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Mar 31, 2022
Vimeo Q1 2022 Earnings Report
Vimeo's Q1 2022 financial results showed a 21% increase in revenue, driven by subscriber growth and ARPU, despite an operating loss.
Key Takeaways
Vimeo's Q1 2022 revenue increased by 21% year-over-year to $108 million. The company experienced growth in both subscribers and ARPU. However, the company reported an operating loss of $26.3 million and a net loss of $26.6 million.
Revenue increased 21% year-over-year, driven by a 6% increase in subscribers and 12% growth in ARPU.
Sales-Assisted Revenue grew over 50% year-over-year.
GAAP gross profit was $81.6 million, a 27% increase year-over-year.
Vimeo now has approximately 1.7 million paying subscribers.
Forward Guidance
For the second quarter of 2022, Vimeo expects revenue growth of 12% to 14% year-over-year, a GAAP operating loss margin of roughly negative 28%, and an Adjusted EBITDA loss between $11.0 million and $13.0 million.
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