Self-Service Bookings Growth
Self-service bookings grew 6%, marking the first growth in three years. This is a 16-point improvement from a negative 10% decline in Q2 2023.
Vimeo Enterprise Revenue Increase
Vimeo Enterprise revenue was up 32% and bookings were up 13%. Quarterly revenue for this product more than doubled from two years ago.
Successful Price Increase Strategy
Prices were increased by up to 20% for some customers, resulting in lower churn rates and continued growth in the self-service segment.
Introduction of GenAI Features
Vimeo rolled out AI features such as translations to self-service subscribers, enhancing customer engagement and adding new monetization avenues.
Strong Interest from Regulated Industries
Vimeo's AI capabilities are attracting interest from regulated industries, aiding in compliance and regulatory requirements.