Vimeo (NASDAQ:VMEO) Announces Quarterly Earnings Results

Vimeo (NASDAQ:VMEO) issued its quarterly earnings results on Monday. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05, Briefing.com reports. Vimeo had a net margin of 5.28% and a return on equity of 6.07%. The business had revenue of $104.91 million for the quarter, compared to analyst estimates of $100.40 million. The company’s revenue was up 1.3% compared to the same quarter last year. Vimeo updated its Q2 2024 guidance to EPS and its FY 2024 guidance to EPS.

Vimeo Trading Down 0.8 %

VMEO opened at $3.89 on Wednesday. Vimeo has a 12-month low of $3.02 and a 12-month high of $5.77. The firm has a 50 day moving average of $4.26 and a two-hundred day moving average of $3.92. The firm has a market capitalization of $653.68 million, a PE ratio of 30.16 and a beta of 2.02.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler restated a “neutral” rating and issued a $4.50 target price (up previously from $4.00) on shares of Vimeo in a research note on Tuesday.

About Vimeo

Vimeo, Inc, together with its subsidiaries, provides video software solutions worldwide. It provides the video tools through a software-as-a-service model, which enables its users to create, collaborate, and communicate with video on a single platform. The company also offers over-the-top OTT streaming and monetization services; AI-driven video creation and editing tools; and interactive and shoppable video tools.