VMEO - Vimeo posts 1% Y/Y fall in subscribers for month of September
- Vimeo ( NASDAQ: VMEO ) on Tuesday announced monthly metrics for Sept., with subscribers falling for the first time this year.
- However, total revenue and average revenue per user (ARPU), a key revenue metric, gained.
- The video platform and software provider said total revenue grew 5% Y/Y in Aug., with ARPU also adding 5% Y/Y.
- Subscribers fell 1% Y/Y.
- According to its website, VMEO has more than 260M users, more than 1.7M paid subscribers and over 100B video views.
- VMEO stock earlier closed flat at $3.83.
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Vimeo posts 1% Y/Y fall in subscribers for month of September