Vimeo said that as of the end of Q1 it had about 1.5 million self-serve and add-ons subscribers, and 2,500 Vimeo Enterprise subscribers. In a bid to cut costs, Vimeo this January announced that it would lay off 11% of its employees. The company narrowed its net loss to $700,000 (versus a net loss of $26.6 million in the year-earlier period). New York-based Vimeo spun off from Barry Diller’s IAC internet conglomerate in 2021, when it became an independent publicly traded entity.įor the first quarter of 2023, Vimeo’s revenue fell 4% year-over-year to $103.6 million and gross profit declined 2% to $79.9 million. Discover top-notch videos, creators, and collections related to your interests, hand-selected by our 100-percent-human curation team. Vimeo blog Video School Customer stories. “It’s an all-in-one video experience platform giving creative professionals, businesses and organizations everything they need to make and market amazing, impactful videos.” Get to know everything Vimeo can do for your business. Watch videos in HD plus all the video tools you need, and no ads: upload, screen record, live stream, edit, collaborate, share, and manage your videos. “Today, Vimeo is much more than a viewing destination,” the company says in the notice. These services include video creation, editing, broadcasting tools and connecting. The platform is ad-free, and instead gains revenue by providing subscription plans for businesses and content creators and offering software as a service (SaaS). Vimeo launched its apps for Apple TV, Android TV and Roku in 2016. Vimeo is a video sharing platform that includes features such as live-streaming and customization. The company noted that the change does not apply to branded apps available to Vimeo OTT Enterprise sellers. Vimeo videos can be displayed on internet-connected TVs by using Vimeo’s iOS and Android apps (or a supported web browser) to cast them via Apple AirPlay and Google Chromecast to compatible televisions.
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