0001104659-21-072526 | S-1 | XBRL Viewer

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Cover Page	3 Months Ended
Cover Page	Mar. 31, 2021
Document Information [Line Items]
Entity Registrant Name	Vimeo, Inc.
Entity Central Index Key	0001837686
Document Type	S-1
Entity Filer Category	Non-accelerated Filer
Amendment Flag	false
Entity Small Business	false
Entity Emerging Growth	true
Entity Ex Transition Period	true

CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Cash	$ 10.00	$ 0
TOTAL ASSETS	10.00	0
SHAREHOLDERS' EQUITY:
Common stock, value		0.90
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 BALANCE SHEET (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2021	Dec. 31, 2020	Apr. 16, 2020	Apr. 15, 2020	Dec. 31, 2019
Preferred stock, par value (USD per share)	$ 0.01	$ 0.01
Preferred stock authorized (in shares)	100,000,000	100,000,000
Preferred stock issued (shares)	0	0
Preferred stock outstanding (shares)	0	0
Vimeo Inc.
Common stock authorized (in shares)			150,000,000	75,000,000
Preferred stock, par value (USD per share)	$ 0.01	$ 0.01			$ 0.01
Preferred stock authorized (in shares)	50,000,000	50,000,000			50,000,000
Preferred stock issued (shares)	0	0			0
Preferred stock outstanding (shares)	0	0			0
Common Stock
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	1,600,000,000	1,600,000,000
Common stock issued (shares)	90	90
Common stock outstanding (shares)	90	90
Common Stock \| Vimeo Inc.
Common stock, par value (USD per share)	$ 0.01	$ 0.01			$ 0.01
Common stock authorized (in shares)	150,000,000	150,000,000	150,000,000	75,000,000	75,000,000
Common stock issued (shares)	92,789,000	83,656,000			75,000,000
Common stock outstanding (shares)	83,656,000	83,656,000			75,000,000
Class B common stock
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	400,000,000	400,000,000
Common stock issued (shares)	10	10
Common stock outstanding (shares)	10	10
Class B common stock \| Vimeo Inc.
Common stock, par value (USD per share)	$ 0.01	$ 0.01			$ 0.01
Common stock authorized (in shares)	150,000,000	150,000,000	150,000,000	75,000,000	75,000,000
Common stock issued (shares)	66,285,000	66,285,000			66,021,000
Common stock outstanding (shares)	66,285,000	66,285,000			66,021,000

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		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Net earnings (loss) attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders	$ 3,313	$ (20,260)	$ (50,628)	$ (75,577)
Other comprehensive loss:
Change in foreign currency translation	(22)	(120)	145	(78)
Total other comprehensive loss	(22)	(120)	145	(78)
Comprehensive income (loss) attributable to Class A Voting common stock and Class B Non-Voting common stock	$ 3,291	$ (20,380)	$ (50,483)	$ (75,655)

- 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, 2018		$ (75,858,000)	$ 635,000	$ 528,000	$ 48,855,000	$ (125,722,000)	$ (154,000)
Balance at beginning of period (shares) at Dec. 31, 2018			63,488	52,816
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders		(75,577,000)				(75,577,000)
Other comprehensive loss		(78,000)					(78,000)
Stock-based compensation expense		$ 5,291,000			5,291,000
Issuance of common stock to IAC/InterActiveCorp as reimbursement for settlement of Vimeo, Inc. stock appreciation rights (shares)		50	50
Other		$ 1,381,000			1,381,000
Balance at end of period at Dec. 31, 2019		23,633,000	$ 750,000	$ 660,000	223,754,000	(201,299,000)	(232,000)
Balance at end 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, 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		(50,628,000)				(50,628,000)
Other comprehensive loss		145,000					145,000
Stock-based compensation expense		11,665,000			11,665,000
Issuance of common stock to IAC/InterActiveCorp as reimbursement for settlement of Vimeo, Inc. stock appreciation rights		(20,959,000)		$ 3,000	(20,962,000)
Issuance of common stock to IAC/InterActiveCorp as reimbursement for settlement of Vimeo, Inc. stock appreciation rights (shares)				264
Issuance of common stock, net of fees		149,600,000	$ 87,000		149,513,000
Issuance of common stock, net of fees (in shares)			8,656
Other		2,706,000			2,706,000
Balance at end of period at Dec. 31, 2020	$ 0	85,080,000	$ 837,000	$ 663,000	366,676,000	(283,009,000)	(87,000)
Balance at end 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 SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Common Stock
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common Stock \| Vimeo Inc.
Common stock, par value (USD per share)	0.01	0.01	$ 0.01
Class B common stock
Common stock, par value (USD per share)	0.01	0.01
Class B common stock \| Vimeo Inc.
Common stock, par value (USD per share)	$ 0.01	$ 0.01	$ 0.01

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

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

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

Vimeo Inc.

Income Taxes [Line Items]

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.

NOTE 3 — 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.

U.S. and foreign (loss) earnings before income taxes are as follows:


	Years Ended
	December 31,
	2019		2020

	(In thousands)
U.S.	$	(76,052)	$	(52,007)
Foreign		820		2,207
Total	$	(75,232)	$	(49,800)

The components of the income tax provision are as follows:


	December 31,
	2019		2020
	(In thousands)
Current income tax provision:
Federal	$	—	$	—
State		39		64
Foreign		242		561
Current income tax provision		281		625
Deferred income tax provision:
Federal		—		270
State		—		—
Foreign		64		(67)
Deferred income tax provision		64		203
Income tax provision	$	345	$	828

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. The income tax provisions relate to international and state taxes for jurisdictions in which Vimeo conducts business.

The tax effects of cumulative temporary differences that give rise to significant deferred tax assets and deferred tax liabilities are presented below. The valuation allowance relates to deferred tax assets for which it is more likely than not that the tax benefit will not be realized.


	December 31,
	2019		2020

	(In thousands)
Deferred tax assets:
Net operating loss carryforwards .	$	19,411	$	31,721
Tax credit carryforwards		5,464		6,903
Intangible assets with definite lives		3,435		3,992
Disallowed interest carryforwards		2,005		3,705
Stock-based compensation		2,556		3,013
Leasehold improvements and equipment		65		—
Other		4,719		5,477
Total deferred tax assets		37,655		54,811
Less: valuation allowance		(35,745)		(51,689)
Net deferred tax assets		1,910		3,122
Deferred tax liabilities:
Prepaid expenses		(1,316)		(2,345)
Leasehold improvements and equipment		—		(415)
Right-of-use assets		(594)		(343)
Withholding taxes		(47)		(270)
Total deferred tax liabilities		(1,957)		(3,373)
Net deferred tax liability	$	(47)	$	(251)

Upon the Spin-off, Vimeo will be allocated a portion of tax attributes related to the IAC consolidated federal and state tax filings pursuant to the Internal Revenue Code (“IRC”) and applicable state law. This allocation will require that Vimeo’s net deferred tax position (computed on an as if standalone, separate return basis) be adjusted as of the Spin-off date with a corresponding adjustment to the valuation allowance. The final allocation of tax attributes will be impacted by multiple factors, including, but not limited to, the ultimate date of the Spin-off and the amount of taxable income or loss generated by the IAC consolidated tax group in the year of the Spin-off.

At December 31, 2020, Vimeo has federal and state NOLs of $130.9 million and $70.1 million, respectively. These NOLs have been computed on an as if standalone, separate tax return basis and will be adjusted upon the Spin-off pursuant to applicable law. If not utilized, $27.0 million of federal NOLs will expire at various times between 2033 and 2037, and $103.9 million can be carried forward indefinitely. The state NOLs, if not utilized, will expire at various times between 2033 and 2040. Federal and state NOLs of $117.3 million and $57.2 million, respectively, can be used against future taxable income without restriction and the remaining NOLs will be subject to limitations under Section 382 of the IRC, separate return limitations, and applicable law. At December 31, 2020, Vimeo has foreign NOLs of $0.2 million available to offset future income, all of which can be carried forward indefinitely and without restriction.

At December 31, 2020, Vimeo has tax credit carryforwards of $8.8 million. Of this amount, $6.8 million relates to credits for research activities and $2.0 million relates to credits for foreign taxes. These credit carryforwards will expire between 2026 and 2040.

Vimeo regularly assesses the realizability of deferred tax assets considering all available evidence including, to the extent applicable, the nature, frequency and severity of prior cumulative losses, forecasts of future taxable income, tax filing status, the duration of statutory carryforward periods, available tax planning and historical experience. During 2020, Vimeo’s valuation allowance increased by $15.9 million, primarily due to an increase in federal and state NOLs. At December 31, 2020, Vimeo has a valuation allowance of $51.7 million related to the portion of tax loss carryforwards and other items for which it is more likely than not that the tax benefit will not be realized.

A reconciliation of the income tax provision to the amounts computed by applying the statutory federal income tax rate to earnings before income taxes is shown as follows:


	Years Ended
	December 31,
	2019		2020
	(In thousands)
Income tax benefit at the federal statutory rate of 21%	$	(15,799)	$	(10,458)
State income taxes, net of effect of federal tax benefit		(1,809)		(963)
Change in valuation allowance		18,269		15,944
Stock-based compensation		334		(3,474)
Research credit		(1,049)		(1,439)
Transaction costs		2		640
Other, net		397		578
Income tax provision	$	345	$	828

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:


	Years Ended
	December 31,
	2019		2020

	(In thousands)
Balance at January 1	$	1,026	$	1,475
Additions based on tax positions related to the prior year		—		538
Settlements		—		(645)
Additions based on tax positions related to the current year		449		553
Balance at December 31	$	1,475	$	1,921

Vimeo recognizes interest and penalties related to unrecognized tax benefits, if applicable, in the income tax provision.

At December 31, 2019 and 2020, unrecognized tax benefits were $1.5 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 December 31, 2019 and 2020 were subsequently recognized, there would be no impact to income tax expense due to the valuation allowance on deferred tax assets. Vimeo believes that it is reasonably possible that its unrecognized tax benefits could decrease by $0.4 million by December 31, 2021, due 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 2016. The IRS began its audit of the year ended December 31, 2017 in the second quarter of 2020. 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 December 31, 2021, 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

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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.

NOTE 6 — FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

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


	December 31, 2019
	Quoted Market Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Time deposits	$	—	$	35	$	—	$	35
Total	$	—	$	35	$	—	$	35


	December 31, 2020
	Quoted Market Prices in Active Markets for Identical Assets (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

- 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	12 Months Ended
SHAREHOLDERS' EQUITY	Mar. 31, 2021	Dec. 31, 2020
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.	NOTE 3—SHAREHOLDER EQUITY Description of Common Stock and Class B Convertible Common Stock Except as described herein, shares of Vimeo Holdings common stock and Vimeo Holdings Class B common stock are identical. Each holder of shares of Vimeo Holdings common stock and Vimeo Holdings 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 Vimeo Holdings shareholders generally, including the election of directors. In connection with any such vote, each holder of Vimeo Holdings common stock is entitled to one vote for each share of Vimeo Holdings common stock held and each holder of Vimeo Holdings Class B common stock is entitled to ten votes for each share of Vimeo Holdings Class B common stock held. In addition, Delaware law requires that certain matters be approved by the holders of shares of Vimeo Holdings common stock or holders of Vimeo Holdings Class B common stock voting as a separate class. Shares of Vimeo Holdings Class B common stock are convertible into shares of Vimeo Holdings 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 Vimeo Holdings by means of a stock dividend on, or a stock split or combination of, outstanding shares of Vimeo Holdings common stock or Vimeo Holdings Class B common stock, or in the event of any merger, consolidation or other reorganization of Vimeo Holdings with another corporation. Upon the conversion of shares of Vimeo Holdings Class B common stock into shares of Vimeo Holdings common stock, those shares of Vimeo Holdings Class B common stock will be retired and will not be subject to reissue. Shares of Vimeo Holdings common stock are not convertible into shares of Vimeo Holdings Class B common stock. The holders of shares of Vimeo Holdings common stock and the holders of shares of Vimeo Holdings Class B common stock are entitled to receive such dividends as may be declared by Vimeo Holdings Board of Directors out of funds legally available therefor. In the event of a liquidation, dissolution, distribution of assets or winding-up of Vimeo Holdings, the holders of shares of Vimeo Holdings common stock and the holders of shares of Vimeo Holdings Class B common stock are entitled to receive, share for share, all the assets of Vimeo Holdings available for distribution to its stockholders, after the rights of the holders of any Vimeo Holdings 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.	NOTE 7 — SHAREHOLDERS’ EQUITY Description of Class A Voting Common Stock and Class B Non-Voting Common Stock Vimeo’s Class A Voting common stock and Class B Non-Voting common stock participate in earnings on the same basis. Except as described below, shares of Vimeo’s 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 December 31, 2020, IAC held 89.7% of Vimeo’s Class A Voting common stock and 97.6% of Vimeo’s Class B Non-Voting common stock, or 93.2% 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 On November 10, 2020, Vimeo raised $150.0 million of equity capital via the sale of approximately 8.7 million shares of Class A Voting common stock at a price of $17.33 per share, based on an enterprise value of approximately $2.75 billion. See “Note 16 — Subsequent Events” for a discussion of additional sales of Class A Voting common stock in 2021.

ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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.

NOTE 8 — ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated other comprehensive loss consists of foreign currency translation adjustments:


	Years Ended December 31,
	2019				2020

	Foreign Currency Translation Adjustments		Accumulated Other Comprehensive Loss		Foreign Currency Translation Adjustments		Accumulated Other Comprehensive (Loss) Income

	(In thousands)
Balance at January 1	$	(154)	$	(154)	$	(232)	$	(232)
Other comprehensive (loss) income		(78)		(78)		145		145
Balance at December 31	$	(232)	$	(232)	$	(87)	$	(87)

At December 31, 2019 and 2020, there was no tax benefit or provision on the accumulated other comprehensive loss.

EARNINGS (LOSS) PER SHARE

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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.

NOTE 9 — LOSS PER SHARE

The following table sets forth the computation of basic and diluted loss per share:


	Years Ended December 31,
	2019				2020

	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net loss	$	(75,577)	$	(75,577)	$	(50,628)	$	(50,628)
Denominator:
Weighted average basic shares outstanding		130,994		130,994		142,426		142,426
Dilutive securities(a)		—		—		—		—
Denominator for earnings per share – weighted average shares(a)		130,994		130,994		142,426		142,426
Basic and diluted loss per share:
Basic and diluted loss per share(b)	$	(0.58)	$	(0.58)	$	(0.36)	$	(0.36)

(a)

or each of the years ended December 31, 2019 and 2020, the Company had a loss from operations and as a result, approximately 13.5 million and 14.0 million potentially dilutive securities, respectively, were excluded from computing dilutive 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.

(b)

hares of Vimeo Class A Voting common stock and shares of Class B Non-Voting common stock participate in earnings on the same basis.

CONSOLIDATED FINANCIAL STATEMENT DETAILS

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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

NOTE 15 — CONSOLIDATED FINANCIAL STATEMENT DETAILS

Cash and Cash Equivalents and Restricted Cash


	January 1,		December 31,		December 31,
	2019		2019		2020

	(In thousands)
Cash and cash equivalents	$	985	$	1,939	$	110,011
Restricted cash included in other current assets		23		24		26
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$	1,008	$	1,963	$	110,037

Restricted cash at January 1, 2019, December 31, 2019 and December 31, 2020 primarily consists of a deposit related to corporate credit cards.

Other Current Assets


	December 31,
	2019		2020
	(In thousands)
Prepaid expenses	$	2,884	$	4,027
Capitalized costs to obtain a contract with a customer		1,668		2,726
Other		1,846		1,179
Total other current assets	$	6,398	$	7,932

Leasehold Improvements and Equipment, net


	December 31,
	2019		2020
	(In thousands)
Leasehold improvements	$	3,033	$	3,276
Computer and other equipment		1,213		757
Total leasehold improvements and equipment		4,246		4,033
Accumulated depreciation and amortization		(1,249)		(712)
Leasehold improvements and equipment, net	$	2,997	$	3,321

Accrued Expenses and Other Current Liabilities


	December 31,
	2019		2020
	(In thousands)
Accrued employee compensation and benefits	$	9,090	$	18,881
Accrued hosting fees		10,741		4,953
Other		23,456		23,598
Total accrued expenses and other current liabilities	$	43,287	$	47,432

Other (Expense) Income, net


	Years Ended December 31,
	2019		2020
	(In thousands)
Other (expense) income, net	$	(6,441)	$	93

Other expense, net in 2019 includes a realized loss of $8.2 million related to the sale of the hardware business in 2019 and a $2.0 million realized gain on the sale of an investment.

Other income, net in 2020 includes $0.5 million of income related to funds released from escrow in the fourth quarter of 2020 related to the acquisition of Magisto and a $0.3 million realized gain on the sale of an investment, partially offset by $0.7 million in net foreign exchange losses.

Supplemental Disclosure of Cash Flow Information


	Years Ended December 31,
	2019		2020
	(In thousands)
Cash paid (received) during the year for:
Interest	$	6,529	$	10,653
Income tax payments	$	103	$	957
Income tax refunds	$	—	$	(70)

Geographic Concentrations

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


	Years Ended December 31,
	2019		2020
	(In thousands)
Revenue:
United States	$	100,275	$	139,826
All other countries		95,740		143,392
Total	$	196,015	$	283,218

The United States is the only country whose revenue is greater than 10 percent of total revenue of the Company for the years ended December 31, 2019 and 2020.


	December 31,
	2019		2020
	(In thousands)
Long-lived assets (excluding goodwill, intangible assets with definite lives and ROU assets):
United States	$	2,766	$	2,549
All other countries		231		772
Total	$	2,997	$	3,321

CONTINGENCIES

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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.

