0001837686-21-000004 | 10-Q | XBRL Viewer

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2021	Apr. 30, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Entity File Number	333-251656-01
Entity Registrant Name	VIMEO HOLDINGS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-4334195
Entity Address, Address Line One	555 West 18th Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10011
City Area Code	212
Local Phone Number	314-7300
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Central Index Key	0001837686
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		90
Class B common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		10

CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Cash	$ 10.00	$ 0
TOTAL ASSETS	10.00	0
SHAREHOLDERS' EQUITY:
Preferred Stock, value	0	0
Additional paid-in-capital	9.00	9.00
Stock subscription receivable	0	(10.00)
Total shareholders' equity	10.00	0
Vimeo Inc.
ASSETS
Cash and cash equivalents	316,305,000	110,011,000
Accounts receivable, net	14,121,000	12,785,000
Other current assets	11,335,000	7,932,000
Total current assets	341,761,000	130,728,000
Leasehold improvements and equipment, net	3,320,000	3,321,000
Goodwill	219,337,000	219,337,000
Intangible assets with definite lives, net	8,967,000	10,854,000
Other non-current assets	11,124,000	6,839,000
TOTAL ASSETS	584,509,000	371,079,000
LIABILITIES:
Accounts payable, trade	2,797,000	3,324,000
Promissory note due on demand—related party	0	44,565,000
Deferred revenue	147,766,000	137,436,000
Accrued expenses and other current liabilities	40,102,000	47,432,000
Total current liabilities	190,665,000	232,757,000
Long-term debt—related party	0	50,000,000
Other long-term liabilities	4,710,000	3,242,000
Commitments and contingencies
SHAREHOLDERS' EQUITY:
Preferred Stock, value	0	0
Additional paid-in-capital	667,348,000	366,676,000
Accumulated deficit	(279,696,000)	(283,009,000)
Accumulated other comprehensive loss	(109,000)	(87,000)
Total shareholders' equity	389,134,000	85,080,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	584,509,000	371,079,000
Common Stock
SHAREHOLDERS' EQUITY:
Common stock, value	0.90	0.90
Common Stock \| Vimeo Inc.
SHAREHOLDERS' EQUITY:
Common stock, value	928,000	837,000
Class B common stock
SHAREHOLDERS' EQUITY:
Common stock, value	0.10	0.10
Class B common stock \| Vimeo Inc.
SHAREHOLDERS' EQUITY:
Common stock, value	$ 663,000	$ 663,000

CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue	$ 89,422	$ 56,968
Cost of revenue (exclusive of depreciation shown separately below)	24,956	18,358
Gross profit	64,466	38,610
Operating expenses:
Research and development expense	21,475	15,293
Sales and marketing expense	32,069	25,125
General and administrative expense	14,518	12,204
Depreciation	115	58
Amortization of intangibles	1,887	3,123
Total operating expenses	70,064	55,803
Operating loss	(5,598)	(17,193)
Interest expense	(64)	0
Interest expense–related party	(726)	(2,453)
Other income (expense), net	10,086	(59)
Earnings (loss) before income taxes	3,698	(19,705)
Income tax provision	(385)	(555)
Net earnings (loss) attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders	$ 3,313	$ (20,260)
Per share information attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders:
Basic earnings (loss) per share (USD per share)	$ 0.02	$ (0.14)
Diluted earnings (loss) per share (USD per share)	$ 0.02	$ (0.14)
Stock-based compensation expense by function:
Compensation expense	$ 4,912	$ 2,016
Cost of revenue
Stock-based compensation expense by function:
Compensation expense	20	4
Research and development expense
Stock-based compensation expense by function:
Compensation expense	1,720	460
Sales and marketing expense
Stock-based compensation expense by function:
Compensation expense	322	157
General and administrative expense
Stock-based compensation expense by function:
Compensation expense	$ 2,850	$ 1,395

CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS (Unaudited) - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Net earnings (loss) attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders	$ 3,313	$ (20,260)
Other comprehensive loss:
Change in foreign currency translation	(22)	(120)
Total other comprehensive loss	(22)	(120)
Comprehensive income (loss) attributable to Class A Voting common stock and Class B Non-Voting common stock	$ 3,291	$ (20,380)

- Definition

Amount after tax of income (loss) from continuing operations attributable to the parent.

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- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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+ Details

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands	Total	Vimeo Inc.	Common Stock Vimeo Inc. Common Stock	Common Stock Vimeo Inc. Class B common stock	Additional Paid-in-Capital Vimeo Inc.	Accumulated Deficit Vimeo Inc.	Accumulated Other Comprehensive Loss Vimeo Inc.
Balance at beginning of period at Dec. 31, 2019		$ 23,633,000	$ 750,000	$ 660,000	$ 223,754,000	$ (201,299,000)	$ (232,000)
Balance at beginning of period (shares) at Dec. 31, 2019			75,000	66,021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders		(20,260,000)				(20,260,000)
Other comprehensive loss		(120,000)					(120,000)
Stock-based compensation expense		2,016,000			2,016,000
Issuance of common stock to IAC/InterActiveCorp as reimbursement for settlement of Vimeo, Inc. stock appreciation rights		1,000		$ 1,000
Issuance of common stock to IAC/InterActiveCorp as reimbursement for settlement of Vimeo, Inc. stock appreciation rights (shares)				130
Other		566,000			566,000
Balance at end of period at Mar. 31, 2020		5,836,000	$ 750,000	$ 661,000	226,336,000	(221,559,000)	(352,000)
Balance at end of period (shares) at Mar. 31, 2020			75,000	66,151
Balance at beginning of period at Dec. 31, 2020	$ 0	85,080,000	$ 837,000	$ 663,000	366,676,000	(283,009,000)	(87,000)
Balance at beginning of period (shares) at Dec. 31, 2020			83,656	66,285
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders		3,313,000				3,313,000
Other comprehensive loss		(22,000)					(22,000)
Stock-based compensation expense		4,912,000			4,912,000
Issuance of common stock to IAC/InterActiveCorp as reimbursement for settlement of Vimeo, Inc. stock appreciation rights		(4,401,000)	$ 1,000		(4,402,000)
Issuance of common stock to IAC/InterActiveCorp as reimbursement for settlement of Vimeo, Inc. stock appreciation rights (shares)			133
Issuance of common stock, net of fees		299,750,000	$ 90,000		299,660,000
Issuance of common stock, net of fees (in shares)			9,000
Other		502,000			502,000
Balance at end of period at Mar. 31, 2021	$ 10.00	$ 389,134,000	$ 928,000	$ 663,000	$ 667,348,000	$ (279,696,000)	$ (109,000)
Balance at end of period (shares) at Mar. 31, 2021			92,789	66,285

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Net loss attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders	$ 3,313	$ (20,260)
Adjustments to reconcile net earnings (loss) attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders to net cash used in operating activities:
Stock-based compensation expense	4,912	2,016
Amortization of intangibles	1,887	3,123
Depreciation	115	58
Current period provision for credit losses	82	824
Gain on the sale of an asset	(10,217)	0
Other adjustments, net	231	1,371
Changes in assets and liabilities:
Accounts receivable	(2,278)	(3,220)
Other assets	(1,829)	(1,222)
Due to IAC/InterActiveCorp	2,974	6,239
Accounts payable and other liabilities	(10,493)	(4,136)
Deferred revenue	11,281	14,819
Net cash used in operating activities	(22)	(388)
Cash flows from investing activities:
Capital expenditures	(135)	(77)
Proceeds from the sale of an asset	7,768	0
Other, net		98
Net cash provided by investing activities	7,633	21
Cash flows from financing activities:
Proceeds from sale of common stock, net of fees	299,750	0
Principal payments on related-party debt	(94,565)	0
Proceeds from issuance of related-party debt	0	2,442
Deferred financing costs	(1,440)	0
Withholding taxes paid on behalf of Vimeo employees for the exercise of stock appreciation rights	(4,733)	(582)
Net cash provided by financing activities	199,012	1,860
Total cash provided	206,623	1,493
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(132)	(189)
Net increase in cash and cash equivalents and restricted cash	206,491	1,304
Cash and cash equivalents and restricted cash at beginning of period	110,037	1,963
Cash and cash equivalents and restricted cash at end of period	$ 316,528	$ 3,267

