Vimeo, Inc. Provides Revenue Guidance for the Fourth Quarter of 2021
November 04, 2021 at 08:30 am EDT
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Vimeo, Inc. provided revenue guidance for the fourth quarter of 2021. The company now expects fourth quarter revenue growth to be at or slightly above 25%. In terms of the year-over-year percentage comparisons, keep in mind, the company is lapping very strong growth in the fourth quarter of 2020 of 54%. So on a 2-year stack basis, fourth quarter of 2021 is expected to grow at 79%, and acceleration from 77% in third quarter of 2021.
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. 
