0001837686-24-000021 | 10-K | XBRL Viewer

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STOCK-BASED COMPENSATION - SARs and Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Weighted average exercise price
Options outstanding in connection to Spin-Off (in shares)	4,500,000
Options exercisable in connection to Spin-Off (in shares)	4,500,000
Stock Appreciation Rights (SARs) and Options
SARs and stock options
Outstanding, beginning balance (in shares)	15,227,000
Granted (in shares)	250,000	0	0
Exercised (in shares)	(275,000)
Forfeited (in shares)	(210,000)
Expired (in shares)	(2,638,000)
Outstanding, ending balance (in shares)	12,354,000	15,227,000
Weighted average exercise price
Outstanding, weighted average exercise price beginning balance (in USD per share)	$ 5.82
Granted (in USD per share)	4.00
Exercised (in USD per share)	2.75
Forfeited (in USD per share)	11.74
Expired (in USD per share)	6.63
Outstanding, weighted average exercise price ending balance (in USD per share)	$ 5.58	$ 5.82
Outstanding, Weighted average remaining contractual life (in years)	3 years 7 months 6 days
Outstanding, Aggregate intrinsic value (in USD)	$ 874
Exercisable, number exercisable at end of period (in shares)	11,847,000
Exercisable, weighted average exercise price at end of period (in USD per share)	$ 5.53
Exercisable, weighted average remaining contractual life (in years)	3 years 6 months
Exercisable, aggregate intrinsic value at end of period (in USD)	$ 874

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Allowance for credit losses
Movement in Valuation Allowances and Reserves
Balance at beginning of period	$ 5,183	$ 1,324	$ 476
Charges to Earnings	777	7,606	1,428
Charges to Other Accounts	0	0	0
Deductions	(3,232)	(3,747)	(580)
Balance at end of period	2,728	5,183	1,324
Deferred tax valuation allowance
Movement in Valuation Allowances and Reserves
Balance at beginning of period	67,544	52,023	51,689
Charges to Earnings	(4,543)	12,736	20,858
Charges to Other Accounts	(893)	2,785	(20,524)
Deductions	0	0	0
Balance at end of period	$ 62,108	$ 67,544	$ 52,023

INCOME TAXES - (Losses) Earnings before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
U.S.	$ 15,189	$ (90,500)	$ (54,085)
Foreign	9,722	12,835	2,146
Earnings (loss) before income taxes	$ 24,911	$ (77,665)	$ (51,939)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Revenue Recognition

Vimeo's revenue is derived primarily from fixed SaaS subscription fees paid by customers. Subscription periods generally range from one month to three years with the most common being an annual subscription and are generally non-cancellable. Vimeo's disaggregated revenue disclosures are presented in "Note 3—Revenue."

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. The transaction price, which generally reflects the fixed SaaS subscription fees listed in the terms of the contract, is the amount of consideration Vimeo expects to be entitled to in exchange for access to the Vimeo platform. The transaction price is recognized as revenue on a straight-line basis over the contractual term of the arrangement beginning on the date access is provided to the Vimeo platform, which is considered to be a series of distinct services that comprise a single performance obligation and have the same pattern of transfer over the contractual term. 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 are excluded from the measurement of the transaction price, and accordingly, not included as a component of revenue or cost of revenue. For contracts that have an original duration of one year or less, Vimeo does not consider the time value of money applicable to such contracts. Estimates of variable consideration are not significant.

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 term of the applicable subscription period or expected completion of its performance obligation is one year or less.

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.

Cost of Revenue

Cost of revenue consists primarily of hosting fees, credit card processing fees, compensation expense and other employee-related costs and stock-based compensation expense for personnel engaged in customer care functions, traffic acquisition costs, which includes the amortization of in-app purchase fees, outsourced customer care personnel costs, rent expense and facilities costs. In-app purchase fees are monies paid to Apple and Google in connection with the processing of in-app purchases of subscriptions and product features through the in-app payment systems provided by Apple and Google.

Research and Development Expense

Research and development expense consists primarily of compensation expense and other employee-related costs and stock-based compensation expense that are not capitalized for personnel engaged in the design, development, testing and enhancement of product offerings and related technology, software license and maintenance costs, rent expense and facilities costs.

Sales and Marketing Expense

Sales and marketing expense consists primarily of advertising expenditures, which include 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 includes conferences and events, compensation expense and other employee-related costs and stock-based compensation expense for Vimeo's sales force and marketing personnel, software license and maintenance costs, rent expense and facilities costs.

General and Administrative Expense

General and administrative expense consists primarily of compensation expense and other employee-related costs and stock-based compensation expense for personnel engaged in executive management, finance, legal, tax, information technology and human resources, provision for credit losses, fees for professional services, rent expense, facilities costs, software license and maintenance costs, and business insurance.

Cash and Cash Equivalents

Cash and cash equivalents include cash and short-term investments, with maturities of 3 months or less from the date of purchase. Vimeo monitors concentrations of credit risk with respect to cash and cash equivalents by placing such balances with higher quality financial institutions or investing such amounts in liquid, short-term, highly-rated investments or investment funds holding similar instruments. At December 31, 2023, the significant majority of our cash and cash equivalents is held domestically, and primarily consists of money market funds invested with banks with a credit rating of Aaa. Additionally, at December 31, 2023 Vimeo did not have more than $100 million invested in any single bank or money market mutual fund.

Allowance for Credit Losses

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 customer-specific information, including the customer’s ability and intent to pay its obligation. The time between Vimeo's 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.

The changes in the allowance for credit losses are as follows:


	Years Ended December 31,
	2023		2022
	(In thousands)
Balance at beginning of period	5,183		1,324
Provision for credit losses	777		7,606
Write-offs charged against the allowance	(4,366)		(4,997)
Recoveries collected	1,129		1,245
Currency translation adjustment	5		5
Balance at end of period (a)	$	2,728	$	5,183

____________________

(a) The allowance for credit losses declined due to a decrease in the provision for credit losses driven by a decrease in aged accounts receivable balances as a result of improved cash collections.

Leasehold Improvements and Equipment

Leasehold improvements and equipment are recorded at cost. Depreciation of leasehold improvements and equipment 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. Repairs and maintenance costs are expensed as incurred. Leasehold improvements and equipment, net is as follows:


	December 31,				Estimated Useful Lives
	2023		2022
	(In thousands)
Leasehold improvements	$	761	$	1,332	Shorter of lease term or 10 Years
Computer and other equipment	550		807		2 to 10 Years
Total leasehold improvements and equipment	1,311		2,139
Accumulated depreciation and amortization	(704)		(784)
Leasehold improvements and equipment, net	$	607	$	1,355

Tangible long-lived assets at December 31, 2023 and December 31, 2022 relate to "Leasehold improvements and equipment, net."


	December 31,
	2023		2022
	(In thousands)
Leasehold improvements and equipment, net:
United States	$	492	$	537
All other countries	115		818
Total	$	607	$	1,355

Leases

Vimeo leases office space 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, determined using the Company's incremental borrowing rate on the lease commencement 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. Vimeo has elected not to record leases with an initial term of twelve months or less 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.

Business Combinations

The allocation of the purchase price to the assets acquired and liabilities assumed is based upon their fair values on the acquisition date, including identifiable intangible assets that either arise from a contractual or legal right or are separable from goodwill. Vimeo generally 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 indicate that a reporting unit's fair value is more likely than not below its carrying value. Goodwill is tested for impairment at the reporting unit level which is either an “operating segment,” or one level below, which is referred to as a “component.” The level at which the impairment test is performed requires judgment as to whether there are multiple operating segments and/or components, and if so, whether their operations are similar such that they should be aggregated for purposes of the impairment test. For purposes of performing the 2023 impairment test, management has determined that there is one operating segment and no components below that level, which results in a single reporting unit at the overall Vimeo level for purposes of testing goodwill for impairment.

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. No impairments to goodwill were recorded for the years ended December 31, 2023, 2022, and 2021.

Long-Lived Assets

Long-lived assets 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 based on the pattern in which the economic benefits of the asset are expected to be realized, which is generally on a straight-line 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 for which Vimeo must develop its own assumptions, based on the best information available in the circumstances, about the inputs that market participants would use in pricing the assets or liabilities.

See "Note 7—Fair Value Measurements" for additional information.

Advertising Costs

Advertising costs are expensed when incurred (when the advertisement first runs for production costs that are initially capitalized) and primarily include 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 $60.3 million, $76.3 million, and $87.1 million for the years ended December 31, 2023, 2022, and 2021, respectively.

Income Taxes

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 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. Vimeo records interest and penalties, 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.

Vimeo has made an accounting policy election to treat Global Intangible Low-Taxed Income taxes as a current period expense rather than including these amounts in the measurement of deferred taxes.

Earnings per Share

Vimeo common stock and Class B common stock are treated as one class of common stock for earnings per share ("EPS") purposes as both classes of common stock participate in earnings, dividends and other distributions on the same basis. Basic EPS is calculated using the two-class method since the Vimeo Restricted Shares are participating securities due to their rights as described in "Note 9—Shareholders' Equity". Diluted EPS is calculated on the most dilutive basis under either the two-class method or treasury stock method, both of which exclude equity awards that would be anti-dilutive.

Foreign Currency

The functional currency of foreign entities is generally the local currency. Functional currency denominated (i) assets and liabilities are translated at the rates of exchange as of the balance sheet date, and (ii) 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, net".

Stock-Based Compensation

Vimeo measures and recognizes compensation expense for all stock‑based awards based on the grant date fair value of the award. Stock-based compensation expense (net of estimated forfeitures) for all stock-based awards, including those with graded vesting, is recognized ratably over the requisite service period. Estimated forfeitures are based on an analysis of historical forfeitures and revised, if necessary, in subsequent periods if actual forfeitures differ from the estimated rate.

The grant-date fair value of a RSU is determined based on the closing sale price of the Company’s common stock on the date of grant. The grant date fair value of a RSU with a market condition is determined by using a Monte Carlo simulation of Vimeo's stock price over the performance period. The grant-date fair value of a stock option or SAR is estimated using the Black‑Scholes option‑pricing model. See "Note 11—Stock-Based Compensation" for additional information.

Segment Information

The Company operates in one operating segment and one reportable segment. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assessing performance. The Company’s chief operating decision maker allocates resources and assesses performance based upon consolidated financial information.

Recent Accounting Pronouncements Adopted by the Company

Vimeo adopted ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, effective October 28, 2021. This guidance amends ASC 805 to add contract assets and contract liabilities to the list of exceptions to the recognition and measurement principles that apply to business combinations and to require that an acquirer recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. The adoption of ASU No. 2021-08 did not have a material impact on Vimeo's consolidated financial statements.

Recent Accounting Pronouncements Not Yet Adopted by the Company

In November 2023, ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures was issued, which amended existing guidance to require disclosure of significant segment expenses and other segment items on an annual and interim basis and to provide in interim periods all disclosures about a reportable segment's profit or loss and assets that are currently required annually. These amendments are effective on a retrospective basis for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024. The Company is currently evaluating the impact this guidance will have on its consolidated financial statements.

In December 2023, ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures was issued, and requires disclosure of disaggregated information about a reporting entity’s effective tax rate reconciliation as well as

information on income taxes paid. This guidance will become effective for fiscal years beginning after December 15, 2024 on a prospective basis. The Company is currently evaluating the impact this guidance will have on its consolidated financial statements.

REVENUE - Revenue and Long-lived Assets by Geographic Area (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 417,214	$ 433,028	$ 391,678
United States
Disaggregation of Revenue [Line Items]
Revenue	223,055	220,742	197,576
All other countries
Disaggregation of Revenue [Line Items]
Revenue	194,159	212,286	194,102
Self-Serve & Add-Ons
Disaggregation of Revenue [Line Items]
Revenue	285,529	304,726	275,259
Vimeo Enterprise
Disaggregation of Revenue [Line Items]
Revenue	56,499	39,271	23,236
Other
Disaggregation of Revenue [Line Items]
Revenue	$ 75,186	$ 89,031	$ 93,183

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- 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.

