Vimeo reports Q4 EPS 5c, consensus (1c)

Reports Q4 revenue $105.5M, consensus $102.31M. Total bookings fell 3% in the quarter. The company said: “Over the past few quarters and accelerating into 2024, we are making important changes designed to help position Vimeo for a future in which video is even more central to our daily lives. With these tailwinds, we’re moving to more efficient product-led growth, with increased delivery of innovation and improved go-to-market systems and processes. These changes are already having a positive impact on our internal operations, and more importantly, on the value we’re able to provide for customers.”