CONSOLIDATED BALANCE SHEET (Unaudited) (Parenthetical)	Mar. 31, 2021 $ / shares shares
Preferred stock, par value (USD per share) \| $ / shares	$ 0.01
Preferred stock authorized (in shares)	100,000,000
Preferred stock issued (shares)	0
Preferred stock outstanding (shares)	0
Vimeo Inc.
Preferred stock, par value (USD per share) \| $ / shares	$ 0.01
Preferred stock authorized (in shares)	50,000,000
Preferred stock issued (shares)	0
Preferred stock outstanding (shares)	0
Common Stock
Common stock, par value (USD per share) \| $ / shares	$ 0.01
Common stock authorized (in shares)	1,600,000,000
Common stock issued (shares)	90
Common stock outstanding (shares)	90
Common Stock \| Vimeo Inc.
Common stock, par value (USD per share) \| $ / shares	$ 0.01
Common stock authorized (in shares)	150,000,000
Common stock issued (shares)	92,789,000
Common stock outstanding (shares)	83,656,000
Class B common stock
Common stock, par value (USD per share) \| $ / shares	$ 0.01
Common stock authorized (in shares)	400,000,000
Common stock issued (shares)	10
Common stock outstanding (shares)	10
Class B common stock \| Vimeo Inc.
Common stock, par value (USD per share) \| $ / shares	$ 0.01
Common stock authorized (in shares)	150,000,000
Common stock issued (shares)	66,285,000
Common stock outstanding (shares)	66,285,000

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical)	Mar. 31, 2021 $ / shares
Common Stock
Common stock, par value (USD per share)	$ 0.01
Common Stock \| Vimeo Inc.
Common stock, par value (USD per share)	0.01
Class B common stock
Common stock, par value (USD per share)	0.01
Class B common stock \| Vimeo Inc.
Common stock, par value (USD per share)	$ 0.01

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2021
The Company and Summary of Significant Accounting Policies [Line Items]
THE COMPANY, ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	ORGANIZATION On December 22, 2020, IAC/InterActiveCorp ("IAC") announced that its Board of Directors approved a plan to spin-off its full stake in Vimeo, Inc. ("Vimeo") to IAC shareholders. IAC's Vimeo business will be separated from the remaining businesses of IAC through a series of transactions (which we refer to as the "Spin-off") that, if completed in their entirety, will result in the transfer of IAC's Vimeo business to Vimeo Holdings, Inc. ("SpinCo"), a wholly-owned subsidiary of IAC, with SpinCo becoming an independent, separately traded public company through a spin-off from IAC, and Vimeo, Inc., the IAC subsidiary that currently holds the Vimeo business, becoming a wholly-owned subsidiary of SpinCo. In connection with the foregoing, SpinCo will be renamed as Vimeo, Inc. and Vimeo will be renamed as Vimeo.com, Inc. The proposed transaction is subject to a number of conditions including final approval by IAC’s Board of Directors, approval of the separation proposal by IAC stockholders, and other customary conditions and approvals and is expected to close pre-market on May 25, 2021. In connection with the Spin-off, SpinCo was incorporated as a Delaware corporation in December 2020. SpinCo currently does not have any material assets or liabilities, nor does it engage in any business or other activities and, other than in connection with the Spin-off, will not acquire or incur any material assets or liabilities, nor will it engage in any business or other activities. The consolidated balance sheet reflects the initial capitalization of SpinCo upon its incorporation. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The balance sheet is presented in accordance with accounting principles generally accepted in the United States of America. Principles of Consolidation The consolidated financial statement includes the accounts of SpinCo and its wholly-owned subsidiary, Stream Merger Sub, Inc., a Delaware corporation. All inter-company transactions and balances have been eliminated in consolidation.
Vimeo Inc.
The Company and Summary of Significant Accounting Policies [Line Items]
THE COMPANY, ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Spin-off On December 22, 2020, IAC/InterActiveCorp ("IAC") announced that its Board of Directors approved a plan to spin-off its full stake in Vimeo, Inc. ("Vimeo") to IAC shareholders. IAC's Vimeo business will be separated from the remaining businesses of IAC through a series of transactions (which we refer to as the "Spin-off") that, if completed in their entirety, will result in the transfer of IAC's Vimeo business to Vimeo Holdings, Inc. ("SpinCo"), a wholly-owned subsidiary of IAC, with SpinCo becoming an independent, separately traded public company through a spin-off from IAC, and Vimeo, Inc., the IAC subsidiary that currently holds the Vimeo business, becoming a wholly-owned subsidiary of SpinCo. In connection with the foregoing, SpinCo will be renamed as Vimeo, Inc. and Vimeo will be renamed as Vimeo.com, Inc. The proposed transaction is subject to a number of conditions including final approval by IAC’s Board of Directors, approval of the separation proposal by IAC stockholders, and other customary conditions and approvals and is expected to close pre-market on May 25, 2021. IAC does not currently own 100% of Vimeo. As a result, Vimeo sought and received approval from holders of Vimeo's voting stock to merge Vimeo with a subsidiary of SpinCo that would result in Vimeo being wholly-owned by SpinCo in connection with the Spin-off. The merger remains subject to a number of conditions. If the Spin-off is effected and the Vimeo merger is completed, the holders of shares of IAC capital stock outstanding immediately prior to the Spin-off will continue to own all of the outstanding shares of IAC capital stock, and will become the direct owners of a percentage of the outstanding shares of SpinCo capital stock approximately equal, in the aggregate, to IAC’s indirect ownership interest in Vimeo prior to the Spin-off. The remaining shares of SpinCo’s outstanding capital stock will, if the Vimeo merger is completed, be owned by Vimeo’s pre-separation third-party stockholders. If the Spin-off is completed but the Vimeo merger is not completed, the shares of SpinCo capital stock issued to IAC stockholders in the Spin-off will initially constitute all of the outstanding shares of SpinCo capital stock immediately following the consummation of the Spin-off, Vimeo’s pre-separation third-party stockholders will initially remain stockholders of Vimeo, and SpinCo will own approximately 88% of Vimeo’s outstanding shares. SpinCo anticipates that it would subsequently seek to implement an alternative transaction to cause or permit the stockholders of Vimeo to exchange their ownership interests in Vimeo for an interest in SpinCo. Nature of Operations Vimeo is the world’s leading all-in-one video software solution, providing the full breadth of video tools through a software-as-a-service model. Vimeo’s comprehensive and cloud-based tools empower its users to create, collaborate and communicate with video on a single, turnkey platform. Basis of Presentation and Consolidation The historical consolidated financial statements of Vimeo and subsidiaries have been prepared on a standalone basis and are derived from the historical accounting records of Vimeo and IAC. The consolidated financial statements reflect the historical financial position, results of operations and cash flows of Vimeo and its consolidated subsidiaries since their respective dates of acquisition by Vimeo and the allocation to Vimeo of certain IAC corporate expenses relating to Vimeo based on the historical accounting records of IAC. The allocation of certain IAC corporate expenses is reflected in the consolidated balance sheet within "Additional paid-in capital." For the purpose of these consolidated financial statements, income taxes have been computed for Vimeo on an as if standalone, separate tax return basis and payments to and refunds from IAC for Vimeo’s share of IAC’s consolidated state tax return liabilities have been reflected within cash flows from operating activities in the accompanying consolidated statement of cash flows. As used herein, "Vimeo," "we," "our" or "us" and similar terms in these historical consolidated financial statements refer to Vimeo, Inc. and its subsidiaries (unless the context requires otherwise). Vimeo prepares its consolidated financial statements in accordance with U.S. generally accepted accounting principles ("GAAP"). All intercompany transactions and balances between and among Vimeo and its subsidiaries have been eliminated. All intercompany transactions between (i) Vimeo and (ii) IAC and its subsidiaries (other than subsidiaries of Vimeo), other than borrowings from and principal payments to certain IAC subsidiaries, which were not Vimeo subsidiaries, related to amounts evidenced by notes, are reflected in the consolidated statement of cash flows as "Due to IAC/InterActiveCorp" as an operating activity and in the consolidated balance sheet within "Accrued expenses and other current liabilities." Borrowings from and principal payments to certain IAC subsidiaries, in each case other than Vimeo subsidiaries, related to amounts evidenced by notes are reflected in the consolidated statement of cash flows as financing activities and in the consolidated balance sheet as "Promissory notes due on demand — related party" and "Long-term debt — related party." In management’s opinion, the assumptions underlying the historical consolidated financial statements of Vimeo, including the basis on which the expenses have been allocated from IAC, are reasonable. However, these allocations may not reflect the expenses that Vimeo would have incurred as an independent, stand-alone company for the periods presented. The accompanying unaudited consolidated financial statements have been prepared in accordance with GAAP for interim financial information and with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and notes required by GAAP for complete annual financial statements. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for the full year. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the annual audited consolidated financial statements of Vimeo for the year ended December 31, 2020 and notes thereto included in the joint proxy statement/consent solicitation statement/prospectus of IAC and SpinCo filed with the Securities and Exchange Commission on April 8, 2021. Accounting Estimates Management of Vimeo is required to make certain estimates, judgments and assumptions during the preparation of its consolidated financial statements in accordance with GAAP. These estimates, judgments and assumptions impact the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of assets and liabilities. Actual results could differ from these estimates. On an ongoing basis, Vimeo evaluates its estimates, judgments and assumptions, including those related to: the fair values of cash equivalents; the carrying value of accounts receivable, including the determination of the allowance for credit losses; the determination of customer relationship period for certain costs to obtain a contract with a customer; the carrying value of right-of-use assets ("ROU assets"); the useful lives and recoverability of leasehold improvements and equipment and intangible assets with definite lives; the recoverability of goodwill; contingencies; unrecognized tax benefits; the valuation allowance for deferred income tax assets; and the fair value of and forfeiture rates for stock-based awards, among others. Vimeo bases its estimates, judgments and assumptions on historical experience, its forecasts and budgets and other factors that Vimeo considers relevant. General Revenue Recognition Revenue is recognized when control of the promised services or goods is transferred to Vimeo's customers and in the amount that reflects the consideration Vimeo expects to be entitled to in exchange for those services or goods. Deferred Revenue Deferred revenue consists of payments that are received or are contractually due in advance of Vimeo's performance. Vimeo’s deferred revenue is reported on a contract-by-contract basis at the end of each reporting period. Vimeo classifies deferred revenue as current when the remaining term of the applicable subscription period or expected completion of Vimeo's performance obligation is one year or less. The current and non-current deferred revenue balances at December 31, 2020 are $137.4 million and $0.8 million, respectively. During the three months ended March 31, 2021, Vimeo recognized $65.6 million of revenue that was included in the deferred revenue balance as of December 31, 2020. During the three months ended March 31, 2020, Vimeo recognized $38.9 million of revenue that was included in the deferred revenue balance as of December 31, 2019. The current and non-current deferred revenue balances at March 31, 2021 are $147.8 million and $0.9 million, respectively. Non-current deferred revenue is included in "Other long-term liabilities" in the accompanying consolidated balance sheet. Practical Expedients and Exemptions As permitted under the practical expedient available under ASU No. 2014-09, Revenue from Contracts with Customers, Vimeo does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts with variable consideration that is allocated entirely to unsatisfied performance obligations or to a wholly unsatisfied promise accounted for under the series guidance, and (iii) contracts for which Vimeo recognizes revenue at the amount which Vimeo has the right to invoice for services performed. Assets Recognized from the Costs to Obtain a Contract with a Customer Vimeo has determined that certain costs, primarily commissions, paid to employees pursuant to certain sales incentive programs and mobile app store fees meet the requirements to be capitalized as a cost of obtaining a contract. Commissions paid to employees pursuant to certain sales incentive programs are amortized over the estimated customer relationship period. Vimeo calculates the estimated customer relationship period as the average customer life, which is based on historical data. When customer renewals are expected and the renewal commission is not commensurate with the initial commission, the average customer life includes renewal periods. For sales incentive programs where the customer relationship period is one year or less, Vimeo has elected the practical expedient to expense the costs as incurred. Vimeo generally capitalizes and amortizes mobile app store fees over the term of the applicable subscription. The current and non-current capitalized costs to obtain a contract with a customer are included in "Other current assets" and "Other non-current assets" in the accompanying consolidated balance sheet and are $3.0 million and $5.2 million, and $2.7 million and $4.9 million, at March 31, 2021 and December 31, 2020, respectively. Recent Accounting Pronouncements There are no recently issued accounting pronouncements that have not yet been adopted that are expected to have a material effect on the consolidated results of operations, financial condition or cash flows of Vimeo.

