NASDAQ$VMEO
Vimeo Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Vimeo's Q2 2024 performance showed resilience with revenue growth and increased profitability, driven by Vimeo Enterprise and efficient cost management.
Vimeo's Q2 2024 results demonstrated resilience with 2% year-over-year revenue growth, led by a 55% increase in Vimeo Enterprise revenue. The company reported net income of $10 million, adjusted EBITDA of $16 million, and free cash flow of $20 million. They also repurchased $16 million worth of shares.
- Revenue grew by 2% year-over-year, driven by Vimeo Enterprise.
- Vimeo Enterprise revenue increased by 55% year-over-year.
- Net income reached $10 million, with adjusted EBITDA at $16 million and free cash flow at $20 million.
- The company repurchased $16 million of its shares.
Headline financials
Revenue & EPS history
Vimeo · Revenue · Quarterly
$104M
Revenue by segment
Vimeo · $20.8M total across 1 segment · Q3 2023
- Vimeo Enterprise$20.8M—100.0%
Forward guidance
For Q3 2024, revenue is expected to be at or below $100 million. Operating loss is expected to be approximately $1 million, and adjusted EBITDA is expected to be in the high single-digit millions of dollars. For the full year 2024, revenue is expected to be around $405 million, operating income approximately $3 million, and adjusted EBITDA in the range of $40 million.
Tailwinds
- Revenue to be at or around $405 million for the full year 2024.
- Operating income to be approximately $3 million for the full year 2024.
- Adjusted EBITDA to be in the range of $40 million for the full year 2024.
- Adjusted EBITDA to be in the high single-digit millions of dollars for Q3 2024.
- Share repurchase authorization to reduce dilution from share issuance.
Headwinds
- Revenue to be at or below $100 million for Q3 2024.
- Operating loss to be approximately $1 million for Q3 2024.
- Adjusted EBITDA level depends on the timing of investment spending.
- OTT product to stabilize.
- Deprecating other products in the Other category that we expect to eventually decline to zero.
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 2024
-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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