UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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).
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| Item 7.01. | Regulation FD Disclosure. |
On January 18, 2023, the Company announced that it had posted certain monthly metrics through December 2022 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 January 18, 2023. | |
| 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: January 18, 2023
Exhibit 99.1
Vimeo Monthly Metrics
January 18, 2023
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 December(a):
| 4Q21 | 1Q22 | 2Q22 | 3Q22 | 4Q22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||||||||||||||||||||||||||||||||||||||||||||||
| Total Revenue | 29 | % | 26 | % | 24 | % | 23 | % | 23 | % | 18 | % | 19 | % | 16 | % | 11 | % | 10 | % | 9 | % | 5 | % | 2 | % | (1 | )% | (2 | )% | ||||||||||||||||||||||||||||||
| Subscribers | 12 | % | 11 | % | 11 | % | 10 | % | 8 | % | 6 | % | 5 | % | 4 | % | 3 | % | 2 | % | 1 | % | (1 | )% | (3 | )% | (4 | )% | (5 | )% | ||||||||||||||||||||||||||||||
| Avg. Revenue per User ("ARPU") | 14 | % | 12 | % | 12 | % | 12 | % | 13 | % | 10 | % | 13 | % | 11 | % | 7 | % | 7 | % | 8 | % | 5 | % | 5 | % | 2 | % | 2 | % | ||||||||||||||||||||||||||||||
(a) As of the date of this document, the Company has not yet completed its financial close process for December 2022. As a result, the information herein for December 2022 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: adverse changes in economic conditions, changes in the regulatory landscape, including, 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 sales-assisted 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 pandemic and geopolitical events on our business 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.