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+ Details

FINANCIAL STATEMENT DETAILS - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Accrued employee compensation and benefits	$ 27,519	$ 21,924
Other accrued expenses and current liabilities	26,054	35,227
Accrued expenses and other current liabilities	53,573	57,151
Current lease liabilities	2,661	2,979
IAC and HomeAdivsor, Inc.
Related Party Transaction [Line Items]
Current lease liabilities	$ 2,300	$ 2,000

REVENUE - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
REVENUE - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Deferred revenue recognized during period	$ 166.0	$ 172.0
Amortization of capitalized contract costs	$ 6.2	$ 6.2	$ 7.1
United States \| Revenue Benchmark \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk, percent (greater than)	10.00%	10.00%	10.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

COMMITMENTS AND CONTINGENCIES - Narrative (Details)						1 Months Ended		72 Months Ended
COMMITMENTS AND CONTINGENCIES - Narrative (Details)	Oct. 12, 2023 EUR (€)	Jun. 01, 2023 EUR (€)	Jun. 02, 2019 EUR (€)	Jan. 15, 2019 EUR (€)	Sep. 18, 2013 video	Mar. 31, 2021 EUR (€)	Dec. 31, 2009 lawsuit video	Dec. 31, 2017 lawsuit
EMI/Capitol Records Copyright Infringement Litigation
Contingencies [Line Items]
Number of lawsuits \| lawsuit							2
Number of videos					199		199
EMI/Capitol Records Copyright Infringement Litigation \| Partial Summary Judgement
Contingencies [Line Items]
Number of videos					144
EMI/Capitol Records Copyright Infringement Litigation \| Judicial Ruling
Contingencies [Line Items]
Number of videos					20
Amended number of videos					1,500
EMI/Capitol Records Copyright Infringement Litigation \| Denied Summary Judgement
Contingencies [Line Items]
Number of videos					35
RTI Copyright Litigation
Contingencies [Line Items]
Number of lawsuits \| lawsuit								4
Damages awarded, value \| €	€ 3,865,161	€ 8,500,000	€ 4,746,273	€ 8,500,000
Sony, Universal, Warner Copyright
Contingencies [Line Items]
Penalty payment per day of delay \| €						€ 10,000

RESTRUCTURING - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Reduction of workforce (as a percent)	11.00%	6.00%
Cost incurred for one-time termination benefits			$ 4,888	$ 4,183

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Loss
Balance at beginning of period	$ 353,858,000	$ 370,595,000	$ 85,080,000
Other comprehensive income (loss)	132,000	(745,000)	1,000
Balance at end of period	382,232,000	353,858,000	370,595,000
Income tax provision (benefit)	2,879,000	1,926,000	828,000
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Balance at beginning of period	(831,000)	(86,000)	(87,000)
Other comprehensive income (loss)	132,000	(745,000)	1,000
Balance at end of period	(699,000)	(831,000)	(86,000)
Income tax provision (benefit)	0	0	0
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Loss
Other comprehensive income (loss)	$ 132,000	$ (745,000)	$ 1,000

- Definition

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

+ References + Details

- Definition

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

+ References

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Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

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+ Details

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Relationship with IAC following the Spin-off Following the Spin-off, the relationship between Vimeo and IAC has been governed by a number of agreements that include: a separation agreement; a tax matters agreement; a transition services agreement; an employee matters agreement; and a data protection agreement. These agreements were entered into as of May 24, 2021 and are filed as exhibits to the Annual Report on Form 10-K of which these financial statements form a part, and the summaries of these documents that follow are qualified in their entirety by reference to the full text of those documents. The total related charges for the years ended December 31, 2023, 2022, and 2021 were $0.8 million, $3.6 million, and $12.8 million, respectively. The charges for the year ended December 31, 2023 included $0.8 million related to Vimeo's coverage prior to the Spin-off under IAC's membership with a patent risk management service, RPX Corporation, which were paid in the fourth quarter of 2023. At both December 31, 2023 and 2022, there was no amount due to IAC. In November 2021 Vimeo entered into a sublease agreement with a subsidiary of Angi Inc., which is also an indirect subsidiary of IAC, whereby Vimeo agreed to sublease the 10th floor at 330 West 34th Street ("West 34th Street Sublease") in New York City. In July 2022, Vimeo extended the terms of the West 34th Street Sublease, and added a sublease of a portion of the fifth floor, both through April 2028. At December 31, 2023 and 2022 Vimeo had a current lease liability of $2.3 million and $2.0 million included in "Accrued expenses and other current liabilities", respectively, and a non-current lease liability of $10.7 million and $13.0 million included in "Other long-term liabilities", respectively, related to the West 34th Street Sublease in the accompanying consolidated balance sheet. Prior to the Spin-off, IAC allocated rent expense to Vimeo for the space that it occupied in IAC's headquarters building at 555 West 18th Street in New York City. Upon the completion of the Spin-off, Vimeo entered into an operating lease agreement with IAC for this space, which Vimeo subsequently exited on June 30, 2022. Rent expense for these properties for the years ended December 31, 2023, 2022, and 2021 were $3.5 million, $4.6 million, and $4.4 million, respectively. For the year ended December 31, 2021, Vimeo’s consolidated statement of operations also included $1.0 million of costs allocated by IAC, including stock-based compensation expense, related to IAC’s accounting, treasury, legal, tax, corporate support, financial systems, and internal audit functions. These allocations were based on Vimeo's revenue as a percentage of IAC's total revenue and are reflected in the accompanying consolidated balance sheet within "Additional paid-in capital." 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. Separation Agreement The separation agreement provided for restructuring transactions including, among other things, the transfer to Vimeo of IAC’s equity interests in Vimeo OpCo and the repayment by Vimeo OpCo of all outstanding intercompany debt owed to IAC and its subsidiaries (other than Vimeo OpCo’s subsidiaries). The separation agreement also provided for the pre-Spin-off adoption of the certificate of incorporation and by-laws of Vimeo that came into effect at the time of the Spin-off. Tax Matters Agreement In connection with the Spin-off, IAC and Vimeo entered into a tax matters agreement that governs the parties’ respective rights, responsibilities and obligations with respect to taxes (including taxes arising in the ordinary course of business and taxes, if any, incurred as a result of any failure of the Distribution to qualify as tax-free for U.S. federal income tax purposes), entitlement to refunds, allocation of tax attributes, preparation of tax returns, control of tax contests and other tax matters. In addition, the tax matters agreement imposes certain restrictions on Vimeo and its subsidiaries (including restrictions on share issuances, business combinations, sales of assets and similar transactions) designed to preserve the tax-free status of the Distribution. The tax matters agreement provides special rules that allocate tax liabilities in the event the Distribution fails to qualify as a transaction that is generally tax-free for U.S. federal income tax purposes under Sections 355(a) and 368(a)(1)(D) of the Code. Under the tax matters agreement, IAC and Vimeo generally are responsible for any taxes and related amounts imposed on either of the parties as a result of a failure to so qualify to the extent that the failure to so qualify is attributable to a breach of the relevant representations or covenants made by that party in the tax matters agreement or an acquisition of such party’s equity securities or assets. Employee Matters Agreement The employee matters agreement covers a range of compensation and benefit matters related to the Spin-off. In general, under the employee matters agreement IAC assumed or retained (i) all liabilities with respect to IAC employees, former IAC employees and their dependents and beneficiaries under all IAC employee benefit plans, and (ii) all liabilities with respect to the employment or termination of employment of all IAC employees, former IAC employees and other service providers. Vimeo assumed or retained (i) all liabilities under its employee benefit plans, and (ii) all liabilities with respect to the employment or termination of employment of all Vimeo employees, former employees and other service providers. As of January 1, 2022, Vimeo no longer participates in IAC employee benefit plans, but has established its own employee benefit plans that are substantially similar to the plans sponsored by IAC prior to the Spin-off. Transition Services Agreement Under the transition services agreement, each of IAC and Vimeo provided to the other party on an interim, transitional basis, various support services, which included support with governmental affairs, finance and accounting services, corporate sourcing, legal affairs, systems support, and any such other support services as to which IAC and Vimeo mutually agreed. The charges for these services were generally on an actual cost basis (without markup), except as otherwise agreed upon prior to the completion of the Spin-off. Each of IAC and Vimeo, as recipient of services, had the right to terminate the transition services agreement with respect to one or more particular services upon 90 days’ prior written notice. As of December 31, 2023, all services pursuant to the transition services agreement have been completed. Debt—Related Party In January 2021, Vimeo OpCo 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 described in "Note 9—Shareholders' Equity." Each promissory note bore interest at 10% per annum.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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+ Details

GOODWILL AND INTANGIBLE ASSETS WITH DEFINITE LIVES - Goodwill and Intangible Assets, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 245,406	$ 245,406	$ 242,586
Intangible assets with definite lives, net of accumulated amortization	2,629	5,468
Total goodwill and intangible assets with definite lives, net	$ 248,035	$ 250,874

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

SHAREHOLDERS' EQUITY (Details)	1 Months Ended	12 Months Ended
SHAREHOLDERS' EQUITY (Details)	Jan. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2023 vote shares	Dec. 31, 2022 shares	Feb. 25, 2022 USD ($)	May 25, 2021 shares
Shareholders' Equity [Line Items]
Stock repurchase, authorized amount (up to) \| $				$ 50,000,000
Treasury stock acquired during period (shares) \| shares		0	0
Director \| Restricted Stock \| Restricted Stock Agreement
Shareholders' Equity [Line Items]
Shares authorized for issuance (in shares) \| shares		3,247,000	4,870,500
Sale of Equity Capital
Shareholders' Equity [Line Items]
Proceeds raised from sale of equity capital \| $	$ 300,000,000
Common Stock
Shareholders' Equity [Line Items]
Percentage of directors that can be elected by holders of Vimeo common stock		0.25
Votes per each share of stock \| vote		1
Common stock authorized (in shares) \| shares		1,600,000,000	1,600,000,000		1,600,000,000
Class B common stock
Shareholders' Equity [Line Items]
Votes per each share of stock \| vote		10
Common stock authorized (in shares) \| shares		400,000,000	400,000,000		400,000,000
Class A Voting common stock of Vimeo OpCo \| Sale of Equity Capital, First Raise
Shareholders' Equity [Line Items]
Proceeds raised from sale of equity capital \| $	$ 200,000,000
Number of shares issued in sale of equity capital (in shares) \| 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 \| $	$ 5,200,000,000
Class A Voting common stock of Vimeo OpCo \| Sale of Equity Capital, Second Raise
Shareholders' Equity [Line Items]
Proceeds raised from sale of equity capital \| $	$ 100,000,000
Number of shares issued in sale of equity capital (in shares) \| 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 \| $	$ 5,700,000,000

FINANCIAL STATEMENT DETAILS - Supplemental Disclosure of Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash received (paid) during the year for:
Interest payments	$ (151)	$ (203)	$ (5,064)
Income tax payments	(1,434)	(1,336)	(801)
Income tax refunds	$ 125	$ 123	$ 62

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Net operating loss carryforwards	$ 14,566	$ 31,069
Tax credit carryforwards	13,509	12,138
Accrued bonus	3,745	2,449
Stock-based compensation	10,767	10,209
Capitalized research and development expenses	26,977	14,242
Other	4,569	7,509
Total deferred tax assets	74,133	77,616
Less: valuation allowance	(62,108)	(67,544)
Net deferred tax assets	12,025	10,072
Deferred tax liabilities:
Prepaid expenses	(5,468)	(4,834)
Intangible assets with definite lives	(3,308)	(925)
Right-of-use assets	(3,303)	(3,755)
Withholding taxes	(1,083)	(905)
Other	(56)	(106)
Total deferred tax liabilities	(13,218)	(10,525)
Net deferred tax liabilities	$ (1,193)	$ (453)

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2023
Auditor Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Location	New York, New York
Auditor Firm ID	42

GOODWILL AND INTANGIBLE ASSETS WITH DEFINITE LIVES - Intangible Assets with Definite Lives (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Intangible assets with definite lives
Gross Carrying Amount	$ 50,260	$ 50,260
Accumulated Amortization	(47,631)	(44,792)
Total	$ 2,629	$ 5,468
Weighted-Average Useful Life (Years)	3 years 7 months 6 days	3 years 7 months 6 days
Developed technology
Intangible assets with definite lives
Gross Carrying Amount	$ 29,730	$ 29,730
Accumulated Amortization	(27,720)	(25,630)
Total	$ 2,010	$ 4,100
Weighted-Average Useful Life (Years)	3 years 8 months 12 days	3 years 8 months 12 days
Customer relationships
Intangible assets with definite lives
Gross Carrying Amount	$ 17,530	$ 17,530
Accumulated Amortization	(16,911)	(16,162)
Total	$ 619	$ 1,368
Weighted-Average Useful Life (Years)	3 years 10 months 24 days	3 years 10 months 24 days
Trade names
Intangible assets with definite lives
Gross Carrying Amount	$ 3,000	$ 3,000
Accumulated Amortization	(3,000)	(3,000)
Total	$ 0	$ 0
Weighted-Average Useful Life (Years)	1 year 8 months 12 days	1 year 8 months 12 days

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Payments under Non-cancelable Unconditional Purchase Obligations

Future payments under non-cancelable unconditional purchase obligations as of December 31, 2023 principally consist of payments for various cloud computing contracts and are as follows:


	Amount of Commitment Expiration Per Period
	Less Than 1 Year		1-3 Years		3-5 Years		More Than 5 Years		Total Amounts Committed
	(In thousands)
Purchase obligations	$	56,634	$	2,712	$	—	$	—	$	59,346

LEASES - Other Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Right-of-use assets obtained in exchange for lease liabilities	$ 262	$ 14,793	$ 15,654
Cash paid for amounts included in the measurement of lease liabilities	$ 4,324	$ 5,724	$ 3,543

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Taxes [Line Items]
Tax credit carryforwards	$ 16,900
Decrease in valuation allowance	5,400
Deferred tax assets, valuation allowance	62,108	$ 67,544
Uncertain tax positions	4,648	$ 2,523	$ 2,519	$ 1,921
Unrecognized tax benefit, related deferred tax assets and interest	500
Research Tax Credit Carryforward
Income Taxes [Line Items]
Tax credit carryforwards	14,700
Foreign Tax Credit Carryforward
Income Taxes [Line Items]
Tax credit carryforwards	$ 2,200

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss consisting of foreign currency translation adjustments is as follows:


