Welcome to our dedicated page for Vimeo news (Ticker: VMEO), a resource for investors and traders seeking the latest updates and insights on Vimeo stock.
Vimeo (VMEO) delivers innovative SaaS video solutions for creators and enterprises through its AI-enhanced platform. This hub provides investors and professionals with essential updates on corporate developments, product innovations, and market positioning.
Track official press releases, earnings disclosures, and strategic announcements in one centralized location. Our curated feed includes updates on video technology advancements, partnership agreements, and leadership changes impacting VMEO's growth trajectory.
Key coverage areas include quarterly financial results, new feature rollouts like spatial video tools, and enterprise service expansions. Bookmark this page for real-time access to SEC filings, investor communications, and operational updates directly from the company.
For comprehensive monitoring of Vimeo's evolving video-as-a-service ecosystem, check back regularly. Enable browser notifications to stay informed about material developments affecting this cloud-based content platform.
Vimeo, Inc. (NASDAQ: VMEO) has appointed Glenn Schiffman as non-executive Chairman, succeeding Joey Levin, who steps down due to other commitments, including his role as CEO of Angi, Inc. Schiffman has been part of Vimeo's board since its spin-off from IAC in 2021 and was CFO of IAC from 2016 to 2021. Levin will continue as a Special Advisor. The board now consists of ten directors, seven of whom are independent, and Schiffman is expected to be nominated for re-election at the upcoming Annual Meeting of Stockholders on June 6, 2023. Additionally, there will be a reduction in Levin's share allocation as part of an amendment to his Restricted Stock Agreement.
Vimeo, Inc. reported its fourth quarter results for 2022, revealing a revenue of $105.6 million, down slightly from $106.1 million in Q4 2021. Despite this, the company achieved a 2% increase in gross profit, marking $80.9 million with a 77% gross margin. Positive developments included 59% growth in Vimeo Enterprise bookings year-over-year. However, the company anticipates challenges ahead, expecting a mid-single digit decline in 2023 revenue with an operating loss projected between $79 million and $74 million.
Adjusted EBITDA for Q4 was $6.5 million, a significant improvement from the previous year.
Vimeo has released its monthly metrics for January 2023, available on its investor relations website. As a leading video experience platform, Vimeo serves nearly 300 million users, enabling high-quality video creation and sharing.
For more information, investors can visit www.vimeo.com/investors. Vimeo continues to enhance user experience and engagement within its robust community, catering to both individual storytellers and large corporations.
Vimeo (NASDAQ: VMEO) will release its fourth quarter 2022 earnings on February 27, 2023, after market close. The earnings results will be available on their Investor Relations website. A live video conference is scheduled for February 28, 2023, at 8:30 a.m. ET to discuss these results, which will also be accessible for replay. Vimeo continues to serve nearly 300 million users, enhancing its position as a leading video experience platform.
On January 18, 2023, Vimeo released its monthly metrics for December 2022 on its investor relations website. The company, traded under NASDAQ: VMEO, is recognized as a leading video experience platform with nearly 300 million users, ranging from creative individuals to large corporate teams. The metrics provide insights into Vimeo's performance, emphasizing its commitment to enhancing video creation and user engagement. For further details, investors can visit the provided link to access the metrics directly.
Vimeo (NASDAQ: VMEO) recently announced its 2022 Best of Staff Picks, celebrating outstanding videos across three categories: Best Branded Videos, Breakthrough Creators, and Best Videos. Over 600 videos were considered, marking increased inclusion of branded content, which now represents 12% of selections. The rankings emphasize the growing importance of quality storytelling in marketing. A survey revealed that 85% of creators felt a Staff Pick boosted their brand awareness, enhancing Vimeo's role in talent discovery. The announcement showcases Vimeo’s commitment to fostering creativity and elevating filmmaker careers.
Vimeo released its monthly metrics for November 2022, emphasizing its growth as a leading video software solution with over 287 million users. The company serves a diverse community, including professionals, teams, and large enterprises. Users can access the metrics on Vimeo's investor relations webpage to understand the platform's performance. As a publicly traded company under the symbol VMEO, Vimeo continues to enhance its service offerings, enabling users to utilize video for various purposes effectively.
Vimeo (NASDAQ:VMEO) has released its monthly performance metrics for October 2022, accessible on its investor relations website. The company emphasizes its position as a leading all-in-one video software solution, serving a diverse community of over 287 million users, which includes creative professionals and large corporations. The release highlights Vimeo's commitment to enhancing video creation, collaboration, and communication.
Vimeo reported an 8% year-over-year revenue increase to $108.1 million for Q3 2022, driven by a 30% rise in Sales-Assisted revenue and a growth in Average Revenue Per User (ARPU) by 7%. The company achieved positive Adjusted EBITDA of $2.1 million and Free Cash Flow of $13.4 million. Despite this, Vimeo recorded an operating loss of $22.9 million and projects an operating loss of $100 million to $103 million for the full year. Vimeo Enterprise showed strong performance with a Net Revenue Retention of 104%.
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