2023-05-03 17:17:51 ET
- Vimeo Holdings press release ( NASDAQ: VMEO ): Q1 GAAP EPS of $0.00 beats by $0.14 .
- Revenue of $103.6M (-4.4% Y/Y) beats by $1.5M .
- Adjusted EBITDA was $3.2 million, a $13.6 million improvement from the first quarter of 2022.
- Cash used by operations was $1.2 million, and Vimeo generated positive Free Cash Flow of $4.9 million, or 5% of revenue.
- Outlook: For the second quarter of 2023, Vimeo expects: Revenue to be approximately $100 million vs. consensus of $102.72M, GAAP operating loss of approximately $17 million, and Adjusted EBITDA to be at or slightly above breakeven.
- For full-year 2023, Vimeo is : Reaffirming an expected mid-single digit percent decline in revenue, Updating its expectation for GAAP operating loss to now be between $50 million and $45 million, and Reaffirming its expectation for Adjusted EBITDA to be between $5 million and $10 million.
For further details see:
Vimeo Holdings beats Q1 top and bottom line estimates; initiates Q2 and updates FY23 outlook