VMEO - Vimeo's December metrics show more declines in subscribers revenues
- Vimeo ( NASDAQ: VMEO ) posted its monthly metrics for December - and the figures tell a continuing story of a slide in subscribers and now revenues.
- Subscribers fell year-over-year for the fourth straight month - by 5% in December, vs. declines of 1%, 3% and 4% in September, October and November.
- Meanwhile revenues that had broken a growth streak by shrinking in November (by 1%) declined by 2% year-over-year in December.
- Revenues and subscribers had seen double-digit year-over-year growth into early 2022, when subscriber growth began to slow (and eventually reverse). Revenues kept up double-digit growth until late summer.
- Growth in average revenue per user stayed on the positive side, but not by much: It grew 2% in December, the same rate as in November (but also down from double-digit growth heading into 2022).
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Vimeo's December metrics show more declines in subscribers, revenues