![]() ![]() First quarter adjusted operating profits clocked in at $1.8 million, marking the third straight quarter of being in the green for Vimeo. ![]() The listing comes on the heels of Vimeo posting 57% sales growth in the first quarter as companies continued to invest in professional video tools during the pandemic. The online video platform debuted on the Nasdaq under the ticker symbol VMEOV. Vimeo is the latest company to be spun out of Barry Diller’s IAC Interactive ( IAC), following in the footsteps of dating platform Match Group in July 2020. We have always used M&A as another growth lever and we will do that as it makes sense." "So we will always look at M&A opportunities, and it is everything from new technology, institutional knowledge, intellectual property that we don't have yet as well as incredible teams and talent. We have also integrated all of that into Vimeo's platform," Sud, who joined now former parent company IAC Interactive in 2014 and took over as CEO in 2017, told Yahoo Finance Live. Revenue decreased 4 year-over-year to 103.6. "We've done several acquisitions in the last few years, everything from live-streaming to AI-based video creation. In first-quarter results released May 3, Vimeo reported an operating loss of 2.8 million, a 23.5 million improvement from the first quarter of 2022. In fact, Sud is already back on the hunt for Vimeo's next acquisition while also plotting out new investments in the company. See the complete profile on LinkedIn and discover Neha’s. We are making this decision in order to ensure we come out of this economic downturn a stronger company. View Neha Parikh’s profile on LinkedIn, the world’s largest professional community. Dear Vimeans, Today I have hard news to share: after careful consideration, we have made the decision to reduce our workforce by 6. Vimeo CEO Anjali Sud is taking the market's initial muted reaction to the company's trading debut on Tuesday in stride. JToday I sent the following email to all Vimeo employees. ![]()
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