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Sep 30, 2023
Vimeo Q3 2023 Earnings Report
Vimeo's topline growth moved in a positive direction and the company returned to profitability.
Key Takeaways
Vimeo's Q3 2023 showed positive momentum with bookings growth and improved revenue trajectory, particularly in Self-Serve & Add-Ons. The company also achieved net income of $8 million and Adjusted EBITDA of $13 million, demonstrating the profit capacity of the Vimeo model.
Total bookings grew 4% in Q3.
Total revenue was $106 million, down 2% year-over-year.
Vimeo Enterprise bookings growth was 55% and revenue growth was 53% year-over-year.
Self-Serve & Add-Ons saw improvement in top line performance with bookings down 4% and revenue down 6% year-over-year.
Revenue by Segment
Forward Guidance
For Q4 2023, Vimeo expects revenue to be above $100 million and Adjusted EBITDA to be in the high-single digit millions of dollars. They anticipate revenue to be down mid-single digit percentage points for the full year and Adjusted EBITDA to be between $27 million and $30 million. Bookings are expected to decline in the mid-single digits year-over-year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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