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Balance at beginning of period	$	(831)	$	(86)	$	(87)
Other comprehensive income (loss)	132		(745)		1
Balance at end of period	$	(699)	$	(831)	$	(86)

REVENUE - Current and Non-current Balances of Deferred Revenue (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 168,610	$ 167,388
Other long-term liabilities	$ 1,216	$ 1,286

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Common Stock Common Stock	Class B common stock Common Stock	Class A Voting common stock of Vimeo OpCo Common Stock	Class B Non-Voting common stock of Vimeo OpCo Common Stock
Balance at beginning of period at Dec. 31, 2020	$ 85,080	$ 366,676	$ (283,009)	$ (87)	$ 0	$ 0	$ 837	$ 663
Balance at beginning of period (in shares) at Dec. 31, 2020					0	0	83,656	66,285
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)	(52,767)		(52,767)
Other comprehensive income (loss)	1			1
Stock-based compensation expense	44,893	44,893
Amounts related to settlement of equity awards	(6,877)	(6,896)			$ 18		$ 1
Amounts related to settlement of equity awards (in shares)					1,856		133
Issuance of common stock, net of fees	299,750	299,660					$ 90
Issuance of common stock, net of fees (in shares)							9,000
Exchange of shares related to Spin-off	0	(3)			$ 1,500	$ 94	$ (928)	$ (663)
Exchange of shares related to Spin-off (in shares)					149,981	9,399	(92,789)	(66,285)
Restricted Stock Award	0	(49)			$ 49
Restricted Stock Award (in shares)					4,871
Other	515	515
Balance at end of period at Dec. 31, 2021	370,595	704,796	(335,776)	(86)	$ 1,567	$ 94	$ 0	$ 0
Balance at end of period (in shares) at Dec. 31, 2021					156,708	9,399	0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)	(79,591)		(79,591)
Other comprehensive income (loss)	(745)			(745)
Stock-based compensation expense	64,340	64,340
Amounts related to settlement of equity awards	(741)	(746)			$ 5
Amounts related to settlement of equity awards (in shares)					479
Balance at end of period at Dec. 31, 2022	353,858	768,390	(415,367)	(831)	$ 1,572	$ 94	$ 0	$ 0
Balance at end of period (in shares) at Dec. 31, 2022					157,187	9,399	0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss)	22,032		22,032
Other comprehensive income (loss)	132			132
Stock-based compensation expense	12,042	12,042
Amounts related to settlement of equity awards	(5,832)	(5,861)			$ 29
Amounts related to settlement of equity awards (in shares)					2,948
Restricted Stock Award	0	16			$ (16)
Restricted Stock Award (in shares)					(1,624)
Balance at end of period at Dec. 31, 2023	$ 382,232	$ 774,587	$ (393,335)	$ (699)	$ 1,585	$ 94	$ 0	$ 0
Balance at end of period (in shares) at Dec. 31, 2023					158,511	9,399	0	0

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Estimated Useful Lives and Components of Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Total leasehold improvements and equipment	$ 1,311	$ 2,139
Accumulated depreciation and amortization	(704)	(784)
Leasehold improvements and equipment, net	607	1,355
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total leasehold improvements and equipment	$ 761	1,332
Leasehold improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	10 years
Computer and other equipment
Property, Plant and Equipment [Line Items]
Total leasehold improvements and equipment	$ 550	$ 807
Computer and other equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	2 years
Computer and other equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	10 years

FINANCIAL STATEMENT DETAILS

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

FINANCIAL STATEMENT DETAILS

Cash and Cash Equivalents and Restricted Cash

The reconciliation of cash and cash equivalents and restricted cash reported within the accompanying consolidated balance sheet to the total amounts shown in the accompanying consolidated statement of cash flows is as follows:


	December 31, 2023		December 31, 2022		December 31, 2021		December 31, 2020
	(In thousands)
Cash and cash equivalents	$	301,372	$	274,497	$	321,900	$	110,011
Restricted cash included in other current assets	64		337		445		26
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$	301,436	$	274,834	$	322,345	$	110,037

Restricted cash at December 31, 2023 and 2020 primarily consisted of a deposit related to corporate credit cards.

Restricted cash at December 31, 2022 and 2021 primarily consisted of deposits related to a lease and corporate credit cards.

Prepaid Expenses and Other Current Assets


	December 31,
	2023		2022
	(In thousands)
Prepaid expenses	$	14,395	$	12,503
Other current assets	9,096		5,892
Prepaid expenses and other current assets	$	23,491	$	18,395

Accrued Expenses and Other Current Liabilities


	December 31,
	2023		2022
	(In thousands)
Accrued employee compensation and benefits	$	27,519	$	21,924

Other accrued expenses and current liabilities(a)	26,054		35,227
Accrued expenses and other current liabilities	$	53,573	$	57,151

____________________

(a) As of December 31, 2023 and 2022, includes $2.3 million and $2.0 million, respectively, related to the operating lease agreements as described in "Note 15—Related Party Transactions."

Other Income, net

The components of "Other income, net" are as follows:


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Interest income	12,640		3,866		83
Foreign exchange gains (losses), net	$	259	$	1,893	$	(2)
(Loss) gain on sale of an asset (a)	(37)		—		10,151
Other, net	—		5		9
Other income, net	$	12,862	$	5,764	$	10,241

____________________

(a) (Loss) gain on sale of an asset in 2021 represents a net gain of $10.2 million related to the sale of Vimeo’s retained interest in its former hardware business.

Supplemental Disclosure of Cash Flow Information


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Cash received (paid) during the year for:
Interest payments	$	(151)	$	(203)	$	(5,064)
Income tax payments	(1,434)		(1,336)		(801)
Income tax refunds	125		123		62

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Common Stock
Common stock, par value (in USD per share)	$ 0.01	$ 0.01
Class B common stock
Common stock, par value (in USD per share)	0.01	$ 0.01
Class A Voting common stock of Vimeo OpCo
Common stock, par value (in USD per share)	0.01
Class B Non-Voting common stock of Vimeo OpCo
Common stock, par value (in USD per share)	$ 0.01

CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accounts receivable, allowance for credit loss	$ 2,728	$ 5,183
Preferred stock, par value (in USD per share)	$ 0.01	$ 0.01
Preferred stock authorized (in shares)	100,000,000	100,000,000
Preferred stock issued (in shares)	0	0
Preferred stock outstanding (in shares)	0	0
Common Stock
Common stock, par value (in USD per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	1,600,000,000	1,600,000,000
Common stock issued (in shares)	158,511,000	157,187,000
Common stock outstanding (in shares)	158,511,000	157,187,000
Class B common stock
Common stock, par value (in USD per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	400,000,000	400,000,000
Common stock issued (in shares)	9,399,000	9,399,000
Common stock outstanding (in shares)	9,399,000	9,399,000

LEASES - Weighted-Average Remaining Term and Discount Rate (Details)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Remaining lease term (in years)	4 years 2 months 12 days	5 years 1 month 6 days	2 years 7 months 6 days
Discount rate (as a percent)	8.90%	8.10%	3.10%

SUBSEQUENT EVENT	12 Months Ended
SUBSEQUENT EVENT	Dec. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENT In the first quarter of 2024, the Company completed an evaluation to a sufficient level of detail to commit to a restructuring plan that resulted in a reduction to its workforce of approximately 4% of its employees. The Company expects to provide one-time termination benefits including severance payments, continuation of health coverage, and other benefits for a specified period of time to the affected employees. As a result, the Company currently estimates that it will incur restructuring costs of approximately $2.0 million to $3.0 million in the first quarter of 2024.

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net earnings (loss)	$ 22,032	$ (79,591)	$ (52,767)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:
Stock-based compensation expense	12,042	64,340	44,893
Amortization of intangibles	2,839	5,100	5,846
Depreciation	1,997	2,198	923
Provision for credit losses	777	7,606	1,428
(Gain) loss on the sale of an asset	37	0	(10,151)
Non-cash lease expense	4,449	5,971	3,884
Other adjustments, net	1,333	(433)	542
Changes in assets and liabilities, net of effects of acquisitions and dispositions:
Accounts receivable	1,075	(13,027)	(19,204)
Prepaid expenses and other assets	(5,180)	(3,090)	(10,086)
Accounts payable and other liabilities	(7,744)	(23,760)	13,948
Deferred revenue	4,128	(2,385)	36,698
Net cash provided by (used in) operating activities	37,785	(37,071)	15,954
Cash flows from investing activities:
Acquisitions, net of cash acquired	0	21	(14,241)
Capital expenditures	(108)	(802)	(445)
Proceeds from the sale of an asset	639	1,611	7,862
Net cash provided by (used in) investing activities	531	830	(6,824)
Cash flows from financing activities:
Proceeds from sale of common stock, net of fees	0	0	299,750
Principal payments on related-party debt	0	0	(94,565)
Deferred financing costs	0	0	(1,440)
Amounts related to settlement of equity awards	(6,414)	(5,448)	(4,051)
Proceeds from exercise of stock options	759	18	3,364
Contingent consideration payment	(5,774)	(4,816)	0
Other, net	(266)	(342)	0
Net cash (used in) provided by financing activities	(11,695)	(10,588)	203,058
Total cash provided (used)	26,621	(46,829)	212,188
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(19)	(682)	120
Net increase (decrease) in cash and cash equivalents and restricted cash	26,602	(47,511)	212,308
Cash and cash equivalents and restricted cash at beginning of period	274,834	322,345	110,037
Cash and cash equivalents and restricted cash at end of period	$ 301,436	$ 274,834	$ 322,345

GOODWILL AND INTANGIBLE ASSETS WITH DEFINITE LIVES - Expected Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 1,390
2025	1,239
Total	$ 2,629	$ 5,468

GOODWILL AND INTANGIBLE ASSETS WITH DEFINITE LIVES

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS WITH DEFINITE LIVES

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


	December 31,
	2023		2022
	(In thousands)
Goodwill	$	245,406	$	245,406
Intangible assets with definite lives, net of accumulated amortization	2,629		5,468
Total goodwill and intangible assets with definite lives, net	$	248,035	$	250,874

The changes in the carrying value of goodwill for the years ended December 31, 2023 and 2022 are as follows:


	Years Ended December 31,
	2023		2022
	(In thousands)
Balance at beginning of period	$	245,406	$	242,586
Measurement period adjustments (a)	—		2,820

Balance at end of period	$	245,406	$	245,406

____________________

(a) Related to the acquisitions of Wibbitz and WIREWAX as discussed in "Note 5 —Business Combinations".

At December 31, 2023 and 2022, intangible assets with definite lives are as follows:


	December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life (Years)
	(In thousands)
Developed technology	$	29,730	$	(27,720)	$	2,010	3.7
Customer relationships	17,530		(16,911)		619		3.9


Trade names	3,000		(3,000)		—		1.7

Total	$	50,260	$	(47,631)	$	2,629	3.6


	December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life (Years)
	(In thousands)
Developed technology	$	29,730	$	(25,630)	$	4,100	3.7
Customer relationships	17,530		(16,162)		1,368		3.9


Trade names	3,000		(3,000)		—		1.7

Total	$	50,260	$	(44,792)	$	5,468	3.6

At December 31, 2023, amortization of intangible assets with definite lives is estimated to be as follows:


Years Ending December 31,	(In thousands)
2024	$	1,390
2025	1,239




Total(a)	$	2,629

____________________

(a) All intangible assets are expected to be fully amortized by December 31, 2025, therefore there is no estimated amortization for the years 2026, 2027, and 2028.

SUBSEQUENT EVENTS (Details) - USD ($) $ in Millions	3 Months Ended
SUBSEQUENT EVENTS (Details) - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2022
Subsequent Event [Line Items]
Reduction of workforce (as a percent)		11.00%	6.00%
Subsequent Event \| Forecast
Subsequent Event [Line Items]
Reduction of workforce (as a percent)	4.00%
Subsequent Event \| Minimum \| Forecast
Subsequent Event [Line Items]
Expected restructuring cost	$ 3.0
Subsequent Event \| Maximum \| Forecast
Subsequent Event [Line Items]
Expected restructuring cost	$ 2.0

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

SCHEDULE II - 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)
2023
Allowance for credit losses	$	5,183	$	777	(a)	$	—		$	(3,232)	(b)	$	2,728
Deferred tax valuation allowance	67,544		(4,543)		(c)	(893)		(d)	—			62,108


2022
Allowance for credit losses	$	1,324	$	7,606	(a)	$	—		$	(3,747)	(b)	$	5,183
Deferred tax valuation allowance	52,023		12,736		(e)	2,785		(f)	—			67,544


2021
Allowance for credit losses	$	476	$	1,428	(a)	$	—		$	(580)	(b)	$	1,324
Deferred tax valuation allowance	51,689		20,858		(g)	(20,524)		(h)	—			52,023

_____________________

(a) Additions to the allowance for credit losses are charged to expense.

(b) Write-off of reserved accounts receivable, net of recoveries.

(c) Amount is due primarily to federal and state NOL utilization, partially offset by deferred tax assets for capitalized research and development expenses.

(d) Amount is due primarily to currency translation adjustments on foreign NOLs.

(e) Amount is due primarily to deferred tax assets for capitalized research and development expenses, partially offset by federal and state NOL utilization.

(f) Amount is due primarily to the change in attributes resulting from the final Spin-off allocation.

(g) Amount is due primarily to federal and state NOLs and other carryforwards.

