UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
| Item 7.01. | Regulation FD Disclosure. |
On October 12, 2021, the Registrant announced that it had posted certain monthly metrics through September 2021 on the investor relations section of its website (https://investors.vimeo.com/), as set forth in Exhibit 99.1 hereto, which is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
| Exhibit No. | Description | |
| 99.1 | Monthly Metrics of Vimeo, Inc., dated October 12, 2021. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| VIMEO, INC. | ||
| By: | /s/ Michael A. Cheah | |
| Name: | Michael A. Cheah | |
| Title: | General Counsel and Secretary | |
Date: October 12, 2021
Exhibit 99.1
Vimeo Monthly Metrics
October 12, 2021
Our monthly metrics are provided below as part of our continued commitment to investor transparency. We think of our market in decades not years, and will continue to prioritize long term value creation over short term results.
Monthly Year-over-Year Growth Trends through September (a):
| Y/Y Growth | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3Q20 | 4Q20 | 1Q21 | 2Q21 | 3Q21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | ||||||||||||||||||||||||||||||||||||||||||
| Total Revenue | 40 | % | 43 | % | 49 | % | 49 | % | 54 | % | 57 | % | 57 | % | 54 | % | 60 | % | 46 | % | 42 | % | 41 | % | 35 | % | 33 | % | 33 | % | ||||||||||||||||||||||||||
| Subscribers | 17 | % | 19 | % | 21 | % | 22 | % | 24 | % | 24 | % | 25 | % | 26 | % | 25 | % | 21 | % | 18 | % | 17 | % | 16 | % | 15 | % | 14 | % | ||||||||||||||||||||||||||
| Avg. Revenue per User ("ARPU") | 20 | % | 22 | % | 25 | % | 23 | % | 26 | % | 27 | % | 26 | % | 27 | % | 27 | % | 19 | % | 18 | % | 19 | % | 15 | % | 15 | % | 16 | % | ||||||||||||||||||||||||||
(a) As of the date of this document, the Company has not yet completed its financial close process for September 2021. As a result, the information herein for September 2021 is preliminary and based upon information available to the Company as of the date of this document. During the course of the financial close process, the Company may identify items that would require it to make adjustments, which may impact growth rates and be material to the information presented above.
Cautionary Statement Regarding Forward-Looking Information
This document may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as "anticipates," "estimates," "expects," "plans" and "believes," among others, generally identify forward-looking statements. These forward-looking statements include, among others, statements relating to: Vimeo’s future financial performance, business prospects and strategy, anticipated trends and prospects in the industry in which Vimeo operates and other similar matters. Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons, including, among others: the risks inherent in Vimeo’s separation from IAC, the risks that the anticipated benefits from the separation from IAC will not be realized, changes in the regulatory landscape, in particular, changes in laws that might increase the liability of online intermediaries for user-generated content, reputational damage caused by problematic user content or our decisions to remove (or not remove) it; changes in policies implemented by third party platforms upon which we rely for traffic and distribution of mobile apps, increased competition in the online video category, our ability to convert visitors into uploaders and uploaders into paying subscribers, our ability to retain paying subscribers by maintaining and improving our value proposition, our ability to provide video storage and streaming in a cost-effective manner, our ability to successfully scale our enterprise business, our ability to protect sensitive date from unauthorized access, the integrity, quality, scalability and redundancy of our systems, technology and infrastructure (and those of third parties with whom we do business), our ability to operate in (and expand into additional) international markets successfully, our ability to adequately protect our intellectual property rights and not infringe the intellectual property rights of third parties and the possibility that our historical consolidated, foreign exchange currency rate fluctuations, the impact of the COVID-19 outbreak on our business, adverse changes in economic conditions and combined results may not be indicative of our future results. Certain of these and other risks and uncertainties are discussed in Vimeo’s filings with the Securities and Exchange Commission. Other unknown or unpredictable factors that could also adversely affect Vimeo’s business, financial condition and results of operations may arise from time to time. In light of these risks and uncertainties, these forward-looking statements may not prove to be accurate. Accordingly, you should not place undue reliance on these forward-looking statements, which only reflect the views of Vimeo’s management as of the date of this communication. Vimeo does not undertake to update these forward-looking statements.