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Vimeo is still projecting modestly lower sales in 2023. However, the profit outlook is improving, and traffic trends have stabilized.
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NEW YORK, April 21, 2023 (GLOBE NEWSWIRE) -- Vimeo, Inc. (NASDAQ: VMEO), today announced the dates for its first quarter 2023 earnings release and earnings video event. After the close of market trading on Wednesday, May 3, 2023, Vimeo will post its first quarter results on the Investor Relations section of its website at https://www.vimeo.com/investors . On Thursday, May 4, 2023, at 8:30 a.m. ET, Vimeo will live stream a video conference to answer questions regarding its first quarter results. The live stream and replay of the video will be open to the public at https://www.vimeo.com/investors .
Vimeo, Inc. (VMEO) delivered earnings and revenue surprises of 80% and 0.52%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Vimeo, Inc. (NASDAQ: VMEO), today announced the dates for its fourth quarter 2022 earnings release and earnings video event. After the close of market trading on Monday, February 27, 2023, Vimeo will post its fourth quarter results on the Investor Relations section of its website at https://www.vimeo.com/investors . On Tuesday, February 28, 2023, at 8:30 a.m. ET, Vimeo will live stream a video conference to answer questions regarding its fourth quarter results. The live stream and replay of the video will be open to the public at https://www.vimeo.com/investors .
Despite focusing on enterprise users, VMEO is failing to attract more enterprises to its offerings. VMEO has been losing subscribers for the past 4 months which is a major red flag in this industry.
In the middle of another rough session on Wall Street, video services platform provider Vimeo (NASDAQ: VMEO ) contributed its own jitters. On Wednesday, management announced to its employees that it would lay off 11% of the workforce.
The rash of layoffs come after tech companies hired aggressively during the pandemic. But fears of a recession in 2023 have put the brakes on growth.
Vimeo on Wednesday became the latest company to announce a reduction in its workforce due to deteriorating economic conditions. The cuts will impact nearly every department.
Vimeo has launched another round of layoffs, a company spokesperson confirmed to Insider on Wednesday.