Vimeo, Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2023
May 04, 2023 at 01:40 am IST
Share
Vimeo, Inc. provided earnings guidance for the second quarter and full year 2023. For the quarter, the company expects revenue to be approximately $100 million and GAAP operating loss of approximately $17 million.
For the year, the company reaffirms an expected mid-single digit % decline in revenue and Updating its expectation for GAAP operating loss to now be between $50 million and $45 million.
Vimeo, Inc. operates a video experience platform, providing a full breadth of video tools through a software-as-a-service (SaaS) model. The Company's comprehensive and cloud-based tools encourage its users to create, collaborate and communicate with video on a single, turnkey platform. Its cloud-based eliminates barriers to using video and solves essential video needs, including creation, collaboration, distribution, hosting, monetization, and analytics. It sells subscription plans including self-serve and add-ons, Vimeo Enterprise, and others. Its self-serve and add-ons relate to its subscription plans sold directly online, and any add-on services tied to those online subscriptions. Its Vimeo Enterprise relates to its video offering designed for teams and organizations. Its others relate to products and services that primarily offer over-the-top (OTT) video monetization solutions that allow customers to launch and run their own video streaming channel directly to their audience.
VIMEO, INC. 