INCOME TAXES	3 Months Ended
INCOME TAXES	Mar. 31, 2021
Vimeo Inc.
Income Taxes [Line Items]
INCOME TAXES	INCOME TAXES Vimeo is included within IAC’s tax group for purposes of federal and consolidated state income tax return filings. In the periods presented, current and deferred income tax provision have been computed for Vimeo on an as if standalone, separate tax return basis and payments to and refunds from IAC for Vimeo's share of IAC’s consolidated state tax return liabilities have been reflected within cash flows from operating activities in the accompanying consolidated statement of cash flows. At the end of each interim period, Vimeo estimates the annual expected effective income tax rate and applies that rate to its ordinary year-to-date earnings or loss. The income tax provision or benefit related to significant, unusual, or extraordinary items, if applicable, that will be separately reported or reported net of their related tax effects are individually computed and recognized in the interim period in which they occur. In addition, the effect of changes in enacted tax laws or rates, tax status, judgment on the realizability of a beginning-of-the-year deferred tax asset in future years or unrecognized tax benefits is recognized in the interim period in which the change occurs. The computation of the annual expected effective income tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected pre-tax income (or loss) for the year, projections of the proportion of income (and/or loss) earned and taxed in foreign jurisdictions, permanent and temporary differences, and the likelihood of the realization of deferred tax assets generated in the current year. The accounting estimates used to compute the provision or benefit for income taxes may change as new events occur, more experience is acquired, additional information is obtained or Vimeo's tax environment changes. To the extent that the expected annual effective income tax rate changes during a quarter, the effect of the change on prior quarters is included in income tax provision in the quarter in which the change occurs. For the three months ended March 31, 2021 and 2020, Vimeo recorded an income tax provision of $0.4 million and $0.6 million, respectively, due to international and state taxes for jurisdictions in which it conducts business. The decrease in income tax provision is driven by a decrease in international tax accruals. Vimeo is in a net operating loss ("NOL") position for federal and state income tax purposes. The largest deferred tax assets are the federal and state NOLs. Vimeo has recorded a valuation allowance for its net deferred tax assets because it has concluded that it is more likely than not that the NOLs will not be utilized due to its history of pre-tax losses. Vimeo recognizes interest and penalties related to unrecognized tax benefits, if applicable, in the income tax provision. There are currently no accruals for interest or penalties. At March 31, 2021 and December 31, 2020, unrecognized tax benefits are $2.0 million and $1.9 million, respectively, all of which are for tax positions included in IAC's consolidated tax return filings. If unrecognized tax benefits at March 31, 2021 are subsequently recognized, there would be no impact to the income tax provision due to the valuation allowance on deferred tax assets. Vimeo believes it is reasonably possible that its unrecognized tax benefits could decrease by $0.4 million by March 31, 2022, due primarily to settlements, none of which would reduce the income tax provision due to the valuation allowance on deferred tax assets. Vimeo is routinely under audit by federal, state, local and foreign authorities in the area of income tax as a result of previously filed separate company and consolidated tax returns with IAC. These audits include questioning the timing and the amount of income and deductions and the allocation of income and deductions among various tax jurisdictions. The Internal Revenue Service ("IRS") has substantially completed its audit of IAC's federal income tax returns for the years ended December 31, 2010 through 2017, which includes the operations of Vimeo. The statute of limitations for the years 2010 through 2012 and for the years 2013 through 2017 have been extended to May 31, 2021 and June 30, 2022, respectively. Various other jurisdictions are open to examination for tax years beginning with 2009. Income taxes payable include unrecognized tax benefits that are considered to be sufficient to pay assessments that may result from the examination of prior year tax returns. Vimeo considers many factors when evaluating and estimating its tax positions and tax benefits, which may not accurately anticipate actual outcomes and, therefore, may require periodic adjustment. Although management currently believes changes in unrecognized tax benefits from period to period and differences between amounts paid, if any, upon resolution of issues raised in audits and amounts previously provided will not have a material impact on the liquidity, results of operations, or financial condition of Vimeo, these matters are subject to inherent uncertainties and management's view of these matters may change in the future.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

FAIR VALUE MEASUREMENTS

3 Months Ended

Mar. 31, 2021

Vimeo Inc.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

FAIR VALUE MEASUREMENTS

Vimeo categorizes its financial instruments measured at fair value into a fair value hierarchy that prioritizes the inputs used in pricing the asset or liability. The three levels of the fair value hierarchy are:

•Level 1: Observable inputs obtained from independent sources, such as quoted market prices for identical assets and liabilities in active markets.

