secwatch.observer — SEC 8-K summary
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Issuer:     Vimeo, Inc. (—)
CIK:        0001837686
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001837686-24-000046
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837686/000183768624000046/0001837686-24-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837686/000183768624000046/vmeo-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001837686-24-000046

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer