Vimeo Inc. · Q4 2022 earnings

Briefing

Vimeo's Q4 2022 results showcased growth in Vimeo Enterprise bookings and positive Adjusted EBITDA and Free Cash Flow.

Vimeo's Q4 2022 saw a 1% decrease in revenue year-over-year to $105.6 million, but Vimeo Enterprise grew 35%. The company achieved positive Adjusted EBITDA of $6.5 million and Free Cash Flow of $1.9 million. Vimeo Enterprise bookings grew 59% year-over-year, while Self-Serve & Add-Ons bookings were down 5%.

• Revenue decreased 1% year-over-year to $105.6 million.
• Vimeo Enterprise bookings grew 59% year-over-year.
• Adjusted EBITDA profit was $6.5 million, a $14.1 million improvement from Q4 2021.
• Free Cash Flow was $1.9 million, or 2% of revenue.

Headline financials

Revenue & EPS history

For Q1 2023, Vimeo expects revenue to be at least $100 million, GAAP operating loss of approximately $26 million, and Adjusted EBITDA to be around breakeven. For full-year 2023, Vimeo expects a mid-single digit percent decline in revenue, GAAP operating loss between $79 million and $74 million, and Adjusted EBITDA between $5 million and $10 million.