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 year-over-year bookings 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 revenue decline, while the Enterprise segment demonstrated strong growth in both revenue and bookings [4][5] - The company is focusing on adjusting KPIs to better reflect operational performance as the Enterprise business grows more complex [4] Market Data and Key Metrics Changes - The company is experiencing consistent macro conditions in the self-service business, with good retention rates, while some enterprise deals have slowed down due to macroeconomic factors [17][20] - The enterprise business is expected to have solid growth goals despite some deals slipping into Q2 [22] Company Strategy and Development Direction - The company is making calculated investments in critical areas to drive growth, with a commitment to achieving profitable growth in 2025 [5] - There is a strong focus on expanding average revenue per user (ARPU) and average order value (AOV) in the enterprise business, with an emphasis on building larger relationships with customers [22][24] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the unpredictable economy but remains optimistic about the potential for cost savings for customers through their offerings [20] - The introduction of new leadership in the enterprise sales team is expected to enhance customer relationships and drive future growth [18][20] Other Important Information - The company is rolling out new AI features, including translation capabilities, which are generating interest among customers and are expected to contribute to revenue growth [29][31] - The company filed a recent proxy statement and announced new board member nominations, indicating ongoing governance changes [41] Q&A Session Summary Question: Impact of pricing changes on self-service business - Management noted that a price increase of up to 20% has led to lower churn rates and is expected to continue driving growth in self-service bookings [8][10] Question: Investment plans and financial guidance - The company has an appetite for up to $30 million in investments, with a focus on being responsible with spending and evaluating each project carefully [11][12] Question: Customer feedback on macroeconomic conditions - Management reported consistent macro conditions in self-service, while some enterprise deals have slowed down, but they remain optimistic about future growth [16][20] Question: AI features and customer interest - AI features, particularly translation capabilities, have seen significant interest, with plans for further rollout and monetization strategies [29][31] Question: Industry strength and softness - The company is seeing strong interest from marketing, education, and regulated industries, leveraging AI capabilities for compliance and discovery [38][39]

Vimeo (VMEO) Q1 2025 Earnings Call May 05, 2025 05:00 PM ET Speaker0 Hello, and thank you for joining Vimeo's Q1 twenty twenty five earnings live Q and A. Before we begin, a few comments. First, this session will be recorded and available on the Vimeo Investor Relations website later today. Second, we will discuss Vimeo's outlook and future performance. These future looking statements typically may be preceded by words such as we expect, we believe, we anticipate, or other such statements. These forward thi ...