Vimeo, Inc. reported a revenue of $103.0 million for the first quarter of 2025, a decrease of 2% from $104.9 million in the same period of 2024. The company's net loss for the quarter was $3.9 million, compared to a net income of $6.1 million in the prior year. This shift in profitability is attributed to a combination of decreased revenue and increased operating expenses, which rose to $85.1 million from $78.9 million year-over-year. The gross profit margin also declined slightly to 77% from 78%, reflecting the challenges in maintaining profitability amid rising costs.
The decline in revenue was primarily driven by a 5% decrease in the Self-Serve segment, which saw a drop in average subscribers. However, the Vimeo Enterprise segment experienced significant growth, with revenue increasing by 32% to $24.4 million, supported by a 15% rise in average subscribers and a 16% increase in average revenue per user (ARPU). The OTT segment also faced a revenue decline of 6%, while Add-Ons and Other categories saw decreases of 21% and 52%, respectively, due to reduced demand and product deprecation.
In terms of operational metrics, Vimeo reported a total of 1,189 Self-Serve subscribers, down from 1,342 a year earlier. The company’s total cash and cash equivalents decreased to $289.0 million from $325.3 million at the end of 2024. The company also repurchased 3.9 million shares of its common stock during the quarter, completing its previous stock repurchase program, and has authorized a new program of up to $50 million.
Looking ahead, Vimeo's management indicated that they expect to continue investing in product development, which may lead to further increases in operating expenses. The company remains focused on enhancing its video platform and expanding its market presence, despite the current challenges in revenue generation and profitability. The outlook suggests a cautious approach, with management acknowledging the potential impact of macroeconomic conditions on future performance.
About Vimeo, Inc.
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