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$6.71Annual ROE
5.99%Beta
1.97Events Calendar
Next earnings date:
Feb 21, 2025Recent quarterly earnings:
Nov 04, 2024Recent annual earnings:
Feb 21, 2024Next ex-dividend date:
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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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