(h) Amount is due primarily to the decrease in attributes resulting from the Spin-off allocation, partially offset by the acquisition of foreign NOLs.

EARNINGS (LOSS) PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Numerator:
Net earnings (loss)	$ 22,032	$ (79,591)	$ (52,767)
Less: Net earnings attributed to participating security	(475)	0	0
Net earnings (loss) attributable to common stock shareholders	$ 21,557	$ (79,591)	$ (52,767)
Denominator:
Weighted average basic common shares outstanding (in shares)	163,238	161,478	159,884
Basic Earnings (loss) per share (in USD per share)	$ 0.13	$ (0.49)	$ (0.33)
Numerator:
Net earnings (loss)	$ 22,032	$ (79,591)	$ (52,767)
Less: Net earnings attributed to participating security	(469)	0	0
Net earnings (loss) attributable to common stock shareholders	$ 21,563	$ (79,591)	$ (52,767)
Denominator:
Weighted average basic common shares outstanding (in shares)	163,238	161,478	159,884
Dilutive securities (in shares)	2,033	0	0
Weighted average diluted common shares outstanding (in shares)	165,271	161,478	159,884
Antidilutive securities (in shares)	21,461	36,030	25,702
Diluted Earnings (loss) per share (in USD per share)	$ 0.13	$ (0.49)	$ (0.33)

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

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

Vimeo's financial instruments that are measured at fair value on a recurring basis are as follows:


	December 31, 2023
	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:

Money market funds	$	274,212	$	—	$	—	$	274,212
Time deposits	—		6,098		—		6,098
Total	$	274,212	$	6,098	$	—	$	280,310

Liabilities:
Contingent consideration arrangements	$	—	$	—	$	—	$	—


	December 31, 2022
	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:

Money market funds	$	249,422	$	—	$	—	$	249,422
Time deposits	—		847		—		847
Total	$	249,422	$	847	$	—	$	250,269

Liabilities:
Contingent consideration arrangements	$	—	$	—	$	7,845	$	7,845

Schedule of Fair Value on a Recurring Basis using Significant Unobservable Inputs

The changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3) are as follows:


	Year Ended December 31, 2023		Year Ended December 31, 2022
	(In thousands)
Balance at beginning of period	$	7,845	$	12,200

Total net losses (gains):
Included in operating income (loss):	(396)		(1,116)
Measurement period adjustments	—		1,577
Settlements	(7,449)		(4,816)
Balance at end of period	$	—	$	7,845

LEASES - Lease Expense Income Statement Classification (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Lease expense, net	$ 6,818	$ 8,470	$ 4,556
Cost of revenue
Lessee, Lease, Description [Line Items]
Lease expense, net	692	806	304
Research and development expense
Lessee, Lease, Description [Line Items]
Lease expense, net	2,048	2,613	1,984
Sales and marketing expense
Lessee, Lease, Description [Line Items]
Lease expense, net	2,229	1,622	1,163
General and administrative expense
Lessee, Lease, Description [Line Items]
Lease expense, net	$ 1,849	$ 3,429	$ 1,105

SHAREHOLDERS' EQUITY	12 Months Ended
SHAREHOLDERS' EQUITY	Dec. 31, 2023
Equity [Abstract]
SHAREHOLDERS' EQUITY	SHAREHOLDERS' EQUITY Description of Vimeo Common Stock and Vimeo Class B Common Stock Except as described herein, shares of Vimeo common stock and Vimeo Class B common stock are identical. In general, the holders of Vimeo common stock vote together as a single class with the holders of Vimeo Class B common stock on all matters, including the election of directors; provided, however, that the holders of Vimeo common stock, acting as a single class, are entitled to elect twenty-five percent (25%) of the total number of Vimeo directors, rounded up to the next whole number in the event of a fraction. Each outstanding share of Vimeo common stock and Vimeo Class B common stock entitles the holder to one vote per share and ten votes per share, respectively. The holders of shares of Vimeo common stock and the holders of shares of Vimeo Class B common stock are entitled to receive, share for share, such dividends as may be declared by Vimeo's Board of Directors (the "Board") out of funds legally available for the payment of dividends. In the event of a liquidation, dissolution, distribution of assets or winding-up of Vimeo, the holders of shares of Vimeo common stock and Vimeo Class B common stock are entitled to receive, share for share, all the assets available for distribution after payment of a proper amount to the holders of any series of Vimeo preferred stock, including any series that may be issued in the future. Upon completion of the Spin-off, Vimeo amended and restated its certificate of incorporation such that it is authorized to issue 1,600,000,000 shares of Vimeo common stock and 400,000,000 shares of Vimeo Class B common stock. Vimeo Restricted Shares Vimeo Restricted Shares (held by Joseph Levin, Special Advisor to the Board and former Chairman and member of the Board) totaling 3,247,000 shares and 4,870,500 shares were reflected in the accompanying consolidated balance sheet within "Common Stock" at December 31, 2023 and 2022, respectively. Vimeo Restricted Shares have a non-forfeitable dividend right in the event the Company declares a cash dividend to common shareholders and participates in all other distributions of the Company in the same manner as all other Vimeo common shareholders. Description of Preferred Stock The Board is authorized to provide for the issuance of shares of preferred stock, and any class or series thereof, and to assign the designations, powers, preferences and rights to each such class or series and any qualifications, limitations or restrictions. There have been no preferred stock issuances to date. Sale of Common Stock In January 2021, Vimeo OpCo raised $300 million of equity capital via the sale of 6.2 million shares of its 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 its Class A Voting common stock for $100 million, or $35.35 per share, at a $5.7 billion pre-money valuation. Stock Repurchase Program On February 25, 2022, the Board authorized a stock repurchase program of up to $50 million of the Company’s common stock through open market or private transactions. Under the stock repurchase authorization, Vimeo may repurchase shares of its common stock at any time or from time to time, without prior notice, subject to market conditions and other considerations, as determined by management. Vimeo's repurchases may be made through 10b5-1 plans, open market purchases, privately negotiated transactions, block purchases or other transactions. No date has been established for the completion of the stock repurchase program. Vimeo intends to fund repurchases under the repurchase program from cash on hand. Vimeo has no obligation to repurchase any shares under the repurchase program and may suspend or discontinue it at any time. There were no shares repurchased during the years ended December 31, 2023 and 2022.

- Definition

The entire disclosure for equity.

+ References

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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

RESTRUCTURING

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

RESTRUCTURING

During the quarters ended March 31, 2023 and September 30, 2022, the Company completed evaluations to sufficient levels of detail to commit to restructuring plans that resulted in reductions to its workforce of approximately 11% and 6%, respectively. One-time termination benefits provided as part of the restructuring plans include severance, continuation of health insurance coverage and other benefits for a specified period of time, which resulted in $4.9 million and $4.2 million of restructuring costs for the years ended December 31, 2023 and 2022, respectively.

Costs related to these restructuring plans have been recognized in the accompanying consolidated statement of operations as follows:


	Year Ended December 31,
	2023		2022
	(In thousands)
Restructuring costs:
Cost of Revenue	$	298	$	—
Research and development expense	2,813		2,282
Sales and marketing expense	1,078		1,133
General and administrative expense	699		768
Total	$	4,888	$	4,183

As of December 31, 2023, all payments under the restructuring plans have been made.

RELATED PARTY TRANSACTIONS - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jan. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Current lease liabilities		$ 2,661	$ 2,979
Long-term lease liabilities		10,775	16,335
Repayment of outstanding related party debt		0	0	$ 94,565
Affiliated Entity
Related Party Transaction [Line Items]
Repayment of outstanding related party debt	$ 99,500
Payment of accrued interest	$ 4,900
Affiliated Entity \| January 2021 Promissory Note
Related Party Transaction [Line Items]
Stated interest rate (as a percent)	10.00%
IAC/InterActive Corp \| Affiliated Entity
Related Party Transaction [Line Items]
Current lease liabilities		2,300	2,000
Long-term lease liabilities		10,700	13,000
Allocated costs				1,000
IAC/InterActive Corp \| IAC Health and Welfare Benefit Plans and Other Non-Occupancy \| Affiliated Entity
Related Party Transaction [Line Items]
Expenses incurred with related party		800	3,600	12,800
IAC/InterActive Corp \| IAC Health And Welfare Benefit Plans And Other Non-Occupancy, Coverage Prior To Spin-Off \| Affiliated Entity
Related Party Transaction [Line Items]
Expenses incurred with related party		800
IAC/InterActive Corp \| IAC Headquarters Occupancy and Subsidiary of Angi Occupancy \| Affiliated Entity
Related Party Transaction [Line Items]
Rent expense		$ 3,500	$ 4,600	$ 4,400

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Contingent consideration payment				$ 5,774	$ 4,816	$ 0
Contingent consideration arrangements				0	7,845
Accounts payable and other liabilities				(7,744)	$ (23,760)	$ 13,948
Wibbitz
Business Acquisition [Line Items]
Contingent consideration payment	$ 2,500			$ 2,500
Contingent consideration arrangements, gain (loss)	$ 500
Wirewax
Business Acquisition [Line Items]
Contingent consideration payment			$ 4,800
Contingent consideration arrangements, gain (loss)		$ (100)
Revenue threshold term (in years)				2 years
Contingent consideration arrangements		$ 5,000
Wirewax \| Contingent Consideration Liability
Business Acquisition [Line Items]
Contingent consideration payment				$ 3,300
Accounts payable and other liabilities				$ 1,700

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

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, 2023 principally consist of payments for various cloud computing contracts and are as follows:


	Amount of Commitment Expiration Per Period
	Less Than 1 Year		1-3 Years		3-5 Years		More Than 5 Years		Total Amounts Committed
	(In thousands)
Purchase obligations	$	56,634	$	2,712	$	—	$	—	$	59,346

Contingencies

In the ordinary course of business, Vimeo is, and from time to time may become, a party to various legal proceedings. 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 4—Income Taxes" for additional information related to income tax contingencies.

EMI/Capitol Records Copyright Infringement Litigation

In December 2009, a group of music publishers owned by EMI Music Publishing (now owned by Sony/ATV Music Publishing, a subsidiary of Sony Entertainment) and a group of then EMI-affiliated record companies, including Capitol Records (now owned by Universal Music Group), filed two lawsuits against Vimeo and its former owner, Connected Ventures, in the U.S. District Court for the Southern District of New York. See Capitol Records, LLC v. Vimeo, LLC, No. 09 Civ. 10101 (S.D.N.Y.) and EMI Blackwood Music, Inc. v. Vimeo, LLC, No. 09 Civ. 10105 (S.D.N.Y.). In both cases, plaintiffs allege that Vimeo infringed their music copyrights (in the publishers' musical compositions and the record companies' sound recordings) by hosting and streaming videos uploaded by users (and in certain cases, former employees) featuring their musical works. Plaintiffs seek, among other things, injunctive relief and monetary damages. The initial complaints identified 199 videos as infringing (which Vimeo removed post-suit).

Prior to suit, plaintiffs did not avail themselves of their right to submit a takedown notice to Vimeo pursuant to the online safe harbor provisions of the Digital Millennium Copyright Act of 1998 ("DMCA"), which limits the liability of online service providers for copyright infringement of their users when the provider takes certain measures. Vimeo asserts that the DMCA limits its liability because it complies with the DMCA and plaintiffs failed to submit takedown notices. Plaintiffs disagree, asserting various theories as to why the DMCA may not apply to some or all of the videos-in-suit.

The district court bifurcated proceedings and required the parties to first litigate the issue of whether Vimeo satisfied the DMCA's safe harbor provisions. On September 18, 2013, the district court granted partial summary judgment to Vimeo on 144 of the 199 original videos-in-suit on the ground that Vimeo complied with the threshold requirements of the DMCA and that there was no evidence that a Vimeo employee had watched the videos in question such that Vimeo had actual or "red flag" knowledge of infringement, which would disqualify the DMCA's application. The court denied summary judgment as to 35 videos-in-suit on the ground that there was a material question of fact as to whether Vimeo had "red flag" knowledge of infringement based upon employees having watched all or part of these videos. The court further held that the DMCA did not apply to the record companies' state-law claims regarding sound recordings fixed before February 1972; a trial was necessary to

determine whether Vimeo was liable for employees who uploaded approximately 20 videos; and that plaintiffs should be permitted to amend their complaints to add over 1,500 videos allegedly infringing their copyrights (which Vimeo removed after receiving plaintiffs' proposed amended complaint).

Vimeo sought and obtained the right to appeal certain issues on an interlocutory basis to the U.S. Court of Appeals for the Second Circuit. On June 16, 2016, the Second Circuit held that (1) the district court had applied the incorrect summary-judgment standard for "red flag" infringement and that evidence that an employee watched all or part of a video containing plaintiffs' music did not raise a genuine issue of fact as to whether Vimeo had "red flag" knowledge in such video; (2) the DMCA applies to state-law copyright infringement claims predicated on pre-1972 sound recordings; and (3) on an issue raised by plaintiffs in their cross-appeal, the record did not show that Vimeo was willfully blind towards infringing activity taking place on its platform. As a result of these rulings, the Second Circuit partially vacated the district court's ruling and remanded the case for further proceedings consistent with its judgment.

