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Vimeo(VMEO) - 2022 Q2 - Quarterly Report
2022-08-04 13:24
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 June 30, 2022 Table of Contents As filed with the Securities and Exchange Commission on August 4, 2022 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 re ...
Vimeo(VMEO) - 2022 Q1 - Earnings Call Transcript
2022-05-08 05:17
Financial Data and Key Metrics Changes - Revenue for Q1 reached $108 million, representing a 21% year-over-year growth, with gross profit increasing by 27% year-over-year [9][53] - The company ended the quarter with $291 million in cash and no debt, positioning itself favorably in a volatile market [9][59] - Adjusted EBITDA loss for the quarter was $10 million, with gross margin improving approximately 330 basis points year-over-year to 75% [56][59] Business Line Data and Key Metrics Changes - Sales-assisted revenue grew over 50% year-over-year, while self-serve revenue grew 14% year-over-year, excluding the impact from Magisto [53][54] - The number of paying subscribers increased to 1.69 million, up 6% year-over-year, with an average revenue per user (ARPU) of $260, a 12% increase compared to the previous year [55][53] - The sales-assisted business now represents over 30% of total revenue, up from 16% pre-pandemic, indicating a significant shift towards larger business clients [12][9] Market Data and Key Metrics Changes - Top-of-the-funnel traffic has returned to pre-pandemic levels, impacting self-serve growth [10][88] - The company is experiencing a normalization in self-serve business post-pandemic, with conversion rates more than doubling since 2019 [48][52] Company Strategy and Development Direction - The company aims to enhance its targeting and service for larger customers, which has been the fastest-growing part of the business [18][20] - Vimeo is shifting from storage-based to seat-based pricing to better align with customer success and expand product adoption [25][27] - The company plans to broaden its product suite, with new offerings like Vimeo Interactive and a reimagined live experience [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of the sales-assisted business, despite uncertainties in the self-serve segment [75][76] - The company is not providing full-year revenue guidance due to the volatile environment but expects bookings growth to reaccelerate in the second half of the year [64][66] - Management remains committed to disciplined growth and plans to adjust operating expenses relative to revenue [65][66] Other Important Information - The company has made significant investments in product and sales initiatives to fuel future growth ambitions [10][12] - Management highlighted the importance of retention, noting that retention rates for year-two customers remain stable [51][96] - The geopolitical situation, particularly the invasion of Ukraine, has impacted the company, but most employees in Ukraine are safe and productive [38][40] Q&A Session Summary Question: What is the outlook for full-year revenue? - Management believes they can deliver double-digit revenue growth in 2022 but sees uncertainty in the self-serve business top-of-the-funnel [73][76] Question: Can you elaborate on self-serve issues? - Management noted that self-serve traffic has normalized back to pre-pandemic levels, impacting bookings growth [88][89] Question: What is the guidance philosophy of the new CFO? - The new CFO aims for transparency and flexibility in guidance, focusing on ensuring the company can adjust to business changes [94][95] Question: How is the sales force efficiency currently? - Management is monitoring key metrics across the sales force and expects improvements as they implement enhancements [111][113] Question: What are the long-term growth targets? - Management confirmed that the long-term targets for revenue growth around 30% remain intact, driven by both subscriber growth and ARPU growth [116][121]
Vimeo(VMEO) - 2022 Q1 - Quarterly Report
2022-05-05 13:22
Table of Contents As filed with the Securities and Exchange Commission on May 5, 2022 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, 2022 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) - 2021 Q4 - Annual Report
2022-03-01 21:09
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, 2021 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) - 2021 Q4 - Earnings Call Transcript
2022-02-10 17:55
Vimeo, Inc. (NASDAQ:VMEO) Q4 2021 Earnings Conference Call February 10, 2022 8:30 AM ET Company Participants Yaoxian Chew - VP of IR Anjali Sud - CEO & Director Narayan Menon - CFO Mark Kornfilt - President and Chief Product Officer Eric Cox - Chief Revenue Officer Crystal Boysen - Chief People Officer Conference Call Participants Brent Thill - Jefferies Cory Carpenter - JPMorgan Justin Patterson - KeyBanc Tom Champion - Piper Sandler Max Spaeth - Cowen Nick Cronin - Truist Yaoxian Chew Good morning, and th ...
Vimeo(VMEO) - 2021 Q3 - Earnings Call Transcript
2021-11-06 16:26
Vimeo Inc. (NASDAQ:VMEO) Q3 2021 Earnings Conference Call November 4, 2021 8:30 AM ET Company Participants Anjali Sud - CEO Narayan Menon - CFO Yaoxian Chew - IR Conference Call Participants Brian Fitzgerald - Wells Fargo Tom Champion - Piper Youssef Squali - Truist Brent Thill - Jefferies Justin Patterson - KeyBanc John Blackledge - Cowen Dan Salmon - BMO Operator Good morning, and thank you for joining Vimeo's Q3 Earnings Event. We're excited to be here in front of you. Before we begin, a few comments. Fi ...
Vimeo(VMEO) - 2021 Q3 - Quarterly Report
2021-11-05 20:10
Table of Contents As filed with the Securities and Exchange Commission on November 5, 2021 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, 2021 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) - 2021 Q2 - Earnings Call Transcript
2021-08-08 14:29
Vimeo, Inc. (NASDAQ:VMEO) Q2 2021 Earnings Conference Call August 6, 2021 8:30 AM ET Company Participants Anjali Sud - CEO Narayan Menon - CFO Yaoxian Chew - IR Conference Call Participants Youssef Squali - Truist John Blackledge - Cowen Brent Thill - Jefferies Cory Carpenter - JPMorgan Tom Champion - Piper Sandler Dan Salmon - BMO Justin Patterson - KeyBanc Brian Fitzgerald - Wells Fargo Unidentified Company Representative Good morning, and thank you for joining Vimeo's Q2 earnings event. We're excited to ...
Vimeo(VMEO) - 2021 Q2 - Quarterly Report
2021-08-06 20:05
Table of Contents As filed with the Securities and Exchange Commission on August 6, 2021 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 June 30, 2021 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Address of registrant's principal executive offices) (212) 314-7300 (Registrant's telephone number, including a ...
Vimeo(VMEO) - 2021 Q1 - Quarterly Report
2021-05-07 23:00
Table of Contents As filed with the Securities and Exchange Commission on May 7, 2021 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, 2021 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. 333-251656-01 VIMEO HOLDINGS, INC.* (Exac ...