Have you been paying attention to shares of Vimeo, Inc. (VMEO) ? Shares have been on the move with the stock up 39.5% over the past month. The stock hit a new 52-week high of $7.18 in the previous session. Vimeo, Inc. has gained 71.9% since the start of the year compared to the 24.6% move for the Zacks Business Services sector and the 44.5% return for the Zacks Technology Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our ...

Vimeo, Inc. VMEO reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance above estimates.Vimeo reported quarterly earnings of 5 cents per share which beat the analyst consensus estimate of 1 cent per share. The company reported quarterly sales of $104.564 million which beat the analyst consensus estimate of $99.605 million.Vimeo said it sees fourth-quarter sales of $100.000 million, versus market estimates of $97.14 million.Vimeo shares gained 44.7% to trade at ...

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 350 points on Tuesday.The Dow traded up 0.86% to 42,154.69 while the NASDAQ rose 1.25% to 18,407.20. The S&P 500 also rose, gaining, 1.01% to 5,770.63.Check This Out: Wall Street’s Most Accurate Analysts Spotlight On 3 Financial Stocks Delivering High-Dividend YieldsLeading and Lagging SectorsConsumer discretionary shares surged by 1.7% on Tuesday.In trading on Tuesday, energy shares rose by just 0.3%.Top HeadlineTh ...

Is this overlooked stock finally a profitable growth company?Shares of video platform Vimeo (VMEO 41.37%) absolutely skyrocketed on Tuesday after the company reported financial results for the third quarter of 2024. As of 11:15 a.m. EST, Vimeo stock was up a staggering 42% and hitting its highest price in more than two years.Was the quarter really that good?In Q3, Vimeo's revenue was counterintuitively down almost 2% year over year. The company's gross margin was 79%, which was the same as last year. And it ...

So far, the Q3 earnings season has continued to prove itself to be quite the opportune time for small and mid-cap rebound plays. Investors have sent shares of these turnaround stocks up double-digits on just the slightest whiff of good news, relatively unfazedWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He h ...

Vimeo, Inc. (NASDAQ:VMEO) Q3 2024 Earnings Conference Call November 4, 2024 5:00 PM ET Company Participants Philip Moyer - CEO Gillian Munson - CFO Conference Call Participants John Blackledge - TD Cowen Tom Champion - Piper Sandler Youssef Squali - Truist Operator Hello and thank you for joining Vimeo's Q3 2024 Earnings Live Q&A. Before we begin, a few comments. First, this session will be recorded and available on the Vimeo Investor Relations site later today. Second, we will discuss Vimeo's outlook and f ...

Vimeo, Inc. (VMEO) reported $104.56 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 1.6%. EPS of $0.05 for the same period compares to $0.05 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $99.48 million, representing a surprise of +5.11%. The company delivered an EPS surprise of +400.00%, with the consensus EPS estimate being $0.01.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Table of Contents As filed with the Securities and Exchange Commission on November 5, 2024 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, 2024 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 rimeo VIMEO, INC. (Exa ...

NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Vimeo posted its third quarter 2024 shareholder letter on the investor relations section of its website at https://www.vimeo.com/investors. About VimeoVimeo (NASDAQ: VMEO) is the world's most innovative video experience platform. We enable anyone to create high-quality video experiences to better connect and bring ideas to life. We proudly serve our community of millions of users – from creative storytellers to globally distributed teams at the world's largest com ...