On March 31, 2018, the district court granted Vimeo’s motion to dismiss plaintiffs' state-law unfair competition claims on the grounds that they were state-law copyright claims covered by the DMCA per the Second Circuit's judgment. On May 28, 2021, the district court granted Vimeo summary judgment as to videos for which the sole remaining basis of liability was the assertion that Vimeo had "red flag" knowledge of infringement. On August 26, 2021, the district court approved a stipulation whereby plaintiffs agreed to conditionally dismiss all remaining claims to allow a final judgment to issue. Under the stipulation, plaintiffs may refile their claims regarding the alleged employee-uploaded videos if the Second Circuit reverses the district court's other rulings in whole or in part. On November 1, 2021, the district court entered a final judgment adopting the terms of the parties' stipulation. On November 29, 2021, plaintiffs filed an appeal to the U.S. Court of Appeals for the Second Circuit. The appeal has been fully briefed and argued.

Vimeo believes that the allegations in these lawsuits are without merit and will defend vigorously against them.

RTI Copyright Litigation

Between 2012 and 2017, Italian broadcaster Reti Televisive Italiane s.p.a. and an affiliate thereof (collectively, "RTI") filed four lawsuits for copyright infringement against Vimeo in the Civil Court of Rome. See Reti Televisive Italiane s.p.a. v. Vimeo, LLC, Cause Nos. 23732/12, 62343/2015, and 59780/2017 (Rome Civil Court), and Medusa Film v. Vimeo, Inc., Cause No. 74775/2017 (Rome Civil Court). In each case, RTI asserts that Vimeo infringed its copyrights by hosting and streaming user-uploaded videos that allegedly contain RTI's television or film programming, and seeks, among other things, injunctive relief and monetary damages.

On January 15, 2019, the Civil Court of Rome concluded the first case (No. 23732/12) and entered a judgment against Vimeo, awarding RTI damages of €8,500,000 plus interest and entering an injunction against Vimeo with respect to further acts of infringement. Vimeo filed an appeal and petitioned to stay the judgment pending appeal. On May 13, 2019, the Rome Court of Appeals stayed the judgment pending appeal. On August 10, 2022, the Rome Court of Appeals affirmed the judgment. Vimeo is now appealing to the Italian Supreme Court of Cassation.

On June 2, 2019, the Civil Court of Rome concluded the second case (No. 62343/2015) and entered a judgment against Vimeo, awarding RTI damages of €4,746,273 plus interest and entering an injunction against Vimeo as to further acts infringement. Vimeo filed an appeal and petitioned to stay the judgment pending appeal. The Rome Court of Appeals declined to stay the judgment. On October 12, 2023, the Rome Court of Appeals published its decision affirming the lower court's judgment on liability but reducing the amount of damages to €3,865,161 plus interests and costs. Vimeo has appealed to the Italian Supreme Court of Cassation.

To pursue enforcement of the judgments in the United States, RTI initially commenced a lawsuit against Vimeo in the U.S. District Court for the Southern District of New York on October 26, 2020 to enforce the June 2019 judgment. See Reti Televisive Italiane s.p.a. v. Vimeo, LLC, No. 20 Civ. 8954 (S.D.N.Y.). On December 22, 2020, Vimeo and RTI filed, and the district court entered, a stipulation and order staying the U.S. proceedings pending the final outcome of the appeals from the Italian judgment at issue. On June 1, 2023, RTI filed an action in the Supreme Court of New York, New York County to enforce the Civil Court's judgment of €8,500,000 (No. 652646/2023). The case was removed to federal court and is now pending in the Southern District of New York. See Reti Televisive Italiane S.p.A. v. Vimeo.com, Inc, No. 23 Civ. 05488 (S.D.N.Y.). On October 20, 2023, the U.S. District Court for the Southern District of New York entered an order lifting the stay of the U.S. enforcement proceedings in the first case (No. 20 Civ. 8954) and consolidating the two enforcement proceedings

(No. 20 Civ. 8954 and No. 23 Civ. 05488). Vimeo has filed a Motion for Summary Judgement or, in the Alternative, to Stay the Case.

On April 7, 2023, the Civil Court of Rome published a decision finding in favor of Vimeo and dismissing the third case (No. 59780/2017) in its entirety. On October 9, 2023, RTI served Vimeo with its appeal challenging the court's decision in the third case.

On October 18, 2022, the Civil Court of Rome issued a decision in the fourth case, Medusa Film v. Vimeo, Inc. (No. 74775/2017) finding liability but rejecting RTI's damage calculation and reserving judgment as to the amount of damages. On November 30, 2022, RTI served a notice of appeal challenging the court's decision on damages.

Vimeo believes that the allegations in these lawsuits are without merit and will defend vigorously against them.

Sony/Universal/Warner Copyright Litigation

In March 2021, Sony Music Entertainment Italy (a subsidiary of Sony Music Entertainment Group), Warner Music Italia (a subsidiary of Warner Music Group), Universal Music Italia (a subsidiary of Universal Music Group), and Warner Music International Services (a subsidiary of Warner Music Group) filed a lawsuit against Vimeo in the Court of Milan alleging violations of Italian copyright and unfair competition laws. See Sony Music Entertainment Italy s.p.a. et al. v. Vimeo, Inc., Case No. 10977/2021 (Court of Milan, Business Division). The complaint alleges that Vimeo infringed plaintiffs' copyrights by hosting and streaming user-uploaded videos that contain plaintiffs' copyrighted works and that, upon notification of the alleged infringement, Vimeo employed a takedown process that did not comply with Italian law. The complaint seeks, among other things, injunctive relief and damages to be quantified in a separate proceeding. Additionally, the complaint seeks potential penalties of €10,000 per day of delay in removing unauthorized works after receipt of a court order to do so, if applicable. On November 3, 2021, Vimeo filed its initial brief. On November 23, 2021, the parties attended the initial hearing with the Court of Milan where the court set forth a briefing schedule. The parties have exchanged briefs, and the hearing scheduled for December 19, 2023 was postponed to June 26, 2024.

Vimeo believes that the allegations in this lawsuit are without merit and will defend vigorously against them.

STOCK-BASED COMPENSATION - Restricted Stock Units (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restricted Stock Units (RSUs)
Number of Shares
Unvested, beginning balance (in shares)	15,934
Granted (in shares)	5,875
Vested (in shares)	(4,111)
Forfeited (in shares)	(5,152)
Unvested, ending balance (in shares)	12,546	15,934
Weighted Average Grant Date Fair Value
Unvested, weighted average grant date fair value, beginning balance (in USD per share)	$ 11.80
Granted (in USD per share)	4.11	$ 8.17	$ 30.89
Vested (in USD per share)	12.06
Forfeited (in USD per share)	12.22
Unvested, weighted average grant date fair value, ending balance (in USD per share)	$ 7.95	11.80
Market Based Restricted Stock Units
Number of Shares
Granted (in shares)	500
Weighted Average Grant Date Fair Value
Granted (in USD per share)	$ 5.80	$ 7.25	$ 0

FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

Vimeo's financial instruments that are measured at fair value on a recurring basis are as follows:


	December 31, 2023
	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:

Money market funds	$	274,212	$	—	$	—	$	274,212
Time deposits	—		6,098		—		6,098
Total	$	274,212	$	6,098	$	—	$	280,310

Liabilities:
Contingent consideration arrangements	$	—	$	—	$	—	$	—


	December 31, 2022
	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:

Money market funds	$	249,422	$	—	$	—	$	249,422
Time deposits	—		847		—		847
Total	$	249,422	$	847	$	—	$	250,269

Liabilities:
Contingent consideration arrangements	$	—	$	—	$	7,845	$	7,845

Money market funds and time deposits are included in "Cash and cash equivalents" in the accompanying consolidated balance sheet. Contingent consideration is included in "Accrued expenses and other current liabilities" in the accompanying consolidated balance sheet as of December 31, 2022.

Vimeo's non-financial assets (which consist primarily of goodwill, ROU assets, and intangible assets with definite lives) are adjusted to fair value only if an impairment is recognized. Such fair value measurements are based predominantly on Level 3 inputs.

The changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3) are as follows:


	Year Ended December 31, 2023		Year Ended December 31, 2022
	(In thousands)
Balance at beginning of period	$	7,845	$	12,200

Total net losses (gains):
Included in operating income (loss):	(396)		(1,116)
Measurement period adjustments	—		1,577
Settlements	(7,449)		(4,816)
Balance at end of period	$	—	$	7,845

Contingent Consideration Arrangements

The contingent consideration arrangement for Wibbitz was based upon the amount of annual recurring revenue ("ARR") from Wibbitz subscribers who were expected to migrate to the Vimeo platform. In the third quarter of 2023, the contingent consideration arrangement was finalized, which resulted in a payment of $2.5 million to Wibbitz's former shareholders, and a $0.5 million gain was recorded within "General and administrative expense" in the accompanying consolidated statement of operations. In the accompanying consolidated statement of cash flows, the final $2.5 million payment is included in "Contingent consideration payment" within financing activities.

The contingent consideration arrangement for WIREWAX was based upon achievement of an integration milestone and attainment of certain ARR thresholds within two years of the acquisition. In the first quarter of 2023, WIREWAX achieved the ARR threshold that resulted in a payment of $5.0 million to its former shareholders and a $0.1 million loss was recorded within "General and administrative expense" in the accompanying consolidated statement of operations. In the accompanying consolidated statement of cash flows, the final $5.0 million payment is included in "Contingent consideration payment" within financing activities and "Accounts payable and other liabilities" within operating activities for $3.3 million and $1.7 million, respectively. Additionally, in the third quarter of 2022, the integration milestone was met that resulted in a payment of $4.8 million, which was consistent with the fair value estimated as of the acquisition date and is included in "Contingent consideration payment" within financing activities in the accompanying consolidated statement of cash flows.

- 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

FINANCIAL STATEMENT DETAILS - Other Income, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interest income	$ 12,640	$ 3,866	$ 83
Foreign exchange gains (losses), net	259	1,893	(2)
(Loss) gain on sale of an asset	(37)	0	10,151
Other, net	0	5	9
Other income, net	$ 12,862	$ 5,764	$ 10,241

FINANCIAL STATEMENT DETAILS (Tables)

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Cash and Cash Equivalents


	December 31, 2023		December 31, 2022		December 31, 2021		December 31, 2020
	(In thousands)
Cash and cash equivalents	$	301,372	$	274,497	$	321,900	$	110,011
Restricted cash included in other current assets	64		337		445		26
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$	301,436	$	274,834	$	322,345	$	110,037

Schedule of Restricted Cash


	December 31, 2023		December 31, 2022		December 31, 2021		December 31, 2020
	(In thousands)
Cash and cash equivalents	$	301,372	$	274,497	$	321,900	$	110,011
Restricted cash included in other current assets	64		337		445		26
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$	301,436	$	274,834	$	322,345	$	110,037

Schedule of Prepaid Expenses and Other Current Assets


	December 31,
	2023		2022
	(In thousands)
Prepaid expenses	$	14,395	$	12,503
Other current assets	9,096		5,892
Prepaid expenses and other current assets	$	23,491	$	18,395

Schedule of Accrued Expenses and Other Current Liabilities


	December 31,
	2023		2022
	(In thousands)
Accrued employee compensation and benefits	$	27,519	$	21,924

Other accrued expenses and current liabilities(a)	26,054		35,227
Accrued expenses and other current liabilities	$	53,573	$	57,151

____________________

(a) As of December 31, 2023 and 2022, includes $2.3 million and $2.0 million, respectively, related to the operating lease agreements as described in "Note 15—Related Party Transactions."

Schedule of Other Income, Net

The components of "Other income, net" are as follows:


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Interest income	12,640		3,866		83
Foreign exchange gains (losses), net	$	259	$	1,893	$	(2)
(Loss) gain on sale of an asset (a)	(37)		—		10,151
Other, net	—		5		9
Other income, net	$	12,862	$	5,764	$	10,241

____________________

(a) (Loss) gain on sale of an asset in 2021 represents a net gain of $10.2 million related to the sale of Vimeo’s retained interest in its former hardware business.