NOTE 12 — COMMITMENTS AND CONTINGENCIES

Commitments

Vimeo has entered into certain off-balance sheet commitments that require the future purchase of services (“purchase obligations”). Future payments under non-cancelable unconditional purchase obligations as of December 31, 2020 are as follows:


	Amount of Commitment Expiration Per Period
									Total
	Less Than		1 – 3		3 – 5		More Than		Amounts
	1 Year		Years		Years		5 Years		Committed

	(In thousands)
Purchase obligations	$	14,916	$	498	$	—	$	—	$	15,414

Purchase obligations include remaining payments of $14.4 million related to a two-year cloud computing contract that expires in April 2021.

Contingencies

In 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 3 — Income Taxes” for additional information related to income tax contingencies.

RELATED PARTY TRANSACTIONS

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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.

NOTE 13 — 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 $2.5 million and $6.1 million in 2019 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 this amount, which was previously not allocated to Vimeo, but was 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 in the years ended December 31, 2019 and 2020 were $9.3 million and $10.3 million, respectively. IAC also allocated $3.8 million to Vimeo for the space that Vimeo occupies in IAC’s headquarters building in each of the years ended December 31, 2019 and 2020. The amounts were charged to Vimeo through the “Due to IAC/InterActiveCorp” account described below.

Due to IAC/InterActiveCorp

Prior to the November 10, 2020 equity sale, Vimeo participated in IAC’s centrally managed U.S. treasury function. At December 31, 2019, Vimeo has a current payable due to IAC of $17.6 million. This amount was paid to IAC during 2020. At December 31, 2020, there is no amount due to IAC.

Debt — Related Party

Debt — related party consists of:


	December 31,
	2019		2020

	(In thousands)
Promissory notes due on demand – related party:
Promissory note due on demand – related party	$	35,457	$	—
Promissory note due on demand – related party		24,296		44,565
Total promissory notes due on demand – related party		59,753		44,565
Promissory note due May 2, 2023 – related party		37,706		50,000
Total debt — related party	$	97,459	$	94,565

On May 2, 2016, Vimeo issued a promissory note due May 2, 2023 to IAC for up to an amount not to exceed $50.0 million for general working capital purposes in the ordinary course of business. The promissory note bears interest at 10% per annum.

On December 1, 2016 and September 25, 2017, Vimeo issued promissory notes payable on demand to subsidiaries of IAC that are not subsidiaries of Vimeo. The proceeds were used for general working capital purposes in the ordinary course of business. Each promissory note bears interest at 10% per annum.

Accrued interest on debt — related party at December 31, 2019 and 2020 is $5.7 million and $4.2 million, respectively, 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:


	December 31, 2019				December 31, 2020
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value

	(In thousands)
Promissory notes due on demand – related party	$	59,753	$	59,753	$	44,565	$	44,565
Long-term debt – related party	$	37,706	$	43,487	$	50,000	$	54,545

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

Debt — related party maturities:

Debt maturities as of December 31, 2020 are summarized in the table below:


Years Ending December 31,	(In thousands)
2021	$	44,565
2023		50,000
Total	$	94,565

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 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

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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

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.

Accounting Estimates

On an ongoing basis, Vimeo evaluates its estimates, judgments and assumptions, including those related to: the fair value of cash equivalents; the carrying value of accounts receivable, including the determination of the allowance for credit losses; the determination of the 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.

Revenue Recognition

Vimeo revenue is derived primarily from annual and monthly SaaS subscription fees paid by subscribers for self-serve and enterprise subscription plans. Subscription revenue is recognized over the term of the applicable subscription period, which ranges from one month to three years. The most common subscription is an annual subscription.

Vimeo’s disaggregated revenue disclosures are presented in “Note 15 — Consolidated Financial Statement Details.”

Vimeo accounts for a contract with a customer when it has approval and commitment from all parties, the rights of the parties and payment terms are identified, the contract has commercial substance and collectability of consideration is probable. Revenue is recognized when control of the promised services or goods is transferred to Vimeo’s customers and in an amount that reflects the consideration Vimeo expects to be entitled to in exchange for those services or goods.

Transaction Price

The objective of determining the transaction price is to estimate the amount of consideration Vimeo is due in exchange for its services or goods. Vimeo determines the total transaction price at contract inception and reassesses this estimate each reporting period.

Vimeo excludes from the measurement of transaction price all taxes assessed by governmental authorities that are both (i) imposed on and concurrent with a specific revenue-producing transaction and (ii) collected from customers. Accordingly, these taxes are not included as a component of revenue or cost of revenue.

For contracts that have an original duration of one year or less, Vimeo uses the practical expedient available under ASU No. 2014‑09, Revenue from Contracts with Customers, applicable to such contracts and does not consider the time value of money.

Arrangements with Multiple Performance Obligations

Vimeo’s contracts with customers may include multiple performance obligations. For such arrangements, Vimeo allocates revenue to each performance obligation based on its relative standalone selling price. Vimeo generally determines standalone selling prices based on the prices charged to customers, which are directly observable or based on an estimate if not directly observable.

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 capitalizes and amortizes mobile app store fees over the term of the applicable subscription.

During the years ended December 31, 2019 and 2020, Vimeo recognized expense of $5.0 million and $7.7 million related to the amortization of these costs. The current contract asset balances are $0.5 million, $1.7 million and $2.7 million at January 1, 2019, and December 31, 2019 and 2020, respectively. The non-current contract asset balances are $1.1 million, $2.2 million and $4.9 million at January 1, 2019 and December 31, 2019 and 2020, respectively. The current and non-current contract assets are included in “Other current assets” and “Other non-current assets,” respectively, in the accompanying consolidated balance sheet.

Performance Obligations

As permitted under the practical expedient available under ASU No. 2014‑09, 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 it has the right to invoice for services performed.

Accounts Receivables, Net of Allowance for Credit Losses

Accounts receivable include amounts billed and currently due from customers. Vimeo maintains an allowance for credit losses to provide for the estimated amount of accounts receivable that will not be collected. The allowance for credit losses is based upon a number of factors, including the length of time accounts receivable are past due, Vimeo’s previous loss history and the specific customer’s ability to pay its obligation. The time between Vimeo issuance of an invoice and payment due date is not significant; customer payments that are not collected in advance of the transfer of promised services or goods are generally due no later than 30 days from invoice date.

Credit Losses

The following table presents the changes in the allowance for credit losses for the year ended December 31, 2020:


	Year Ended
	December 31, 2020
	(In thousands)
Balance at January 1	$	273
Current period provision for credit losses		1,834
Write-offs charged against the allowance		(1,645)
Recoveries collected		14
Balance at December 31	$	476

Deferred Revenue

Deferred revenue consists of advance 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 term of the applicable subscription period or expected completion of its performance obligation is one year or less. The current and non-current deferred revenue balances are $66.8 million and $0.6 million, respectively, at January 1, 2019 and $83.9 million and $0.7 million, respectively, at December 31, 2019. During the year ended December 31, 2019, the Company recognized $66.8 million of revenue that was included in the deferred revenue balance as of January 1, 2019. During the year ended December 31, 2020, Vimeo recognized $84.1 million of revenue that was included in the deferred revenue balance as of December 31, 2019. The current and non-current deferred revenue balances are $137.4 million and $0.8 million, respectively, at December 31, 2020. Non-current deferred revenue is included in “Other long-term liabilities” in the accompanying consolidated balance sheet.

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.

Recent Accounting Pronouncements

Accounting Pronouncements Adopted by Vimeo

ASU No. 2016‑13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

Vimeo adopted ASU No. 2016‑13 effective January 1, 2020. ASU No. 2016‑13 replaces the “incurred loss” approach with an “expected loss” model, under which companies will recognize allowances based on expected rather than incurred losses. Vimeo adopted ASU No. 2016‑13 using the modified retrospective approach and there was no cumulative effect adjustment arising from the adoption. The adoption of ASU No. 2016‑13 did not have a material impact on Vimeo’s consolidated financial statements.

ASU No. 2019‑12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes

Vimeo adopted ASU No. 2019‑12 effective January 1, 2020, which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, Income Taxes, and clarifies certain aspects of the current guidance to promote consistency among reporting entities. Most amendments within ASU No. 2019‑12 are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. Vimeo adopted ASU No. 2019‑12 using the modified retrospective basis for those amendments that are not applied on a prospective basis. The adoption of ASU No. 2019‑12 did not have a material impact on Vimeo’s consolidated financial statements.

Accounting Pronouncements Not Yet Adopted by Vimeo

- Definition

Disclosure of accounting policy for revenue from contract with customer.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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-Section 50
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-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
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-Section 50
-Paragraph 20
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-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130566-203045

+ Details

FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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

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


	December 31, 2019
	Quoted Market Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Time deposits	$	—	$	35	$	—	$	35
Total	$	—	$	35	$	—	$	35


	December 31, 2020
	Quoted Market Prices in Active Markets for Identical Assets (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

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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)

Accumulated other comprehensive loss consists of foreign currency translation adjustments:


	Years Ended December 31,
	2019				2020

	Foreign Currency Translation Adjustments		Accumulated Other Comprehensive Loss		Foreign Currency Translation Adjustments		Accumulated Other Comprehensive (Loss) Income

	(In thousands)
Balance at January 1	$	(154)	$	(154)	$	(232)	$	(232)
Other comprehensive (loss) income		(78)		(78)		145		145
Balance at December 31	$	(232)	$	(232)	$	(87)	$	(87)

EARNINGS (LOSS) PER SHARE (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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)

_____________________

The following table sets forth the computation of basic and diluted loss per share:


	Years Ended December 31,
	2019				2020

	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net loss	$	(75,577)	$	(75,577)	$	(50,628)	$	(50,628)
Denominator:
Weighted average basic shares outstanding		130,994		130,994		142,426		142,426
Dilutive securities(a)		—		—		—		—
Denominator for earnings per share – weighted average shares(a)		130,994		130,994		142,426		142,426
Basic and diluted loss per share:
Basic and diluted loss per share(b)	$	(0.58)	$	(0.58)	$	(0.36)	$	(0.36)

(a)

hares of Vimeo Class A Voting common stock and shares of Class B Non-Voting common stock participate in earnings on the same basis.

CONSOLIDATED FINANCIAL STATEMENT DETAILS (Tables) - Vimeo Inc.

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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


	January 1,		December 31,		December 31,
	2019		2019		2020

	(In thousands)
Cash and cash equivalents	$	985	$	1,939	$	110,011
Restricted cash included in other current assets		23		24		26
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$	1,008	$	1,963	$	110,037

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


	January 1,		December 31,		December 31,
	2019		2019		2020

	(In thousands)
Cash and cash equivalents	$	985	$	1,939	$	110,011
Restricted cash included in other current assets		23		24		26
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$	1,008	$	1,963	$	110,037

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

The following table presents the changes in the allowance for credit losses for the year ended December 31, 2020:


	Year Ended
	December 31, 2020
	(In thousands)
Balance at January 1	$	273
Current period provision for credit losses		1,834
Write-offs charged against the allowance		(1,645)
Recoveries collected		14
Balance at December 31	$	476

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)


	Years Ended December 31,
	2019		2020
	(In thousands)
Other (expense) income, net	$	(6,441)	$	93

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

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


	Years Ended December 31,
	2019		2020
	(In thousands)
Revenue:
United States	$	100,275	$	139,826
All other countries		95,740		143,392
Total	$	196,015	$	283,218

The United States is the only country whose revenue is greater than 10 percent of total revenue of the Company for the years ended December 31, 2019 and 2020.


	December 31,
	2019		2020
	(In thousands)
Long-lived assets (excluding goodwill, intangible assets with definite lives and ROU assets):
United States	$	2,766	$	2,549
All other countries		231		772
Total	$	2,997	$	3,321

RELATED PARTY TRANSACTIONS (Tables) - Vimeo Inc.

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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

Debt — related party consists of:


	December 31,
	2019		2020

	(In thousands)
Promissory notes due on demand – related party:
Promissory note due on demand – related party	$	35,457	$	—
Promissory note due on demand – related party		24,296		44,565
Total promissory notes due on demand – related party		59,753		44,565
Promissory note due May 2, 2023 – related party		37,706		50,000
Total debt — related party	$	97,459	$	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 following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes:


	December 31, 2019				December 31, 2020
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value

	(In thousands)
Promissory notes due on demand – related party	$	59,753	$	59,753	$	44,565	$	44,565
Long-term debt – related party	$	37,706	$	43,487	$	50,000	$	54,545

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	May 25, 2021	Jan. 01, 2019
The Company and Summary of Significant Accounting Policies [Line Items]
Deferred revenue	$ 147,766		$ 137,436	$ 83,944		$ 66,800
Non-current deferred revenue	900		800	700		$ 600
Deferred revenue recognized during period	65,600	$ 38,900	84,100	66,800
Current capitalized sales commissions	3,000		2,726	$ 1,668
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		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Taxes [Line Items]
Income tax provision (benefit)	$ 385	$ 555	$ 828	$ 345
Unrecognized tax benefits	2,000		$ 1,921	$ 1,475	$ 1,026
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	Dec. 31, 2019
Assets:
Cash equivalents	$ 305,368	$ 105,396	$ 35
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	35
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	35
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	$ 35
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	12 Months Ended
	Nov. 10, 2020 USD ($) $ / shares shares	Jan. 31, 2021 USD ($) $ / shares shares	Mar. 31, 2021 vote shares	Dec. 31, 2020 Vote shares	Apr. 16, 2020 shares	Apr. 15, 2020 shares	Dec. 31, 2019 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 \| $	$ 150,000	$ 300
Number of shares issued in sale of equity capital (in shares)	8,700,000
Price per share of stock issued in sale of equity capital (in dollars per share) \| $ / shares	$ 17.33
Enterprise valuation of Vimeo \| $	$ 2,750
Common Stock
Shareholders' Equity [Line Items]
Votes per each share of stock			1	1
Common stock authorized (in shares)			1,600,000,000	1,600,000,000
Common Stock \| Vimeo Inc.
Shareholders' Equity [Line Items]
Votes per each share of stock			1	1
Common stock authorized (in shares)			150,000,000	150,000,000	150,000,000	75,000,000	75,000,000
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			10	10
Common stock authorized (in shares)			400,000,000	400,000,000
Class B common stock \| Vimeo Inc.
Shareholders' Equity [Line Items]
Common stock authorized (in shares)			150,000,000	150,000,000	150,000,000	75,000,000	75,000,000
IAC \| Vimeo Inc.
Shareholders' Equity [Line Items]
Ownership percentage			88.00%	93.20%
IAC \| Common Stock \| Vimeo Inc.
Shareholders' Equity [Line Items]
Ownership percentage			81.00%	89.70%
IAC \| Class B common stock \| Vimeo Inc.
Shareholders' Equity [Line Items]
Ownership percentage			97.60%	97.60%

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Loss
Balance at beginning of period	$ 0
Balance at end of period	10.00		$ 0
Vimeo Inc.
Accumulated Other Comprehensive Loss
Balance at beginning of period	85,080,000	$ 23,633,000	23,633,000	$ (75,858,000)
Balance at end of period	389,134,000	5,836,000	85,080,000	23,633,000
Income tax provision (benefit)	385,000	555,000	828,000	345,000
Foreign Currency Translation Adjustments \| Vimeo Inc.
Accumulated Other Comprehensive Loss
Balance at beginning of period	(87,000)	(232,000)	(232,000)	(154,000)
Other comprehensive loss	(22,000)	(120,000)	145,000	(78,000)
Balance at end of period			(87,000)	(232,000)
Accumulated Other Comprehensive Loss \| Vimeo Inc.
Accumulated Other Comprehensive Loss
Balance at beginning of period	(87,000)	(232,000)	(232,000)	(154,000)
Other comprehensive loss			145,000	(78,000)
Balance at end of period	(109,000)	(352,000)	$ (87,000)	$ (232,000)
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		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Numerator, Basic
Net earnings (loss) attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders	$ 3,313	$ (20,260)	$ (50,628)	$ (75,577)
Numerator, Diluted
Net earnings (loss) attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders	$ 3,313	$ (20,260)	$ (50,628)	$ (75,577)
Denominator, Basic
Weighted average basic shares outstanding (shares)	156,480,000	141,063,000	142,426,000	130,994,000
Denominator, Diluted
Weighted average basic shares outstanding (shares)	156,480,000	141,063,000	142,426,000	130,994,000
Dilutive Securities (shares)	9,408,000	0
Denominator for earnings (loss) per share—weighted average shares (shares)	165,888,000	141,063,000	142,426,000	130,994,000
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)	$ (0.36)	$ (0.58)
Diluted earnings (loss) per share (USD per share)	$ 0.02	$ (0.14)	$ (0.36)	$ (0.58)
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)		15,900,000	14,000,000	13,500,000
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	Dec. 31, 2018
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 316,305	$ 110,011	$ 3,245	$ 1,939	$ 985
Restricted cash included in other current assets	223	26	22	24	23
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	$ 1,008

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Allowance for Credit Loss (Details) - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at January 1	$ 476	$ 273	$ 273	$ 273
Current period provision for credit losses	82	824	1,834	1,245
Write-offs charged against the allowance	(58)	(251)	(1,645)
Balance at March 31	$ 500	$ 846	$ 476	$ 273

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Accumulated Amortization and Depreciation (Details) - Vimeo Inc. - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
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	$ 1,249
Intangible assets with definite lives	$ 35,733	$ 33,846	$ 19,102

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Other Income (Expense), Net (Details) - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Condensed Income Statements, Captions [Line Items]
Other income (expense), net	$ 10,086	$ (59)	$ 93	$ (6,441)
Gain on the sale of an asset				(8,234)
Foreign currency transaction gain (loss)		$ (100)	$ 700
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			$ (8,200)

