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Sep 30, 2024
Vimeo Q3 2024 Earnings Report
Vimeo achieved slight year-over-year bookings growth and generated $105 million in revenue.
Key Takeaways
Vimeo reported a slight increase in bookings year-over-year and generated $105 million in revenue for Q3 2024. Vimeo Enterprise revenue grew by 42%, reaching $100 million in annualized bookings, with ARPU increasing by 11% year-over-year. The company generated net income of $9 million and Free Cash Flow of $21 million.
Vimeo Enterprise grew revenue by 42% and reached $100 million in annualized bookings.
Pipeline for Vimeo Enterprise grew both sequentially and versus last year, with ARPU increased 11% year-over-year to over $23 thousand.
Net income was $9 million and Free Cash Flow was $21 million.
OTT bookings have stabilized over the course of 2024, and the company added three new six-figure deals in the quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the fourth quarter of 2024, Vimeo expects revenue to be around $100 million, operating income to be approximately $2 million, and Adjusted EBITDA to be nearly $10 million depending on investments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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