NASDAQ$VMEO

Vimeo Inc. · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Vimeo achieved slight year-over-year bookings growth and generated $105 million in revenue.

Vimeo reported a slight increase in bookings year-over-year and generated $105 million in revenue for Q3 2024. Vimeo Enterprise revenue grew by 42%, reaching $100 million in annualized bookings, with ARPU increasing by 11% year-over-year. The company generated net income of $9 million and Free Cash Flow of $21 million.

  • Vimeo Enterprise grew revenue by 42% and reached $100 million in annualized bookings.
  • Pipeline for Vimeo Enterprise grew both sequentially and versus last year, with ARPU increased 11% year-over-year to over $23 thousand.
  • Net income was $9 million and Free Cash Flow was $21 million.
  • OTT bookings have stabilized over the course of 2024, and the company added three new six-figure deals in the quarter.

Headline financials

Total Revenue

$105M

Previous: $106M-1.6%
EPS (adj)

$0.05

Previous: $0.05+0.0%
Self-Serve ARPU

$181.00

No prior period
Self-Serve Subscribers

1.3M

No prior period
Enterprise ARPU

$23K

No prior period
Enterprise Subscribers

3.8K

No prior period
OTT ARPU

$16.4K

No prior period
OTT Subscribers

3.1K

No prior period
Adjusted EBITDA

$16.1M

No prior period
Gross Margin

79.0%

No prior period
Capital Expenditures

-$13K

Previous: -$1K-1200.0%
Net Income

$9.28M

Previous: $8M+16.0%
Operating Income

$7.37M

Previous: $8M-7.9%
Gross Profit

$82.9M

Previous: $84M-1.4%
R&D Expense

$26.6M

Previous: $23.2M+14.8%
Stock-Based Comp

$8.27M

Previous: $7.12M+16.1%

Revenue & EPS history

Vimeo · Revenue · Quarterly

$105M

Q3 2024-1.6%vs Q3 2023
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Vimeo · $20.8M total across 1 segment · Q3 2023

  • Vimeo Enterprise
    $20.8M

Forward guidance

For the fourth quarter of 2024, Vimeo expects revenue to be around $100 million, operating income to be approximately $2 million, and Adjusted EBITDA to be nearly $10 million depending on investments.

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 Q3 2024

Historical avgQ3 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

Earnings price reactions
QuarterReport dateReaction (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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