Vimeo, Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2022 and Full Year Ending December 31, 2022
May 04, 2022 at 04:05 pm EDT
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Vimeo, Inc. provided earnings guidance for the second quarter ending June 30, 2022 and full year ending December 31, 2022. For the second quarter of 2022, Vimeo expects: Revenue growth of 12% to 14% year-over-year. GAAP Operating loss margin of roughly negative 28% at the midpoint of the guided ranges.
For full-year 2022, Vimeo expects: GAAP Operating loss between $93.2 million and $98.2 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.
VIMEO, INC. 