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Revenue and Long-Lived Assets (Details) - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 89,422	$ 56,968	$ 283,218	$ 196,015
Leasehold improvements and equipment, net	3,320		3,321	2,997
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	48,141	$ 29,612	139,826	100,275
Leasehold improvements and equipment, net	$ 2,465		$ 2,549	$ 2,766
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%	10.00%	10.00%
All other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 41,281	$ 27,356	$ 143,392	$ 95,740
Leasehold improvements and equipment, net	$ 855		$ 772	$ 231

- 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) - Vimeo Inc. - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Promissory notes		$ 94,565
Promissory note due on demand—related party
Related Party Transaction [Line Items]
Promissory notes		44,565	$ 59,753
Promissory note due May 2, 2023—related party
Related Party Transaction [Line Items]
Promissory notes		50,000	37,706
IAC
Related Party Transaction [Line Items]
Promissory notes	$ 0	94,565	$ 97,459
IAC \| Promissory note due on demand—related party
Related Party Transaction [Line Items]
Promissory notes	0	44,565
IAC \| 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	Dec. 31, 2019
Carrying Value
Related Party Transaction [Line Items]
Promissory note due on demand—related party	$ 0	$ 44,565	$ 59,753
Long-term debt—related party	0	50,000	37,706
Fair Value
Related Party Transaction [Line Items]
Promissory note due on demand—related party	0	44,565	59,753
Long-term debt—related party	$ 0	$ 54,545	$ 43,487

RELATED PARTY TRANSACTIONS - Narrative (Details) - Vimeo Inc. - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Jan. 31, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Compensation expense		$ 4,912	$ 2,016	$ 11,665	$ 5,291
Repayment of outstanding related party debt		94,565	0	35,457
IAC
Related Party Transaction [Line Items]
Compensation expense		1,000	800	6,100	2,500
Due to related party		$ 3,000		17,600
Repayment of outstanding related party debt	$ 99,500
Payment of accrued interest	$ 4,900
Accrued interest payable, related parties				$ 4,200	5,700
IAC \| Promissory note due on demand—related party
Related Party Transaction [Line Items]
Interest rate, stated percentage		10.00%		10.00%
IAC \| Promissory note due May 2, 2023—related party
Related Party Transaction [Line Items]
Interest rate, stated percentage		10.00%		10.00%
IAC \| IAC Health and Welfare Benefit Plans
Related Party Transaction [Line Items]
Expenses incurred with related party		$ 2,700	2,700	$ 10,300	$ 9,300
IAC \| IAC Headquarters Occupancy
Related Party Transaction [Line Items]
Expenses incurred with related party		$ 900	$ 1,100	$ 3,800

CONSOLIDATED BALANCE SHEET - USD ($)	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
ASSETS
TOTAL ASSETS	$ 10.00	$ 0
SHAREHOLDERS' EQUITY:
Common stock, value		0.90
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	$ 1,939,000
Accounts receivable, net	14,121,000	12,785,000	9,898,000
Other current assets	11,335,000	7,932,000	6,398,000
Total current assets	341,761,000	130,728,000	18,235,000
Leasehold improvements and equipment, net	3,320,000	3,321,000	2,997,000
Goodwill	219,337,000	219,337,000	219,374,000
Intangible assets with definite lives, net	8,967,000	10,854,000	25,598,000
Other non-current assets	11,124,000	6,839,000	5,296,000
TOTAL ASSETS	584,509,000	371,079,000	271,500,000
LIABILITIES:
Accounts payable, trade	2,797,000	3,324,000	1,490,000
Promissory note due on demand—related party	0	44,565,000	59,753,000
Deferred revenue	147,766,000	137,436,000	83,944,000
Due to IAC/InterActiveCorp			17,575,000
Accrued expenses and other current liabilities	40,102,000	47,432,000	43,287,000
Total current liabilities	190,665,000	232,757,000	206,049,000
Long-term debt—related party	0	50,000,000	37,706,000
Other long-term liabilities	4,710,000	3,242,000	4,112,000
SHAREHOLDERS' EQUITY:
Additional paid-in-capital	667,348,000	366,676,000	223,754,000
Accumulated deficit	(279,696,000)	(283,009,000)	(201,299,000)
Accumulated other comprehensive loss	(109,000)	(87,000)	(232,000)
Total shareholders' equity	389,134,000	85,080,000	23,633,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	584,509,000	371,079,000	271,500,000
Common Class A [Member]
SHAREHOLDERS' EQUITY:
Common stock, value	0.90	0.90
Common Class A [Member] \| Vimeo Inc.
SHAREHOLDERS' EQUITY:
Common stock, value	928,000	837,000	750,000
Common Class B [Member]
SHAREHOLDERS' EQUITY:
Common stock, value	0.10	0.10
Common Class B [Member] \| Vimeo Inc.
SHAREHOLDERS' EQUITY:
Common stock, value	$ 663,000	$ 663,000	$ 660,000

CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Preferred stock, par value (USD per share)	$ 0.01
Preferred stock authorized (in shares)	100,000,000
Preferred stock issued (shares)	0
Preferred stock outstanding (shares)	0
Vimeo Inc.
Accounts receivable allowance	$ 476	$ 273
Preferred stock, par value (USD per share)	$ 0.01	$ 0.01
Preferred stock authorized (in shares)	50,000,000	50,000,000
Preferred stock issued (shares)	0	0
Preferred stock outstanding (shares)	0	0
Common Class A [Member]
Common stock, par value (USD per share)	$ 0.01
Common stock authorized (in shares)	1,600,000,000
Common stock issued (shares)	90
Common stock outstanding (shares)	90
Common Class A [Member] \| Vimeo Inc.
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	150,000,000	75,000,000
Common stock issued (shares)	83,656,000	75,000,000
Common stock outstanding (shares)	83,656,000	75,000,000
Common Class B [Member]
Common stock, par value (USD per share)	$ 0.01
Common stock authorized (in shares)	400,000,000
Common stock issued (shares)	10
Common stock outstanding (shares)	10
Common Class B [Member] \| Vimeo Inc.
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	150,000,000	75,000,000
Common stock issued (shares)	66,285,000	66,021,000
Common stock outstanding (shares)	66,285,000	66,021,000

CONSOLIDATED STATEMENT OF OPERATIONS - Vimeo Inc. - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Mar. 31, 2021

Mar. 31, 2020

Dec. 31, 2020

Dec. 31, 2019

Revenue

$ 89,422

$ 56,968

$ 283,218

$ 196,015

Cost of revenue (exclusive of depreciation shown separately below)

24,956

18,358

89,077

77,665

Gross profit

64,466

38,610

194,141

118,350

Operating expenses:

Research and development expense

21,475

15,293

64,238

46,946

Sales and marketing expense

32,069

25,125

105,630

87,337

General and administrative expense

14,518

12,204

49,846

34,189

Depreciation

115

460

478

Amortization of intangibles

1,887

3,123

14,744

9,653

Total operating expenses

70,064

55,803

234,918

178,603

Operating loss

(5,598)

(17,193)

(40,777)

(60,253)

Interest expense-related party

(726)

(2,453)

(9,116)

(8,538)

Other income (expense), net

10,086

(59)

(6,441)

Earnings (loss) before income taxes

3,698

(19,705)

(49,800)

(75,232)

Income tax provision

(385)

(555)

(828)

(345)

Net earnings (loss) attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders

3,313

(20,260)

$ (50,628)

$ (75,577)

Per share information attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders:

Basic and diluted loss per share

^[1]

$ (0.36)

$ (0.58)

Dividends declared per share

$ 0.22

Stock-based compensation expense by function:

Compensation expense

4,912

2,016

$ 11,665

$ 5,291

Cost of revenue

Stock-based compensation expense by function:

Compensation expense

Research and development expense

Stock-based compensation expense by function:

Compensation expense

1,720

460

2,931

1,439

Sales and marketing expense

Stock-based compensation expense by function:

Compensation expense

322

157

603

543

General and administrative expense

Stock-based compensation expense by function:

Compensation expense

$ 2,850

$ 1,395

$ 8,058

$ 3,296

[1]	Shares of Vimeo Class A Voting common stock and shares of Class B Non-Voting common stock participate in earnings on the same basis.

CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Net earnings (loss) attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders	$ 3,313	$ (20,260)	$ (50,628)	$ (75,577)
Other comprehensive loss:
Change in foreign currency translation	(22)	(120)	145	(78)
Total other comprehensive loss	(22)	(120)	145	(78)
Comprehensive income (loss) attributable to Class A Voting common stock and Class B Non-Voting common stock	$ 3,291	$ (20,380)	$ (50,483)	$ (75,655)

- Definition

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

+ References

+ Details

- Definition

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

+ References

+ Details

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands	Vimeo Inc.	Total	Common Stock Vimeo Inc. Common Class A [Member]	Common Stock Vimeo Inc. Common Class B [Member]	Additional Paid-in-Capital Vimeo Inc.	Accumulated Deficit Vimeo Inc.	Accumulated Other Comprehensive Loss Vimeo Inc.
Balance at beginning of period at Dec. 31, 2018	$ (75,858,000)		$ 635,000	$ 528,000	$ 48,855,000	$ (125,722,000)	$ (154,000)
Balance at beginning of period (shares) at Dec. 31, 2018			63,488	52,816
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders	(75,577,000)					(75,577,000)
Other comprehensive loss	(78,000)						(78,000)
Stock-based compensation expense	$ 5,291,000				5,291,000
Issuance of common stock to IAC/InterActiveCorp as reimbursement for settlement of Vimeo, Inc. stock appreciation rights (shares)	50		50
Issuance of common stock to IAC/InterActiveCorp as reimbursement for settlement of Vimeo, Inc. stock appreciation rights	$ 168,474,000		$ 115,000	$ 132,000	168,227,000
Issuance of common stock to IAC/InterActiveCorp as reimbursement for settlement of Vimeo, Inc. stock appreciation rights (shares)			11,462	13,205
Other	1,381,000				1,381,000
Balance at end of period at Dec. 31, 2019	23,633,000		$ 750,000	$ 660,000	223,754,000	(201,299,000)	(232,000)
Balance at end 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, 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	(50,628,000)					(50,628,000)
Other comprehensive loss	145,000						145,000
Stock-based compensation expense	11,665,000				11,665,000
Issuance of common stock to IAC/InterActiveCorp as reimbursement for settlement of Vimeo, Inc. stock appreciation rights	(20,959,000)			$ 3,000	(20,962,000)
Issuance of common stock to IAC/InterActiveCorp as reimbursement for settlement of Vimeo, Inc. stock appreciation rights (shares)				264
Issuance of common stock, net of fees	149,600,000		$ 87,000		149,513,000
Issuance of common stock, net of fees (in shares)			8,656
Dividends	(31,082,000)					(31,082,000)
Other	2,706,000				2,706,000
Balance at end of period at Dec. 31, 2020	85,080,000	$ 0	$ 837,000	$ 663,000	366,676,000	(283,009,000)	(87,000)
Balance at end 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	$ 389,134,000	$ 10.00	$ 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 SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Common Class A [Member]
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Common Class A [Member] \| Vimeo Inc.
Common stock, par value (USD per share)	0.01	0.01	$ 0.01
Common Class B [Member]
Common stock, par value (USD per share)	0.01	0.01
Common Class B [Member] \| Vimeo Inc.
Common stock, par value (USD per share)	$ 0.01	$ 0.01	$ 0.01

CONSOLIDATED STATEMENT OF CASH FLOWS - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
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)	$ (50,628)	$ (75,577)
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	11,665	5,291
Amortization of intangibles	1,887	3,123	14,744	9,653
Depreciation	115	58	460	478
Provision for credit losses	82	824	1,834	1,245
Gain on sale of an investment			(288)	(1,997)
Loss on sale of the hardware business				8,234
Other adjustments, net	231	1,371	3,681	3,464
Changes in assets and liabilities:
Accounts receivable	(2,278)	(3,220)	(7,413)	(1,465)
Other assets	(1,829)	(1,222)	(3,707)	(1,308)
Due to IAC/InterActiveCorp	2,974	6,239	(17,575)	2,455
Accounts payable and other liabilities	(10,493)	(4,136)	4,797	5,064
Deferred revenue	11,281	14,819	56,291	17,285
Net cash used in operating activities	(22)	(388)	13,861	(27,178)
Cash flows from investing activities:
Payments to Acquire Businesses, Net of Cash Acquired			(598)	168,139
Capital expenditures	(135)	(77)	(844)	(2,801)
Proceeds from Sale and Maturity of Other Investments			288	2,215
Other, net		98		(3,471)
Net cash provided by investing activities	7,633	21	42	(172,196)
Cash flows from financing activities:
Proceeds from sale of common stock, net of fees	299,750	0	149,600
Payments of Dividends			31,079
Issuance of common stock to IAC/InterActiveCorp in connection with the funding of the Magisto acquisition				168,474
Proceeds from issuance of related-party debt	0	2,442	32,563	32,249
Principal payments on related-party debt	(94,565)	0	(35,457)
Reimbursement to IAC/InterActiveCorp for IAC common shares issued to settle Vimeo stock appreciation rights that were exercised in November and December of 2020			(11,634)
Reimbursement to IAC/InterActiveCorp for withholding taxes paid on behalf of Vimeo employees for the exercise of stock appreciation rights	(4,733)	(582)	(10,125)	(266)
Net cash provided by financing activities	199,012	1,860	93,868	200,457
Total cash provided	206,623	1,493	107,771	1,083
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(132)	(189)	303	(128)
Net increase in cash and cash equivalents and restricted cash	206,491	1,304	108,074	955
Cash and cash equivalents and restricted cash at beginning of period	110,037	1,963	1,963	1,008
Cash and cash equivalents and restricted cash at end of period	$ 316,528	$ 3,267	$ 110,037	$ 1,963

ORGANIZATION AND BASIS OF PRESENTATION	12 Months Ended
ORGANIZATION AND BASIS OF PRESENTATION	Dec. 31, 2020
Organization and Basis of Presentation [Line Items]
ORGANIZATION AND BASIS OF PRESENTATION	NOTE 1—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. (“Vimeo Holdings”), a newly formed subsidiary of IAC which will become an independent, separately traded public company through a spin-off from IAC. In connection with the foregoing, Vimeo Holdings 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, Vimeo Holdings was incorporated as a Delaware corporation in December 2020. Vimeo Holdings 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 Vimeo Holdings upon its incorporation.
Vimeo Inc.
Organization and Basis of Presentation [Line Items]
ORGANIZATION AND BASIS OF PRESENTATION	NOTE 1 — ORGANIZATION AND BASIS OF PRESENTATION 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” or the “Company”) to IAC shareholders. Subject to the terms and conditions set forth in the separation agreement, 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 newly formed subsidiary of IAC, with SpinCo becoming an independent, separately traded public company through a spin-off from IAC, and Vimeo, the IAC subsidiary that currently holds the Vimeo business, becoming a wholly-owned subsidiary of SpinCo. 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 in the second quarter of 2021. 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. 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. Basis of Presentation and Consolidation 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 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 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 an operating activity and in the consolidated balance sheet as “Due to IAC/InterActiveCorp.” 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. Company Overview Vimeo operates a cloud-based software platform for professionals, teams and organizations to create, collaborate and communicate with video. Vimeo’s all-in-one software solution makes video easier and more effective than ever before, offering the full range of video tools through a recurring software-as-a-service (“SaaS” model) that enables subscribers to create, stream, host, distribute, market, monetize and analyze videos online and across devices. Vimeo previously sold live streaming devices and accessories through its hardware business, prior to the sale of this business on March 29, 2019. Vimeo retained rights in the hardware business to participate in and receive distributions in the event of positive cash flows or proceeds from the sale of the business. On May 28, 2019, Vimeo purchased certain assets and assumed certain liabilities relating to the Magisto video creation app from Magisto, Ltd. (this transaction is referred herein to as the acquisition of Magisto).

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2020

The Company and Summary of Significant Accounting Policies [Line Items]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2—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 Vimeo Holdings 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]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Estimates

Revenue Recognition

Vimeo’s disaggregated revenue disclosures are presented in “Note 15 — Consolidated Financial Statement Details.”

Transaction Price

Arrangements with Multiple Performance Obligations

Assets Recognized from the Costs to Obtain a Contract with a Customer

Performance Obligations

Accounts Receivables, Net of Allowance for Credit Losses

Credit Losses

The following table presents the changes in the allowance for credit losses for the year ended December 31, 2020:


	Year Ended
	December 31, 2020
	(In thousands)
Balance at January 1	$	273
Current period provision for credit losses		1,834
Write-offs charged against the allowance		(1,645)
Recoveries collected		14
Balance at December 31	$	476

Deferred Revenue

Cash and Cash Equivalents

Cash and cash equivalents include cash and short-term investments, with maturities of less than 91 days from the date of purchase. Domestically, cash equivalents primarily consist of AAA rated government money market funds. Internationally, cash equivalents consist of time deposits. Prior to the November 10, 2020 equity sale, Vimeo participated in IAC’s centrally managed U.S. treasury function in which IAC swept Vimeo’s domestic cash.

Certain Risks and Concentrations

Credit Risk

Financial instruments, which potentially subject Vimeo to concentration of credit risk, consist primarily of cash and cash equivalents. Cash and cash equivalents are principally maintained with financial institutions and are in excess of Federal Deposit Insurance Corporation insurance limits.

Other Risks

Vimeo’s business is subject to certain risks and concentrations including dependence on third-party technology providers, exposure to risks associated with online commerce security and credit card fraud.

Leasehold Improvements and Equipment

Leasehold improvements and equipment are recorded at cost. Repairs and maintenance costs are expensed as incurred. Amortization of leasehold improvements, which is included within depreciation within the consolidated statement of operations, and depreciation is computed using the straight-line method over the estimated useful lives of the assets, or, in the case of leasehold improvements, the lease term, if shorter.


