VMEO - Vimeo Holdings GAAP EPS of $0.03 beats by $0.13 revenue of $102M beats by $1.41M
2023-08-01 17:22:34 ET
- Vimeo Holdings press release ( NASDAQ: VMEO ): Q2 GAAP EPS of $0.03 beats by $0.13 .
- Revenue of $102M (-8.1% Y/Y) beats by $1.41M .
- Shares +9% AH.
- We lowered the year-over-year rate of decline of our bookings by 2 points sequentially to 3% vs. 5% in Q1’23, and excluding Other, Vimeo bookings grew 2% year-over-year
- Enterprise bookings grew 72% and have surpassed Other as a percentage of total bookings,
- Self-Serve retention, both subscribers and bookings, was again stable sequentially, and Vimeo Enterprise Net Revenue Retention (NRR) was above 100%
- For third quarter 2023,
- Revenue to be slightly above $100 million,
- GAAP operating loss to be approximately $8 million, and
- Adjusted EBITDA to be near $2 million, down sequentially from Q2 due to the timing of certain expenses.
- For full year 2023, we are: Reaffirming an expected mid-single digit percent decline in revenue,
- Updating GAAP operating loss expectations to now range from $19 to $14 million, and
- Updating Adjusted EBITDA* expectations to now range from $10 to $15 million.
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Vimeo Holdings GAAP EPS of $0.03 beats by $0.13, revenue of $102M beats by $1.41M