Vimeo Stock Price, News & Analysis

NEW YORK, Nov. 23, 2021 – Vimeo will attend the Wells Fargo TMT Summit on November 30, 2021. CEO Anjali Sud will participate in a fireside chat at 8:00 a.m. ET, with a live audiocast available to the public. The video replay will also be accessible afterwards. Vimeo is recognized as a global leader in video software solutions, catering to over 230 million users. For more information, visit www.vimeo.com.

Vimeo (NASDAQ:VMEO) announced its acquisition of WIREWAX and Wibbitz, enhancing its video software solutions for enterprises. WIREWAX specializes in interactive video technology, while Wibbitz offers an enterprise-grade video creation suite. These acquisitions will allow Vimeo to innovate and better serve over 6,000 enterprises, bolstering its position in the market. In Q3 2021, Vimeo reported over $100 million in quarterly revenue, with a 60% increase in Enterprise revenue year-over-year. Both acquisitions are anticipated to close this quarter.

Vimeo has released its October 2021 metrics, reaffirming its position as a leading video software solution provider with a community of over 230 million users. The company’s platform enables users to create, collaborate, and communicate effectively using video. Interested parties can access the full metrics on the investor relations section of Vimeo's website.

Vimeo (NASDAQ: VMEO) reported a 33% increase in Q3 revenue, reaching $100.1 million, driven by a 14% rise in subscribers and a 15% growth in average revenue per user. The company achieved a gross profit of $74.9 million with a gross margin of 75%. However, Vimeo recorded an operating loss of $11.5 million, up from $7.5 million a year earlier. Despite the losses, cash flow from operations was $9.4 million, maintaining strong liquidity with $340.6 million in cash. The launch of Vimeo Events and expansion of its enterprise customer base are significant highlights.

On November 2, 2021, Vimeo (NASDAQ:VMEO) launched Vimeo Events, a platform designed to simplify the production of live events like webinars and product launches. It features a DIY live production studio, audience engagement tools, and analytics, aimed at empowering marketers to host professional-quality events without needing extensive resources. A study revealed 75% of marketers find live events impactful, yet many face production challenges. Vimeo Events addresses these needs, integrating with various marketing platforms.

Vimeo will release its third quarter results after market close on November 3, 2021. Investors can view the results on its Investor Relations webpage. A live video conference will follow on November 4, 2021, at 8:30 a.m. EDT where Vimeo will discuss its financial results and answer questions. The live stream will be publicly accessible. Vimeo continues to serve a diverse community of over 230 million users, providing video software solutions to professionals and businesses worldwide.

Vimeo has released its monthly metrics for September 2021, highlighting its growth as a leading video software solution. The platform serves over 230 million users, including professionals, teams, and large organizations. These metrics can be accessed on the company's investor relations website.

As a public company trading on NASDAQ under the symbol VMEO, Vimeo continues to position itself at the forefront of video creation, collaboration, and communication.

Vimeo has released its monthly metrics for August 2021, available on its investor relations website. The company is recognized as a leading all-in-one video software solution, serving over 230 million users globally, including creatives, entrepreneurs, and major corporations. Vimeo continues to focus on empowering users to leverage video for communication, collaboration, and creation.