Vimeo (NASDAQ:VMEO) Releases Earnings Results, Beats Expectations By $0.05 EPS

Vimeo (NASDAQ:VMEO) posted its earnings results on Monday. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05, Briefing.com reports. The company had revenue of $104.91 million for the quarter, compared to analysts’ expectations of $100.40 million. Vimeo had a return on equity of 6.07% and a net margin of 5.28%. The firm’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 Stock Up 0.5 %

VMEO stock opened at $3.94 on Wednesday. The business has a 50 day moving average of $4.26 and a 200 day moving average of $3.92. Vimeo has a twelve month low of $3.02 and a twelve month high of $5.77. The firm has a market cap of $662.08 million, a PE ratio of 30.16 and a beta of 2.02.

Analysts Set New Price Targets

Separately, Piper Sandler reiterated a “neutral” rating and issued a $4.50 price objective (up from $4.00) on shares of Vimeo in a research report 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.