Vimeo reports Q1 EPS 0c, consensus (14c)

Reports Q1 revenue $103.6M, consensus $102.09M. "In the first quarter Vimeo delivered our third consecutive quarter of positive Adjusted EBITDA and Free Cash Flow, and our third quarter of accelerating Bookings growth in Vimeo Enterprise. Importantly, we are seeing encouraging signs that we can return Self-Serve to growth as we get to a more normalized post COVID environment. We believe our results and the momentum behind our initiatives indicate that we’re very much on track to simplify Vimeo and grow efficiently in the future," said Anjali Sud, CEO of Vimeo. Total Bookings fell 5% year-over-year. Self-Serve & Add-Ons Bookings were down 6%, Vimeo Enterprise Bookings grew 62% year-over-year, and Other Bookings were down 31%. Vimeo Enterprise now represents 14% of total Bookings.