•Level 2: Other inputs, which are observable directly or indirectly, such as quoted market prices for similar assets or liabilities in active markets, quoted market prices for identical or similar assets or liabilities in markets that are not active and inputs that are derived principally from or corroborated by observable market data. The fair values of Vimeo's Level 2 financial assets are primarily obtained from observable market prices for identical underlying securities that may not be actively traded. Certain of these securities may have different market prices from multiple market data sources, in which case an average market price is used.

•Level 3: Unobservable inputs for which there is little or no market data and require Vimeo to develop its own assumptions, based on the best information available in the circumstances, about the assumptions market participants would use in pricing the assets or liabilities.

The following tables present Vimeo's financial instruments that are measured at fair value on a recurring basis:


	March 31, 2021
	Quoted Market Prices for Identical Assets in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Money market funds	$	305,230	$	—	$	—	$	305,230
Time deposits	—		138		—		138
Total	$	305,230	$	138	$	—	$	305,368


	December 31, 2020
	Quoted Market Prices for Identical Assets in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Money market funds	$	104,852	$	—	$	—	$	104,852
Time deposits	—		544		—		544
Total	$	104,852	$	544	$	—	$	105,396

Vimeo's non-financial assets, such as goodwill, intangible assets with definite lives, ROU assets and leasehold improvements and equipment, are adjusted to fair value only when an impairment is recognized. Such fair value measurements are based predominantly on Level 3 inputs.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

REVOLVING CREDIT FACILITY	3 Months Ended
REVOLVING CREDIT FACILITY	Mar. 31, 2021
Vimeo Inc.
Revolving Credit Facility [Line Items]
REVOLVING CREDIT FACILITY	REVOLVING CREDIT FACILITYOn February 12, 2021, Vimeo entered into a $100 million revolving credit facility (the "Credit Facility"), which expires on February 12, 2026. Any borrowings under the Credit Facility are guaranteed by Vimeo's wholly-owned material domestic subsidiaries, if any, and are secured by substantially all assets of Vimeo and any guarantors, subject to certain exceptions. The commitment fee, which is based on the consolidated net leverage ratio most recently reported and the average daily amount of the available revolving commitments, was 20 basis points at March 31, 2021. Any borrowings under the Credit Facility would bear interest, at Vimeo's option, at either a base rate or LIBOR, in each case plus an applicable margin, which is determined by reference to a pricing grid based on Vimeo’s consolidated net leverage ratio. The financial covenants require Vimeo to maintain a minimum liquidity of not less than $50.0 million until December 31, 2022 and, thereafter, at the end of each quarterly test period, a consolidated net leverage ratio (as defined in the agreement) of not more than 5.5 to 1.0. The Credit Facility also contains customary affirmative and negative covenants, including covenants that would limit Vimeo’s ability to pay dividends or make distributions on or repurchase certain equity interests in the event a default has occurred or Vimeo’s consolidated net leverage ratio exceeds 4.0 to 1.0. At March 31, 2021, there were no outstanding borrowings under the Credit Facility.

SHAREHOLDERS' EQUITY	3 Months Ended
SHAREHOLDERS' EQUITY	Mar. 31, 2021
Shareholders' Equity [Line Items]
SHAREHOLDERS' EQUITY	SHAREHOLDER EQUITY Description of Common Stock and Class B Convertible Common Stock Except as described herein, shares of SpinCo Common Stock and SpinCo Class B common stock are identical. Each holder of shares of SpinCo Common Stock and SpinCo Class B common stock vote together as a single class with respect to matters that may be submitted to a vote or for the consent of SpinCo shareholders generally, including the election of directors. In connection with any such vote, each holder of SpinCo common stock is entitled to one vote for each share of SpinCo Common Stock held and each holder of SpinCo Class B common stock is entitled to ten votes for each share of SpinCo Class B common stock held. In addition, Delaware law requires that certain matters be approved by the holders of shares of SpinCo Common Stock or holders of SpinCo Class B common stock voting as a separate class. Shares of SpinCo Class B common stock are convertible into shares of SpinCo Common Stock at the option of the holder thereof, at any time, on a share-for-share basis. Such conversion ratio will in all events be equitably preserved in the event of any recapitalization of SpinCo by means of a stock dividend on, or a stock split or combination of, outstanding shares of SpinCo Common Stock or SpinCo Class B common stock, or in the event of any merger, consolidation or other reorganization of SpinCo with another corporation. Upon the conversion of shares of SpinCo Class B common stock into shares of SpinCo Common Stock, those shares of SpinCo Class B common stock will be retired and will not be subject to reissue. Shares of SpinCo Common Stock are not convertible into shares of SpinCo Class B common stock. The holders of shares of SpinCo Common Stock and the holders of shares of SpinCo Class B common stock are entitled to receive such dividends as may be declared by SpinCo Board of Directors out of funds legally available therefor. In the event of a liquidation, dissolution, distribution of assets or winding-up of SpinCo, the holders of shares of SpinCo Common Stock and the holders of shares of SpinCo Class B common stock are entitled to receive, share for share, all the assets of SpinCo available for distribution to its stockholders, after the rights of the holders of any SpinCo preferred stock have been satisfied.
Vimeo Inc.
Shareholders' Equity [Line Items]
SHAREHOLDERS' EQUITY	SHAREHOLDERS' EQUITY Description of Class A Voting Common Stock and Class B Non-Voting Common Stock Except as described herein, shares of Vimeo Class A Voting common stock and Class B Non-Voting common stock are identical. The holders of shares of Vimeo Class A Voting common stock have the exclusive right to vote for the election of directors and for all other purposes, except as provided by law. Shares of Vimeo Class A Voting common stock have one vote per share and vote together as a single class. Holders of shares of Vimeo Class B Non-Voting common stock are not entitled to vote such shares in any proceeding or upon any matter or question at any meeting of the stockholders unless such right to vote is required by law. The holders of shares of Vimeo Class A Voting common stock and the holders of shares of Vimeo Class B Non-Voting common stock are entitled to receive, share for share, such dividends as may be declared by Vimeo's Board of Directors out of funds legally available therefor. If dividends are payable in shares of common stock, holders of shares of Vimeo Class A Voting common stock will receive shares in Vimeo Class A Voting common stock and holders of shares of Vimeo Class B Non-Voting common stock will receive shares in Vimeo Class B Non-Voting common stock. If dividends consist of other voting securities of Vimeo, Vimeo will make available to holders of Vimeo Class B Non-Voting common stock dividends consisting of non-voting securities (except as otherwise required by law) of Vimeo, which are otherwise identical to the voting securities. In the event of a liquidation, dissolution, distribution of assets or winding-up of Vimeo, the holders of shares of Vimeo Class A Voting common stock and the holders of shares of Vimeo Class B Non-Voting common stock are entitled to receive, share for share, all the assets of Vimeo available for distribution to its stockholders, after the satisfaction of all liabilities. On April 16, 2020, Vimeo amended its certificate of incorporation to increase the total authorized number of shares of Class A Voting common stock from 75,000,000 to 150,000,000 shares and the total authorized number of Class B Non-Voting common stock from 75,000,000 to 150,000,000 shares. At March 31, 2021, IAC held 81.0% of Vimeo's Class A Voting common stock and 97.6% of Vimeo's Class B Non-Voting common stock, or approximately 88.0% of Vimeo's total outstanding capital stock. Description of Preferred Stock Vimeo's Board of Directors is authorized to provide for the issuance of shares of preferred stock in series and to assign the designations, powers, preferences and rights to each such series and any qualifications, limitations or restrictions. There have been no preferred stock issuances to date. Sale of Common Stock In January 2021, Vimeo raised $300 million of equity capital via the sale of approximately 6.2 million shares of Vimeo Class A Voting common stock for $200 million, or $32.41 per share, at a $5.2 billion pre-money valuation, and approximately 2.8 million shares of Vimeo Class A Voting common stock for $100 million, or $35.35 per share, at a $5.7 billion pre-money valuation.

ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Mar. 31, 2021

Vimeo Inc.

Accumulated Other Comprehensive Income (Loss) [Line Items]

ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated other comprehensive loss consists of foreign currency translation adjustments:


	Three Months Ended March 31,
	2021		2020

Balance as of January 1	$	(87)	$	(232)
Other comprehensive loss	(22)		(120)
Balance as of March 31	$	(109)	$	(352)

At both March 31, 2021 and 2020, there was no income tax benefit or provision on the accumulated other comprehensive loss.

EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2021

Vimeo Inc.

Earnings (Loss) Per Share [Line Items]

EARNINGS (LOSS) PER SHARE

The following table sets forth the computation of basic and diluted earnings (loss) per share attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders:


	Three Months Ended March 31,
	2021				2020
	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net earnings (loss) attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders	$	3,313	$	3,313	$	(20,260)	$	(20,260)

Denominator:
Weighted average basic shares outstanding	156,480		156,480		141,063		141,063
Dilutive securities(a)(b)(c)	—		9,408		—		—
Denominator for earnings (loss) per share—weighted average shares(a)(b)(c)	156,480		165,888		141,063		141,063

Earnings (loss) per share attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders:
Earnings (loss) per share	$	0.02	$	0.02	$	(0.14)	$	(0.14)

_____________________

(a) If the effect is dilutive, weighted average diluted shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock appreciation rights ("SARs") and vesting of restricted stock units. For the three months ended March 31, 2021, there are no potentially dilutive securities that were excluded from the calculation of diluted earnings per share.

(b) Performance-based SARs are considered contingently issuable shares. Shares issuable upon exercise of performance-based SARs are included in the denominator of diluted earnings per share if (i) the applicable performance condition(s) has been met and (ii) the inclusion of the performance-based SARs is dilutive for the respective reporting periods. For the three months ended March 31, 2021, 2.3 million shares underlying performance-based SARs were excluded from the calculation of diluted earnings per share because the performance condition(s) had not been met.

(c) For the three months ended March 31, 2020, Vimeo had a loss from operations and as a result, approximately 15.9 million potentially dilutive securities were excluded from computing diluted earnings per share because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute all earnings per share amounts.

CONSOLIDATED FINANCIAL STATEMENT DETAILS

3 Months Ended

Mar. 31, 2021

Vimeo Inc.

Consolidated Financial Statement Details [Line Items]

CONSOLIDATED FINANCIAL STATEMENT DETAILS

Cash and Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheet to the total amounts shown in the consolidated statement of cash flows:


	March 31, 2021		December 31, 2020		March 31, 2020		December 31, 2019
	(In thousands)
Cash and cash equivalents	$	316,305	$	110,011	$	3,245	$	1,939
Restricted cash included in other current assets	223		26		22		24
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$	316,528	$	110,037	$	3,267	$	1,963

Restricted cash at March 31, 2021 primarily consists of a deposit related to a lease.

Restricted cash for all other periods primarily consists of a deposit related to corporate credit cards.

Credit Losses

The following table presents the changes in the allowance for credit losses for the three months ended March 31, 2021 and 2020, respectively:


	2021		2020
	(In thousands)
Balance at January 1	$	476	$	273
Current period provision for credit losses	82		824
Write-offs charged against the allowance	(58)		(251)

Balance at March 31	$	500	$	846

Accumulated Amortization and Depreciation

The following table provides the accumulated amortization and depreciation within the consolidated balance sheet:


Asset Category	March 31, 2021		December 31, 2020
	(In thousands)
Right-of-use assets included in other non-current assets	$	4,899	$	4,727
Leasehold improvements and equipment	$	822	$	712
Intangible assets with definite lives	$	35,733	$	33,846

Other income (expense), net


	Three Months Ended March 31,
		2021		2020
		(In thousands)
Other income (expense), net		$	10,086	$	(59)

Other income, net in 2021 includes a gain of $10.2 million related to the sale of Vimeo’s retained interest in its former hardware business.

Vimeo previously sold live streaming devices and accessories through its hardware business. Vimeo retained an interest in its former hardware business after it sold a majority stake on March 29, 2019 that provided it with rights to participate in and receive distributions in the event of positive cash flows or proceeds should there be another sale of the business. In the first quarter of 2021, the former hardware business, inclusive of Vimeo's retained interest, was sold and a gain was recognized. This gain includes amounts received in the first quarter of 2021 and funds held in escrow. Vimeo may receive additional consideration based on the revenue of its former hardware business relative to established targets through December 31, 2021. Such amounts will be recognized as income only if, and at the point in time, any additional consideration is received, or it is probable that additional consideration will be received.

Other expense, net in 2020 reflects $0.1 million of net foreign exchange losses.

Geographic Concentrations

Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below:


	Three Months Ended March 31,
		2021		2020
		(In thousands)
Revenue:
United States		$	48,141	$	29,612
All other countries		41,281		27,356
Total		$	89,422	$	56,968

The United States is the only country whose revenue is greater than 10 percent of total revenue of Vimeo for the three months ended March 31, 2021 and 2020.


	March 31, 2021		December 31, 2020
	(In thousands)
Long-lived assets (excluding goodwill, intangible assets with definite lives and ROU assets):
United States	$	2,465	$	2,549
All other countries	855		772
Total	$	3,320	$	3,321

CONTINGENCIES	3 Months Ended
CONTINGENCIES	Mar. 31, 2021
Vimeo Inc.
Contingencies [Line Items]
CONTINGENCIES	CONTINGENCIESIn the ordinary course of business, Vimeo is a party to various lawsuits. Vimeo establishes reserves for specific legal matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. Management has also identified certain other legal matters where it believes an unfavorable outcome is not probable and, therefore, no reserve is established. Although management currently believes that resolving claims against Vimeo, including claims where an unfavorable outcome is reasonably possible, will not have a material impact on the liquidity, results of operations, or financial condition of Vimeo, these matters are subject to inherent uncertainties and management's view of these matters may change in the future. Vimeo also evaluates other contingent matters, including income and non-income tax contingencies, to assess the likelihood of an unfavorable outcome and estimated extent of potential loss. It is possible that an unfavorable outcome of one or more of these lawsuits or other contingencies could have a material impact on the liquidity, results of operations, or financial condition of Vimeo. See "Note 2—Income Taxes" for additional information related to income tax contingencies.

RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2021

Vimeo Inc.

RELATED PARTY TRANSACTIONS

Relationship with IAC prior to the Spin-off

Vimeo’s consolidated statement of operations includes allocations of costs, including stock-based compensation expense, related to IAC’s accounting, treasury, legal, tax, corporate support and internal audit functions. These allocations were based on Vimeo's revenue as a percentage of IAC's total revenue. Allocated costs, inclusive of stock-based compensation expense, were $1.0 million and $0.8 million for the three months ended March 31, 2021 and 2020, respectively. It is not practicable to determine the actual expenses that would have been incurred for these services had Vimeo operated as a standalone entity during the periods presented. Management considers the allocation method to be reasonable.