Asset Category		Estimated Useful Lives
Leasehold improvements		7 Years
Office, computer and other equipment		2 to 10 Years

Business Combinations

The purchase price of each acquisition is attributed to the assets acquired and liabilities assumed is based on their fair values at the date of acquisition, including identifiable intangible assets that either arise from a contractual or legal right or are separable from goodwill. Vimeo usually uses the assistance of outside valuation experts to assist in the allocation of purchase price to the identifiable intangible assets acquired. While outside valuation experts may be used, management has ultimate responsibility for the valuation methods, models and inputs used and the resulting purchase price allocation. The excess purchase price over the value of net tangible and identifiable intangible assets acquired is recorded as goodwill.

Goodwill

Vimeo assesses goodwill for impairment annually as of October 1 or more frequently if an event occurs or circumstances change that would more likely than not reduce its fair value below its carrying value.

When Vimeo elects to perform a qualitative assessment and concludes it is not more likely than not that its fair value is less than its carrying value, no further assessment of goodwill is necessary; otherwise, a quantitative assessment is performed and the fair value of Vimeo is determined. If the carrying value of Vimeo exceeds its fair value, an impairment equal to the excess is recorded.

For Vimeo’s annual goodwill test at October 1, 2020, a qualitative assessment of goodwill was performed because Vimeo concluded it was more likely than not that its fair value was in excess of its carrying value based upon a valuation of Vimeo prepared by IAC primarily in connection with the issuance and/or settlement of equity awards that are denominated in the equity of Vimeo. The valuation was prepared in February 2020 and was reviewed each quarterly reporting period through September 30, 2020. The fair value of Vimeo in the valuation was significantly in excess of its October 1, 2020 carrying value.

February 2020 Valuation of Vimeo Common Shares

The determination of the fair value of Vimeo common shares in February 2020 was prepared using both an income approach using a discounted cash flows (“DCF”) method and a market approach. Determining fair value using a DCF analysis requires the exercise of significant judgment with respect to several items, including the amount and timing of expected future cash flows and appropriate discount rates. The expected cash flows used in the DCF analyses are based on Vimeo’s most recent forecast and budget and, for years beyond the budget, Vimeo’s estimates, which are based, in part, on forecasted growth rates. The discount rates used in the DCF analyses are intended to reflect the risks inherent in the expected future cash flows of Vimeo. Assumptions used in the DCF analyses, including the discount rate, are assessed based on Vimeo’s current results and forecasted future performance, as well as macroeconomic and industry specific factors. Determining fair value using a market approach considers multiples of financial metrics based on both acquisitions and trading multiples of a selected peer group of companies. The market comparable approach considers multiple financial metrics based on both acquisitions and trading multiples of a selected peer group of companies. From the comparable companies, a representative market multiple is determined, which is applied to financial metrics to estimate the equity value of Vimeo. The peer group of companies was determined by considering companies relevant in terms of business function, monetization model and margin and growth characteristics operating in these sectors: SaaS and branded consumer internet companies with strong revenue growth.

Long-Lived Assets and Intangible Assets with Definite Lives

Long-lived assets, which consist of ROU assets, leasehold improvements and equipment and intangible assets with definite lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The carrying value of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If the carrying value is deemed not to be recoverable, an impairment loss is recorded equal to the amount by which the carrying value of the long-lived asset exceeds its fair value. Amortization of definite-lived intangible assets is computed either on a straight-line basis or based on the pattern in which the economic benefits of the asset are expected to be realized.

Fair Value Measurements

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.

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.

Advertising Costs

Advertising costs are expensed in the period incurred and represent online marketing, including fees paid to search engines, social media sites, e-mail campaigns, display advertising, video advertising and affiliate marketing, and offline marketing, which is primarily conferences and events. Advertising expense was $60.1 million and $65.4 million for the years ended December 31, 2019 and 2020, respectively.

Legal Costs

Legal costs are expensed as incurred.

Income Taxes

Vimeo is included within IAC’s tax group for purposes of federal and consolidated state income tax return filings. In the period presented, current and deferred income tax provision has been computed for Vimeo on an as if standalone, separate tax return basis.

Vimeo accounts for income taxes under the liability method, and deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying values of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided if it is determined that it is more likely than not that the deferred tax asset will not be realized. Vimeo records interest, net of any applicable related income tax benefit, on potential income tax contingencies as a component of income tax provision.

Vimeo evaluates and accounts for uncertain tax positions using a two-step approach. Recognition (step one) occurs when Vimeo concludes that a tax position, based solely on its technical merits, is more-likely-than-not to be sustainable upon examination. Measurement (step two) determines the amount of benefit that is greater than 50% likely to be realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. De-recognition of a tax position that was previously recognized would occur when Vimeo subsequently determines that a tax position no longer meets the more-likely-than-not threshold of being sustained.

Loss per Share

Basic loss or earnings per share is computed by dividing net loss or earnings by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects the potential dilution that could occur from stock-based awards. Given that Vimeo has reported a loss for each of the years ended December 31, 2019 and 2020, the effect of dilutive securities would be anti-dilutive, and they are, therefore, excluded from the computation of diluted loss per share. See “Note 9 — Loss per Share” for additional information on dilutive securities.

Foreign Currency Translation and Transaction Gains and Losses

The financial position and operating results of foreign entities whose primary economic environment is based on their local currency are consolidated using the local currency as the functional currency. These local currency assets and liabilities are translated at the rates of exchange as of the balance sheet date, and local currency revenue and expenses of these operations are translated at average rates of exchange during the period. Translation gains and losses are included in accumulated other comprehensive income as a component of shareholders’ equity. Transaction gains and losses resulting from assets and liabilities denominated in a currency other than the functional currency are included in the consolidated statement of operations as a component of other income (expense), net.

Stock-Based Compensation

Stock-based compensation is measured at the grant date based on the fair value of the award and is generally expensed over the requisite service period. See “Note 10 — Stock-based Compensation” for a discussion of stock-based compensation.

Recent Accounting Pronouncements

Accounting Pronouncements Adopted by Vimeo

ASU No. 2016‑13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

ASU No. 2019‑12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes

Accounting Pronouncements Not Yet Adopted by Vimeo

Reclassifications

Certain prior year amounts have been reclassified to conform to the current year presentation.

INCOME TAXES

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

Vimeo Inc.

Income Taxes [Line Items]

INCOME TAXES

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.

NOTE 3 — 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.

U.S. and foreign (loss) earnings before income taxes are as follows:


	Years Ended
	December 31,
	2019		2020

	(In thousands)
U.S.	$	(76,052)	$	(52,007)
Foreign		820		2,207
Total	$	(75,232)	$	(49,800)

The components of the income tax provision are as follows:


	December 31,
	2019		2020
	(In thousands)
Current income tax provision:
Federal	$	—	$	—
State		39		64
Foreign		242		561
Current income tax provision		281		625
Deferred income tax provision:
Federal		—		270
State		—		—
Foreign		64		(67)
Deferred income tax provision		64		203
Income tax provision	$	345	$	828


	December 31,
	2019		2020

	(In thousands)
Deferred tax assets:
Net operating loss carryforwards .	$	19,411	$	31,721
Tax credit carryforwards		5,464		6,903
Intangible assets with definite lives		3,435		3,992
Disallowed interest carryforwards		2,005		3,705
Stock-based compensation		2,556		3,013
Leasehold improvements and equipment		65		—
Other		4,719		5,477
Total deferred tax assets		37,655		54,811
Less: valuation allowance		(35,745)		(51,689)
Net deferred tax assets		1,910		3,122
Deferred tax liabilities:
Prepaid expenses		(1,316)		(2,345)
Leasehold improvements and equipment		—		(415)
Right-of-use assets		(594)		(343)
Withholding taxes		(47)		(270)
Total deferred tax liabilities		(1,957)		(3,373)
Net deferred tax liability	$	(47)	$	(251)

A reconciliation of the income tax provision to the amounts computed by applying the statutory federal income tax rate to earnings before income taxes is shown as follows:


	Years Ended
	December 31,
	2019		2020
	(In thousands)
Income tax benefit at the federal statutory rate of 21%	$	(15,799)	$	(10,458)
State income taxes, net of effect of federal tax benefit		(1,809)		(963)
Change in valuation allowance		18,269		15,944
Stock-based compensation		334		(3,474)
Research credit		(1,049)		(1,439)
Transaction costs		2		640
Other, net		397		578
Income tax provision	$	345	$	828

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:


	Years Ended
	December 31,
	2019		2020

	(In thousands)
Balance at January 1	$	1,026	$	1,475
Additions based on tax positions related to the prior year		—		538
Settlements		—		(645)
Additions based on tax positions related to the current year		449		553
Balance at December 31	$	1,475	$	1,921

Vimeo recognizes interest and penalties related to unrecognized tax benefits, if applicable, in the income tax provision.

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 2016. The IRS began its audit of the year ended December 31, 2017 in the second quarter of 2020. 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 December 31, 2021, 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

+ References + Details

BUSINESS COMBINATIONS

12 Months Ended

Dec. 31, 2020

Vimeo Inc.

Business combinations

BUSINESS COMBINATION

NOTE 4 — BUSINESS COMBINATION

On May 28, 2019, Vimeo completed the acquisition of Magisto for total cash consideration of $168.0 million.

The table below summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition:


	Magisto
	(In thousands)
Accounts receivable	$	3,190
Other current assets		611
Goodwill		142,185
Intangible assets with definite lives		25,900
Total assets		171,886
Other current liabilities		(3,845)
Net assets acquired	$	168,041

The purchase price of Magisto was not based on the value of the net identifiable assets at the time of acquisition. The purchase price was based on the expected financial performance of the Company, following the integration of Magisto’s technology and intellectual property into Vimeo’s suite of products and, to a lesser degree, the standalone financial performance of Magisto. This resulted in a significant portion of the purchase price being attributed to goodwill.

The fair values of the identifiable intangible assets with definite lives acquired at the date of acquisition are as follows:


	Magisto
			Weighted-
			Average
			Useful
	(In thousands)		Life (Years)
Customer relationships	$	13,800	4
Developed technology		10,100	4
Trade names and trademarks		2,000	2
Total identifiable intangible assets with definite lives acquired	$	25,900

Other current assets and other current liabilities of Magisto were reviewed and adjusted to their fair values at the date of acquisition, as necessary. The fair values of developed technology and trade names and trademarks were determined using an income approach that utilized the relief from royalty methodology. The fair value of the customer relationships was determined using an income approach that utilized the excess earnings methodology. The valuations of intangible assets incorporate significant unobservable inputs and require significant judgment and estimates, including the amount and timing of future cash flows and the determination of royalty and discount rates. The amount attributed to goodwill is tax deductible.

The financial results of Magisto are included in Vimeo’s consolidated financial statements, beginning May 28, 2019. For the year ended December 31, 2019, Vimeo included $15.3 million of revenue and $9.2 million of net losses in its consolidated statement of operations related to Magisto.

Unaudited Pro Forma Financial Information

The unaudited pro forma financial information in the table below presents the consolidated results of Vimeo and Magisto as if the acquisition had occurred on January 1, 2019. The unaudited pro forma financial information includes adjustments required under the acquisition method of accounting and is presented for informational purposes only and is not necessarily indicative of the results that would have been achieved had the acquisition actually occurred on January 1, 2019.


	Year Ended December 31, 2019
	(In thousands,
	except per share
	data)
Revenue	$	207,833
Net loss	$	(78,984)
Basic and diluted loss per share	$	(0.60)

GOODWILL AND INTANGIBLE ASSETS WITH DEFINITIVE LIVES

12 Months Ended

Dec. 31, 2020

Vimeo Inc.

Goodwill [Line Items]

GOODWILL AND INTANGIBLE ASSETS WITH DEFINITIVE LIVES

NOTE 5 — GOODWILL AND INTANGIBLE ASSETS WITH DEFINITE LIVES

Goodwill and intangible assets with definite lives, net are as follows:


	December 31,
	2019		2020

	(In thousands)
Goodwill	$	219,374	$	219,337
Intangible assets with definite lives, net of accumulated amortization		25,598		10,854
Total goodwill and intangible assets with definite lives, net	$	244,972	$	230,191

The following table presents the changes in the carrying value of goodwill for the years ended December 31, 2019 and 2020:


	Years Ended December 31,
	2019		2020

	(In thousands)
Balance at January 1	$	77,152	$	219,374
Additions		142,222		—
Deductions		—		(37)
Balance at December 31	$	219,374	$	219,337

Additions relate to the acquisition of Magisto.

At December 31, 2019 and 2020, intangible assets with definite lives are as follows:


	December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life (Years)
	(In thousands)
Developed technology	$	25,500	$	(13,709)	$	11,791	3.6
Customer relationships		16,200		(3,802)		12,398	3.9
Trade names		3,000		(1,591)		1,409	1.7
Total	$	44,700	$	(19,102)	$	25,598	3.6


	December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life (Years)
	(In thousands)
Developed technology	$	25,500	$	(19,418)	$	6,082	3.6
Customer relationships		16,200		(11,837)		4,363	3.9
Trade names		3,000		(2,591)		409	1.7
Total	$	44,700	$	(33,846)	$	10,854	3.6

At December 31, 2020, amortization of intangible assets with definite lives is estimated to be as follows:


Years Ending December 31,	(In thousands)
2021	$	5,582
2022		3,823
2023		1,449
Total	$	10,854

FAIR VALUE MEASUREMENTS

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

Vimeo Inc.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

FAIR VALUE MEASUREMENTS

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

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

NOTE 6 — FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

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


	December 31, 2019
	Quoted Market Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Time deposits	$	—	$	35	$	—	$	35
Total	$	—	$	35	$	—	$	35


	December 31, 2020
	Quoted Market Prices in Active Markets for Identical Assets (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

- Definition

+ References + Details

SHAREHOLDERS' EQUITY	3 Months Ended	12 Months Ended
SHAREHOLDERS' EQUITY	Mar. 31, 2021	Dec. 31, 2020
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.	NOTE 3—SHAREHOLDER EQUITY Description of Common Stock and Class B Convertible Common Stock Except as described herein, shares of Vimeo Holdings common stock and Vimeo Holdings Class B common stock are identical. Each holder of shares of Vimeo Holdings common stock and Vimeo Holdings 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 Vimeo Holdings shareholders generally, including the election of directors. In connection with any such vote, each holder of Vimeo Holdings common stock is entitled to one vote for each share of Vimeo Holdings common stock held and each holder of Vimeo Holdings Class B common stock is entitled to ten votes for each share of Vimeo Holdings Class B common stock held. In addition, Delaware law requires that certain matters be approved by the holders of shares of Vimeo Holdings common stock or holders of Vimeo Holdings Class B common stock voting as a separate class. Shares of Vimeo Holdings Class B common stock are convertible into shares of Vimeo Holdings 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 Vimeo Holdings by means of a stock dividend on, or a stock split or combination of, outstanding shares of Vimeo Holdings common stock or Vimeo Holdings Class B common stock, or in the event of any merger, consolidation or other reorganization of Vimeo Holdings with another corporation. Upon the conversion of shares of Vimeo Holdings Class B common stock into shares of Vimeo Holdings common stock, those shares of Vimeo Holdings Class B common stock will be retired and will not be subject to reissue. Shares of Vimeo Holdings common stock are not convertible into shares of Vimeo Holdings Class B common stock. The holders of shares of Vimeo Holdings common stock and the holders of shares of Vimeo Holdings Class B common stock are entitled to receive such dividends as may be declared by Vimeo Holdings Board of Directors out of funds legally available therefor. In the event of a liquidation, dissolution, distribution of assets or winding-up of Vimeo Holdings, the holders of shares of Vimeo Holdings common stock and the holders of shares of Vimeo Holdings Class B common stock are entitled to receive, share for share, all the assets of Vimeo Holdings available for distribution to its stockholders, after the rights of the holders of any Vimeo Holdings 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.	NOTE 7 — SHAREHOLDERS’ EQUITY Description of Class A Voting Common Stock and Class B Non-Voting Common Stock Vimeo’s Class A Voting common stock and Class B Non-Voting common stock participate in earnings on the same basis. Except as described below, shares of Vimeo’s 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 December 31, 2020, IAC held 89.7% of Vimeo’s Class A Voting common stock and 97.6% of Vimeo’s Class B Non-Voting common stock, or 93.2% 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 On November 10, 2020, Vimeo raised $150.0 million of equity capital via the sale of approximately 8.7 million shares of Class A Voting common stock at a price of $17.33 per share, based on an enterprise value of approximately $2.75 billion. See “Note 16 — Subsequent Events” for a discussion of additional sales of Class A Voting common stock in 2021.

ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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.

NOTE 8 — ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated other comprehensive loss consists of foreign currency translation adjustments:


	Years Ended December 31,
	2019				2020

	Foreign Currency Translation Adjustments		Accumulated Other Comprehensive Loss		Foreign Currency Translation Adjustments		Accumulated Other Comprehensive (Loss) Income

	(In thousands)
Balance at January 1	$	(154)	$	(154)	$	(232)	$	(232)
Other comprehensive (loss) income		(78)		(78)		145		145
Balance at December 31	$	(232)	$	(232)	$	(87)	$	(87)

At December 31, 2019 and 2020, there was no tax benefit or provision on the accumulated other comprehensive loss.

EARNINGS (LOSS) PER SHARE

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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)

_____________________

NOTE 9 — LOSS PER SHARE

The following table sets forth the computation of basic and diluted loss per share:


	Years Ended December 31,
	2019				2020

	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net loss	$	(75,577)	$	(75,577)	$	(50,628)	$	(50,628)
Denominator:
Weighted average basic shares outstanding		130,994		130,994		142,426		142,426
Dilutive securities(a)		—		—		—		—
Denominator for earnings per share – weighted average shares(a)		130,994		130,994		142,426		142,426
Basic and diluted loss per share:
Basic and diluted loss per share(b)	$	(0.58)	$	(0.58)	$	(0.36)	$	(0.36)

(a)

(b)

hares of Vimeo Class A Voting common stock and shares of Class B Non-Voting common stock participate in earnings on the same basis.

