Vimeo(VMEO) - 2024 Q1 - Quarterly Results

Exhibit 99.1 Dear Shareholders, Philip Moyer, CEO Gillian Munson, CFO . We have also been on a path to rationalize expenses which was clearly reflected in the quarter. Q1 GAAP operating expenses were down 5% and non-GAAP operating expenses* were down 10% year-over-year. Operating expenses are down more than $20 million compared to the same period just 2 years ago. This is driving solid profitability. With the foundational work of the last year and Philip on board we have significant opportunity ahead. Given ...