Financial Data and Key Metrics Changes - Self-service bookings grew by 6%, marking the first growth in three years, a significant improvement from a negative 10% decline in Q2 2023 [3][4] - Vimeo Enterprise revenue increased by 32%, with bookings up 13%, and quarterly revenue in this segment was more than double the level from two years ago [4] Business Line Data and Key Metrics Changes - The self-service segment showed a notable recovery with reduced churn rates following price increases of up to 20% for some customers, leading to expectations of continued growth [9][11] - The Enterprise business is focusing on larger, more complex deals, with an emphasis on revenue growth and potential adjustments to KPIs to better reflect operations [4][24] Market Data and Key Metrics Changes - The company is experiencing consistent macro conditions in the self-service business, while the enterprise segment is seeing some deals slow down due to macroeconomic factors [18][20] - There is a strong interest in video capabilities from regulated industries, which are leveraging Vimeo's technology for compliance and regulatory requirements [38][39] Company Strategy and Development Direction - Vimeo is committed to investing in critical areas to drive growth, with a goal of profitable growth for the full year 2025 [5] - The company is focusing on expanding ARPU and AOV in the enterprise business, with a strategy to replace multiple products within organizations to reduce costs for customers [19][20] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the unpredictable economy but remains optimistic about achieving growth targets, particularly in the enterprise segment [5][21] - The introduction of new leadership in the enterprise sales team is expected to enhance customer relationships and drive future growth [18][24] Other Important Information - The company is rolling out new AI features, including translation capabilities, which have generated significant interest among customers [30][32] - Vimeo is exploring the concept of "agentic video," which allows for enhanced interaction and discovery within video content, positioning itself as a leader in AI-related video technology [34][36] Q&A Session Summary Question: Impact of pricing changes on self-serve business - Management noted that price increases led to lower churn rates and are expected to continue driving growth in self-service bookings [9][11] Question: Investment plans and financial guidance - The company has an appetite for up to $30 million in investments, with a focus on being responsible and strategic in spending [12][13] Question: Customer feedback and macroeconomic challenges - Management reported consistent retention rates in self-service and highlighted the importance of cost-saving conversations with enterprise customers [18][20] Question: Transition in the enterprise sales team and its impact - The enterprise business is expected to have solid growth goals despite some deals slipping into Q2, with a focus on expanding customer relationships [24][25] Question: AI features and customer interest - AI features, particularly translations, have seen strong traction, with plans for further rollout and monetization strategies [30][32] Question: Industry strengths and weaknesses - Marketing, education, and regulated industries are showing significant interest in Vimeo's offerings, particularly in compliance and discoverability [38][39]