In addition to these amounts, which were previously not allocated to Vimeo, but were allocated for purposes of these standalone financial statements, Vimeo is allocated expenses from IAC for certain support services, such as financial systems. Vimeo also participates in IAC's health and welfare benefit plans and obtains certain services through contracts that are held in IAC's name. The total related charge for both the three months ended March 31, 2021 and 2020 were $2.7 million. IAC also allocated $0.9 million and $1.1 million to Vimeo for the space that Vimeo occupies in IAC’s headquarters building for the three months ended March 31, 2021 and 2020, respectively. The amounts were charged to Vimeo through the "Due to IAC/InterActiveCorp" account described below.

Due to IAC/InterActiveCorp

At March 31, 2021, Vimeo has a current payable due to IAC of $3.0 million, which is included in "Accrued expenses and other current liabilities" in the accompanying consolidated balance sheet. The payable at March 31, 2021 was subsequently paid in April 2021. At December 31, 2020, there was no amount due to IAC.

Debt—Related Party

Debt—related party consists of:


	March 31, 2021		December 31, 2020
	(In thousands)
Promissory note due on demand—related party	$	—	$	44,565
Promissory note due May 2, 2023—related party	—		50,000
Total debt—related party	$	—	$	94,565

In January 2021, Vimeo repaid its outstanding related party debt to IAC in the amount of $99.5 million, which included accrued interest of $4.9 million, using a portion of the proceeds from the January 2021 primary equity raise. Each promissory note bore interest at 10% per annum. Accrued interest on debt—related party at December 31, 2020 was $4.2 million and is included in "Accrued expenses and other current liabilities" in the accompanying consolidated balance sheet.

Financial Instruments Measured at Fair Value Only for Disclosure Purposes

The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes:


	March 31, 2021				December 31, 2020
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(In thousands)
Promissory note due on demand—related party	$	—	$	—	$	44,565	$	44,565
Long-term debt—related party	$	—	$	—	$	50,000	$	54,545

The fair value of debt—related party, including the promissory note due on demand—related party, was based on Level 3 inputs and was estimated by discounting the future cash flows based on current market conditions.

Relationship with IAC following the Spin-off

If the Spin-off is consummated, Vimeo will enter into certain agreements with IAC to govern the relationship between the Vimeo and IAC following the Spin-off. These agreements will include: a separation agreement; a tax matters agreement; a transition services agreement; and an employee matters agreement.

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2021
The Company and Summary of Significant Accounting Policies [Line Items]
Basis of Presentation and Consolidation	Basis of Presentation The balance sheet is presented in accordance with accounting principles generally accepted in the United States of America. Principles of Consolidation The consolidated financial statement includes the accounts of SpinCo and its wholly-owned subsidiary, Stream Merger Sub, Inc., a Delaware corporation. All inter-company transactions and balances have been eliminated in consolidation.
Vimeo Inc.
The Company and Summary of Significant Accounting Policies [Line Items]
Nature of Operations	Nature of Operations Vimeo is the world’s leading all-in-one video software solution, providing the full breadth of video tools through a software-as-a-service model. Vimeo’s comprehensive and cloud-based tools empower its users to create, collaborate and communicate with video on a single, turnkey platform.
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The historical consolidated financial statements of Vimeo and subsidiaries have been prepared on a standalone basis and are derived from the historical accounting records of Vimeo and IAC. The consolidated financial statements reflect the historical financial position, results of operations and cash flows of Vimeo and its consolidated subsidiaries since their respective dates of acquisition by Vimeo and the allocation to Vimeo of certain IAC corporate expenses relating to Vimeo based on the historical accounting records of IAC. The allocation of certain IAC corporate expenses is reflected in the consolidated balance sheet within "Additional paid-in capital." For the purpose of these consolidated financial statements, income taxes have been computed for Vimeo on an as if standalone, separate tax return basis and payments to and refunds from IAC for Vimeo’s share of IAC’s consolidated state tax return liabilities have been reflected within cash flows from operating activities in the accompanying consolidated statement of cash flows. As used herein, "Vimeo," "we," "our" or "us" and similar terms in these historical consolidated financial statements refer to Vimeo, Inc. and its subsidiaries (unless the context requires otherwise). Vimeo prepares its consolidated financial statements in accordance with U.S. generally accepted accounting principles ("GAAP"). All intercompany transactions and balances between and among Vimeo and its subsidiaries have been eliminated. All intercompany transactions between (i) Vimeo and (ii) IAC and its subsidiaries (other than subsidiaries of Vimeo), other than borrowings from and principal payments to certain IAC subsidiaries, which were not Vimeo subsidiaries, related to amounts evidenced by notes, are reflected in the consolidated statement of cash flows as "Due to IAC/InterActiveCorp" as an operating activity and in the consolidated balance sheet within "Accrued expenses and other current liabilities." Borrowings from and principal payments to certain IAC subsidiaries, in each case other than Vimeo subsidiaries, related to amounts evidenced by notes are reflected in the consolidated statement of cash flows as financing activities and in the consolidated balance sheet as "Promissory notes due on demand — related party" and "Long-term debt — related party." In management’s opinion, the assumptions underlying the historical consolidated financial statements of Vimeo, including the basis on which the expenses have been allocated from IAC, are reasonable. However, these allocations may not reflect the expenses that Vimeo would have incurred as an independent, stand-alone company for the periods presented. The accompanying unaudited consolidated financial statements have been prepared in accordance with GAAP for interim financial information and with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and notes required by GAAP for complete annual financial statements. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for the full year. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the annual audited consolidated financial statements of Vimeo for the year ended December 31, 2020 and notes thereto included in the joint proxy statement/consent solicitation statement/prospectus of IAC and SpinCo filed with the Securities and Exchange Commission on April 8, 2021.
Accounting Estimates	Accounting Estimates Management of Vimeo is required to make certain estimates, judgments and assumptions during the preparation of its consolidated financial statements in accordance with GAAP. These estimates, judgments and assumptions impact the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of assets and liabilities. Actual results could differ from these estimates. On an ongoing basis, Vimeo evaluates its estimates, judgments and assumptions, including those related to: the fair values of cash equivalents; the carrying value of accounts receivable, including the determination of the allowance for credit losses; the determination of customer relationship period for certain costs to obtain a contract with a customer; the carrying value of right-of-use assets ("ROU assets"); the useful lives and recoverability of leasehold improvements and equipment and intangible assets with definite lives; the recoverability of goodwill; contingencies; unrecognized tax benefits; the valuation allowance for deferred income tax assets; and the fair value of and forfeiture rates for stock-based awards, among others. Vimeo bases its estimates, judgments and assumptions on historical experience, its forecasts and budgets and other factors that Vimeo considers relevant.
General Revenue Recognition	General Revenue Recognition Revenue is recognized when control of the promised services or goods is transferred to Vimeo's customers and in the amount that reflects the consideration Vimeo expects to be entitled to in exchange for those services or goods. Deferred Revenue Deferred revenue consists of payments that are received or are contractually due in advance of Vimeo's performance. Vimeo’s deferred revenue is reported on a contract-by-contract basis at the end of each reporting period. Vimeo classifies deferred revenue as current when the remaining term of the applicable subscription period or expected completion of Vimeo's performance obligation is one year or less. The current and non-current deferred revenue balances at December 31, 2020 are $137.4 million and $0.8 million, respectively. During the three months ended March 31, 2021, Vimeo recognized $65.6 million of revenue that was included in the deferred revenue balance as of December 31, 2020. During the three months ended March 31, 2020, Vimeo recognized $38.9 million of revenue that was included in the deferred revenue balance as of December 31, 2019. The current and non-current deferred revenue balances at March 31, 2021 are $147.8 million and $0.9 million, respectively. Non-current deferred revenue is included in "Other long-term liabilities" in the accompanying consolidated balance sheet. Practical Expedients and Exemptions As permitted under the practical expedient available under ASU No. 2014-09, Revenue from Contracts with Customers, Vimeo does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts with variable consideration that is allocated entirely to unsatisfied performance obligations or to a wholly unsatisfied promise accounted for under the series guidance, and (iii) contracts for which Vimeo recognizes revenue at the amount which Vimeo has the right to invoice for services performed. Assets Recognized from the Costs to Obtain a Contract with a Customer Vimeo has determined that certain costs, primarily commissions, paid to employees pursuant to certain sales incentive programs and mobile app store fees meet the requirements to be capitalized as a cost of obtaining a contract. Commissions paid to employees pursuant to certain sales incentive programs are amortized over the estimated customer relationship period. Vimeo calculates the estimated customer relationship period as the average customer life, which is based on historical data. When customer renewals are expected and the renewal commission is not commensurate with the initial commission, the average customer life includes renewal periods. For sales incentive programs where the customer relationship period is one year or less, Vimeo has elected the practical expedient to expense the costs as incurred. Vimeo generally capitalizes and amortizes mobile app store fees over the term of the applicable subscription. The current and non-current capitalized costs to obtain a contract with a customer are included in "Other current assets" and "Other non-current assets" in the accompanying consolidated balance sheet and are $3.0 million and $5.2 million, and $2.7 million and $4.9 million, at March 31, 2021 and December 31, 2020, respectively.
Recent Accounting Pronouncements	Recent Accounting Pronouncements There are no recently issued accounting pronouncements that have not yet been adopted that are expected to have a material effect on the consolidated results of operations, financial condition or cash flows of Vimeo.

