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]

Wall Street analysts forecast that Vimeo, Inc. (VMEO) will report quarterly earnings of $0.01 per share in its upcoming release, pointing to a year-over-year decline of 80%. It is anticipated that revenues will amount to $99.48 million, exhibiting a decline of 6.4% compared to the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timefra ...

Core Insights - Vimeo has launched a new app for Apple Vision Pro, enabling users to view, upload, and share spatial videos, enhancing the video experience [1][2] - The app allows users to relive experiences and explore a growing library of content, catering to both personal and professional use cases [2] - The launch signifies a milestone in Vimeo's mission to innovate video storytelling, with spatial content being highlighted as the future of storytelling [3] Company Developments - The app is available for free on the visionOS App Store and supports spatial video recording on various Apple devices, including iPhone 15 and 16 models [1] - Vimeo has partnered with filmmaker Jake Oleson to create exclusive content that showcases the capabilities of spatial video [3] - The company emphasizes its commitment to supporting video creators with high-quality formats and innovative technologies [3][4] Industry Trends - Spatial video is positioned as a transformative medium for storytelling, offering immersive experiences for businesses and content creators [2][3] - The integration of spatial video capabilities into professional tools like Final Cut Pro indicates a growing trend towards immersive content creation in the video industry [2]

NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Vimeo, Inc. (NASDAQ: VMEO) today announced the date for its third quarter 2024 earnings report and earnings video event. After the close of market trading on Monday, November 4, 2024, Vimeo will post its third quarter results on the Investor Relations section of its website at https://www.vimeo.com/investors. On Monday, November 4, 2024 at 5:00 p.m. ET, Vimeo will live stream a video conference to answer questions regarding its third quarter results. The live stre ...

Vimeo (NASDAQ: VMEO ) is growing its enterprise video segment at 55% CAGR and is on track to achieve $100 million annualized run rate this year. The company is also improving its profitability with 78% gross marginAt Miletus Research, we specialize in analyzing technology companies, exploring the nuances of their strategies in depth. Our team of experienced researchers merges cutting-edge market analytics with strategic expertise, empowering you with actionable insights that drive informed investments.Analy ...

Investors might want to bet on Vimeo, Inc. (VMEO) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Individual inv ...

Company Overview - Vimeo has appointed Charlie Ungashick as Chief Marketing Officer, who has been serving as interim CMO since January 2024 [1] - The company aims to integrate advanced AI capabilities to enhance value for businesses, creators, and video professionals globally [1] Leadership Insights - CEO Philip Moyer highlighted Ungashick's extensive experience in building marketing organizations and his understanding of both enterprise and consumer markets as key factors for Vimeo's growth and innovation [2] - Ungashick's leadership is expected to shape Vimeo's marketing strategy and strengthen its position as the largest private video distribution platform [2] Experience and Background - Ungashick brings over 20 years of experience, previously serving as CMO of Validity and Head of Product at Applause, with a history of leading global marketing teams in high-growth tech companies [3] - His educational background includes a bachelor's degree from Fordham University and a diploma in economics from the Université de Paris Sorbonne [3] Strategic Vision - Ungashick expressed enthusiasm for Vimeo's technology and its potential impact on marketing communications and strategy [4] - He aims to implement new tactics and enhance customer engagement through initiatives like the Vimeo REFRAME customer conference [4] Company Mission - Vimeo positions itself as a leading video experience platform, serving millions of users, including creative storytellers and large global teams [5] - The platform facilitates high-quality video experiences that connect ideas and audiences, with videos receiving billions of views monthly [5]

Technology companies can often have short lives, especially smaller players that are competing against much larger incumbents. Though investors should be focusing on value plays amid rich S&P 500 multiples, I also don't recommend catching falling knives among fallen growth stars that don't With 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 s ...

Company Overview - Vimeo has appointed Robert ("Bob") Petrocelli as Chief Product & Technology Officer, effective September 9, 2024, to lead its global product and engineering teams [1] - The company aims to enhance technology innovation and deliver high-quality video experiences for businesses, creators, and video professionals [1] Leadership Insights - CEO Philip Moyer emphasized the importance of bolstering technology leadership as Vimeo ramps up investment in innovation [2] - Bob Petrocelli brings over 35 years of technology experience, previously serving as Chief Technology Officer at Pluralsight and holding CTO positions at Intelerad Medical Systems and Datto [2] - Petrocelli played a key role in Datto's IPO on the NYSE and has a strong background in AI technology, aligning with Vimeo's vision for continuous growth [2] Strategic Vision - Petrocelli expressed excitement about joining Vimeo, highlighting the potential at the intersection of video and AI [3] - He believes that video can transform communication and collaboration, and sees an opportunity to leverage machine learning and data science to enhance video content [3] Company Background - Vimeo is recognized as a leading video experience platform, serving millions of users, including creative storytellers and large global teams [4] - The platform facilitates the creation of high-quality video experiences, with its videos receiving billions of views each month [4]

Vimeo, Inc. (NASDAQ:VMEO) Q2 2024 Results Conference Call August 5, 2024 5:00 PM ET Company Participants Philip Moyer - CEO Gillian Munson - CFO Conference Call Participants Youssef Squali - Truist Tom Champion - Piper Sandler Will Kerr - TD Cowen Operator Hello, and thank you for joining Vimeo's Q2 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 future pe ...