Schedule of Supplemental Disclosure of Cash Flow Information


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Cash received (paid) during the year for:
Interest payments	$	(151)	$	(203)	$	(5,064)
Income tax payments	(1,434)		(1,336)		(801)
Income tax refunds	125		123		62

CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 22,032	$ (79,591)	$ (52,767)
Other comprehensive income (loss):
Change in foreign currency translation adjustments	132	(745)	1
Total other comprehensive income (loss)	132	(745)	1
Comprehensive income (loss)	$ 22,164	$ (80,336)	$ (52,766)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

- Definition

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

+ References

+ Details

CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue	$ 417,214	$ 433,028	$ 391,678
Cost of revenue (exclusive of depreciation shown separately below)	91,576	103,595	102,537
Gross profit	325,638	329,433	289,141
Operating expenses:
Research and development expense	107,074	127,661	105,586
Sales and marketing expense	151,487	170,401	152,691
General and administrative expense	49,194	107,011	85,111
Depreciation	1,997	2,198	923
Amortization of intangibles	2,839	5,100	5,846
Total operating expenses	312,591	412,371	350,157
Operating income (loss)	13,047	(82,938)	(61,016)
Other income, net	12,862	5,764	10,241
Earnings (loss) before income taxes	24,911	(77,665)	(51,939)
Income tax provision	(2,879)	(1,926)	(828)
Net earnings (loss)	$ 22,032	$ (79,591)	$ (52,767)
Per share information:
Basic earnings (loss) per share (in USD per share)	$ 0.13	$ (0.49)	$ (0.33)
Diluted earnings (loss) per share (in USD per share)	$ 0.13	$ (0.49)	$ (0.33)
Stock-based compensation expense by function:
Total stock-based compensation expense	$ 12,042	$ 64,340	$ 44,893
Cost of revenue
Stock-based compensation expense by function:
Total stock-based compensation expense	996	1,000	493
Research and development expense
Stock-based compensation expense by function:
Total stock-based compensation expense	15,753	20,447	16,114
Sales and marketing expense
Stock-based compensation expense by function:
Total stock-based compensation expense	9,661	9,986	4,693
General and administrative expense
Stock-based compensation expense by function:
Total stock-based compensation expense	(14,368)	32,907	23,593
Nonrelated Party
Operating expenses:
Interest expense	(998)	(491)	(438)
Related Party
Operating expenses:
Interest expense	$ 0	$ 0	$ (726)

INCOME TAXES - Components of Income Tax Provision (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current income tax provision:
Federal	$ 294	$ 81	$ 52
State	466	88	85
Foreign	1,402	1,351	761
Current income tax provision	2,162	1,520	898
Deferred income tax provision (benefit):
Federal	167	37	(20)
State	0	(4)	(5)
Foreign	550	373	(45)
Deferred income tax provision (benefit)	717	406	(70)
Income tax provision	$ 2,879	$ 1,926	$ 828

CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 301,372	$ 274,497
Accounts receivable, net of allowance of $2,728 and $5,183 at December 31, 2023 and December 31, 2022, respectively	26,605	31,434
Prepaid expenses and other current assets	23,491	18,395
Total current assets	351,468	324,326
Leasehold improvements and equipment, net	607	1,355
Goodwill	245,406	245,406
Intangible assets with definite lives, net	2,629	5,468
Other non-current assets	22,810	28,876
TOTAL ASSETS	622,920	605,431
LIABILITIES:
Accounts payable, trade	4,696	8,415
Deferred revenue	168,610	167,388
Accrued expenses and other current liabilities	53,573	57,151
Total current liabilities	226,879	232,954
Other long-term liabilities	13,809	18,619
Commitments and contingencies
SHAREHOLDERS' EQUITY:
Preferred stock, value	0	0
Additional paid-in capital	774,587	768,390
Accumulated deficit	(393,335)	(415,367)
Accumulated other comprehensive loss	(699)	(831)
Total shareholders' equity	382,232	353,858
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	622,920	605,431
Common Stock
SHAREHOLDERS' EQUITY:
Common stock, value	1,585	1,572
Class B common stock
SHAREHOLDERS' EQUITY:
Common stock, value	$ 94	$ 94

INCOME TAXES

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

INCOME TAXES

Vimeo was included within IAC’s tax group for purposes of federal and consolidated state income tax return filings through the Spin-off. For the year ended December 31, 2021, the current and deferred income tax provision were computed on an as if standalone, separate tax return basis. For the years ended December 31, 2023 and 2022, the income tax provision was computed for Vimeo on a true standalone basis.

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


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
U.S.	$	15,189	$	(90,500)	$	(54,085)
Foreign	9,722		12,835		2,146
Earnings (loss) before income taxes	$	24,911	$	(77,665)	$	(51,939)

The income tax provisions for the years ended December 31, 2023, 2022, and 2021 primarily relate to international and state taxes for jurisdictions in which Vimeo conducts business and are as follows:


	December 31,
	2023		2022		2021
	(In thousands)
Current income tax provision:
Federal	$	294	$	81	$	52
State	466		88		85
Foreign	1,402		1,351		761
Current income tax provision	2,162		1,520		898

Deferred income tax provision (benefit):
Federal	167		37		(20)
State	—		(4)		(5)
Foreign	550		373		(45)
Deferred income tax provision (benefit)	717		406		(70)
Income tax provision	$	2,879	$	1,926	$	828

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,
	2023		2022
	(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	14,566	$	31,069
Tax credit carryforwards	13,509		12,138
Accrued bonus	3,745		2,449

Stock-based compensation	10,767		10,209
Capitalized research and development expenses	26,977		14,242
Other	4,569		7,509
Total deferred tax assets	74,133		77,616
Less: valuation allowance	(62,108)		(67,544)
Net deferred tax assets	12,025		10,072

Deferred tax liabilities:
Prepaid expenses	(5,468)		(4,834)
Intangible assets with definite lives	(3,308)		(925)
Right-of-use assets	(3,303)		(3,755)
Withholding taxes	(1,083)		(905)
Other	(56)		(106)
Total deferred tax liabilities	(13,218)		(10,525)
Net deferred tax liabilities (a)	$	(1,193)	$	(453)

____________________

(a) Net deferred tax liabilities are included in "Other long-term liabilities" in the accompanying consolidated balance sheet.

The composition of Vimeo's NOLs as of December 31, 2023 is as follows:


	Federal		State		Foreign		Total
	(In thousands)
Subject to expiration (a)	$	139	$	44,538	$	—	$	44,677
Indefinite carryforward (b)	12,999		5,747		40,851		59,597
Total NOLs (c)	$	13,138	$	50,285	$	40,851	$	104,274

____________________

(a) Federal NOL will expire in 2035 and state NOLs will expire at various times between 2026 through 2042.

(b) All indefinite carryforward federal NOLs are subject to the Tax Cuts and Jobs Act 80% taxable income limitation.

(c) State NOLs of $1.7 million are subject to limitations under IRC Section 382, separate return limitations, and applicable law.

At December 31, 2023, Vimeo has tax credit carryforwards of $16.9 million. Of this amount, $14.7 million relates to credits for research activities and $2.2 million relates to credits for foreign taxes. These credit carryforwards will expire between 2026 and 2043.

During 2023, Vimeo's valuation allowance decreased by $5.4 million, primarily due to net operating loss utilization, partially offset by deferred tax assets for research and development expenses. At December 31, 2023, Vimeo has a valuation

allowance of $62.1 million related to deferred tax assets on temporary differences, tax credits, and tax loss carryforwards 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 loss before income taxes is shown as follows:


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Income tax benefit at the federal statutory rate of 21%	$	5,231	$	(16,310)	$	(10,907)
State income taxes, net of effect of federal tax benefit	(359)		(1,559)		(2,086)
Global intangible low-taxed income	2,864		1,307		—
Section 250 deductions	(1,350)		—		—
Return to provision	2,283		(765)		(2,249)
Valuation allowance	(4,543)		12,736		20,858

Stock-based compensation	(709)		8,838		(4,041)
Non-deductible executive compensation	377		42		376
Tax credits	(2,441)		(2,631)		(2,163)
Uncertain tax positions	461		—		—
Deferred tax adjustments	1,242		(205)		63

Transaction costs	—		18		698
Other, net	(177)		455		279
Income tax provision	$	2,879	$	1,926	$	828

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


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Balance at beginning of period	$	2,523	$	2,519	$	1,921
Additions based on tax positions related to prior years	1,413		74		—
Settlements	—		(821)		(329)
Additions based on tax positions related to the current year	712		751		927
Balance at end of period	$	4,648	$	2,523	$	2,519

At December 31, 2023, 2022, and 2021, unrecognized tax benefits, including interest and penalties, were $4.6 million, $2.5 million, and $2.5 million, respectively. A portion of unrecognized tax benefits as of December 31, 2023 relates to tax positions included in IAC's consolidated tax return filings. If unrecognized tax benefits at December 31, 2023 are subsequently recognized $0.5 million, net of related deferred tax assets and interest, would decrease income tax expense. Vimeo does not expect any settlements or changes to the existing unrecognized tax benefits by December 31, 2024.

Vimeo is routinely under audit by federal, state, local, and foreign authorities as a result of previously filed separate company and consolidated tax returns with IAC. These audits include questioning the timing, amount, and allocation of income and deductions among various tax jurisdictions. The Internal Revenue Service ("IRS") has completed its audit of IAC's federal income tax returns for the years ended December 31, 2013 through 2019, which includes the operations of the Company. On June 27, 2023, the Joint Committee of Taxation completed its review of the federal income tax returns for the years ended December 31, 2013 through 2019, which include the operations of the Company, and approved the audit settlement previously agreed to with the Internal Revenue Services ("IRS"). The statute of limitations for the years 2013 through 2019 expired on December 31, 2023. Various other jurisdictions are open to examination for tax years beginning with 2014. The liability for uncertain tax positions, which is included in "Other long-term liabilities" in the accompanying consolidated balance sheet, includes 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
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-Paragraph 1
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-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

EARNINGS (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

The computation of basic and diluted earnings (loss) per share attributable to common shareholders is as follows:


	Years Ended December 31,
	2023		2022		2021
	(In thousands, except per share data)
Basic EPS:
Numerator:
Net earnings (loss)	$	22,032	$	(79,591)	$	(52,767)
Less: Net earnings attributed to participating security	(475)		—		—
Net earnings (loss) attributable to common stock shareholders	$	21,557	$	(79,591)	$	(52,767)
Denominator: (a)
Weighted average basic common shares outstanding	163,238		161,478		159,884


Basic Earnings (loss) per share	$	0.13	$	(0.49)	$	(0.33)

Diluted EPS:
Numerator:
Net earnings (loss)	$	22,032	$	(79,591)	$	(52,767)
Less: Net earnings attributed to participating security	(469)		—		—
Net earnings (loss) attributable to common stock shareholders	$	21,563	$	(79,591)	$	(52,767)
Denominator: (a)
Weighted average basic common shares outstanding	163,238		161,478		159,884
Dilutive securities	2,033		—		—
Weighted average diluted common shares outstanding	165,271		161,478		159,884

Antidilutive securities	21,461		36,030		25,702


Diluted Earnings (loss) per share	$	0.13	$	(0.49)	$	(0.33)

_____________________

(a) Vimeo Restricted Shares were included in shares of common stock issued and outstanding at December 31, 2023 and 2022 in the accompanying consolidated balance sheet, but were excluded from the computation of average basic common shares outstanding for EPS purposes for all periods presented because the number of shares that ultimately vest is subject to the satisfaction of certain market-based conditions.

FAIR VALUE MEASUREMENTS - Fair Value on a Recurring Basis using Significant Unobservable Inputs (Details) - Contingent Consideration Liability - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	$ 7,845	$ 12,200
Included in operating income (loss):	(396)	(1,116)
Measurement period adjustments	0	1,577
Settlements	(7,449)	(4,816)
Balance at end of period	$ 0	$ 7,845

Cover Page - USD ($) $ in Millions	12 Months Ended
Cover Page - USD ($) $ in Millions	Dec. 31, 2023	Feb. 15, 2024	Jun. 30, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	001-40420
Entity Registrant Name	VIMEO, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-4334195
Entity Address, Address Line One	330 West 34th Street
Entity Address, Address Line Two	5th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10001
City Area Code	212
Local Phone Number	524-8791
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	VMEO
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 629
Documents Incorporated by Reference	Portions of Part III of this Annual Report are incorporated by reference to the Registrant’s proxy statement for its 2024 Annual Meeting of Stockholders.
Entity Central Index Key	0001837686
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		158,644,681
Class B common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		9,399,250

GOODWILL AND INTANGIBLE ASSETS WITH DEFINITE LIVES - Changes in the Carrying Value of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill
Balance at beginning of period	$ 245,406	$ 242,586
Measurement period adjustments	0	2,820
Balance at end of period	$ 245,406	$ 245,406

- Definition

+ References + Details

REVOLVING CREDIT FACILITY (Details)	Jun. 30, 2023 USD ($)
Revolving Credit Facility \| Vimeo Credit Facility
Revolving Credit Facility [Line Items]
Maximum borrowing capacity	$ 100,000,000

ORGANIZATION AND BASIS OF PRESENTATION (Details)	May 25, 2021 $ / shares
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Common stock, par value (in USD per share)	$ 0.01

LEASES - Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
LEASES - Lease Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Fixed	$ 4,449	$ 5,971	$ 3,884
Short-term	2,131	2,273	553
Variable	238	226	119
Total lease expense, net	$ 6,818	$ 8,470	$ 4,556

FINANCIAL STATEMENT DETAILS - Cash and Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 301,372	$ 274,497	$ 321,900	$ 110,011
Restricted cash included in other current assets	64	337	445	26
Total cash and cash equivalents and restricted cash as shown on the consolidated statement of cash flows	$ 301,436	$ 274,834	$ 322,345	$ 110,037