- Definition

Disclosure of accounting policy for revenue from contract with customer.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130561-203045

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130566-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130563-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130566-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130563-203045

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18823-107790

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130566-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130564-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130566-203045

+ Details

FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2021

Vimeo Inc.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present Vimeo's financial instruments that are measured at fair value on a recurring basis:


	March 31, 2021
	Quoted Market Prices for Identical Assets in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Money market funds	$	305,230	$	—	$	—	$	305,230
Time deposits	—		138		—		138
Total	$	305,230	$	138	$	—	$	305,368


	December 31, 2020
	Quoted Market Prices for Identical Assets in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Money market funds	$	104,852	$	—	$	—	$	104,852
Time deposits	—		544		—		544
Total	$	104,852	$	544	$	—	$	105,396

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

3 Months Ended

Mar. 31, 2021

Vimeo Inc.

Accumulated Other Comprehensive Income (Loss) [Line Items]

Schedule of Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss consists of foreign currency translation adjustments:


	Three Months Ended March 31,
	2021		2020

Balance as of January 1	$	(87)	$	(232)
Other comprehensive loss	(22)		(120)
Balance as of March 31	$	(109)	$	(352)

EARNINGS (LOSS) PER SHARE (Tables)

3 Months Ended

Mar. 31, 2021

Vimeo Inc.

Earnings (Loss) Per Share [Line Items]

Schedule of Computation of Basic and Diluted Earnings per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders:


	Three Months Ended March 31,
	2021				2020
	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net earnings (loss) attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders	$	3,313	$	3,313	$	(20,260)	$	(20,260)

Denominator:
Weighted average basic shares outstanding	156,480		156,480		141,063		141,063
Dilutive securities(a)(b)(c)	—		9,408		—		—
Denominator for earnings (loss) per share—weighted average shares(a)(b)(c)	156,480		165,888		141,063		141,063

Earnings (loss) per share attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders:
Earnings (loss) per share	$	0.02	$	0.02	$	(0.14)	$	(0.14)

_____________________

CONSOLIDATED FINANCIAL STATEMENT DETAILS (Tables) - Vimeo Inc.

3 Months Ended

Mar. 31, 2021

Consolidated Financial Statement Details [Line Items]

Schedule of Cash and Cash Equivalents


	March 31, 2021		December 31, 2020		March 31, 2020		December 31, 2019
	(In thousands)
Cash and cash equivalents	$	316,305	$	110,011	$	3,245	$	1,939
Restricted cash included in other current assets	223		26		22		24
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$	316,528	$	110,037	$	3,267	$	1,963

Schedule of Restricted Cash


	March 31, 2021		December 31, 2020		March 31, 2020		December 31, 2019
	(In thousands)
Cash and cash equivalents	$	316,305	$	110,011	$	3,245	$	1,939
Restricted cash included in other current assets	223		26		22		24
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$	316,528	$	110,037	$	3,267	$	1,963

Schedule of Changes in Allowance for Credit Losses

The following table presents the changes in the allowance for credit losses for the three months ended March 31, 2021 and 2020, respectively:


	2021		2020
	(In thousands)
Balance at January 1	$	476	$	273
Current period provision for credit losses	82		824
Write-offs charged against the allowance	(58)		(251)

Balance at March 31	$	500	$	846

Schedule of Accumulated Depreciation and Amortization

The following table provides the accumulated amortization and depreciation within the consolidated balance sheet:


Asset Category	March 31, 2021		December 31, 2020
	(In thousands)
Right-of-use assets included in other non-current assets	$	4,899	$	4,727
Leasehold improvements and equipment	$	822	$	712
Intangible assets with definite lives	$	35,733	$	33,846

Schedule of Other Income (Expense), Net

Other income (expense), net


	Three Months Ended March 31,
		2021		2020
		(In thousands)
Other income (expense), net		$	10,086	$	(59)

Schedule of Revenue and Long-lived Assets by Geographic Area

Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below:


	Three Months Ended March 31,
		2021		2020
		(In thousands)
Revenue:
United States		$	48,141	$	29,612
All other countries		41,281		27,356
Total		$	89,422	$	56,968

The United States is the only country whose revenue is greater than 10 percent of total revenue of Vimeo for the three months ended March 31, 2021 and 2020.


	March 31, 2021		December 31, 2020
	(In thousands)
Long-lived assets (excluding goodwill, intangible assets with definite lives and ROU assets):
United States	$	2,465	$	2,549
All other countries	855		772
Total	$	3,320	$	3,321

RELATED PARTY TRANSACTIONS (Tables) - Vimeo Inc.

3 Months Ended

Mar. 31, 2021

Schedule of Debt, Related Parties

Debt—related party consists of:


	March 31, 2021		December 31, 2020
	(In thousands)
Promissory note due on demand—related party	$	—	$	44,565
Promissory note due May 2, 2023—related party	—		50,000
Total debt—related party	$	—	$	94,565

Fair Value of Financial Instruments, Related Parties

The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes:


	March 31, 2021				December 31, 2020
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(In thousands)
Promissory note due on demand—related party	$	—	$	—	$	44,565	$	44,565
Long-term debt—related party	$	—	$	—	$	50,000	$	54,545

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	May 25, 2021	Dec. 31, 2020
The Company and Summary of Significant Accounting Policies [Line Items]
Deferred revenue	$ 147,766			$ 137,436
Non-current deferred revenue	900			800
Deferred revenue recognized during period	65,600	$ 38,900
Current capitalized sales commissions	3,000			2,700
Non-current capitalized sales commissions	$ 5,200			$ 4,900
Vimeo Holdings \| Forecast
The Company and Summary of Significant Accounting Policies [Line Items]
Ownership percentage			88.00%

INCOME TAXES (Details) - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Income Taxes [Line Items]
Income tax provision (benefit)	$ 385	$ 555
Unrecognized tax benefits	2,000		$ 1,900
Decrease in unrecognized tax benefits is reasonably possible	$ 400

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

FAIR VALUE MEASUREMENTS (Details) - Vimeo Inc. - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Assets:
Cash equivalents	$ 305,368	$ 105,396
Quoted Market Prices for Identical Assets in Active Markets (Level 1)
Assets:
Cash equivalents	305,230	104,852
Significant Other Observable Inputs (Level 2)
Assets:
Cash equivalents	138	544
Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	0	0
Money market funds
Assets:
Cash equivalents	305,230	104,852
Money market funds \| Quoted Market Prices for Identical Assets in Active Markets (Level 1)
Assets:
Cash equivalents	305,230	104,852
Money market funds \| Significant Other Observable Inputs (Level 2)
Assets:
Cash equivalents	0	0
Money market funds \| Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	0	0
Time deposits
Assets:
Cash equivalents	138	544
Time deposits \| Quoted Market Prices for Identical Assets in Active Markets (Level 1)
Assets:
Cash equivalents	0	0
Time deposits \| Significant Other Observable Inputs (Level 2)
Assets:
Cash equivalents	138	544
Time deposits \| Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$ 0	$ 0