Revenue and Financial Performance - Vimeo generated $105 million in revenue in Q3, with Vimeo Enterprise growing revenue by 42% and reaching $100 million in annualized bookings[3] - Vimeo's total bookings were $100 million, with a gross margin of 79%, net income of $9 million, and Adjusted EBITDA of $16 million[8] - Vimeo's Adjusted EBITDA margin was 15%, with net income increasing by $1 million year-over-year to $9 million[26] - Q3 2024 revenue was $104.564 million, a slight decrease from $106.253 million in Q3 2023[29] - Q3 2024 net earnings were $9.282 million, up from $8.464 million in Q3 2023[29] - Total revenue for Q3 2024 was $104.6 million, a slight decrease from $106.3 million in Q3 2023[32] - Adjusted EBITDA for Q3 2024 was $16.1 million, with a margin of 15%, up from $12.8 million and 12% margin in Q3 2023[34] - Free Cash Flow for Q3 2024 was $21.0 million, an increase from $16.6 million in Q3 2023[34] - Non-GAAP Gross Margin remained stable at 79% in Q3 2024, consistent with Q3 2023[33] - Adjusted EBITDA outlook for Q4 2024 is projected at $10.0 million[35] Vimeo Enterprise Performance - Vimeo Enterprise bookings grew 39% to $25 million, representing 25% of total bookings, with subscribers increasing by 26% and ARPU up 11% year-over-year[12] - Vimeo Enterprise serves the eight largest big-box retailers, top ten quick-service restaurants, and seven of the top eight financial services companies[5] - Vimeo Enterprise revenue grew significantly to $21.7 million in Q3 2024, up from $15.2 million in Q3 2023[32] - Vimeo Enterprise ARPU increased to $23,043 in Q3 2024, up from $20,848 in Q3 2023[32] - Vimeo Enterprise offers advanced features like security, custom permissions, and marketing integrations, often serving as an upgrade from Self-Serve & Add-Ons[47] Self-Serve & Add-Ons Performance - Vimeo's Self-Serve & Add-Ons bookings declined 8%, with revenue down 6% and subscribers falling 9%, partially offset by a 4% increase in ARPU[16] - Self-Serve & Add-Ons ARPU increased to $209 in Q3 2024, compared to $202 in Q3 2023[32] Cash Flow and Financial Position - Vimeo's cash and cash equivalents increased to $325 million, with cash from operations up 25% year-over-year to $21 million[27] - Cash and cash equivalents increased to $324.781 million as of September 30, 2024, from $301.372 million at the end of 2023[30] - Net cash provided by operating activities for the nine months ended September 30, 2024, was $46.057 million, up from $27.803 million in the same period in 2023[31] - Total assets as of September 30, 2024, were $642.977 million, up from $622.920 million at the end of 2023[30] - Total shareholders' equity increased to $409.411 million as of September 30, 2024, from $382.232 million at the end of 2023[30] Share Repurchase and Stock-Based Compensation - Vimeo repurchased 1.3 million shares of common stock in Q3 at an average cost of $3.83 per share, with $31 million remaining in the share repurchase authorization[28] - Stock-based compensation expense for the nine months ended September 30, 2024, was $23.620 million, compared to $5.429 million in the same period in 2023[29] - Stock-based compensation expense totaled $8.3 million in Q3 2024, up from $7.1 million in Q3 2023[34] OTT and Other Products - Vimeo's OTT business grew to 82% of Other revenue, up from 62% in Q3'22, with three new six-figure deals added in the quarter[17] - Other products include OTT video monetization, Magisto, Livestream, Wibbitz, and WIREWAX, expanding Vimeo's service portfolio[48] Operating Expenses and Profitability - Vimeo's GAAP and non-GAAP operating expenses were down 4% and 7% year-over-year, respectively, with quarterly gross profit remaining stable at $83 million[21][22] - Non-GAAP Operating Expenses decreased to $66.9 million in Q3 2024 from $71.9 million in Q3 2023[33] Guidance and Forward-Looking Statements - Q4 2024 revenue guidance is expected to be around $100 million[29] - Q4 2024 operating income guidance is approximately $2 million[29] - Q4 2024 adjusted EBITDA guidance is nearly $10 million, depending on investments[29] - Forward-looking statements highlight risks including economic conditions, regulatory changes, competition, and international expansion challenges[54] Subscribers and ARPU Calculation - Subscribers are counted per active subscription plan, with overlapping plans counted separately across Self-Serve, Enterprise, and Other categories[49] - Average Revenue per User (ARPU) is calculated by annualizing revenue and dividing by Average Subscribers[50] Bookings and Financial Metrics - Bookings represent fixed SaaS fees paid or committed, less refunds and chargebacks, measured at the end of the period[51] - Estimated dilution from securities ranges from 4.3% to 6.2% depending on stock price, with total diluted shares between 173.0M and 176.1M[52] Non-Operational Adjustments - Contingent consideration adjustments are excluded from performance assessment as they are non-operational and not indicative of current or future performance[45] - Restructuring costs, including severance and post-employment benefits, are considered non-recurring and excluded from performance evaluation[46] Market Position and User Base - Vimeo serves millions of users globally, with videos receiving billions of views monthly, positioning it as a leading video experience platform[55]