STOCK-BASED COMPENSATION

12 Months Ended

Dec. 31, 2020

Vimeo Inc.

Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]

STOCK-BASED COMPENSATION

NOTE 10 — STOCK-BASED COMPENSATION

Vimeo currently has one active plan (the “Plan”). The Plan was adopted in 2019 and provides that the exercise price of stock appreciation rights granted will not be less than the fair value of Vimeo’s common stock on the grant date. The Plan and its predecessor plans (collectively the “Plans”) provide for the grant of stock appreciation rights, restricted stock units (“RSUs”) and other stock-based awards related to shares of Vimeo common stock. The Plan authorizes the Company to grant awards to its employees, officers, directors and consultants. The plan does not specify grant dates or vesting schedules of awards as those determinations are made by the Vimeo Board of Directors or a committee thereof. Each award agreement reflects the vesting schedule for that particular grant as determined by the Vimeo Board of Directors (or committee thereof). Broad-based stock appreciation rights issued to date have generally vested in four equal annual installments over a four-year period. RSU awards issued to date will cliff vest approximately either in one year or four years, in each case, from the grant date. At December 31, 2020, there are 11.1 million shares available for grant under the Vimeo stock-based compensation plan.

Pursuant to the terms of the stock-based awards granted under the Plans, until Vimeo (or its successor’s) common shares trade on a national securities exchange, shares of IAC common stock are issued to employees in settlement of the exercise of vested awards after deduction for required tax withholdings, which are remitted on the employees’ behalf. Pursuant to the Vimeo stockholders agreement, Vimeo reimburses IAC in the form of Vimeo common shares for the shares issued by IAC and in cash for any withholding taxes paid by IAC on behalf of the Vimeo employees. During the year ended December 31, 2019, Vimeo issued IAC approximately 50 thousand shares of Vimeo common stock to reimburse IAC for the IAC common shares issued to settle Vimeo stock appreciation rights. From January 2020 through October 2020, Vimeo issued IAC approximately 265 thousand shares of Vimeo common stock to reimburse IAC for the IAC common shares issued to settle Vimeo stock appreciation rights. In November and December 2020, Vimeo employees exercised stock appreciation rights with an intrinsic value of approximately $21.0 million, which resulted in the payment of approximately $9.3 million in withholding taxes on behalf of employees and an approximately $11.6 million payment in cash to IAC as reimbursement for the IAC common shares issued. Upon completion of the Spin-off, the number of shares underlying the stock appreciation rights and exercise prices of the stock appreciation rights related to shares of Vimeo common stock will be adjusted and will provide that the awards are exercisable for shares of SpinCo common stock. SpinCo management will have the discretion to continue to net settle these awards, or require the award holder to pay its share of the withholding tax, which he or she may do so by selling SpinCo common shares.

The amount of stock-based compensation expense recognized in the consolidated statement of operations is net of estimated forfeitures. The forfeiture rate is estimated at the grant date based on historical experience and revised, if necessary, in subsequent periods if actual forfeitures differ from the estimated rate. The expense ultimately recorded is for the awards that vest. At December 31, 2020, there is $12.4 million of unrecognized compensation cost, net of estimated forfeitures, related to all equity-based awards, which is expected to be recognized over a weighted average period of approximately 2.7 years.

Vimeo is currently in an NOL position with a full valuation allowance. Therefore, no income tax benefit was recognized in the accompanying consolidated statement of operations for the years ended December 31, 2019 and 2020 related to stock-based compensation or the income tax benefit recognized related to the exercise of stock appreciation rights.

Valuation of Vimeo Common Shares

Prior to the November 10, 2020 sale of Class A Voting common stock, the fair value of Vimeo’s common stock for stock-based compensation purposes was estimated using the methods described in “Note 2 — Summary of Significant Accounting Policies and Estimates — Goodwill — February 2020 Valuation of Vimeo Common Shares.”

Stock appreciation rights

Stock appreciation rights outstanding at December 31, 2020 and changes during the year ended December 31, 2020 are as follows:


	Stock appreciation rights	Weighted average exercise price		Weighted average remaining contractual term in years		Aggregate intrinsic value

	(Shares and intrinsic value in thousands)
Outstanding at January 1, 2020	13,461	$	5.73
Granted	3,993	$	7.68
Exercised	(2,887)	$	4.95
Forfeited	(636)	$	6.29
Expired	(34)	$	6.43
Outstanding at December 31, 2020	13,897	$	6.42	7.9	$		151,614
Exercisable	4,103	$	5.42	6.6	$		48,854

The aggregate intrinsic value in the table above represents the difference between the per share price of Vimeo at the last date of grant of awards prior to December 31, 2020 and the exercise price, multiplied by the number of in-the-money awards that would have been exercised had all holders exercised their awards on December 31, 2020. The per share price of Vimeo at the last date of grant of awards prior to December 31, 2020 used to calculate the aggregate intrinsic value is $17.33 per share, which is equal to the per share price Vimeo received for the equity it issued in November 2020. This amount changes based on the fair value of Vimeo common stock. The aggregate intrinsic value of Vimeo awards outstanding as of January 29, 2021, assuming a per share price of $35.35, which is equal to the per share price based upon a $6.0 billion equity valuation, or the price Vimeo received for the equity it issued in January 2021, is $405.1 million. If Vimeo settles these awards on a net basis the withholding taxes payable by Vimeo on behalf of its employees upon net settlement would $202.6 million, assuming a 50% withholding rate.

The total intrinsic value of awards exercised during the years ended December 31, 2019 and 2020 is $0.6 million and $23.9 million, respectively.

There was no cash received from award exercises as stock appreciation rights, by their nature, are settled net of the exercise price with the award holder entitled to receive value equal to any appreciation in the award.

The weighted average grant date fair value for stock appreciation rights granted during the year ended December 31, 2019 and 2020 is $2.14 and $2.16, respectively.

The following table summarizes the information about stock appreciation rights outstanding and exercisable at December 31, 2020:


	Awards outstanding				Awards exercisable

Range of exercise prices	Outstanding at December 31, 2020	Weighted- average remaining contractual life in years	Weighted- average exercise price		Exercisable at December 31, 2020	Weighted- average remaining contractual life in years	Weighted- average exercise price

	(Shares in thousands)
$2.01 and $4.00	12	5.3	$	2.48	12	5.3	$	2.48
$4.01 and $6.00	4,078	6.3	$	4.90	2,913	6.2	$	4.92
$6.01 and $8.00	9,481	8.5	$	6.70	1,178	7.7	$	6.71
Greater than $8.00	326	9.9	$	17.33	—	—	$	—
	13,897	7.9	$	6.42	4,103	6.6	$	5.42

The fair value of each stock appreciation right is estimated on the grant date using the Black-Scholes option pricing model. The Black-Scholes option pricing model incorporates various assumptions, including expected volatility and expected term. Expected stock price volatilities are estimated based on historical stock price volatilities of peer companies that were used in the preparation of valuations used in valuing Vimeo common shares. The risk-free interest rates are based on U.S. Treasuries with a maturity date equal to the expected term of the award on the grant date. Expected term is based upon the mid-point of the first and last exercise windows specified in the award agreements. No dividends have been assumed at the time of grant based on the then-current expectation and still current expectation that Vimeo will not be paying dividends on a recurring basis in the foreseeable future. The following are the weighted average assumptions used in the Black-Scholes option pricing model:


	Years Ended December 31,
	2019		2020
Expected volatility	41	%	38	%
Risk-free interest rate	1.8	%	1.0	%
Expected term	3.4 years		3.3 years
Dividend yield	—	%	—	%

Restricted stock units

RSUs are awards in the form of phantom shares or units denominated in a hypothetical equivalent number of shares of Vimeo common stock and with the value of each RSU equal to the fair value of Vimeo common stock at the date of grant. Each RSU grant is subject to service-based vesting, where a specific period of continued employment must pass before an award vests. For RSU grants, the expense is measured at the grant date as the fair value of Vimeo common stock and expensed as stock-based compensation over the vesting term.

Unvested RSUs outstanding at December 31, 2020 and changes during the year ended December 31, 2020 are as follows:


	Number of Shares	Weighted Average Grant Date Fair Value

	(Shares in thousands)
Unvested on January 1, 2020	—	$	—
Granted	88		17.33
Vested	—		—
Forfeited	—		—
Unvested at December 31, 2020	88	$	17.33

The weighted average fair value of RSUs granted for the year ended December 31, 2020 based on the fair value of Vimeo’s common stock on the grant date was $17.33.

There were no RSUs that vested for the year ended December 31, 2020.

IAC denominated stock options

Less than 0.1 million IAC stock options granted by IAC, under its equity incentive plans, to employees of Vimeo were outstanding as of December 31, 2019 and 2020, respectively. There were no IAC stock options granted to employees of Vimeo during the years ended December 31, 2019 and 2020. The fair value of each stock option award was estimated on the grant date using the Black-Scholes option-pricing model.

IAC stock options are granted with exercise prices at least equal to the fair value on the date of grant, generally, vest ratably in annual installments over a four-year period and expire ten years from the date of grant. The outstanding IAC stock options are vested at December 31, 2020.

IAC denominated restricted stock units

At December 31, 2019, there were approximately 2 thousand IAC RSUs granted by IAC, under its equity incentive plans, to employees of Vimeo that were outstanding. During 2020, these shares vested. At December 31, 2020, there are no IAC RSUs held by Vimeo employees.

LEASES

12 Months Ended

Dec. 31, 2020

Vimeo Inc.

Lessee, Lease, Description [Line Items]

LEASES

NOTE 11 — LEASES

Vimeo leases office space and equipment used in connection with its operations under various operating leases, the majority of which contain escalation clauses.

ROU assets represent Vimeo’s right to use the underlying assets for the lease term and lease liabilities represent the present value of Vimeo’s obligation to make payments arising from these leases. ROU assets and related lease liabilities are based on the present value of fixed lease payments over the lease term using IAC’s incremental borrowing rates on the lease commencement date or January 1, 2019 for leases that commenced prior to that date. Vimeo combines the lease and non-lease components of lease payments in determining ROU assets and related lease liabilities. If the lease includes one or more options to extend the term of the lease, the renewal option is considered in the lease term if it is reasonably certain Vimeo will exercise the option(s). Lease expense is recognized on a straight-line basis over the term of the lease. As permitted by ASC 842, leases with an initial term of twelve months or less (“short-term leases”) are not recorded on the accompanying consolidated balance sheet.

Variable lease payments consist primarily of common area maintenance, utilities and taxes, which are not included in the recognition of ROU assets and related lease liabilities. Vimeo’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.


		December 31,
Leases	Balance Sheet Classification	2019		2020

		(In thousands)
Assets:
Right-of-use assets	Other non-current assets	$	2,588	$	1,588
Liabilities:
Current lease liabilities	Accrued expenses and other current liabilities	$	1,294	$	642
Long-term lease liabilities	Other long-term liabilities		3,287		1,027
Total lease liabilities		$	4,581	$	1,669


		Years Ended December 31,
Lease Expense	Income Statement Classification	2019		2020

		(In thousands)
Fixed lease expense	Cost of revenue	$	52	$	31
Fixed lease expense	Research and development expense		413		446
Fixed lease expense	Sales and marketing expense		173		187

Fixed lease expense	General and administrative expense		3,264		648

Total lease expense, net(a)		$	3,902	$	1,312

(a)

Includes approximately $2.1 million of lease impairment charges in the year ended December 31, 2019 and approximately $0.2 million and $0.3 million of short-term lease expense, and $0.2 million and $0.1 million of sublease income, for the years ended December 31, 2019 and 2020, respectively. Variable lease expense was $0.1 million in both of the years ended December 31, 2019 and 2020.

Maturities of lease liabilities as of December 31, 2020 (in thousands)(b):


Years Ended December 31,	(In thousands)
2021	$	682
2022		598
2023		456
Total		1,736
Less: interest		67
Present value of lease liabilities	$	1,669

(b)

A of December 31, 2020, the Company had no legally binding minimum lease payments for leases signed but not yet commenced.

The following are the weighted average assumptions used for lease term and discount rate as of December 31, 2019 and 2020:


	December 31,
	2019		2020
Remaining lease term	3.69 years		2.73 years
Discount rate	5.63	%	2.97	%


	Years Ended December 31,
	2019		2020
	(In thousands)
Other Information:
Right-of-use assets obtained in exchange for lease liabilities	$	829	$	1,322
Cash paid for amounts included in the measurement of lease liabilities	$	1,778	$	3,601

CONTINGENCIES

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

Vimeo Inc.

Contingencies [Line Items]

CONTINGENCIES

NOTE 12 — COMMITMENTS AND CONTINGENCIES

Commitments


	Amount of Commitment Expiration Per Period
									Total
	Less Than		1 – 3		3 – 5		More Than		Amounts
	1 Year		Years		Years		5 Years		Committed

	(In thousands)
Purchase obligations	$	14,916	$	498	$	—	$	—	$	15,414

Purchase obligations include remaining payments of $14.4 million related to a two-year cloud computing contract that expires in April 2021.

Contingencies

RELATED PARTY TRANSACTIONS

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

Vimeo Inc.

RELATED PARTY TRANSACTIONS

Relationship with IAC prior to the Spin-off

Due to IAC/InterActiveCorp

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

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

Relationship with IAC following the Spin-off

NOTE 13 — 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 $2.5 million and $6.1 million in 2019 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.

Due to IAC/InterActiveCorp

Debt — Related Party

Debt — related party consists of:


	December 31,
	2019		2020

	(In thousands)
Promissory notes due on demand – related party:
Promissory note due on demand – related party	$	35,457	$	—
Promissory note due on demand – related party		24,296		44,565
Total promissory notes due on demand – related party		59,753		44,565
Promissory note due May 2, 2023 – related party		37,706		50,000
Total debt — related party	$	97,459	$	94,565

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:


	December 31, 2019				December 31, 2020
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value

	(In thousands)
Promissory notes due on demand – related party	$	59,753	$	59,753	$	44,565	$	44,565
Long-term debt – related party	$	37,706	$	43,487	$	50,000	$	54,545

Debt — related party maturities:

Debt maturities as of December 31, 2020 are summarized in the table below:


Years Ending December 31,	(In thousands)
2021	$	44,565
2023		50,000
Total	$	94,565

Relationship with IAC following the Spin-off

BENEFIT PLANS	12 Months Ended
BENEFIT PLANS	Dec. 31, 2020
Vimeo Inc.
Defined Contribution Plan Disclosure [Line Items]
BENEFIT PLANS	NOTE 14 — BENEFIT PLANS Vimeo employees in the United States can elect to participate in the IAC/InterActiveCorp Retirement Savings Plan (“the Plan”), which is a retirement savings program in the United States that qualifies under Section 401(k) of the Internal Revenue Code. Under the Plan, participating employees may contribute up to 50% of their pre-tax earnings, but not more than statutory limits. Prior to July 2019, the Company contributed an amount equal to 50% of the first 6% of compensation that a participant contributes in each payroll period to the Plan. In June 2019, IAC approved a change to the matching contribution to 100% of the first 10% of an employee’s eligible compensation, subject to IRS limits on the employer matching contribution maximum, that a participant contributes to the Plan. Matching contributions to the Plan for the years ended December 31, 2019 and 2020 were $2.2 million and $3.6 million, respectively. Matching contributions are invested in the same manner as each participant’s voluntary contributions in the investment options provided under the Plan. An investment option in the Plan is IAC common stock, but neither participant nor matching contributions are required to be invested in IAC common stock. The increase in matching contributions in 2020 is due primarily to the aforementioned change in the employer matching contribution. Vimeo also has or participates in various benefit plans, primarily defined contribution plans, for its international employees. Vimeo contributions to these plans for both of the years ended December 31, 2019 and 2020 were $0.3 million.

CONSOLIDATED FINANCIAL STATEMENT DETAILS

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

Vimeo Inc.

Consolidated Financial Statement Details [Line Items]

CONSOLIDATED FINANCIAL STATEMENT DETAILS

Cash and Cash Equivalents and 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

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.

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

NOTE 15 — CONSOLIDATED FINANCIAL STATEMENT DETAILS

Cash and Cash Equivalents and Restricted Cash


	January 1,		December 31,		December 31,
	2019		2019		2020

	(In thousands)
Cash and cash equivalents	$	985	$	1,939	$	110,011
Restricted cash included in other current assets		23		24		26
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$	1,008	$	1,963	$	110,037

Restricted cash at January 1, 2019, December 31, 2019 and December 31, 2020 primarily consists of a deposit related to corporate credit cards.

Other Current Assets


	December 31,
	2019		2020
	(In thousands)
Prepaid expenses	$	2,884	$	4,027
Capitalized costs to obtain a contract with a customer		1,668		2,726
Other		1,846		1,179
Total other current assets	$	6,398	$	7,932

Leasehold Improvements and Equipment, net


	December 31,
	2019		2020
	(In thousands)
Leasehold improvements	$	3,033	$	3,276
Computer and other equipment		1,213		757
Total leasehold improvements and equipment		4,246		4,033
Accumulated depreciation and amortization		(1,249)		(712)
Leasehold improvements and equipment, net	$	2,997	$	3,321

Accrued Expenses and Other Current Liabilities


	December 31,
	2019		2020
	(In thousands)
Accrued employee compensation and benefits	$	9,090	$	18,881
Accrued hosting fees		10,741		4,953
Other		23,456		23,598
Total accrued expenses and other current liabilities	$	43,287	$	47,432

Other (Expense) Income, net


	Years Ended December 31,
	2019		2020
	(In thousands)
Other (expense) income, net	$	(6,441)	$	93

Other expense, net in 2019 includes a realized loss of $8.2 million related to the sale of the hardware business in 2019 and a $2.0 million realized gain on the sale of an investment.

