Shares of Vimeo(NASDAQ: VMEO)dropped 27% on Thursday after the company released its third-quarter results. Earnings for the video software company were in line with analyst expectations, but guidance for the fourth quarter and 2022 were disappointing, which caused the stock to drop today. As of this writing, shares of Vimeo are down 26.7%.
Is Vimeo (vmeo) stock public?
Nov 04, 2021 · Analysts were reportedly expecting 28% growth in Q4 and 32% growth in 2022, so this guidance from management was way below their expectations. This is why Vimeo stock is down over 25% today.
What is Vimeo's market capitalization?
Nov 06, 2021 · Management lowered its view for fourth-quarter revenue, likely spooking some investors. Vimeo guided for revenue growth to slow in Q4, coming in at or slightly above 25%. The company cited a tough...
What is downdetector Vimeo?
Aug 06, 2021 · Shares of Vimeo ( VMEO -3.84% ) were tumbling on Friday after the company reported disappointing second-quarter earnings. The recent spin-off from IAC/InterActivCorp was down as much as 17.1% on...
Is Vimeo a SaaS company?
Apr 11, 2022 · Barron's Vimeo Stock Is Tanking Because the Company’s Revenue Outlook Fell Short
Is Vimeo stock a good buy?
Vimeo has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.
Why is Vimeo tanking?
Vimeo Stock Is Tanking Because the Company's Revenue Outlook Fell Short. Vimeo stock nosedived Thursday after the provider of video production software tools issued a disappointing forecast for both the current quarter and for next year, reflecting slower-than-expected growth emerging from the pandemic.Nov 4, 2021
Why is Wix stock down?
According to management, this deceleration is primarily due to a pull-forward in demand from the pandemic. As many businesses were forced to shift online during COVID-19, Wix saw a rapid increase in new users throughout 2020.Mar 8, 2022
How many shares of Vimeo will I get?
Vimeo's financial performance has been improving. IAC holders will receive 1.6235 Vimeo shares for each IAC share they own. After the deal, IAC will hold no Vimeo shares. On a fully diluted basis, including restricted stock units and options, Vimeo will have 186 million shares outstanding.May 21, 2021
What happened to Vimeo?
IAC formally announced plans to spin off Vimeo as a public-owned company in December 2020, with the process expected to close by the second quarter of 2021.
Is Wix losing money?
(WIX), an Israeli software company, on Wednesday posted an increase in its losses for the fourth quarter of the fiscal 2021, amidst Covid-19 induced volatile market conditions and higher operating expenses. Excluding items, the company's loss missed the Street view.Feb 16, 2022
Why is Wex stock down?
The stock fell post Q3 2021 earnings despite the company beating consensus estimates for revenues and earnings. The sell off could have been triggered due to slightly lower than estimated future guidance by the company.Dec 1, 2021
Is Wix stock a good buy?
Wix is performing well financially today. Even with the reduced guidance, management expects at least 27% year-over-year growth in 2021. Moreover, the company has plenty of areas to fuel continued growth. These factors make it a worthwhile investment with upside potential for years to come.Oct 20, 2021
What company owns Vimeo?
IACSince shortly after its founding, Vimeo has been owned by IAC, the enormous tech and media holding company behind Angie's List, Ask, Dotdash (formerly About.com), and, until recently, the dating app juggernaut Match Group. IAC expects to complete the spinoff of Vimeo in the second quarter of 2021.Dec 22, 2020
What was Vimeo IPO price?
Vimeo stock began trading on Nasdaq under the symbol “VMEO.” It closed at $45.39 per share, down from its price of $52.08 on Monday. That gives it a current market capitalization of about $8.5 billion.May 25, 2021
What does Vimeo going public mean?
On May 25th, 2021, Vimeo(VMEO) went public on Nasdaq as an independent entity at a price of $52.08 per share after completing the spun-off from former parent company InterActiveCorp (IAC). Anjali Sud described this as “dreams[1]” that “do come true,” and she has every right to be proud of what Vimeo has accomplished.Jun 11, 2021
Is Vimeo a buy right now?
8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Vimeo in the last twelve months. There are currently 4 h...
When is Vimeo's next earnings date?
Vimeo is scheduled to release its next quarterly earnings announcement on Wednesday, May 4th 2022. View our earnings forecast for Vimeo .
How were Vimeo's earnings last quarter?
Vimeo, Inc. (NASDAQ:VMEO) posted its quarterly earnings data on Tuesday, February, 8th. The company reported ($0.15) EPS for the quarter, missing t...
What guidance has Vimeo issued on next quarter's earnings?
Vimeo updated its FY 2022 earnings guidance on Wednesday, February, 23rd. The company provided earnings per share (EPS) guidance of for the period....
What price target have analysts set for VMEO?
8 brokers have issued twelve-month price objectives for Vimeo's stock. Their forecasts range from $18.00 to $30.00. On average, they expect Vimeo's...
