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.