Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
United StatesIPO:
21 May 2021Website:
http://vimeo.comNext earnings report:
21 February 2025Last dividends:
N/ANext dividends:
N/APrice
pre-market | 70 min agoDividend
Analysts recommendations
Institutional Ownership
VMEO Latest News
Vimeo (VMEO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Vimeo, Inc. VMEO reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance above estimates.
U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 350 points on Tuesday.
Vimeo surged 15% post-Q3 earnings, but its consumer segment's decline and enterprise growth aren't enough to justify the rally; I reiterate my sell rating. Vimeo's enterprise pivot shows traction but can't compensate for consumer subscription losses, which are outclassed by free alternatives like YouTube. Q3 results show revenue decline of -1.6% y/y; enterprise revenue grew 42% y/y, but consumer revenue fell -6% y/y, highlighting ongoing challenges.
Is this overlooked stock finally a profitable growth company?
Vimeo, Inc. (NASDAQ:VMEO ) Q3 2024 Earnings Conference Call November 4, 2024 5:00 PM ET Company Participants Philip Moyer - CEO Gillian Munson - CFO Conference Call Participants John Blackledge - TD Cowen Tom Champion - Piper Sandler Youssef Squali - Truist Operator Hello and thank you for joining Vimeo's Q3 2024 Earnings Live Q&A. Before we begin, a few comments.
NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Vimeo posted its third quarter 2024 shareholder letter on the investor relations section of its website at https://www.vimeo.com/investors .
Creators from across the Vimeo community will now be able to share their spatial content with viewers around the world Creators from across the Vimeo community will now be able to share their spatial content with viewers around the world
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Vimeo, Inc. (NASDAQ: VMEO) today announced the date for its third quarter 2024 earnings report and earnings video event. After the close of market trading on Monday, November 4, 2024, Vimeo will post its third quarter results on the Investor Relations section of its website at https://www.vimeo.com/investors . On Monday, November 4, 2024 at 5:00 p.m. ET, Vimeo will live stream a video conference to answer questions regarding its third quarter results. The live stream and replay of the video will be accessible to the public at https://www.vimeo.com/investors .
Vimeo's enterprise video segment is growing rapidly, expected to reach a $100 million annualized run rate, with strong profitability and a solid balance sheet. Despite competition from YouTube and declining consumer segment revenues, the market is undervaluing Vimeo's enterprise potential, presenting a 140% upside opportunity. The company's disciplined financial management and strategic shift towards enterprise investments support a buy rating, with a target price of $12.
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What type of business is Vimeo?
Vimeo, Inc., together with its subsidiaries, provides video software solutions worldwide. It provides the video tools through a software-as-a-service model, which enables its users to create, collaborate, and communicate with video on a single platform. The company also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools. It serves large organizations, small businesses, creative professionals, marketers, and digital agencies. The company was founded in 2004 and is headquartered in New York, New York.
What sector is Vimeo in?
Vimeo is in the Technology sector
What industry is Vimeo in?
Vimeo is in the Software Application industry
What country is Vimeo from?
Vimeo is headquartered in United States
When did Vimeo go public?
Vimeo initial public offering (IPO) was on 21 May 2021
What is Vimeo website?
https://vimeo.com
Is Vimeo in the S&P 500?
No, Vimeo is not included in the S&P 500 index
Is Vimeo in the NASDAQ 100?
No, Vimeo is not included in the NASDAQ 100 index
Is Vimeo in the Dow Jones?
No, Vimeo is not included in the Dow Jones index
When was Vimeo the previous earnings report?
No data
When does Vimeo earnings report?
The next expected earnings date for Vimeo is 21 February 2025