Vimeo Q1 net income $6M, Enterprise bookings +47%, revenue +60%

Vimeo, Inc.

2024-Q1 EPS reported $0.04 revenue$104,910,000

Net income $6M (diluted EPS $0.04) vs year-ago loss of $0.7M; Adjusted EBITDA $12M, up from $3.2M.
Revenue $104.9M (+1% YoY); Vimeo Enterprise revenue $18.5M (+60%), bookings +47%; Self-Serve bookings -6%.
Maintained FY2024 guidance: revenue $385-400M, operating loss ~$3M, flat Adj. EBITDA; Q2 rev slightly <$100M.
New CEO Philip Moyer appointed; existing $50M buyback to be used at minimum to offset dilution.
Headcount down 8% YoY to 1,024; GAAP opEx down 5%, non-GAAP opEx down 10%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Vimeo, Inc. updated its the fiscal quarter ended March 31, 2024 guidance (reaffirmed).

Period: the fiscal quarter ended March 31, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 6, 2024, Vimeo, Inc. (the “Company”) issued a shareholder letter (the "Letter") announcing the Company's results for the fiscal quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001837686-24-000046

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