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Dec. 31, 2023
Accounting Policies [Abstract]
Description of Business	Description of Business 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. As used herein, "Vimeo," "Company," "we," "our" or "us" and similar terms in these consolidated financial statements refer to Vimeo, Inc. (formerly Vimeo Holdings, Inc.) and its subsidiaries (unless the context requires otherwise).
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") and with the rules and regulations of the Securities and Exchange Commission ("SEC"). The accompanying consolidated financial statements include all the assets, liabilities, revenues, expenses and cash flows of entities in which Vimeo has a controlling interest ("subsidiaries"), and in the opinion of management, include all adjustments considered necessary for a fair presentation. All intercompany balances and transactions between and among Vimeo and its subsidiaries have been eliminated. All related party balances between Vimeo and IAC and its subsidiaries are reflected in the accompanying consolidated balance sheet within "Accrued expenses and other current liabilities" and "Other long-term liabilities". All related party transactions between Vimeo and IAC and its subsidiaries, other than amounts related to the settlement of equity awards and principal payments to certain IAC subsidiaries, are reflected in the accompanying consolidated statement of cash flows as operating activities. Amounts related to the settlement of equity awards and principal payments to certain IAC subsidiaries, are reflected in the accompanying consolidated statement of cash flows as financing activities. Prior to the Spin-off, the consolidated financial statements of Vimeo OpCo and subsidiaries were prepared on a standalone basis and were derived from the historical accounting records of Vimeo OpCo and IAC. The accompanying consolidated financial statements reflect the historical financial position, results of operations and cash flows of Vimeo and its 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. Prior to the Spin-off, IAC allocated certain corporate expenses to Vimeo which were charged to "Additional paid-in capital" in the accompanying consolidated balance sheet. Additionally, income taxes were 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. 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, standalone company for the periods presented.
Accounting Estimates	Accounting Estimates Management of Vimeo is required to make certain estimates, judgments and assumptions during the preparation of its consolidated financial statements in accordance with GAAP that affect the amounts reported in the accompanying consolidated financial statements and footnotes thereto. Actual results could differ from these estimates. Significant estimates and judgments inherent in the preparation of the accompanying consolidated financial statements include those related to: the carrying value of accounts receivable, including the determination of the allowance for credit losses; the determination of the estimated customer relationship period for certain costs to obtain a contract with a customer; the carrying value of right-of-use assets ("ROU assets") and related lease liabilities; the useful lives and recoverability of 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.
Revenue Recognition, Deferred Revenue, Costs to Obtain a Contract with a Customer, and Cost of Revenue	Revenue Recognition Vimeo's revenue is derived primarily from fixed SaaS subscription fees paid by customers. Subscription periods generally range from one month to three years with the most common being an annual subscription and are generally non-cancellable. Vimeo's disaggregated revenue disclosures are presented in "Note 3—Revenue." 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. The transaction price, which generally reflects the fixed SaaS subscription fees listed in the terms of the contract, is the amount of consideration Vimeo expects to be entitled to in exchange for access to the Vimeo platform. The transaction price is recognized as revenue on a straight-line basis over the contractual term of the arrangement beginning on the date access is provided to the Vimeo platform, which is considered to be a series of distinct services that comprise a single performance obligation and have the same pattern of transfer over the contractual term. 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 are excluded from the measurement of the transaction price, and accordingly, not included as a component of revenue or cost of revenue. For contracts that have an original duration of one year or less, Vimeo does not consider the time value of money applicable to such contracts. Estimates of variable consideration are not significant. 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 term of the applicable subscription period or expected completion of its performance obligation is one year or less. 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. Cost of Revenue Cost of revenue consists primarily of hosting fees, credit card processing fees, compensation expense and other employee-related costs and stock-based compensation expense for personnel engaged in customer care functions, traffic acquisition costs, which includes the amortization of in-app purchase fees, outsourced customer care personnel costs, rent expense and facilities costs. In-app purchase fees are monies paid to Apple and Google in connection with the processing of in-app purchases of subscriptions and product features through the in-app payment systems provided by Apple and Google.
Research and Development Expense	Research and Development Expense Research and development expense consists primarily of compensation expense and other employee-related costs and stock-based compensation expense that are not capitalized for personnel engaged in the design, development, testing and enhancement of product offerings and related technology, software license and maintenance costs, rent expense and facilities costs.
Sales and Marketing Expense	Sales and Marketing Expense Sales and marketing expense consists primarily of advertising expenditures, which include 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 includes conferences and events, compensation expense and other employee-related costs and stock-based compensation expense for Vimeo's sales force and marketing personnel, software license and maintenance costs, rent expense and facilities costs.
General and Administrative Expense	General and Administrative Expense General and administrative expense consists primarily of compensation expense and other employee-related costs and stock-based compensation expense for personnel engaged in executive management, finance, legal, tax, information technology and human resources, provision for credit losses, fees for professional services, rent expense, facilities costs, software license and maintenance costs, and business insurance.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash and short-term investments, with maturities of 3 months or less from the date of purchase. Vimeo monitors concentrations of credit risk with respect to cash and cash equivalents by placing such balances with higher quality financial institutions or investing such amounts in liquid, short-term, highly-rated investments or investment funds holding similar instruments. At December 31, 2023, the significant majority of our cash and cash equivalents is held domestically, and primarily consists of money market funds invested with banks with a credit rating of Aaa. Additionally, at December 31, 2023 Vimeo did not have more than $100 million invested in any single bank or money market mutual fund.
Allowance for Credit Losses	Allowance for Credit Losses 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 customer-specific information, including the customer’s ability and intent to pay its obligation. The time between Vimeo's 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.
Leasehold Improvements and Equipment	Leasehold Improvements and Equipment Leasehold improvements and equipment are recorded at cost. Depreciation of leasehold improvements and equipment 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. Repairs and maintenance costs are expensed as incurred.
Leases	Leases Vimeo leases office space 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, determined using the Company's incremental borrowing rate on the lease commencement 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. Vimeo has elected not to record leases with an initial term of twelve months or less 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.
Business Combinations	Business Combinations The allocation of the purchase price to the assets acquired and liabilities assumed is based upon their fair values on the acquisition date, including identifiable intangible assets that either arise from a contractual or legal right or are separable from goodwill. Vimeo generally 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	Goodwill Vimeo assesses goodwill for impairment annually as of October 1 or more frequently if an event occurs or circumstances change that would indicate that a reporting unit's fair value is more likely than not below its carrying value. Goodwill is tested for impairment at the reporting unit level which is either an “operating segment,” or one level below, which is referred to as a “component.” The level at which the impairment test is performed requires judgment as to whether there are multiple operating segments and/or components, and if so, whether their operations are similar such that they should be aggregated for purposes of the impairment test. For purposes of performing the 2023 impairment test, management has determined that there is one operating segment and no components below that level, which results in a single reporting unit at the overall Vimeo level for purposes of testing goodwill for impairment. 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. No impairments to goodwill were recorded for the years ended December 31, 2023, 2022, and 2021.
Long-Lived Assets	Long-Lived Assets Long-lived assets 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 based on the pattern in which the economic benefits of the asset are expected to be realized, which is generally on a straight-line basis.
Fair Value Measurements	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 for which Vimeo must develop its own assumptions, based on the best information available in the circumstances, about the inputs that market participants would use in pricing the assets or liabilities.
Advertising Costs	Advertising Costs Advertising costs are expensed when incurred (when the advertisement first runs for production costs that are initially capitalized) and primarily include 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.
Income Taxes	Income Taxes 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 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. Vimeo records interest and penalties, 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. Vimeo has made an accounting policy election to treat Global Intangible Low-Taxed Income taxes as a current period expense rather than including these amounts in the measurement of deferred taxes.
Earnings per Share	Earnings per Share Vimeo common stock and Class B common stock are treated as one class of common stock for earnings per share ("EPS") purposes as both classes of common stock participate in earnings, dividends and other distributions on the same basis. Basic EPS is calculated using the two-class method since the Vimeo Restricted Shares are participating securities due to their rights as described in "Note 9—Shareholders' Equity". Diluted EPS is calculated on the most dilutive basis under either the two-class method or treasury stock method, both of which exclude equity awards that would be anti-dilutive.
Foreign Currency	Foreign Currency The functional currency of foreign entities is generally the local currency. Functional currency denominated (i) assets and liabilities are translated at the rates of exchange as of the balance sheet date, and (ii) 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, net".
Stock-Based Compensation	Stock-Based Compensation Vimeo measures and recognizes compensation expense for all stock‑based awards based on the grant date fair value of the award. Stock-based compensation expense (net of estimated forfeitures) for all stock-based awards, including those with graded vesting, is recognized ratably over the requisite service period. Estimated forfeitures are based on an analysis of historical forfeitures and revised, if necessary, in subsequent periods if actual forfeitures differ from the estimated rate. The grant-date fair value of a RSU is determined based on the closing sale price of the Company’s common stock on the date of grant. The grant date fair value of a RSU with a market condition is determined by using a Monte Carlo simulation of Vimeo's stock price over the performance period. The grant-date fair value of a stock option or SAR is estimated using the Black‑Scholes option‑pricing model.
Segment Information	Segment Information The Company operates in one operating segment and one reportable segment. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assessing performance. The Company’s chief operating decision maker allocates resources and assesses performance based upon consolidated financial information.
Recent Accounting Pronouncements Adopted and Not Yet Adopted by the Company	Recent Accounting Pronouncements Adopted by the Company Vimeo adopted ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, effective October 28, 2021. This guidance amends ASC 805 to add contract assets and contract liabilities to the list of exceptions to the recognition and measurement principles that apply to business combinations and to require that an acquirer recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. The adoption of ASU No. 2021-08 did not have a material impact on Vimeo's consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted by the Company In November 2023, ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures was issued, which amended existing guidance to require disclosure of significant segment expenses and other segment items on an annual and interim basis and to provide in interim periods all disclosures about a reportable segment's profit or loss and assets that are currently required annually. These amendments are effective on a retrospective basis for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024. The Company is currently evaluating the impact this guidance will have on its consolidated financial statements. In December 2023, ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures was issued, and requires disclosure of disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. This guidance will become effective for fiscal years beginning after December 15, 2024 on a prospective basis. The Company is currently evaluating the impact this guidance will have on its consolidated financial statements.

LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information of Leases

ROU assets and lease liabilities on the accompanying consolidated balance sheet are as follows:


		December 31,
Leases	Balance Sheet Classification	2023		2022
		(In thousands)

Right-of-use assets	Other non-current assets	$	12,795	$	18,751


Current lease liabilities	Accrued expenses and other current liabilities	$	2,661	$	2,979
Long-term lease liabilities	Other long-term liabilities	10,775		16,335
Total lease liabilities		$	13,436	$	19,314

Schedule of Lease Cost and Other Information

Components of lease expense are as follows:


	Years Ended December 31,
Lease Expense	2023		2022		2021
	(In thousands)
Fixed (a)	$	4,449	$	5,971	$	3,884
Short-term	2,131		2,273		553
Variable	238		226		119

Total lease expense, net	$	6,818	$	8,470	$	4,556

_____________________

(a) Represents "Non-cash lease expense" included in the accompanying consolidated statement of cash flows which comprises amortization of ROU assets and impairments.


	Years Ended December 31,
Lease Expense Income Statement Classification	2023		2022		2021
	(In thousands)
Cost of revenue	$	692	$	806	$	304
Research and development expense	2,048		2,613		1,984
Sales and marketing expense	2,229		1,622		1,163
General and administrative expense	1,849		3,429		1,105
Total lease expense, net	$	6,818	$	8,470	$	4,556

Other information related to leases is as follows:


	Years Ended December 31,
	2023		2022		2021
	(In thousands)

Right-of-use assets obtained in exchange for lease liabilities	$	262	$	14,793	$	15,654
Cash paid for amounts included in the measurement of lease liabilities	$	4,324	$	5,724	$	3,543

Schedule of Maturities of Operating Lease Liabilities

Maturities of lease liabilities as of December 31, 2023 are as follows:


Years Ended December 31,	(In thousands)
2024	$	3,717
2025	3,625
2026	3,679
2027	3,826
2028	1,318

Total(a)	16,165
Less: imputed interest	(2,729)
Total lease liabilities	$	13,436

_____________________

(a) All leases are expected to mature by December 31, 2028.

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

The weighted average assumptions used for lease term and discount rate are as follows:


	December 31,
	2023		2022		2021
Remaining lease term	4.2 years		5.1 years		2.6 years
Discount rate	8.9	%	8.1	%	3.1	%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Changes in Allowance of Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 5,183	$ 1,324
Provision for credit losses	777	7,606	$ 1,428
Write-offs charged against the allowance	(4,366)	(4,997)
Recoveries collected	1,129	1,245
Currency translation adjustment	5	5
Balance at end of period	$ 2,728	$ 5,183	$ 1,324

GOODWILL AND INTANGIBLE ASSETS WITH DEFINITE LIVES (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Intangible Assets, Net

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


	December 31,
	2023		2022
	(In thousands)
Goodwill	$	245,406	$	245,406
Intangible assets with definite lives, net of accumulated amortization	2,629		5,468
Total goodwill and intangible assets with definite lives, net	$	248,035	$	250,874

Schedule of Changes in the Carrying Value of Goodwill

The changes in the carrying value of goodwill for the years ended December 31, 2023 and 2022 are as follows:


	Years Ended December 31,
	2023		2022
	(In thousands)
Balance at beginning of period	$	245,406	$	242,586
Measurement period adjustments (a)	—		2,820

Balance at end of period	$	245,406	$	245,406

____________________

(a) Related to the acquisitions of Wibbitz and WIREWAX as discussed in "Note 5 —Business Combinations".

