NASDAQ$VMEO
Vimeo Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Vimeo made progress by simplifying operations, improving go-to-market and product experiences, and launching innovative features, leading to improved net income, positive operating cash flow, and positive Free Cash Flow (FCF).
Vimeo reported a revenue of $101.835 million, a net income of $5.9 million, and positive progress in strategic priorities including simplifying Vimeo, returning to growth, and increasing efficiency.
- Bookings decline rate slowed down, and excluding 'Other', Vimeo bookings grew 2% year-over-year.
- Enterprise bookings increased by 72% and surpassed 'Other' as a percentage of total bookings.
- Self-Serve retention was stable, and Vimeo Enterprise Net Revenue Retention (NRR) exceeded 100%.
- Innovation investments resulted in the release of an AI-powered video creation suite.
Headline financials
Revenue & EPS history
Vimeo · Revenue · Quarterly
$102M
Revenue by segment
Vimeo · $12.9M total across 1 segment · Q2 2023
- Vimeo Enterprise$12.9M—100.0%
Forward guidance
For Q3 2023, Vimeo expects revenue to be slightly above $100 million and Adjusted EBITDA to be near $2 million. For full year 2023, they are reaffirming a mid-single digit percent decline in revenue and updating Adjusted EBITDA expectations to range from $10 to $15 million.
Tailwinds
- Continued progress in Q2 gives us confidence in our ability to execute against our goals of returning to bookings growth by year end while driving non-GAAP profitability.
- Revenue to be slightly above $100 million for third quarter 2023
- Updating GAAP operating loss expectations to now range from $19 to $14 million for full year 2023.
- Updating Adjusted EBITDA* expectations to now range from $10 to $15 million for full year 2023.
- Returning to bookings growth by year end while driving non-GAAP profitability.
Headwinds
- Bookings precedes revenue, so a return to revenue growth would lag a return to bookings growth.
- GAAP operating loss to be approximately $8 million for third quarter 2023.
- Adjusted EBITDA to be near $2 million, down sequentially from Q2 due to the timing of certain expenses.
- Reaffirming an expected mid-single digit percent decline in revenue for full year 2023.
- Revenue has been experiencing single-digit percent declines.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 13 quarterly earnings reports · overlaid with Q2 2023
-0.5%
Avg return
Earnings day
+6.7%
Avg return
5 days after
+9.2%
Avg return
30 days after
50%
11 / 22 earnings
Positive
+43.2%
Q3 2024
Best reaction
-28.4%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q3 2025 | -0.4% | -0.1% | — | |
| Q2 2025 | +8.4% | +2.4% | +12.1% | |
| Q1 2025 | -10.1% | -9.7% | -12.6% | |
| Q4 2024 | -18.7% | -14.6% | -19.2% | |
| Q3 2024 | +43.2% | +39.2% | +38.4% | |
| Q2 2024 | +19.0% | +30.2% | +42.2% | |
| Q1 2024 | +6.8% | +7.4% | +4.6% | |
| Q4 2023 | +4.4% | +9.4% | +41.8% | |
| Q3 2023 | +8.5% | +8.2% | +13.7% | |
| Q2 2023 | +13.6% | +2.9% | -3.9% | |
| Q1 2023 | +10.1% | +8.6% | +27.5% | |
| Q4 2022 | +5.8% | +8.0% | -0.3% | |
| Q3 2022 | +5.7% | +10.6% | +16.8% | |
| Q2 2022 | +6.4% | +12.5% | -10.6% | |
| Q1 2022 | -3.9% | -14.0% | -21.8% | |
| Q4 2019 | -3.8% | — | — | |
| Q4 2021 | -15.0% | — | — | |
| Q3 2020 | -0.7% | — | — | |
| Q3 2021 | -28.4% | — | — | |
| Q4 2020 | -22.1% | — | — | |
| Q2 2020 | -22.1% | — | — | |
| Q2 2021 | -18.4% | — | — | |
| Q1 2021 | — | — | — | |
| Q1 2020 | — | — | — |
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