VMEO Stock Recent News
VMEO LATEST HEADLINES
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.
Start Time: 17:00 January 1, 0000 5:19 PM ET Vimeo, Inc.
Although the revenue and EPS for Vimeo, Inc. (VMEO) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Vimeo stock jumped more than 7% after the video-sharing platform unexpectedly reported a profit for the third quarter. For the three months ended September 30, 2023, it posted earnings of $8.5 million or $0.05 per share, an improvement from a loss of $21.4 million or a loss per share of $0.13 in the year-ago quarter.