REVOLVING CREDIT FACILITY (Details) - Revolving Credit Facility - Vimeo Credit Facility - Vimeo Inc. - USD ($)	3 Months Ended
	Mar. 31, 2021	Feb. 12, 2021
Revolving Credit Facility [Line Items]
Maximum borrowing capacity		$ 100,000,000
Annual commitment fee (in basis points)	0.20%
Covenant term, minimum liquidity requirement	$ 50,000,000.0
Covenant term, leverage ratio (no more than)	5.5
Covenant term, leverage ratio limiting ability to pay dividends, make distributions, or repurchase stock (no more than)	4.0
Borrowings outstanding under the credit facility	$ 0

SHAREHOLDERS' EQUITY (Details) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended
	Jan. 31, 2021 USD ($) $ / shares shares	Mar. 31, 2021 vote shares	Apr. 16, 2020 shares	Apr. 15, 2020 shares
Vimeo Inc.
Shareholders' Equity [Line Items]
Common stock authorized (in shares)			150,000,000	75,000,000
Sale of Equity Capital \| Vimeo Inc.
Shareholders' Equity [Line Items]
Proceeds raised from sale of equity capital \| $	$ 300
Common Stock
Shareholders' Equity [Line Items]
Votes per each share of stock \| vote		1
Common stock authorized (in shares)		1,600,000,000
Common Stock \| Vimeo Inc.
Shareholders' Equity [Line Items]
Votes per each share of stock \| vote		1
Common stock authorized (in shares)		150,000,000
Common Stock \| Sale of Equity Capital, First Raise \| Vimeo Inc.
Shareholders' Equity [Line Items]
Proceeds raised from sale of equity capital \| $	$ 200
Number of shares issued in sale of equity capital (in shares)	6,200,000
Price per share of stock issued in sale of equity capital (in dollars per share) \| $ / shares	$ 32.41
Enterprise valuation of Vimeo \| $	$ 5,200
Common Stock \| Sale of Equity Capital, Second Raise \| Vimeo Inc.
Shareholders' Equity [Line Items]
Proceeds raised from sale of equity capital \| $	$ 100
Number of shares issued in sale of equity capital (in shares)	2,800,000
Price per share of stock issued in sale of equity capital (in dollars per share) \| $ / shares	$ 35.35
Enterprise valuation of Vimeo \| $	$ 5,700
Class B common stock
Shareholders' Equity [Line Items]
Votes per each share of stock \| vote		10
Common stock authorized (in shares)		400,000,000
Class B common stock \| Vimeo Inc.
Shareholders' Equity [Line Items]
Common stock authorized (in shares)		150,000,000
IAC \| Vimeo Inc.
Shareholders' Equity [Line Items]
Ownership percentage		88.00%
IAC \| Common Stock \| Vimeo Inc.
Shareholders' Equity [Line Items]
Ownership percentage		81.00%
IAC \| Class B common stock \| Vimeo Inc.
Shareholders' Equity [Line Items]
Ownership percentage		97.60%

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Accumulated Other Comprehensive Loss
Balance at beginning of period	$ 0
Balance at end of period	10.00
Vimeo Inc.
Accumulated Other Comprehensive Loss
Balance at beginning of period	85,080,000	$ 23,633,000
Balance at end of period	389,134,000	5,836,000
Income tax provision (benefit)	385,000	555,000
Foreign Currency Translation Adjustments \| Vimeo Inc.
Accumulated Other Comprehensive Loss
Other comprehensive loss	(22,000)	(120,000)
Accumulated Other Comprehensive Loss \| Vimeo Inc.
Accumulated Other Comprehensive Loss
Balance at beginning of period	(87,000)	(232,000)
Balance at end of period	(109,000)	(352,000)
Income tax provision (benefit)	$ 0	$ 0

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References + Details

EARNINGS (LOSS) PER SHARE (Details) - Vimeo Inc. - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Numerator, Basic
Net earnings (loss) attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders	$ 3,313	$ (20,260)
Numerator, Diluted
Net earnings (loss) attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders	$ 3,313	$ (20,260)
Denominator, Basic
Weighted average basic shares outstanding (shares)	156,480,000	141,063,000
Denominator, Diluted
Weighted average basic shares outstanding (shares)	156,480,000	141,063,000
Dilutive Securities (shares)	9,408,000	0
Denominator for earnings (loss) per share—weighted average shares (shares)	165,888,000	141,063,000
Earnings (loss) per share attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders:
Basic earnings (loss) per share (USD per share)	$ 0.02	$ (0.14)
Diluted earnings (loss) per share (USD per share)	$ 0.02	$ (0.14)
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)		15,900,000
Stock Appreciation Rights and Restricted Stock Units
Earnings (loss) per share attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders:
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)	0
Performance-Based Stock Appreciation Rights
Earnings (loss) per share attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders:
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)	2,300,000

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Schedule of Cash and Restricted Cash (Details) - Vimeo Inc. - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 316,305	$ 110,011	$ 3,245	$ 1,939
Restricted cash included in other current assets	223	26	22	24
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$ 316,528	$ 110,037	$ 3,267	$ 1,963

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Allowance for Credit Loss (Details) - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at January 1	$ 476	$ 273
Current period provision for credit losses	82	824
Write-offs charged against the allowance	(58)	(251)
Balance at March 31	$ 500	$ 846

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Accumulated Amortization and Depreciation (Details) - Vimeo Inc. - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Right-of-use assets included in other non-current assets	$ 4,899	$ 4,727
Leasehold improvements and equipment	822	712
Intangible assets with definite lives	$ 35,733	$ 33,846

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Other Income (Expense), Net (Details) - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Condensed Income Statements, Captions [Line Items]
Other income (expense), net	$ 10,086	$ (59)
Foreign currency transaction gain (loss)		$ (100)
Disposal Group, Held-for-sale, Not Discontinued Operations \| Hardware Business
Condensed Income Statements, Captions [Line Items]
Gain on the sale of an asset	$ 10,200

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Revenue and Long-Lived Assets (Details) - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 89,422	$ 56,968
Leasehold improvements and equipment, net	3,320		$ 3,321
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	48,141	$ 29,612
Leasehold improvements and equipment, net	$ 2,465		2,549
United States \| Revenue Benchmark \| Geographic Concentration Risk
Revenues from External Customers and Long-Lived Assets [Line Items]
Concentration risk, percent (greater than)	10.00%	10.00%
All other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 41,281	$ 27,356
Leasehold improvements and equipment, net	$ 855		$ 772

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

RELATED PARTY TRANSACTIONS - Debt (Details) - IAC - Vimeo Inc. - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Promissory notes	$ 0	$ 94,565
Promissory note due on demand—related party
Related Party Transaction [Line Items]
Promissory notes	0	44,565
Promissory note due May 2, 2023—related party
Related Party Transaction [Line Items]
Promissory notes	$ 0	$ 50,000

RELATED PARTY TRANSACTIONS - Carrying Value and Fair Value of Financial Instruments (Details) - IAC - Vimeo Inc. - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Carrying Value
Related Party Transaction [Line Items]
Promissory note due on demand—related party	$ 0	$ 44,565
Long-term debt—related party	0	50,000
Fair Value
Related Party Transaction [Line Items]
Promissory note due on demand—related party	0	44,565
Long-term debt—related party	$ 0	$ 54,545

RELATED PARTY TRANSACTIONS - Narrative (Details) - Vimeo Inc. - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Jan. 31, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Compensation expense		$ 4,912	$ 2,016
Repayment of outstanding related party debt		94,565	0
IAC
Related Party Transaction [Line Items]
Compensation expense		1,000	800
Due to related party		$ 3,000
Repayment of outstanding related party debt	$ 99,500
Payment of accrued interest	$ 4,900
Accrued interest payable, related parties				$ 4,200
IAC \| Promissory note due on demand—related party
Related Party Transaction [Line Items]
Interest rate, stated percentage		10.00%
IAC \| Promissory note due May 2, 2023—related party
Related Party Transaction [Line Items]
Interest rate, stated percentage		10.00%
IAC \| IAC Health and Welfare Benefit Plans
Related Party Transaction [Line Items]
Expenses incurred with related party		$ 2,700	2,700
IAC \| IAC Headquarters Occupancy
Related Party Transaction [Line Items]
Expenses incurred with related party		$ 900	$ 1,100