Refer to “Forward-Looking Statements” below for information on the factors that could cause our actual results to differ materially from these forward-looking statements. The guidance provided above constitutes forward-looking statements and actual results may differ materially. Adjusted EBITDA between $5 million and $10 million.GAAP operating loss between $79 million and $74 million, and.A mid-single digit percent decline in revenue,.Adjusted EBITDA to be around breakeven.GAAP operating loss of approximately $26 million, and.
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Free Cash Flow was negative $34.0 million.įor the first quarter of 2023, Vimeo expects:.Cash used by operations was $37.1 million.Operating loss was $82.9 million, resulting in operating loss margin of negative 19%.Gross profit increased $40.3 million year-over-year to $329.4 million, a 76% gross margin.Revenue increased 11% year-over-year to $433.0 million, driven by Vimeo Enterprise revenue growth of 69%.Vimeo Enterprise Bookings increased 53% year-over-year, while Self-Serve & Add-Ons bookings were down 1%.Free Cash Flow was $1.9 million, or 2% of revenue.Cash provided by operations was $1.7 million, or 2% of revenue.Adjusted EBITDA profit was $6.5 million, a $14.1 million improvement from the fourth quarter of 2021.Operating loss was $6.5 million, resulting in operating loss margin of negative 6%.
Gross profit increased 2% year-over-year to $80.9 million, a 77% gross margin.Revenue decreased 1% year-over-year to $105.6 million, while Vimeo Enterprise grew 35%.Vimeo Enterprise Bookings grew 59% year-over-year, while Self-Serve & Add-Ons bookings were down 5%.In Q1, Vimeo executed a reduction in force aimed at increasing efficiency and driving operational focus.Vimeo Enterprise Net Revenue Retention (NRR) was again over 100%.Vimeo Enterprise added new customers including Business Wire, HP Inc., Hyundai NGV, LG Electronics, Yahoo!, BET, and S&P Global.Self-Serve & Add-Ons now has approximately 1.5 million Subscribers, and Vimeo Enterprise has 2.2 thousand Subscribers.Please see our Operating Metrics and Key Terms section below for a description of these terms and the changes from prior terms. We believe that this better reflects how the Company is managed and provides greater clarity into the Company's business for its stockholders. Please note: We have adjusted our operating metrics and key terms by disaggregating our revenue and associated metrics into three categories. See reconciliations of GAAP to non-GAAP measures below. Ī Media Snippet accompanying this announcement is available by clicking on the image or link below: Watch Vimeo's interactive shareholder video now available at /investors.
“In 2023, we have a clear plan to continue Vimeo Enterprise momentum and get Self-Serve back to growth, while allocating resources in a way that should meaningfully simplify our business, improve capital efficiency and maintain our leadership in innovation." “Vimeo ended 2022 with our second consecutive quarter of positive Adjusted EBITDA and Free Cash Flow, and bookings in our flagship Vimeo Enterprise business accelerated to grow 59% year-over-year," said Anjali Sud, Chief Executive Officer of Vimeo. (NASDAQ: VMEO) (“Vimeo”) released its results for the fourth quarter ended December 31, 2022 today.
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