NEW YORK, Feb. 27, 2023 (GLOBE NEWSWIRE) — Vimeo, Inc. (NASDAQ: VMEO) (“Vimeo”) released its results for the fourth quarter ended December 31, 2022 today. “Vimeo ended 2022 with our second consecutive quarter of positive Adjusted EBITDA and Free Cash Flow, and bookings in our flagship Vimeo Enterprise business accelerated to grow 59% year-over-year,” said Anjali Sud, Chief Executive Officer of Vimeo. “In 2023, we have a clear plan to continue Vimeo Enterprise momentum and get Self-Serve back to growth, while allocating resources in a way that should meaningfully simplify our business, improve capital efficiency and maintain our leadership in innovation.” Watch Vimeo’s interactive shareholder video now available at https://vimeo.com/investors. A Media Snippet accompanying this announcement is available by clicking on the image or link below: VIMEO, INC. SUMMARY RESULTS ($ in millions except per share amounts) Q4 2022 Q4 2021 Revenue$105.6 $106.1 Gross profit 80.9 79.5 Gross profit margin 77% 75% Operating income (loss) (6.5) (23.6) Net income (loss) (5.1) (24.0) Diluted EPS (0.03) (0.15) Adjusted EBITDA 6.5 (7.6) See reconciliations of GAAP to non-GAAP measures below. Please note: We have adjusted our operating metrics and key terms by disaggregating our revenue and associated metrics into three categories. We believe that this better reflects how the Company is managed and provides greater clarity into the Company’s business for its stockholders. Please see our
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Vimeo Reports Q4 2022 Financial Results – GlobeNewswire
