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Sep 30, 2021
Vimeo Q3 2021 Earnings Report
Vimeo reported Q3 2021 financial results with revenue increasing 33% to $100 million.
Key Takeaways
Vimeo's Q3 2021 revenue reached $100.1 million, a 33% increase year-over-year, driven by subscriber growth and ARPU expansion. The company now serves over 6,000 paying Enterprise customers. Vimeo Events was launched this week as the latest expansion of Vimeo's product suite.
Revenue increased 33% year-on-year driven by a 14% increase in subscribers and 15% growth in ARPU.
Enterprise revenue grew more than 60% in the quarter, and Vimeo now has more than 6,000 paying Enterprise customers.
GAAP operating loss was $11.5 million, compared to GAAP operating loss of $7.5 million in the third quarter of fiscal 2020.
Free cash flow was $9.4 million, compared to $8.6 million in the third quarter of fiscal 2020.
Forward Guidance
Vimeo will live stream a video conference to answer questions regarding its third quarter results on Thursday, November 4, 2021, at 8:30 a.m. Eastern Time. This live stream will include the disclosure of certain information, including forward-looking information, which may be material to an investor’s understanding of Vimeo’s business.
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