The earnings call highlighted strong enterprise growth, cost efficiency, and plans for future investments. However, challenges in the Self-Serve segment and expected Q4 growth rate decline were noted. Overall, the sentiment is optimistic about future growth and investments.
Company Guidance
During Vimeo's Q3 2024 earnings call, CEO Philip Moyer highlighted several key metrics and future guidance. Vimeo reported $105 million in revenue and $21 million in operating cash flow for the quarter. The company achieved a notable milestone with $100 million in annualized bookings for Vimeo Enterprise, demonstrating growth in this segment. Additionally, operating expenses were reduced by $100 million on an annualized basis, while maintaining stable gross profit margins, leading to positive EBITDA results. Vimeo plans to make sizable investments in 2025 to capitalize on its strong balance sheet and growth opportunities. The company anticipates returning to bookings growth next year, driven by improvements in pricing and packaging, enterprise-grade security features, AI translations, and new integrations with platforms like Microsoft Teams and Google Meets. Vimeo's focus on innovation and customer-centric strategies aims to position it as a leading video repository for enterprises.
Strong Revenue and Cash Flow
Vimeo delivered $105 million in revenue and $21 million in operating cash flow for Q3 2024.
Enterprise Growth
Enterprise revenue and bookings exceeded estimates with significant interest in video integration and security.
Cost Efficiency
Vimeo reduced $100 million in operating expenses annually while maintaining stable gross profit dollars.
Upcoming Investments
Plans for sizable investments in 2025, supported by a strong balance sheet, without compromising profitability.
Product Innovation
Integration of AI and new formats like Apple Vision Pro and immersive video technologies, enhancing product offerings.
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Vimeo (VMEO) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VMEO Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 04, 2024
$4.81
$6.96
+44.70%
Aug 05, 2024
$3.68
$3.55
-3.53%
May 07, 2024
$3.80
$3.92
+3.16%
Feb 21, 2024
$3.68
$4.00
+8.70%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Vimeo, Inc. (VMEO) report earnings?
Vimeo, Inc. (VMEO) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Vimeo, Inc. (VMEO) earnings time?
Vimeo, Inc. (VMEO) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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