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Earnings Call Summary | Vimeo(VMEO.US) Q1 2024 Earnings Conference

Futu News ·  May 7 17:52  · Conference Call

The following is a summary of the Vimeo, Inc. (VMEO) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Vimeo has shown consistent year-over-year growth in gross profit, net income, and adjusted EBITDA.

  • The company's financial health has improved notably from a loss of $10 million in adjusted EBITDA two quarters ago to a gain of $12 million in this quarter.

Business Progress:

  • Vimeo Enterprise continues to perform well with robust growth and significant customer wins.

  • Despite reduced marketing spend, the Self-Serve & Add-Ons segment has shown resilience.

  • The company anticipates both segments to remain strong in spite of potential macroeconomic challenges.

  • Under the leadership of a new CEO, plans are underway for further investments in the business.

More details: Vimeo IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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