Vimeo, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 04, 2023 at 01:31 am IST
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Vimeo, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 103.58 million compared to USD 108.35 million a year ago. Net loss was USD 0.698 million compared to USD 26.56 million a year ago.
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. 
