VMEO Stock Recent News

Vimeo, Inc. (VMEO) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Vimeo, Inc. (NASDAQ:VMEO ) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET Company Participants Yaoxian Chew - VP, IR Mark Kornfilt - President and Chief Product Officer Gillian Munson - CFO Conference Call Participants Tom Champion - Piper Sandler Youssef Squali - Truist Brent Thill - Jefferies Brian Fitzgerald - Wells Fargo William Care - Cowen Dan Salmon - BMO Cory Carpenter - JPMorgan Justin Patterson - KeyBanc Operator Good morning and thank you for joining Vimeo's Q1 Earnings Event. We're excited to be here in front of you.

Vimeo Inc. VMEO, +2.32% stock dropped more than 10% in after-hours trading Wednesday after the video sharing and hosting platform reported a mixed quarter, swinging to a quarterly loss and showing revenue above Wall Street expectations. Vimeo said it lost $26.6 million, or 16 cents a share, in the first quarter, versus earnings of $3.3 million, or 2 cents a share, in the year-ago period.

Vimeo stock is now down over 80% since its IPO. Management is trying to re-accelerate growth by shifting their focus to enterprises and broadening their product offerings.