Supplemental Disclosure of Cash Flow Information


	Years Ended December 31,
	2019		2020
	(In thousands)
Cash paid (received) during the year for:
Interest	$	6,529	$	10,653
Income tax payments	$	103	$	957
Income tax refunds	$	—	$	(70)

Geographic Concentrations

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


	Years Ended December 31,
	2019		2020
	(In thousands)
Revenue:
United States	$	100,275	$	139,826
All other countries		95,740		143,392
Total	$	196,015	$	283,218

The United States is the only country whose revenue is greater than 10 percent of total revenue of the Company for the years ended December 31, 2019 and 2020.


	December 31,
	2019		2020
	(In thousands)
Long-lived assets (excluding goodwill, intangible assets with definite lives and ROU assets):
United States	$	2,766	$	2,549
All other countries		231		772
Total	$	2,997	$	3,321

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2020
Subsequent Event [Line Items]
Subsequent Events [Text Block]	NOTE 4 — SUBSEQUENT EVENT In preparing the consolidated financial statement, management evaluated subsequent events through May 24, 2021, on which date the consolidated financial statement were available for issue.
Vimeo Inc.
Subsequent Event [Line Items]
Subsequent Events [Text Block]	NOTE 16 — SUBSEQUENT EVENTS In January 2021, Vimeo raised $300 million of equity capital via the sale of 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 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. Following the sale, IAC holds 88% of Vimeo’s total outstanding capital stock. In January 2021, Vimeo repaid its outstanding related party debt to IAC in the amount of $99.5 million from the proceeds of the January 2021 primary equity raise described above, including accrued interest of $4.9 million. On February 12, 2021, Vimeo, Inc. entered into a five-year $100 million revolving credit facility (the “Vimeo Credit Facility”), which, if applicable, would be guaranteed by Vimeo’s wholly-owned material domestic subsidiaries and is secured by substantially all assets of Vimeo and any guarantors, subject to certain exceptions. The annual commitment fee on undrawn funds is currently 20 basis points and is based on the consolidated net leverage ratio most recently reported. Borrowings under the Vimeo Credit Facility 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 of not more than 5.5 to 1.0. The Vimeo 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 closing, there were no borrowings under the Vimeo Credit Facility. In February 2021, Vimeo entered into a two-year cloud computing contract that replaces its current contract that expires in April 2021. The new contract expires in February 2023. The total commitment of the new contract is approximately $90.0 million. In preparing these consolidated financial statements, management evaluated subsequent events through February 19, 2021, on which date the consolidated financial statements were available for issue.

VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2020

Vimeo Inc.

SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]

VALUATION AND QUALIFYING ACCOUNTS

Schedule II

VIMEO, INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS


Description	Balance at Beginning of Period		Charges to Earnings		Charges to Other Accounts		Deductions		Balance at End of Period

	(In thousands)
2019
Allowance for credit losses	$	180	$	1,245(a)	$	—	$	(1,152)(b)	$	273
Deferred tax valuation allowance		17,476		18,269(c)		—		—		35,745
Other reserves		807		3
2020
Allowance for credit losses	$	273	$	1,834(a)	$	—	$	(1,631)(b)	$	476
Deferred tax valuation allowance		35,745		15,946(c)		(2)(d)		—		51,689
Other reserves		3		—

(a)

Additions to the allowance for credit losses are charged to expense.

(b)

rite-off of fully reserved accounts receivable.

(c)

mount is due primarily to federal and state NOLs and other carryforwards.

(d)

mount is due to currency translation adjustments on foreign NOLs.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

The Company and Summary of Significant Accounting Policies [Line Items]

Basis of Presentation

The balance sheet is presented in accordance with accounting principles generally accepted in the United States of America.

Principles of Consolidation

Vimeo Inc.

The Company and Summary of Significant Accounting Policies [Line Items]

Accounting Estimates

General Revenue Recognition

Deferred Revenue

Practical Expedients and Exemptions

Assets Recognized from the Costs to Obtain a Contract with a Customer

Revenue Recognition

Vimeo’s disaggregated revenue disclosures are presented in “Note 15 — Consolidated Financial Statement Details.”

Transaction Price

Arrangements with Multiple Performance Obligations

Assets Recognized from the Costs to Obtain a Contract with a Customer

Performance Obligations

Accounts Receivables, Net of Allowance for Credit Losses

Credit Losses

The following table presents the changes in the allowance for credit losses for the year ended December 31, 2020:


	Year Ended
	December 31, 2020
	(In thousands)
Balance at January 1	$	273
Current period provision for credit losses		1,834
Write-offs charged against the allowance		(1,645)
Recoveries collected		14
Balance at December 31	$	476

Deferred Revenue

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

Concentration Risk, Credit Risk, Policy [Policy Text Block]

Certain Risks and Concentrations

Credit Risk

Other Risks

Leasehold Improvements and Equipment


Asset Category		Estimated Useful Lives
Leasehold improvements		7 Years
Office, computer and other equipment		2 to 10 Years

Business Combinations Policy [Policy Text Block]

Business Combinations

Goodwill and Intangible Assets, Policy [Policy Text Block]

Goodwill

February 2020 Valuation of Vimeo Common Shares

Long-Lived Assets and Intangible Assets with Definite Lives

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Value Measurements

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

Advertising Cost Expense [Policy Text Block]

Advertising Costs

Legal cost [policy text block]

Legal Costs

Legal costs are expensed as incurred.

Income Tax, Policy [Policy Text Block]

Income Taxes

Earnings Per Share, Policy [Policy Text Block]

Loss per Share

Foreign Currency Transactions and Translations Policy [Policy Text Block]

Foreign Currency Translation and Transaction Gains and Losses

Share-based Payment Arrangement [Policy Text Block]

Stock-Based Compensation

Recent Accounting Pronouncements

Accounting Pronouncements Adopted by Vimeo

ASU No. 2016‑13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

ASU No. 2019‑12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes

Accounting Pronouncements Not Yet Adopted by Vimeo

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) - Vimeo Inc.

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

The Company and Summary of Significant Accounting Policies [Line Items]

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

The following table presents the changes in the allowance for credit losses for the year ended December 31, 2020:


	Year Ended
	December 31, 2020
	(In thousands)
Balance at January 1	$	273
Current period provision for credit losses		1,834
Write-offs charged against the allowance		(1,645)
Recoveries collected		14
Balance at December 31	$	476

Summary of estimated useful lives of leasehold improvements and equipment


Asset Category		Estimated Useful Lives
Leasehold improvements		7 Years
Office, computer and other equipment		2 to 10 Years


	December 31,
	2019		2020
	(In thousands)
Leasehold improvements	$	3,033	$	3,276
Computer and other equipment		1,213		757
Total leasehold improvements and equipment		4,246		4,033
Accumulated depreciation and amortization		(1,249)		(712)
Leasehold improvements and equipment, net	$	2,997	$	3,321

INCOME TAXES (Tables) - Vimeo Inc.

12 Months Ended

Dec. 31, 2020

Income Taxes [Line Items]

Schedule of Income before Income Taxes

U.S. and foreign (loss) earnings before income taxes are as follows:


	Years Ended
	December 31,
	2019		2020

	(In thousands)
U.S.	$	(76,052)	$	(52,007)
Foreign		820		2,207
Total	$	(75,232)	$	(49,800)

Schedule of Components of Income Tax Expense (Benefit)

The components of the income tax provision are as follows:


	December 31,
	2019		2020
	(In thousands)
Current income tax provision:
Federal	$	—	$	—
State		39		64
Foreign		242		561
Current income tax provision		281		625
Deferred income tax provision:
Federal		—		270
State		—		—
Foreign		64		(67)
Deferred income tax provision		64		203
Income tax provision	$	345	$	828

Schedule of Deferred Tax Assets and Liabilities


	December 31,
	2019		2020

	(In thousands)
Deferred tax assets:
Net operating loss carryforwards .	$	19,411	$	31,721
Tax credit carryforwards		5,464		6,903
Intangible assets with definite lives		3,435		3,992
Disallowed interest carryforwards		2,005		3,705
Stock-based compensation		2,556		3,013
Leasehold improvements and equipment		65		—
Other		4,719		5,477
Total deferred tax assets		37,655		54,811
Less: valuation allowance		(35,745)		(51,689)
Net deferred tax assets		1,910		3,122
Deferred tax liabilities:
Prepaid expenses		(1,316)		(2,345)
Leasehold improvements and equipment		—		(415)
Right-of-use assets		(594)		(343)
Withholding taxes		(47)		(270)
Total deferred tax liabilities		(1,957)		(3,373)
Net deferred tax liability	$	(47)	$	(251)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the income tax provision to the amounts computed by applying the statutory federal income tax rate to earnings before income taxes is shown as follows:


	Years Ended
	December 31,
	2019		2020
	(In thousands)
Income tax benefit at the federal statutory rate of 21%	$	(15,799)	$	(10,458)
State income taxes, net of effect of federal tax benefit		(1,809)		(963)
Change in valuation allowance		18,269		15,944
Stock-based compensation		334		(3,474)
Research credit		(1,049)		(1,439)
Transaction costs		2		640
Other, net		397		578
Income tax provision	$	345	$	828

Schedule of Income Tax Contingencies

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:


	Years Ended
	December 31,
	2019		2020

	(In thousands)
Balance at January 1	$	1,026	$	1,475
Additions based on tax positions related to the prior year		—		538
Settlements		—		(645)
Additions based on tax positions related to the current year		449		553
Balance at December 31	$	1,475	$	1,921

BUSINESS COMBINATIONS (Tables) - Vimeo Inc.

12 Months Ended

Dec. 31, 2020

Business Combination, Separately Recognized Transactions [Line Items]

Schedule of Preliminary Estimated Fair Value of Assets Acquired and Liabilities Assumed

The table below summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition:


	Magisto
	(In thousands)
Accounts receivable	$	3,190
Other current assets		611
Goodwill		142,185
Intangible assets with definite lives		25,900
Total assets		171,886
Other current liabilities		(3,845)
Net assets acquired	$	168,041

Schedule of Preliminary Estimated Fair Value of Intangible Assets Acquired

The fair values of the identifiable intangible assets with definite lives acquired at the date of acquisition are as follows:


	Magisto
			Weighted-
			Average
			Useful
	(In thousands)		Life (Years)
Customer relationships	$	13,800	4
Developed technology		10,100	4
Trade names and trademarks		2,000	2
Total identifiable intangible assets with definite lives acquired	$	25,900

Schedule of Pro Forma Financial Information

The unaudited pro forma financial information includes adjustments required under the acquisition method of accounting and is presented for informational purposes only and is not necessarily indicative of the results that would have been achieved had the acquisition actually occurred on January 1, 2019.


	Year Ended December 31, 2019
	(In thousands,
	except per share
	data)
Revenue	$	207,833
Net loss	$	(78,984)
Basic and diluted loss per share	$	(0.60)

GOODWILL AND INTANGIBLE ASSETS WITH DEFINITIVE LIVES (Tables) - Vimeo Inc.

12 Months Ended

Dec. 31, 2020

Goodwill [Line Items]

Schedule of Goodwill and Intangible Assets, Net

Goodwill and intangible assets with definite lives, net are as follows:


	December 31,
	2019		2020

	(In thousands)
Goodwill	$	219,374	$	219,337
Intangible assets with definite lives, net of accumulated amortization		25,598		10,854
Total goodwill and intangible assets with definite lives, net	$	244,972	$	230,191

Schedule of goodwill by reporting unit

The following table presents the changes in the carrying value of goodwill for the years ended December 31, 2019 and 2020:


	Years Ended December 31,
	2019		2020

	(In thousands)
Balance at January 1	$	77,152	$	219,374
Additions		142,222		—
Deductions		—		(37)
Balance at December 31	$	219,374	$	219,337

Schedule of intangible assets with definite lives

At December 31, 2019 and 2020, intangible assets with definite lives are as follows:


	December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life (Years)
	(In thousands)
Developed technology	$	25,500	$	(13,709)	$	11,791	3.6
Customer relationships		16,200		(3,802)		12,398	3.9
Trade names		3,000		(1,591)		1,409	1.7
Total	$	44,700	$	(19,102)	$	25,598	3.6


	December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life (Years)
	(In thousands)
Developed technology	$	25,500	$	(19,418)	$	6,082	3.6
Customer relationships		16,200		(11,837)		4,363	3.9
Trade names		3,000		(2,591)		409	1.7
Total	$	44,700	$	(33,846)	$	10,854	3.6

Schedule of expected amortization of intangible assets

At December 31, 2020, amortization of intangible assets with definite lives is estimated to be as follows:


Years Ending December 31,	(In thousands)
2021	$	5,582
2022		3,823
2023		1,449
Total	$	10,854

FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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

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


	December 31, 2019
	Quoted Market Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Time deposits	$	—	$	35	$	—	$	35
Total	$	—	$	35	$	—	$	35


	December 31, 2020
	Quoted Market Prices in Active Markets for Identical Assets (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

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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)

Accumulated other comprehensive loss consists of foreign currency translation adjustments:


	Years Ended December 31,
	2019				2020

	Foreign Currency Translation Adjustments		Accumulated Other Comprehensive Loss		Foreign Currency Translation Adjustments		Accumulated Other Comprehensive (Loss) Income

	(In thousands)
Balance at January 1	$	(154)	$	(154)	$	(232)	$	(232)
Other comprehensive (loss) income		(78)		(78)		145		145
Balance at December 31	$	(232)	$	(232)	$	(87)	$	(87)

EARNINGS (LOSS) PER SHARE (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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)

_____________________

The following table sets forth the computation of basic and diluted loss per share:


	Years Ended December 31,
	2019				2020

	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net loss	$	(75,577)	$	(75,577)	$	(50,628)	$	(50,628)
Denominator:
Weighted average basic shares outstanding		130,994		130,994		142,426		142,426
Dilutive securities(a)		—		—		—		—
Denominator for earnings per share – weighted average shares(a)		130,994		130,994		142,426		142,426
Basic and diluted loss per share:
Basic and diluted loss per share(b)	$	(0.58)	$	(0.58)	$	(0.36)	$	(0.36)

(a)

hares of Vimeo Class A Voting common stock and shares of Class B Non-Voting common stock participate in earnings on the same basis.

LEASES (Tables) - Vimeo Inc.

12 Months Ended

Dec. 31, 2020

Lessee, Lease, Description [Line Items]

Schedule of Supplemental Balance Sheet Information of Leases


		December 31,
Leases	Balance Sheet Classification	2019		2020

		(In thousands)
Assets:
Right-of-use assets	Other non-current assets	$	2,588	$	1,588
Liabilities:
Current lease liabilities	Accrued expenses and other current liabilities	$	1,294	$	642
Long-term lease liabilities	Other long-term liabilities		3,287		1,027
Total lease liabilities		$	4,581	$	1,669

Schedule of Lease Cost and Other Information

		Years Ended December 31,
Lease Expense	Income Statement Classification	2019		2020

		(In thousands)
Fixed lease expense	Cost of revenue	$	52	$	31
Fixed lease expense	Research and development expense		413		446
Fixed lease expense	Sales and marketing expense		173		187

Fixed lease expense	General and administrative expense		3,264		648

Total lease expense, net(a)		$	3,902	$	1,312

(a)


	Years Ended December 31,
	2019		2020
	(In thousands)
Other Information:
Right-of-use assets obtained in exchange for lease liabilities	$	829	$	1,322
Cash paid for amounts included in the measurement of lease liabilities	$	1,778	$	3,601

Schedule of Maturities of Operating Lease Liabilities

Maturities of lease liabilities as of December 31, 2020 (in thousands)(b):


Years Ended December 31,	(In thousands)
2021	$	682
2022		598
2023		456
Total		1,736
Less: interest		67
Present value of lease liabilities	$	1,669

(a)

A of December 31, 2020, the Company had no legally binding minimum lease payments for leases signed but not yet commenced.

Schedule of Weighted-Average Lease Term and Discount Rate of Leases

The following are the weighted average assumptions used for lease term and discount rate as of December 31, 2019 and 2020:


	December 31,
	2019		2020
Remaining lease term	3.69 years		2.73 years
Discount rate	5.63	%	2.97	%

RELATED PARTY TRANSACTIONS (Tables) - Vimeo Inc.

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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

Debt — related party consists of:


	December 31,
	2019		2020

	(In thousands)
Promissory notes due on demand – related party:
Promissory note due on demand – related party	$	35,457	$	—
Promissory note due on demand – related party		24,296		44,565
Total promissory notes due on demand – related party		59,753		44,565
Promissory note due May 2, 2023 – related party		37,706		50,000
Total debt — related party	$	97,459	$	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 following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes:


	December 31, 2019				December 31, 2020
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value

	(In thousands)
Promissory notes due on demand – related party	$	59,753	$	59,753	$	44,565	$	44,565
Long-term debt – related party	$	37,706	$	43,487	$	50,000	$	54,545

Summary of debt maturities

Debt maturities as of December 31, 2020 are summarized in the table below:


Years Ending December 31,	(In thousands)
2021	$	44,565
2023		50,000
Total	$	94,565

CONSOLIDATED FINANCIAL STATEMENT DETAILS (Tables) - Vimeo Inc.