Who are Vimeo's key executives?
Vimeo's management team includes the following people: Ms. Anjali Sud , CEO & Director Mr. Mark Kornfilt , Pres & CPO (Age 38, Pay $1.73M) Mr....
Who are some of Vimeo's key competitors?
Some companies that are related to Vimeo include GDS (GDS) , Yandex (YNDX) , Switch (SWCH) , Weibo (WB) , DigitalOcean (DOCN) , Wix.com (WIX)...
What is Vimeo's stock symbol?
Vimeo trades on the NASDAQ under the ticker symbol "VMEO."
Who are Vimeo's major shareholders?
Vimeo's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (4.74%), Bla...
What happened
Shares of video software specialist Vimeo (NASDAQ: VMEO) fell sharply this week. The stock declined as much as 32.3%, according to S&P Global Market Intelligence. As of the end of the week, shares were down a total of 30.8%.
So what
Vimeo said its third-quarter revenue rose 33% year over year to $100.1 million. Its loss per share was $0.07. These results beat analysts' average forecasts for the two metrics. But Vimeo's revenue was only slightly ahead of the $100.0 million consensus estimate by analysts.
Now what
Investors should keep in mind that Vimeo is going up against some extremely tough year-ago comparisons. In its fourth quarter of 2020, for instance, revenue grew a staggering 54%. As management notes, this anticipated 25%-plus growth in Q4 would actually mark an acceleration (79% growth versus 77% growth in Q3) on a two-year stack basis.
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What happened
Shares of Vimeo ( NASDAQ:VMEO) were tumbling on Friday after the company reported disappointing second-quarter earnings. The recent spin-off from IAC/InterActivCorp was down as much as 17.1% on the news. As of 1:01 p.m. EDT, the stock was down 14.6%.
So what
Vimeo reported a second-quarter earnings per share loss of $0.13, which was worse than the $0.05 loss analysts were expecting. The company is also seeing a worsening trend in monthly subscriber and revenue growth. Vimeo's revenue grew 46% year over year in April but has slowed every month since, hitting 35% year-over-year growth in July.
Now what
While Vimeo's stock is now trading at a discount from earlier in the week, the company still has a market cap north of $6 billion. With $397 million in projected full-year 2021 revenue, that gives shares a forward price-to-sales ratio of 15.1 after this drop. That's not crazy expensive, but it's not cheap, either.
About Vimeo
Vimeo, Inc. owns and operates an online video platform for users to upload, share, and watch videos. The company's platform provides video player, collaboration, marketing, live streaming, analystics, hosting, and management solutions.
Headlines
Vimeo shares are trading lower after the the company reported Q4 earnings results. - Benzinga
Vimeo (NASDAQ:VMEO) Frequently Asked Questions
8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Vimeo in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Vimeo stock. View analyst ratings for Vimeo or view top-rated stocks.
Referenced Symbols
Vimeo Inc. VMEO, -0.55% closed its first trading day as a standalone company Tuesday with shares down 13% from where they ended at the close of a roughly weeklong "when-issued" trading period. Shares of video-software company Vimeo finished Tuesday's session at $45.39, below Monday's when-issued closing price of $52.08.
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Is Vimeo a public company?
It’s also worth pointing out that Vimeo is the 11th public company to come from a spinoff by IAC/Interactivecorp. Joey Levin, CEO of IAC/Interactivecorp and chairman of Vimeo, had this to say about the VMEO stock spinoff news.
Is VMEO stock publicly traded?
Here’s everything potential investors need to know about Vimeo now that VMEO stock is trading publicly.
How much money does Vimeo have in 2021?
For the first quarter of 2021, Vimeo reported $89.4 million (up 57% from the year prior) and net income of $3.3 million (compared with a net loss of $20.3 million in Q1 2020). The New York-based company held $316 million in cash and equivalents and no debt as of March 31.
How many subscribers does Vimeo have?
Vimeo provides a suite of video tools for businesses and independent creators. It has more than 200 million users and as of the end of March had 1.6 million paying subscribers, up 25% year over year.
When did Vimeo become part of IAC?
Vimeo became part of IAC in 2006 through IAC’s $26 million acquisition of Connected Ventures, a collection of businesses whose main attraction was College Humor. Best of Variety. The Best Movies on Netflix. 2022 Oscars Predictions: The Collective. Everything Coming to Netflix in May 2021.
Is Vimeo a public company?
Vimeo is the 11th public company to be spun off from IAC, joining the ranks of companies including Match Group, Expedia, LendingTree, HSN (now part of Qurate) and Ticketmaster (now part of Live Nation Entertainment).
Is Vimeo publicly traded?
Shares of video-hosting provider Vimeo fell 12.85% on Tuesday, its first day of trading as a publicly traded company after being spun off from Barry Diller’s IAC internet conglomerate. Vimeo stock began trading on Nasdaq under the symbol “VMEO.”.
