Group 1 - Vimeo released its fourth quarter and full year 2024 shareholder letter on February 19, 2025 [1] - Vimeo is recognized as the world's most innovative video experience platform, enabling high-quality video creation [2] - The platform serves millions of users, including creative storytellers and large global teams, with videos receiving billions of views monthly [2]

Financial Performance - Vimeo ended 2024 with its highest quarterly bookings in 10 quarters, achieving a bookings growth of 3% in Q4 despite a 2% decline in revenue[6]. - The company reported a gross margin of 78% and net earnings of $27 million, with Adjusted EBITDA reaching an all-time high of $55 million, over 3 times the total Adjusted EBITDA generated from 2021-2023 combined[5]. - Revenue for Q4 2024 was $103,156 thousand, a decrease of 2.6% from $105,544 thousand in Q4 2023[51]. - Gross profit for Q4 2024 was $80,254 thousand, down from $82,287 thousand in Q4 2023, reflecting a gross margin of 77.7%[51]. - Operating income decreased significantly to $1,268 thousand in Q4 2024 from $5,574 thousand in Q4 2023[51]. - Net earnings for Q4 2024 were $1,536 thousand, compared to $8,395 thousand in Q4 2023, resulting in basic and diluted earnings per share of $0.01[51]. - Adjusted EBITDA for Q4 2024 was $10.7 million, down from $13.3 million in Q4 2023, indicating a decline of 19.5%[61]. - Free Cash Flow for Q4 2024 was $10.8 million, consistent with $10.0 million in Q4 2023, showing an 8% increase[61]. - The company reported a net loss of $1.5 million in Q4 2024, compared to a net income of $8.4 million in Q4 2023[61]. Bookings and Subscriber Growth - Vimeo Enterprise bookings grew over 50% from customers with $100,000+ ARR, with annualized bookings exceeding $100 million for the second consecutive quarter[5]. - Subscriber growth reached 19%, with approximately 4,000 subscribers and a 12% increase in ARPU to over $23,000[17]. - Vimeo's Self-Serve & Add-Ons category saw a decline in revenue and bookings by 8% and 6% year-over-year in Q4, but average order values increased by approximately 30% due to new pricing[27]. - Self-Serve & Add-Ons revenue decreased to $65,350 thousand in Q4 2024 from $71,171 thousand in Q4 2023, while Vimeo Enterprise revenue increased to $22,998 thousand from $16,808 thousand[57]. - The number of Self-Serve & Add-Ons subscribers decreased to 1,227.7 thousand in Q4 2024 from 1,379.7 thousand in Q4 2023[57]. Cash and Assets - In Q4, Vimeo's cash balance increased to $325 million, up $24 million from 2024, after repurchasing nearly 6 million shares[6]. - Total current assets increased to $374,656 thousand as of December 31, 2024, compared to $351,468 thousand as of December 31, 2023[54]. - Cash and cash equivalents at the end of Q4 2024 were $325,493 thousand, up from $301,436 thousand at the end of Q4 2023[56]. - Total liabilities decreased slightly to $234,024 thousand as of December 31, 2024, from $240,688 thousand as of December 31, 2023[54]. Future Outlook and Strategy - The company plans to increase innovation investment in 2025, targeting double-digit growth in bookings and revenue, with Vimeo Enterprise and OTT/streaming representing 38% of bookings and 34% of revenue[8]. - The company anticipates Q1 2025 revenue near $100 million, with an operating loss of approximately $9 million and Adjusted EBITDA slightly greater than breakeven[49]. - The company anticipates an operating loss of $9.4 million for Q1 2025, with an expected Adjusted EBITDA of $27.5 million for the full year 2025[65]. - Vimeo's OTT product delivered mid-single-digit bookings growth in Q4, with a focus on drawing streaming customers closer to Vimeo Enterprise offerings in 2025[34]. - The company plans to utilize share repurchase authorization as part of its future strategy[95]. - The company is focused on expanding into additional international markets and enhancing its value proposition to retain paying subscribers[95]. Expenses and Cost Management - The company achieved a significant reduction in expenses, with over $100 million run rate cut since early 2022, positioning itself for future investments[36]. - Total operating expenses increased to $78,986 thousand in Q4 2024 from $76,713 thousand in Q4 2023, with R&D expenses rising to $27,678 thousand[51]. - GAAP Research and Development expense increased to $27.7 million in Q4 2024, up from $26.0 million in Q4 2023, representing an increase of 6.5%[60]. - GAAP Sales and Marketing expense decreased to $31.1 million in Q4 2024 from $35.0 million in Q4 2023, a reduction of 11.1%[60]. - Non-GAAP General and Administrative expense for Q4 2024 was $15.9 million, slightly up from $14.6 million in Q4 2023, reflecting an increase of 8.9%[60]. - Operating Income Margin for Q4 2024 was 1%, down from 5% in Q4 2023, indicating a decline in profitability[61]. Stock and Dilution - As of February 13, 2025, the total common stock outstanding is 164.9 million shares[92]. - The estimated dilution from stock appreciation rights (SARs) and stock options is 8.8 million shares, with a strike price of $5.46[92]. - The total estimated dilution is projected to be between 6.7 million and 9.0 million shares, resulting in a dilution percentage ranging from 4.1% to 5.4%[92]. - The total estimated diluted shares outstanding will increase from 171.5 million to 173.8 million shares by February 2025[92]. Risks and Market Position - The company anticipates future operational results and financial conditions to be influenced by various risks, including economic changes and competition in the online video category[95]. - Vimeo serves millions of users, with videos on its platform receiving billions of views each month[96]. - Vimeo's management does not undertake to update forward-looking statements, which reflect their views as of the date of the communication[95].