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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


	January 1,		December 31,		December 31,
	2019		2019		2020

	(In thousands)
Cash and cash equivalents	$	985	$	1,939	$	110,011
Restricted cash included in other current assets		23		24		26
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$	1,008	$	1,963	$	110,037

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


	January 1,		December 31,		December 31,
	2019		2019		2020

	(In thousands)
Cash and cash equivalents	$	985	$	1,939	$	110,011
Restricted cash included in other current assets		23		24		26
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$	1,008	$	1,963	$	110,037

Schedule of Other Current Assets


	December 31,
	2019		2020
	(In thousands)
Prepaid expenses	$	2,884	$	4,027
Capitalized costs to obtain a contract with a customer		1,668		2,726
Other		1,846		1,179
Total other current assets	$	6,398	$	7,932

Schedule of Leasehold Improvements and Equipment, net


Asset Category		Estimated Useful Lives
Leasehold improvements		7 Years
Office, computer and other equipment		2 to 10 Years


	December 31,
	2019		2020
	(In thousands)
Leasehold improvements	$	3,033	$	3,276
Computer and other equipment		1,213		757
Total leasehold improvements and equipment		4,246		4,033
Accumulated depreciation and amortization		(1,249)		(712)
Leasehold improvements and equipment, net	$	2,997	$	3,321

Schedule of Accrued Expenses and Other Current Liabilities


	December 31,
	2019		2020
	(In thousands)
Accrued employee compensation and benefits	$	9,090	$	18,881
Accrued hosting fees		10,741		4,953
Other		23,456		23,598
Total accrued expenses and other current liabilities	$	43,287	$	47,432

Schedule of Other (Expense) Income, net

Other income (expense), net


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


	Years Ended December 31,
	2019		2020
	(In thousands)
Other (expense) income, net	$	(6,441)	$	93

Schedule of Supplemental Disclosure of Cash Flow Information


	Years Ended December 31,
	2019		2020
	(In thousands)
Cash paid (received) during the year for:
Interest	$	6,529	$	10,653
Income tax payments	$	103	$	957
Income tax refunds	$	—	$	(70)

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

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


	Years Ended December 31,
	2019		2020
	(In thousands)
Revenue:
United States	$	100,275	$	139,826
All other countries		95,740		143,392
Total	$	196,015	$	283,218

The United States is the only country whose revenue is greater than 10 percent of total revenue of the Company for the years ended December 31, 2019 and 2020.


	December 31,
	2019		2020
	(In thousands)
Long-lived assets (excluding goodwill, intangible assets with definite lives and ROU assets):
United States	$	2,766	$	2,549
All other countries		231		772
Total	$	2,997	$	3,321

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Revenue (Details) - Vimeo Inc. - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Capitalized Contract Cost, Amortization			$ 7.7	$ 5.0
Capitalized Contract Cost, Net, Current			2.7	1.7	$ 0.5
Capitalized Contract Cost, Net, Noncurrent			4.9	2.2		$ 1.1
Deferred revenue recognized during period	$ 65.6	$ 38.9	$ 84.1	$ 66.8
Minimum [Member]
Subscription period			1 month
Maximum [Member]
Subscription period			3 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Credit Losses (Details) - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at January 1	$ 476	$ 273	$ 273	$ 273
Current period provision for credit losses	82	824	1,834	1,245
Write-offs charged against the allowance	(58)	(251)	(1,645)
Recoveries collected			14
Balance at March 31	$ 500	$ 846	$ 476	$ 273

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Deferred Revenue (Details) - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Jan. 01, 2019
Contract with Customer, Liability, Current	$ 147,766		$ 137,436	$ 83,944	$ 66,800
Contract with Customer, Liability, Noncurrent	900		800	700	$ 600
Contract with Customer, Liability, Revenue Recognized	$ 65,600	$ 38,900	$ 84,100	$ 66,800

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Leasehold Improvements and Equipmnent (Details) - Vimeo Inc.	12 Months Ended
	Dec. 31, 2020
Leasehold improvements
Leasehold Improvements and Equipment
Estimated Useful Lives	7 years
Office, computer and other equipment \| Minimum [Member]
Leasehold Improvements and Equipment
Estimated Useful Lives	2 years
Office, computer and other equipment \| Maximum [Member]
Leasehold Improvements and Equipment
Estimated Useful Lives	10 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Advertising Cosots (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Vimeo Inc.
Advertising costs	$ 65.4	$ 60.1

INCOME TAXES - Narrative (Details) - Vimeo Inc. - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Deferred Tax Assets, Operating Loss Carryforwards, Components [Abstract]
Tax credit carryforwards	$ 8.8
Tax credit carryforwards related to research and development	6.8
Valuation Allowance [Abstract]
Increase in valuation allowance	15.9
Valuation allowance at end of period	51.7
Income Taxes Paid, Net [Abstract]
Unrecognized tax benefits, income tax penalties and interest accrued	1.9	$ 1.5
Change in unrecognized tax benefits unrelated to Federal income taxes statute of limitations expiring within twelve months of current reporting period	(0.4)
Federal Tax Authority
Deferred Tax Assets, Operating Loss Carryforwards, Components [Abstract]
Net operating loss carryforwards	130.9
Net operating loss carryforwards subject to expiration within 20 years	27.0
Net operating loss carryforwards not subject to expiration	103.9
Net operating loss carryforwards without restrictions	117.3
State Tax Authority
Deferred Tax Assets, Operating Loss Carryforwards, Components [Abstract]
Net operating loss carryforwards	70.1
Net operating loss carryforwards without restrictions	57.2
Foreign Tax Authority
Deferred Tax Assets, Operating Loss Carryforwards, Components [Abstract]
Net operating loss carryforwards not subject to expiration	0.2
Tax credit carryforwards	$ 2.0

INCOME TAXES - Income before Income Taxes (Details) - Vimeo Inc. - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Taxes [Line Items]
U.S.	$ (52,007)	$ (76,052)
Foreign	2,207	820
Earnings (loss) before income taxes	$ (49,800)	$ (75,232)

INCOME TAXES - Components of Income Tax Expense (Details) - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Current income tax (benefit) provision:
State			$ 64	$ 39
Foreign			561	242
Current income tax (benefit) provision			625	281
Deferred income tax (benefit) provision:
Federal			270
Foreign			(67)	64
Deferred income tax (benefit) provision			203	64
Income tax (benefit) provision	$ 385	$ 555	$ 828	$ 345

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - Vimeo Inc. - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Net operating loss carryforwards	$ 31,721	$ 19,411
Tax credit carryforwards	6,903	5,464
Intangible assets with definite lives	3,992	3,435
Disallowed interest carryforwards	3,705	2,005
Stock-based compensation	3,013	2,556
Leasehold improvements and equipment		65
Other	5,477	4,719
Total deferred tax assets	54,811	37,655
Less: valuation allowance	(51,689)	(35,745)
Net deferred tax assets	3,122	1,910
Deferred tax liabilities:
Prepaid expenses	(2,345)	(1,316)
Leasehold improvements and equipment	(415)
Right-of-use assets	(343)	(594)
Withholding taxes	(270)	(47)
Total deferred tax liabilities	(3,373)	(1,957)
Net deferred tax liabilities	$ (251)	$ (47)

INCOME TAXES - Effective Income Tax Rate Reconciliation (Details) - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Income Taxes [Line Items]
Income tax provision (benefit) at the federal statutory rate of 21%			$ (10,458)	$ (15,799)
State income taxes, net of effect of federal tax benefit			(963)	(1,809)
Change in valuation allowance on capital losses			15,944	18,269
Stock-based compensation			(3,474)	334
Research credit			(1,439)	(1,049)
Non-deductible expenses			640	2
Other, net			578	397
Income tax (benefit) provision	$ 385	$ 555	$ 828	$ 345

INCOME TAXES - Income Tax Contingencies (Details) - Vimeo Inc. - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns
Balance at beginning of the period	$ 1,475	$ 1,026
Additions for tax positions of prior years	538
Settlements	(645)
Additions based on tax positions related to the current year	553	449
Balance at end of the period	$ 1,921	$ 1,475

BUSINESS COMBINATION - Fair values of the assets acquired and liabilities (Details) - Vimeo Inc. - USD ($) $ in Thousands	May 28, 2019	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill		$ 219,337	$ 219,337	$ 219,374	$ 77,152
Magisto
Business Acquisition [Line Items]
Total cash consideration	$ 168,000
Accounts receivable	3,190
Other current assets	611
Goodwill	142,185
Intangible assets with definite lives	25,900
Total assets	171,886
Other current liabilities	(3,845)
Net assets acquired	$ 168,041

BUSINESS COMBINATION - Fair values of the identifiable intangible assets with definite lives acquired (Details) - Vimeo Inc. - Magisto $ in Thousands	May 28, 2019 USD ($)
Business Acquisition [Line Items]
Total identifiable intangible assets with definite lives acquired	$ 25,900
Customer relationships
Business Acquisition [Line Items]
Total identifiable intangible assets with definite lives acquired	$ 13,800
Weighted Average Useful Life	4 years
Developed technology
Business Acquisition [Line Items]
Total identifiable intangible assets with definite lives acquired	$ 10,100
Weighted Average Useful Life	4 years
Trade names and trademarks
Business Acquisition [Line Items]
Total identifiable intangible assets with definite lives acquired	$ 2,000
Weighted Average Useful Life	2 years

BUSINESS COMBINATION - Narrative (Details) - Vimeo Inc. - Magisto $ in Millions	May 28, 2019 USD ($)
Business Acquisition [Line Items]
Net losses	$ 9.2
Revenue	$ 15.3

BUSINESS COMBINATION - Unaudited Pro Forma Financial Information (Details) - Vimeo Inc. - Magisto $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019 USD ($) $ / shares
Business Acquisition [Line Items]
Revenue	$ 207,833
Net loss	$ (78,984)
Business Acquisition Pro Forma Earnings Per Share Basic And Diluted \| $ / shares	$ (0.60)

GOODWILL AND INTANGIBLE ASSETS WITH DEFINITE LIVES - Goodwill and intangible assets with definite lives, net (Details) - Vimeo Inc. - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 219,337	$ 219,337	$ 219,374	$ 77,152
Intangible assets with definite lives, net of accumulated amortization		10,854	25,598
Total goodwill and intangible assets with definite lives, net		$ 230,191	$ 244,972

GOODWILL AND INTANGIBLE ASSETS WITH DEFINITE LIVES - Changes in the carrying value of goodwill (Details) - Vimeo Inc. - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Balance at January 1	$ 219,374	$ 77,152
Additions		142,222
Deductions	(37)
Balance at December 31	$ 219,337	$ 219,374

GOODWILL AND INTANGIBLE ASSETS WITH DEFINITE LIVES - Intangible assets with definite lives (Details) - Vimeo Inc. - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Mar. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 44,700	$ 44,700
Accumulated Amortization	(33,846)	(19,102)	$ (35,733)
Net	$ 10,854	$ 25,598
Weighted Average Useful Life (Years)	3 years 7 months 6 days	3 years 7 months 6 days
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 25,500	$ 25,500
Accumulated Amortization	(19,418)	(13,709)
Net	$ 6,082	$ 11,791
Weighted Average Useful Life (Years)	3 years 7 months 6 days	3 years 7 months 6 days
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 16,200	$ 16,200
Accumulated Amortization	(11,837)	(3,802)
Net	$ 4,363	$ 12,398
Weighted Average Useful Life (Years)	3 years 10 months 24 days	3 years 10 months 24 days
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 3,000	$ 3,000
Accumulated Amortization	(2,591)	(1,591)
Net	$ 409	$ 1,409
Weighted Average Useful Life (Years)	1 year 8 months 12 days	1 year 8 months 12 days

GOODWILL AND INTANGIBLE ASSETS WITH DEFINITE LIVES - Amortization of intangible assets with definite lives (Details) - Vimeo Inc. - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
2021	$ 5,582
2022	3,823
2023	1,449
Total	$ 10,854	$ 25,598

FAIR VALUE MEASUREMENTS (Details) - Vimeo Inc. - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets:
Cash equivalents	$ 305,368	$ 105,396	$ 35
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	35
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
Time deposits
Assets:
Cash equivalents	138	544	35
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	$ 35

SHAREHOLDERS' EQUITY (Details) $ / shares in Units, $ in Millions		1 Months Ended	3 Months Ended	12 Months Ended
	Nov. 10, 2020 USD ($) $ / shares shares	Jan. 31, 2021 USD ($)	Mar. 31, 2021 vote shares	Dec. 31, 2020 Vote shares	Apr. 16, 2020 shares	Apr. 15, 2020 shares	Dec. 31, 2019 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 \| $	$ 150,000	$ 300
Number of shares issued in sale of equity capital (in shares)	8,700,000
Price per share of stock issued in sale of equity capital (in dollars per share) \| $ / shares	$ 17.33
Enterprise valuation of Vimeo \| $	$ 2,750
Common Class A [Member]
Shareholders' Equity [Line Items]
Votes per each share of stock			1	1
Common stock authorized (in shares)			1,600,000,000	1,600,000,000
Common Class A [Member] \| Vimeo Inc.
Shareholders' Equity [Line Items]
Votes per each share of stock			1	1
Common stock authorized (in shares)			150,000,000	150,000,000	150,000,000	75,000,000	75,000,000
Common Class B [Member]
Shareholders' Equity [Line Items]
Votes per each share of stock			10	10
Common stock authorized (in shares)			400,000,000	400,000,000
Common Class B [Member] \| Vimeo Inc.
Shareholders' Equity [Line Items]
Common stock authorized (in shares)			150,000,000	150,000,000	150,000,000	75,000,000	75,000,000
IAC \| Vimeo Inc.
Shareholders' Equity [Line Items]
Ownership percentage			88.00%	93.20%
IAC \| Common Class A [Member] \| Vimeo Inc.
Shareholders' Equity [Line Items]
Ownership percentage			81.00%	89.70%
IAC \| Common Class B [Member] \| Vimeo Inc.
Shareholders' Equity [Line Items]
Ownership percentage			97.60%	97.60%

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Loss
Balance at beginning of period	$ 0
Balance at end of period	10.00		$ 0
Vimeo Inc.
Accumulated Other Comprehensive Loss
Balance at beginning of period	85,080,000	$ 23,633,000	23,633,000	$ (75,858,000)
Balance at end of period	389,134,000	5,836,000	85,080,000	23,633,000
Tax benefit or provision on the accumulated other comprehensive loss			0	0
Foreign Currency Translation Adjustments \| Vimeo Inc.
Accumulated Other Comprehensive Loss
Balance at beginning of period	(87,000)	(232,000)	(232,000)	(154,000)
Other comprehensive loss	(22,000)	(120,000)	145,000	(78,000)
Balance at end of period			(87,000)	(232,000)
Accumulated Other Comprehensive Loss \| Vimeo Inc.
Accumulated Other Comprehensive Loss
Balance at beginning of period	(87,000)	(232,000)	(232,000)	(154,000)
Other comprehensive loss			145,000	(78,000)
Balance at end of period	$ (109,000)	$ (352,000)	$ (87,000)	$ (232,000)

- Definition

+ References + Details

EARNINGS (LOSS) PER SHARE (Details) - Vimeo Inc. - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Numerator, Basic
Net earnings (loss) attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders	$ 3,313	$ (20,260)	$ (50,628)	$ (75,577)
Numerator, Diluted
Net earnings (loss) attributable to Class A Voting common stock and Class B Non-Voting common stock shareholders	$ 3,313	$ (20,260)	$ (50,628)	$ (75,577)
Denominator, Basic
Weighted average basic shares outstanding (shares)	156,480	141,063	142,426	130,994
Denominator, Diluted
Weighted average basic shares outstanding (shares)	156,480	141,063	142,426	130,994
Denominator for earnings (loss) per share—weighted average shares (shares)	165,888	141,063	142,426	130,994
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)	$ (0.36)	$ (0.58)
Diluted earnings (loss) per share (USD per share)	$ 0.02	$ (0.14)	$ (0.36)	$ (0.58)
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)		15,900	14,000	13,500

STOCK-BASED COMPENSATION - Plan (Details) - Vimeo Inc. shares in Thousands, $ in Thousands	2 Months Ended	3 Months Ended		10 Months Ended	12 Months Ended
	Dec. 31, 2020 USD ($) installment plan shares	Mar. 31, 2021 USD ($)	Mar. 31, 2020 USD ($)	Oct. 31, 2020 shares	Dec. 31, 2020 USD ($) installment plan shares	Dec. 31, 2019 USD ($) shares
STOCK-BASED COMPENSATION
Number of active stock-based compensation plans \| plan	1				1
Issuance of common stock to IAC/InterActiveCorp as reimbursement for settlement of Vimeo, Inc. stock appreciation rights (shares) \| shares				265		50
Payment of withholding taxes on behalf of employees	$ 9,300	$ 4,733	$ 582		$ 10,125	$ 266
Reimbursement to IAC/InterActiveCorp for IAC common shares issued to settle Vimeo stock appreciation rights that were exercised in November and December of 2020	11,600				11,634
Unrecognized compensation cost	12,400				$ 12,400
Unrecognized compensation cost recognition period					2 years 8 months 12 days
Tax benefit recognized related to stock-based compensation					$ 0	0
Stock Appreciation Rights (SARs) [Member]
STOCK-BASED COMPENSATION
Intrinsic value of awards exercised	$ 21,000				$ 23,900	$ 600
The Plan
STOCK-BASED COMPENSATION
Shares available for grant \| shares	11,100				11,100
The Plan \| Stock Appreciation Rights (SARs) [Member]
STOCK-BASED COMPENSATION
Number of annual vesting installments \| installment	4				4
Vesting period					4 years
The Plan \| Restricted Stock Units (RSUs) [Member] \| Maximum [Member]
STOCK-BASED COMPENSATION
Vesting period					4 years
The Plan \| Restricted Stock Units (RSUs) [Member] \| Minimum [Member]
STOCK-BASED COMPENSATION
Vesting period					1 year

