminary approval has been granted for a **$2.3 million** settlement in a class action lawsuit concerning the Illinois Biometric Information Privacy Act (BIPA)[106](index=106&type=chunk) [Note 13—Restructuring](index=22&type=section&id=Note%2013%E2%80%94Restructuring) Vimeo completed a restructuring plan in Q1 2023, reducing its workforce by 11% and incurring one-time termination benefits Restructuring Costs (Six Months Ended June 30, 2023, in thousands) | Category | Cost | | :--- | :--- | | Cost of revenue | $298 | | Research and development expense | $2,813 | | Sales and marketing expense | $1,078 | | General and administrative expense | $699 | | **Total** | **$4,888** | - The restructuring plan involved a workforce reduction of approximately **11%** of employees[110](index=110&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=23&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations%20for%20Vimeo) Management discusses a strategic shift towards profitability, achieving positive operating income and Adjusted EBITDA despite revenue declines Key Operating Metrics (Q2 2023 vs Q2 2022) | Metric | Q2 2023 | Q2 2022 | % Change | | :--- | :--- | :--- | :--- | | **Self-Serve & Add-Ons** | | | | | Average Subscribers (k) | 1,455.2 | 1,566.3 | (7)% | | ARPU | $195 | $200 | (3)% | | **Vimeo Enterprise** | | | | | Average Subscribers (k) | 2.6 | 1.9 | 42% | | ARPU | $19,672 | $21,220 | (7)% | | Bookings (k) | $18,205 | $10,575 | 72% | - Achieved positive operating income of **$4.6 million** in Q2 2023, compared to a loss of **$27.3 million** in Q2 2022, driven by a **33%** reduction in total operating expenses[141](index=141&type=chunk)[142](index=142&type=chunk) - Adjusted EBITDA improved to **$5.0 million** in Q2 2023 from a loss of **$6.4 million** in Q2 2022[144](index=144&type=chunk) - The company maintains a strong liquidity position with **$278.4 million** in cash and cash equivalents and no debt as of June 30, 2023[169](index=169&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=35&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) No material changes in the company's market risk have occurred since previous annual and quarterly disclosures - No material changes in market risk have occurred since the last annual and quarterly reports[172](index=172&type=chunk) [Controls and Procedures](index=36&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, with no material changes to internal control over financial reporting - Management concluded that disclosure controls and procedures were effective as of the end of the reporting period[175](index=175&type=chunk) - No changes occurred during the quarter that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[176](index=176&type=chunk) PART II [Legal Proceedings](index=37&type=section&id=Item%201.%20Legal%20Proceedings) Information regarding legal proceedings is incorporated by reference from the detailed disclosures in Note 11 of the financial statements - Information regarding legal proceedings is detailed in Note 11 of the financial statements[180](index=180&type=chunk) [Risk Factors](index=37&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the company's risk factors have occurred since the last annual report on Form 10-K - There have been no material changes from the risk factors previously disclosed in the Annual Report on Form 10-K[181](index=181&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=37&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) Vimeo did not conduct any unregistered sales of equity securities or repurchase common stock during the quarter - Vimeo did not conduct any unregistered sales of its equity securities during Q2 2023[182](index=182&type=chunk) - Vimeo did not purchase any of its common stock during Q2 2023[183](index=183&type=chunk) [Other Information](index=38&type=section&id=Item%205.%20Other%20Information) No directors or officers entered into, modified, or terminated Rule 10b5-1 trading plans during the second quarter of 2023 - No directors or officers entered into, modified, or terminated Rule 10b5-1 trading plans during the quarter[185](index=185&type=chunk) [Exhibits](index=38&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including management contracts and officer certifications
Vimeo(VMEO) - 2023 Q1 - Earnings Call Transcript
2023-05-06 23:29
Vimeo, Inc. (NASDAQ:VMEO) Q1 2023 Results Conference Call May 4, 2023 8:30 AM ET Company Participants Anjali Sud - CEO Gillian Munson - CFO Conference Call Participants Brian Fitzgerald - Wells Fargo Tom Champion - Piper Sandler William Kerr - TD Cowen Daniel Pfeiffer - JPMorgan David Lustberg - Jefferies Operator Good morning, and thank you for joining Vimeo's Q1 earnings live Q&A. We're excited to be here in front of you. Before we begin a few comments, first, this session will be recorded and available o ...
Vimeo(VMEO) - 2023 Q1 - Quarterly Report
2023-05-04 13:21
Table of Contents As filed with the Securities and Exchange Commission on May 4, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File No. 001-40420 VIMEO, INC. (Exact name of regi ...
Vimeo(VMEO) - 2022 Q4 - Earnings Call Transcript
2023-03-03 20:42
Vimeo, Inc. (NASDAQ:VMEO) Q4 2022 Earnings Conference Call February 28, 2022 8:30 AM ET Company Participants Anjali Sud - CEO & Director Gillian Munson - CFO Conference Call Participants Thomas Champion - Piper Sandler Brian Fitzgerald - Wells Fargo Brent Thill - Jefferies Justin Patterson - KeyBanc Capital Markets William Kerr - Cowen and Company Daniel Pfeiffer - JPMorgan Operator Good morning, and thank you for joining Vimeo's fourth quarter earnings live Q&A. We're excited to be here with you on vid ...