Vimeo, Inc. (VMEO) is scheduled to report its fourth-quarter 2024 results on Feb. 19, after market close.See Zacks Earnings Calendar to stay ahead of market-making news.The company has an impressive earnings surprise history. It beat the Zacks Consensus Estimate in the trailing four quarters, delivering an average earnings surprise of 500%.Vimeo, Inc. Price, Consensus and EPS Surprise VMEO’s Q4 ExpectationsThe Zacks Consensus Estimate for Vimeo’s revenues in the fourth quarter of 2024 is pegged at $100.6 mi ...

The upcoming report from Vimeo, Inc. (VMEO) is expected to reveal quarterly earnings of $0.03 per share, indicating a decline of 40% compared to the year-ago period. Analysts forecast revenues of $100.6 million, representing a decrease of 4.7% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings release, it is of ...

NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Vimeo, Inc. (NASDAQ: VMEO) today announced the date for its fourth quarter and fiscal year 2024 earnings report and earnings video event. After the close of market trading on Wednesday, February 19, 2025, Vimeo will post its results on the Investor Relations section of its website at https://www.vimeo.com/investors. On the same day, at 5:00 p.m. ET, Vimeo will livestream a video conference to answer questions. The live stream and replay of the video will be access ...

Contact Us NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Vimeo, Inc. (NASDAQ: VMEO) today announced the date for its fourth quarter and fiscal year 2024 earnings report and earnings video event. After the close of market trading on Wednesday, February 19, 2025, Vimeo will post its results on the Investor Relations section of its website at https://www.vimeo.com/investors. On the same day, at 5:00 p.m. ET, Vimeo will livestream a video conference to answer questions. The live stream and replay of the video wil ...

Vimeo continues long-standing support for up-and-coming filmmakersPARK CITY, Utah, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Vimeo (NASDAQ: VMEO), the world’s most innovative video experience platform for creators and enterprises, today announced its sponsorship of the Short Film Program at the Sundance Film Festival. These shorts will screen as part of eight curated Short Film Programs that will include fiction, nonfiction, and animated titles from the U.S. and abroad. “Sundance Film Festival and Vimeo have always ...

NEW YORK, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Vimeo (NASDAQ: VMEO), the world’s most innovative video experience platform for creators and enterprises, today announced the appointment of Javier Ortega Estrada as Chief Revenue Officer (CRO). Ortega Estrada, who leads global sales and revenue, will work across the company to ensure positive customer experiences in Vimeo’s continued mission of retaining Vimeo users which will translate to increased revenue streams. “Over the past year,Vimeo has expanded its lead ...

NEW YORK, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Vimeo (NASDAQ:VMEO), the world's most innovative video experience platform for creators and enterprises, today announced the recent appointment of Irene Hendricks as Chief People Officer (CPO). Hendricks, who joined Vimeo in August, is responsible for the continued acceleration of Vimeo's people-first strategy and culture, reflecting the company's recent growth in attracting top-tier talent. Hendricks helms Vimeo's human resources operations with a focus on foster ...

NEW YORK, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Vimeo (NASDAQ: VMEO), the world’s most innovative video experience platform for creators and enterprises, today announced the recent appointment of Irene Hendricks as Chief People Officer (CPO). Hendricks, who joined Vimeo in August, is responsible for the continued acceleration of Vimeo’s people-first strategy and culture, reflecting the company’s recent growth in attracting top-tier talent. Hendricks helms Vimeo’s human resources operations with a focus on foste ...