STOCK-BASED COMPENSATION - SAR Rollforward (Details) - Vimeo Inc. - Stock Appreciation Rights (SARs) [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		2 Months Ended	12 Months Ended
	Jan. 29, 2021	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 30, 2020
Stock appreciation rights
Outstanding at January 1, 2020 (shares)			13,461
Granted (shares)			3,993
Exercised (shares)			(2,887)
Forfeited (shares)			(636)
Expired (shares)			(34)
Outstanding at December 31, 2020 (shares)		13,897	13,897	13,461
Exercisable (shares)		4,103	4,103
Weighted average exercise price
Outstanding at January 1, 2020 (USD per share)			$ 5.73
Granted (USD per share)			7.68
Exercised (USD per share)			4.95
Forfeited (USD per share)			6.29
Expired (USD per share)			6.43
Outstanding at December 31, 2020 (USD per share)		$ 6.42	6.42	$ 5.73
Exercisable (USD per share)		$ 5.42	$ 5.42
Weighted average remaining contractual term in years
Outstanding at December 31, 2020			7 years 10 months 24 days
Exercisable			6 years 7 months 6 days
Aggregate intrinsic value
Outstanding	$ 405,100	$ 151,614	$ 151,614
Exercisable		48,854	48,854
Other disclosures
Share price used to calculate intrinsic value (USD / share)	$ 35.35				$ 17.33
Enterprise Valuation of Company	$ 6,000,000
Amount to pay if outstanding awards are settled, ne of tax	$ 202,600
Tax rate of if outstanding awards were to be settled	50.00%
Intrinsic value of awards exercised		$ 21,000	$ 23,900	$ 600
Weighted average grant date fair value granted			$ 2.16	$ 2.14

STOCK-BASED COMPENSATION - SAR Outstanding and Exercisable (Details) - Vimeo Inc. - USD ($) $ / shares in Units, shares in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Stock Appreciation Rights (SARs) [Member]
Awards outstanding
Outstanding at December 31, 2020 (shares)	13,897	13,461
Weighted- average remaining contractual life in years	7 years 10 months 24 days
Weighted- average exercise price (USD per share)	$ 6.42	$ 5.73
Awards exercisable
Exercisable at December 31, 2020 (shares)	4,103
Weighted- average remaining contractual life in years	6 years 7 months 6 days
Weighted- average exercise price (USD per share)	$ 5.42
Stock appreciation rights exercise price - $2.01 and $4.00
STOCK-BASED COMPENSATION
Exercise price, floor (USD/share)	$ 2.01
Exercise price, ceiling (USD/share)	$ 4.00
Awards outstanding
Outstanding at December 31, 2020 (shares)	12
Weighted- average remaining contractual life in years	5 years 3 months 18 days
Weighted- average exercise price (USD per share)	$ 2.48
Awards exercisable
Exercisable at December 31, 2020 (shares)	12
Weighted- average remaining contractual life in years	5 years 3 months 18 days
Weighted- average exercise price (USD per share)	$ 2.48
Stock appreciation rights exercise price - $4.01 and $6.00
STOCK-BASED COMPENSATION
Exercise price, floor (USD/share)	$ 4.01
Exercise price, ceiling (USD/share)	$ 6.00
Awards outstanding
Outstanding at December 31, 2020 (shares)	4,078
Weighted- average remaining contractual life in years	6 years 3 months 18 days
Weighted- average exercise price (USD per share)	$ 4.90
Awards exercisable
Exercisable at December 31, 2020 (shares)	2,913
Weighted- average remaining contractual life in years	6 years 2 months 12 days
Weighted- average exercise price (USD per share)	$ 4.92
Stock appreciation rights exercise price - $6.01 and $8.00
STOCK-BASED COMPENSATION
Exercise price, floor (USD/share)	$ 6.01
Exercise price, ceiling (USD/share)	$ 8.00
Awards outstanding
Outstanding at December 31, 2020 (shares)	9,481
Weighted- average remaining contractual life in years	8 years 6 months
Weighted- average exercise price (USD per share)	$ 6.70
Awards exercisable
Exercisable at December 31, 2020 (shares)	1,178
Weighted- average remaining contractual life in years	7 years 8 months 12 days
Weighted- average exercise price (USD per share)	$ 6.71
Stock appreciation rights exercise price - greater than $8.00
STOCK-BASED COMPENSATION
Exercise price, floor (USD/share)	$ 8.01
Awards outstanding
Outstanding at December 31, 2020 (shares)	326
Weighted- average remaining contractual life in years	9 years 10 months 24 days
Weighted- average exercise price (USD per share)	$ 17.33

STOCK-BASED COMPENSATION - SAR Valuation Assumptions (Details) - Vimeo Inc. - Stock Appreciation Rights (SARs) [Member] - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Weighted average assumptions used in the Black-Scholes option pricing model
Expected volatility	38.00%	41.00%
Risk-free interest rate	1.00%	1.80%
Expected term	3 years 3 months 18 days	3 years 4 months 24 days
Dividend yield	$ 0	$ 0

STOCK-BASED COMPENSATION - RSUs (Details) - Vimeo Inc. - Restricted Stock Units (RSUs) [Member] shares in Thousands	12 Months Ended
	Dec. 31, 2020 $ / shares shares
Number of Shares
Granted (shares)	88
Vested (shares)	0
Unvested on January 1, 2020 (shares)	88
Weighted Average Grant Date Fair Value
Granted (USD per share) \| $ / shares	$ 17.33
Unvested at December 31, 2020 (USD per share) \| $ / shares	$ 17.33

STOCK-BASED COMPENSATION - IAC Awards (Details) - Vimeo Inc. - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
IAC denominated stock options
STOCK-BASED COMPENSATION
Stock options granted (shares)	0	0
Vesting period	4 years
Expiration period	10 years
IAC denominated stock options \| Maximum [Member]
STOCK-BASED COMPENSATION
Stock options outstanding (shares)	100,000	100,000
IAC denominated restricted stock units
STOCK-BASED COMPENSATION
RSUs outstanding (shares)	0	2,000

LEASES - Balance Sheet Information (Details) - Vimeo Inc. - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets [Abstract]
Other non-current assets	$ 1,588	$ 2,588
Liabilities [Abstract]
Current lease liabilities	642	1,294
Long-term lease liabilities	1,027	3,287
Total lease liabilities	$ 1,669	$ 4,581
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets, Noncurrent
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent

LEASES - Lease Cost (Details) - Vimeo Inc. - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 1,312	$ 3,902
Vacating office space cost		2,100
Short-term lease cost	300	200
Sublease income	100	200
Variable lease cost	100	100
Cost of revenue
Lessee, Lease, Description [Line Items]
Operating lease cost	31	52
Research and development expense
Lessee, Lease, Description [Line Items]
Operating lease cost	446	413
Sales and marketing expense
Lessee, Lease, Description [Line Items]
Operating lease cost	187	173
General and administrative expense
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 648	$ 3,264

LEASES - Operating Lease Liabilities Maturities (Details) - Vimeo Inc. - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
2021	$ 682,000
2022	598,000
2023	456,000
Total	1,736,000
Less: Interest	67,000
Present value of lease liabilities	1,669,000	$ 4,581,000
Lease payments for leases signed but not yet commenced	$ 0

LEASES - Weighted-Average Remaining Term and Discount Rate (Details) - Vimeo Inc.	Dec. 31, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Remaining lease term (in years)	2 years 8 months 23 days	3 years 8 months 9 days
Discount rate (as a percent)	2.97%	5.63%

LEASES - Other Information (Details) - Vimeo Inc. - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Right-of-use assets obtained in exchange for lease liabilities	$ 1,322	$ 829
Cash paid for amounts included in the measurement of lease liabilities	$ 3,601	$ 1,778

COMMITMENTS AND CONTINGENCIES - Commercial Commitments Outstanding (Details) - Purchase obligations - Vimeo Inc. $ in Thousands	Dec. 31, 2020 USD ($)
Other Commitments [Line Items]
Less Than 1 Year	$ 14,916
1-3 Years	498
Total Amounts Committed	$ 15,414

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - Vimeo Inc.	12 Months Ended
	Dec. 31, 2020 USD ($)
Other Commitments [Line Items]
Loss contingency accrual	$ 0
Purchase Commitment - Two Year Cloud Computing
Other Commitments [Line Items]
Commercial commitments due in the next twelve months	$ 14,400,000
Term of commercial commitment (in years)	2 years

RELATED PARTY TRANSACTIONS - Debt (Details) - Vimeo Inc. - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Promissory notes		$ 94,565
Promissory note due on demand-related party
Related Party Transaction [Line Items]
Promissory notes		44,565	$ 59,753
Related Promissory Note Due On Demand, Two [Member]
Related Party Transaction [Line Items]
Promissory notes		44,565	24,296
Promissory note due May 2, 2023-related party
Related Party Transaction [Line Items]
Promissory notes		50,000	37,706
IAC
Related Party Transaction [Line Items]
Promissory notes	$ 0	94,565	97,459
IAC \| Promissory note due on demand-related party
Related Party Transaction [Line Items]
Promissory notes	0	44,565
IAC \| Related Promissory Note Due On Demand, One [Member]
Related Party Transaction [Line Items]
Promissory notes			$ 35,457
IAC \| 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	Dec. 31, 2019
Carrying Value
Related Party Transaction [Line Items]
Promissory note due on demand-related party	$ 0	$ 44,565	$ 59,753
Long-term debt-related party	0	50,000	37,706
Fair Value
Related Party Transaction [Line Items]
Promissory note due on demand-related party	0	44,565	59,753
Long-term debt-related party	$ 0	$ 54,545	$ 43,487

RELATED PARTY TRANSACTIONS - Debt maturities (Details) - Vimeo Inc. - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
2021	$ 0	$ 44,565	$ 59,753
2023	$ 0	50,000	$ 37,706
Total		$ 94,565

RELATED PARTY TRANSACTIONS - Narrative (Details) - Vimeo Inc. - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Jan. 31, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Compensation expense		$ 4,912	$ 2,016	$ 11,665	$ 5,291
Repayment of outstanding related party debt		94,565	0	35,457
IAC
Related Party Transaction [Line Items]
Compensation expense		1,000	800	6,100	2,500
Due to related party		$ 3,000		17,600
Repayment of outstanding related party debt	$ 99,500
Accrued interest payable, related parties				$ 4,200	5,700
IAC \| Promissory note due on demand-related party
Related Party Transaction [Line Items]
Interest rate, stated percentage		10.00%		10.00%
IAC \| Promissory note due May 2, 2023-related party
Related Party Transaction [Line Items]
Promissory not borrowing capacity				$ 50,000
Interest rate, stated percentage		10.00%		10.00%
IAC \| IAC Health and Welfare Benefit Plans
Related Party Transaction [Line Items]
Expenses incurred with related party		$ 2,700	2,700	$ 10,300	$ 9,300
IAC \| IAC Headquarters Occupancy
Related Party Transaction [Line Items]
Expenses incurred with related party		$ 900	$ 1,100	$ 3,800

BENEFIT PLANS (Details) - Vimeo Inc. - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2020	Dec. 31, 2019
United States
Defined Contribution Plan Disclosure [Line Items]
Participating employee may contribute (as a percent)		50.00%	50.00%
Company match (as a percent)	100.00%
Maximum matching contribution as percentage to employee compensation	10.00%	6.00%
Marching contributions			$ 3.6	$ 2.2
Foreign Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Marching contributions			$ 0.3	$ 0.3

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	Dec. 31, 2018
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 316,305	$ 110,011	$ 3,245	$ 1,939	$ 985
Restricted cash included in other current assets	223	26	22	24	23
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	$ 1,008

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Other Current Assets (Details) - Vimeo Inc. - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Current Assets
Prepaid expenses		$ 4,027	$ 2,884
Capitalized costs to obtain a contract with a customer	$ 3,000	2,726	1,668
Other		1,179	1,846
Total other current assets	$ 11,335	$ 7,932	$ 6,398

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Leasehold Improvements and Equipment, net (Details) - Vimeo Inc. - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Total leasehold improvements and equipment		$ 4,033	$ 4,246
Accumulated depreciation and amortization	$ (822)	(712)	(1,249)
Leasehold improvements and equipment, net	$ 3,320	3,321	2,997
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total leasehold improvements and equipment		3,276	3,033
Computer and other equipment
Property, Plant and Equipment [Line Items]
Total leasehold improvements and equipment		$ 757	$ 1,213

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Accrued Expenses and Other Current Liabilities (Details) - Vimeo Inc. - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accrued Expenses and Other Current Liabilities
Accrued employee compensation and benefits		$ 18,881	$ 9,090
Accrued hosting fees		4,953	10,741
Other		23,598	23,456
Total accrued expenses and other current liabilities	$ 40,102	$ 47,432	$ 43,287

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Other (Expense) Income, net (Details) - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Condensed Income Statements, Captions [Line Items]
Other (expense) income, net	$ 10,086	$ (59)	$ 93	$ (6,441)
Loss on the sale of business				(8,234)
Gain on the sale of an investment			288	1,997
Net foreign exchange losses		$ (100)	700
Disposal Group, Held-for-sale, Not Discontinued Operations \| Hardware Business
Condensed Income Statements, Captions [Line Items]
Loss on the sale of business	$ 10,200			$ (8,200)
Magisto
Condensed Income Statements, Captions [Line Items]
Income related to funds released from escrow			$ 500

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Supplemental Disclosure of Cash Flow Information (Details) - Vimeo Inc. - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash paid (received) during the year for:
Interest	$ 10,653	$ 6,529
Income tax payments	957	$ 103
Income tax refunds	$ (70)

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Revenue and Long-Lived Assets (Details) - Vimeo Inc. - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 89,422	$ 56,968	$ 283,218	$ 196,015
Leasehold improvements and equipment, net	3,320		3,321	2,997
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	48,141	$ 29,612	139,826	100,275
Leasehold improvements and equipment, net	$ 2,465		$ 2,549	$ 2,766
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%	10.00%	10.00%
All other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 41,281	$ 27,356	$ 143,392	$ 95,740
Leasehold improvements and equipment, net	$ 855		$ 772	$ 231

- Definition

+ References

+ Details

SUBSEQUENT EVENTS (Details) - Vimeo Inc. - USD ($) $ / shares in Units, shares in Millions			1 Months Ended		3 Months Ended		12 Months Ended
	Feb. 12, 2021	Nov. 10, 2020	Feb. 28, 2021	Jan. 31, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Revolving Credit Facility [Line Items]
Repayment of outstanding related party debt					$ 94,565,000	$ 0	$ 35,457,000
Cloud Computing Contract [Member]
Revolving Credit Facility [Line Items]
Contract term			2 years
Total commitment amount			$ 90,000,000
IAC
Revolving Credit Facility [Line Items]
Repayment of outstanding related party debt				$ 99,500,000
Payment of accrued interest				4,900,000
Revolving Credit Facility \| Vimeo Credit Facility
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
Sale of Equity Capital
Revolving Credit Facility [Line Items]
Proceeds raised from sale of equity capital		$ 150,000,000,000		300,000,000
Number of shares issued in sale of equity capital (in shares)		8.7
Price per share of stock issued in sale of equity capital (in dollars per share)		$ 17.33
Enterprise valuation of Vimeo		$ 2,750,000,000
Sale of Equity Capital, First Raise \| Common Class A [Member]
Revolving Credit Facility [Line Items]
Proceeds raised from sale of equity capital				$ 200,000,000
Number of shares issued in sale of equity capital (in shares)				6.2
Price per share of stock issued in sale of equity capital (in dollars per share)				$ 32.41
Enterprise valuation of Vimeo				$ 5,200,000,000
Sale of Equity Capital, Second Raise \| Common Class A [Member]
Revolving Credit Facility [Line Items]
Proceeds raised from sale of equity capital				$ 100,000,000
Number of shares issued in sale of equity capital (in shares)				2.8
Price per share of stock issued in sale of equity capital (in dollars per share)				$ 35.35
Enterprise valuation of Vimeo				$ 5,700,000,000
Subsequent Event [Member] \| IAC
Revolving Credit Facility [Line Items]
Repayment of outstanding related party debt				99,500,000
Payment of accrued interest				$ 4,900,000
Subsequent Event [Member] \| Vimeo Holdings
Revolving Credit Facility [Line Items]
Ownership percentage				88.00%
Subsequent Event [Member] \| Revolving Credit Facility \| Vimeo Credit Facility
Revolving Credit Facility [Line Items]
Credit facility term	5 years
Maximum borrowing capacity	$ 100,000,000
Annual commitment fee (in basis points)	20.00%
Covenant term, minimum liquidity requirement	$ 50,000,000
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
Subsequent Event [Member] \| Sale of Equity Capital
Revolving Credit Facility [Line Items]
Proceeds raised from sale of equity capital				$ 300,000,000
Subsequent Event [Member] \| Sale of Equity Capital, First Raise \| Common Class A [Member]
Revolving Credit Facility [Line Items]
Proceeds raised from sale of equity capital				$ 200,000,000
Number of shares issued in sale of equity capital (in shares)				6.2
Price per share of stock issued in sale of equity capital (in dollars per share)				$ 32.41
Enterprise valuation of Vimeo				$ 5,200,000,000
Subsequent Event [Member] \| Sale of Equity Capital, Second Raise \| Common Class A [Member]
Revolving Credit Facility [Line Items]
Proceeds raised from sale of equity capital				$ 100,000,000
Number of shares issued in sale of equity capital (in shares)				2.8
Price per share of stock issued in sale of equity capital (in dollars per share)				$ 35.35
Enterprise valuation of Vimeo				$ 5,700,000,000

VALUATION AND QUALIFYING ACCOUNTS (Details) - Vimeo Inc. - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 273	$ 180
Charges to Earnings	1,834	1,245
Deductions	(1,631)	(1,152)
Balance at End of Period	476	273
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	35,745	17,476
Charges to Earnings	15,946	18,269
Charges to Other Accounts	(2)
Balance at End of Period	51,689	35,745
SEC Schedule, 12-09, Valuation Allowance, Other Reserves Carryforward [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 3	807
Charges to Earnings		3
Balance at End of Period		$ 3