![]() ![]() Vimeo is down nearly 70% in that time, even after today's increase. This slight upgrade to the outlook was enough to send the stock higher, mainly because shares have declined so far in the past year. Net losses will be more modest than originally projected, though. Vimeo is still expecting sales in 2023 to decline in the mid-single-digit percentage range, thanks to strength in its enterprise services platform and stability in the online subscription service. The company's short-term outlook reflects those improving earnings trends. "We are getting to a more normalized environment," executives explained. In the agreement for the Vimeo spin-off, IAC shareholders received 1.6235 shares of Vimeo stock for each share of IAC stock they held as of May 24. (VMEO) Stock Historical Prices & Data - Yahoo Finance Dow Futures Nasdaq Futures -15.75(-0.12) Russell 2000 Futures -7.50(-0.42) Crude Oil 71.06 -0.05(-0.07) Gold. Vimeo hasn't completely solved its growth challenges, but management said in a conference call with investors that they're seeing stabilization in the core content delivery platform following a growth hangover last year. "We're very much on track to simplify Vimeo and grow efficiently in the future," CEO Anjali Sud said in a press release. Operating losses lessened to $3 million, compared to $26 million a year ago. (VMEO) delivered earnings and revenue surprises of 100 and 1.11, respectively, for the quarter ended March 2023. ![]() Vimeo reported its third consecutive quarter of positive cash flow and adjusted profitability. Vimeo stock rises after earnings as outlook calls for narrower loss than was previously forecast. While the company's sales continued to shrink, as they did in late 2022, financial trends improved. Vimeo Inc (VMEO) Stock Price & News - Google Finance +0.10 Home VMEO NASDAQ Vimeo Inc Follow Share 3.56 May 12, 8:30:00 PM GMT-4 USD NASDAQ Disclaimer search Compare to Cognyte. It also provides professional software, tools and. provides online video software and services. Vimeo published Q1 operating results before the market opened on Thursday, and Wall Street was happy with the update. U.S.: Nasdaq Add to Watchlist 0.00 VMEO Real Time Quote About Vimeo Inc. ![]()
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