Vimeo, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024
February 21, 2024 at 04:03 pm EST
Share
Vimeo, Inc. provided earnings guidance for the first quarter and full year 2024. for the quarter, the company expects revenue to be around $100 million and Operating loss to be between approximately $4 million and $2 million.
For the year, the company expects revenue to be between $385 million and $400 million (down 8% to 4% year-over-year) and Operating loss to be between approximately $5 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.