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Vimeo, Inc. (NASDAQ:VMEO ) Q1 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Gillian Munson - CFO Philip Moyer - CEO Conference Call Participants Youssef Squali - Truist Brian Fitzgerald - Wells Fargo Tom Champion - Piper Sandler Will Kerr - TD Cowen Operator Hello, and thank you for joining Vimeo's Q1 2024 Earnings Live Q&A. Before we begin a few comments.
In the closing of the recent trading day, Vimeo, Inc. (VMEO) stood at $3.51, denoting a +1.01% change from the preceding trading day.
Video-hosting platform Vimeo has named Philip Moyer as its new CEO, effective Apr. 8. Moyer has been vice president of the Strategic Industries unit at Alphabet's Google Cloud since July 2019. Prior to Alphabet, Moyer also served as Director of Financial Services at Amazon Web Services.
Video-hosting platform Vimeo said on Thursday it has named Philip Moyer as its new CEO, effective Apr. 8.
Video-sharing platform Rumble Inc. NASDAQ: RUM released its Q4 2023 earnings report with less-than-stellar results. The highlights included rising daily active users and an 8-cent EPS beat, with losses coming in at 14 cents versus 22 cents.
Vimeo, Inc. (VMEO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
While the top- and bottom-line numbers for Vimeo, Inc. (VMEO) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Vimeo, Inc. (VMEO) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to loss of $0.03 per share a year ago.
The name Vimeo Inc. NASDAQ: VMEO may sound familiar to many. You may recall social media videos, training videos and music videos with the Vimeo watermark at the bottom of the screen.
Revenue fell to $106.3 million, but investors were focused on a rapidly improving bottom line today. The challenge for Vimeo will be returning to growth as self-serve customers dwindle on the platform.