Schedule of Intangible Assets with Definite Lives

At December 31, 2023 and 2022, intangible assets with definite lives are as follows:


	December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life (Years)
	(In thousands)
Developed technology	$	29,730	$	(27,720)	$	2,010	3.7
Customer relationships	17,530		(16,911)		619		3.9


Trade names	3,000		(3,000)		—		1.7

Total	$	50,260	$	(47,631)	$	2,629	3.6


	December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life (Years)
	(In thousands)
Developed technology	$	29,730	$	(25,630)	$	4,100	3.7
Customer relationships	17,530		(16,162)		1,368		3.9


Trade names	3,000		(3,000)		—		1.7

Total	$	50,260	$	(44,792)	$	5,468	3.6

Schedule of Expected Amortization of Intangible Assets

At December 31, 2023, amortization of intangible assets with definite lives is estimated to be as follows:


Years Ending December 31,	(In thousands)
2024	$	1,390
2025	1,239




Total(a)	$	2,629

____________________

(a) All intangible assets are expected to be fully amortized by December 31, 2025, therefore there is no estimated amortization for the years 2026, 2027, and 2028.

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Revenue and Long-lived Assets by Geographic Area (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Leasehold improvements and equipment, net	$ 607	$ 1,355
United States
Disaggregation of Revenue [Line Items]
Leasehold improvements and equipment, net	492	537
All other countries
Disaggregation of Revenue [Line Items]
Leasehold improvements and equipment, net	$ 115	$ 818

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns
Balance at beginning of period	$ 2,523	$ 2,519	$ 1,921
Additions based on tax positions related to prior years	1,413	74	0
Settlements	0	(821)	(329)
Additions based on tax positions related to the current year	712	751	927
Balance at end of period	$ 4,648	$ 2,523	$ 2,519

REVOLVING CREDIT FACILITY	12 Months Ended
REVOLVING CREDIT FACILITY	Dec. 31, 2023
Debt Disclosure [Abstract]
REVOLVING CREDIT FACILITY	REVOLVING CREDIT FACILITY Effective June 30, 2023, Vimeo.com, Inc. terminated the $100 million revolving credit facility (the "Credit Facility") set to expire February 12, 2026, under, and in accordance with the terms of, that certain credit agreement, dated as of February 12, 2021, among Vimeo.com, Inc., as borrower, the lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent. In connection with such termination, a letter of credit issued under the Credit Facility was cash collateralized, all other outstanding obligations were paid off in full and all liens securing the Credit Facility were released.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Changes in Allowance for Credit Losses

The changes in the allowance for credit losses are as follows:


	Years Ended December 31,
	2023		2022
	(In thousands)
Balance at beginning of period	5,183		1,324
Provision for credit losses	777		7,606
Write-offs charged against the allowance	(4,366)		(4,997)
Recoveries collected	1,129		1,245
Currency translation adjustment	5		5
Balance at end of period (a)	$	2,728	$	5,183

____________________

(a) The allowance for credit losses declined due to a decrease in the provision for credit losses driven by a decrease in aged accounts receivable balances as a result of improved cash collections.

Schedule of Leasehold Improvements and Equipment, net

Leasehold improvements and equipment, net is as follows:


	December 31,				Estimated Useful Lives
	2023		2022
	(In thousands)
Leasehold improvements	$	761	$	1,332	Shorter of lease term or 10 Years
Computer and other equipment	550		807		2 to 10 Years
Total leasehold improvements and equipment	1,311		2,139
Accumulated depreciation and amortization	(704)		(784)
Leasehold improvements and equipment, net	$	607	$	1,355

Schedule of Revenue and Long-lived Assets by Geographic Area

Tangible long-lived assets at December 31, 2023 and December 31, 2022 relate to "Leasehold improvements and equipment, net."


	December 31,
	2023		2022
	(In thousands)
Leasehold improvements and equipment, net:
United States	$	492	$	537
All other countries	115		818
Total	$	607	$	1,355

Revenue by geography is based on where the customer is located. The United States was the only country whose revenue constituted greater than 10% of total revenue of the Company for the years ended December 31, 2023, 2022, and 2021.


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Revenue:
United States	$	223,055	$	220,742	$	197,576
All other countries	194,159		212,286		194,102
Total	$	417,214	$	433,028	$	391,678

INCOME TAXES - Operating Loss Carryforwards (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Income Taxes [Line Items]
Subject to expiration	$ 44,677
Indefinite carryforward	59,597
Total NOLs	104,274
Federal
Income Taxes [Line Items]
Subject to expiration	139
Indefinite carryforward	12,999
Total NOLs	13,138
State
Income Taxes [Line Items]
Subject to expiration	44,538
Indefinite carryforward	5,747
Total NOLs	50,285
Net operating loss carryforwards, subject to limitations under IRC section 382	1,700
Foreign
Income Taxes [Line Items]
Subject to expiration	0
Indefinite carryforward	40,851
Total NOLs	$ 40,851

LEASES - Operating Lease Liabilities Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
2024	$ 3,717
2025	3,625
2026	3,679
2027	3,826
2028	1,318
Total	16,165
Less: imputed interest	(2,729)
Total lease liabilities	$ 13,436	$ 19,314

BUSINESS COMBINATIONS	12 Months Ended
BUSINESS COMBINATIONS	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS On November 10, 2021 and December 6, 2021, Vimeo completed the acquisitions of 100% of the equity interests of Wibbitz Ltd. ("Wibbitz"), a leading enterprise video creation suite, and WIREWAX Ltd. ("WIREWAX"), a leader in interactive and shoppable video, respectively. The aggregate purchase price of both acquisitions consisted of cash consideration and contingent consideration, based on a combination of certain financial metrics and integration milestones. See "Note 7—Fair Value Measurements" for a discussion on these contingent consideration arrangements.

STOCK-BASED COMPENSATION - SARs and Stock Options Exercised (Details) - Stock Appreciation Rights (SARs) and Options - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Intrinsic value	$ 157	$ 1,427	$ 49,383
Proceeds from exercise of stock options	$ 759,000	$ 18,000	$ 3,364,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Section 35
-Paragraph 1D
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+ Details

BENEFIT PLANS	12 Months Ended
BENEFIT PLANS	Dec. 31, 2023
Retirement Benefits [Abstract]
BENEFIT PLANS	BENEFIT PLANS Beginning January 1, 2022, Vimeo employees in the United States may elect to participate in the Vimeo Retirement Savings Plan (the “Vimeo Plan”), which is a retirement savings program in the United States that qualifies under Section 401(k) of the Internal Revenue Code. The employer match under the Vimeo Plan is 100% of the first 10% of a participant’s eligible earnings, subject to IRS limits on the Company’s matching contribution that a participant contributes to the Vimeo Plan. Under the Vimeo Plan, the Company’s common stock is not an available investment option. Vimeo incurred costs related to matching contributions to the Vimeo Plan of $5.7 million and $6.7 million for the years ended December 31, 2023 and 2022, respectively. Prior to January 1, 2022, Vimeo employees in the United States may have elected to participate in the IAC/InterActiveCorp Retirement Savings Plan ("the IAC Plan"), which is a retirement savings program in the United States that qualified under Section 401(k) of the Internal Revenue Code. The employer match under the IAC Plan was the same as the Vimeo Plan. Vimeo incurred costs related to matching contributions to the IAC Plan of $5.1 million for the year ended December 31, 2021. On January 1, 2022, all investments in the IAC Plan were transferred to the Vimeo Plan. Vimeo also has or participates in various benefit plans, primarily defined contribution plans, for its international employees. Vimeo incurred costs related to contributions to these plans of $2.0 million, $2.3 million, and $1.5 million for the years ended December 31, 2023, 2022, and 2021, respectively

INCOME TAXES - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income tax benefit at the federal statutory rate of 21%	$ 5,231	$ (16,310)	$ (10,907)
State income taxes, net of effect of federal tax benefit	(359)	(1,559)	(2,086)
Global intangible low-taxed income	2,864	1,307	0
Section 250 deductions	(1,350)	0	0
Return to provision	2,283	(765)	(2,249)
Valuation allowance	(4,543)	12,736	20,858
Stock-based compensation	(709)	8,838	(4,041)
Non-deductible executive compensation	377	42	376
Tax credits	(2,441)	(2,631)	(2,163)
Uncertain tax positions	461	0	0
Deferred tax adjustments	1,242	(205)	63
Transaction costs	0	18	698
Other, net	(177)	455	279
Income tax provision	$ 2,879	$ 1,926	$ 828

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule and Assumptions of Stock Appreciation Rights and Stock Options

The table below summarizes information about SARs and stock options exercised:


	Years Ended December 31,
	2023		2022		2021







	(In thousands)
Intrinsic value	$	157	$	1,427	$	49,383
Cash received	$	759	$	18	$	3,364

The table below summarizes the weighted average grant date fair value of RSUs granted, the weighted-average assumptions used to determine the grant date fair value of RSUs subject to market-based conditions, and the intrinsic value of RSUs that vested.


	Years Ended December 31,
	2023			2022			2021(a)
Weighted average grant date fair value of RSUs granted:
Service based	$	3.67		$	8.24		$	30.89
Market based	5.80			7.25			—
Total RSUs	$	4.11		$	8.17		$	30.89

Assumptions for RSUs granted with market based conditions:
Volatility	57.2		%	47.0		%	—
Risk free rate	4.5		%	2.5		%	—
Dividend yield	0		%	0		%	—

Other Information (In thousands):
Intrinsic value of RSUs that vested	$	15,960		$	3,133		$	49

_____________________

(a) There were no RSUs with market based conditions granted in the year ended December 31, 2021.

Schedule of Stock Appreciation Rights and Stock Options

SAR and stock option activity for the year ended December 31, 2023 is as follows:


	SARs and stock options	Weighted average exercise price		Weighted average remaining contractual term in years	Aggregate intrinsic value
	(Shares and intrinsic value in thousands)





Outstanding at December 31, 2022	15,227	$	5.82

Granted	250	4.00
Exercised	(275)	2.75
Forfeited	(210)	11.74
Expired	(2,638)	6.63
Outstanding at December 31, 2023(a)	12,354	5.58		3.6	874
Exercisable at December 31, 2023(a)	11,847	$	5.53	3.5	$	874

_____________________

(a) Includes 4.5 million outstanding and exercisable stock options at December 31, 2023 which relate solely to the conversion of vested IAC stock options into Vimeo stock options in connection with the Spin-off as more fully described in "Note 1—Organization and Basis of Presentation.

Schedule of Restricted Stock Unit Activity

RSU activity for the year ended December 31, 2023 is as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
	(Shares in thousands)





Unvested at December 31, 2022	15,934	$	11.80
Granted	5,875	4.11
Vested	(4,111)	12.06
Forfeited	(5,152)	12.22
Unvested at December 31, 2023(a)	12,546	$	7.95

_____________________

(a) Includes 0.5 million RSUs subject to market-based conditions.

RESTRUCTURING - Restructuring Costs Recognized in Consolidated Statement of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 4,888	$ 4,183
Cost of revenue
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 298	$ 0
Restructuring, incurred cost, statement of income or comprehensive income	Cost of revenue (exclusive of depreciation shown separately below)	Cost of revenue (exclusive of depreciation shown separately below)
Research and development expense
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 2,813	$ 2,282
Restructuring, incurred cost, statement of income or comprehensive income	Research and development expense	Research and development expense
Sales and marketing expense
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 1,078	$ 1,133
Restructuring, incurred cost, statement of income or comprehensive income	Sales and marketing expense	Sales and marketing expense
General and administrative expense
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 699	$ 768
Restructuring, incurred cost, statement of income or comprehensive income	General and administrative expense	General and administrative expense

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Accounting Policies [Abstract]
Cash and equivalent investment in single money market mutual fund bank \| $	$ 100,000,000
Goodwill impairment \| $	0	$ 0	$ 0
Advertising expense \| $	$ 60,300,000	$ 76,300,000	$ 87,100,000
Number of operating segments \| segment	1
Number of reportable segments \| segment	1
Number of reporting units \| segment	1

EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings (Loss) Per Share

The computation of basic and diluted earnings (loss) per share attributable to common shareholders is as follows:


	Years Ended December 31,
	2023		2022		2021
	(In thousands, except per share data)
Basic EPS:
Numerator:
Net earnings (loss)	$	22,032	$	(79,591)	$	(52,767)
Less: Net earnings attributed to participating security	(475)		—		—
Net earnings (loss) attributable to common stock shareholders	$	21,557	$	(79,591)	$	(52,767)
Denominator: (a)
Weighted average basic common shares outstanding	163,238		161,478		159,884


Basic Earnings (loss) per share	$	0.13	$	(0.49)	$	(0.33)

Diluted EPS:
Numerator:
Net earnings (loss)	$	22,032	$	(79,591)	$	(52,767)
Less: Net earnings attributed to participating security	(469)		—		—
Net earnings (loss) attributable to common stock shareholders	$	21,563	$	(79,591)	$	(52,767)
Denominator: (a)
Weighted average basic common shares outstanding	163,238		161,478		159,884
Dilutive securities	2,033		—		—
Weighted average diluted common shares outstanding	165,271		161,478		159,884

Antidilutive securities	21,461		36,030		25,702


Diluted Earnings (loss) per share	$	0.13	$	(0.49)	$	(0.33)

_____________________

STOCK-BASED COMPENSATION - Weighted Average Assumptions (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restricted Stock Units (RSUs)
Weighted average grant date fair value of RSUs granted:
Weighted average grant date fair value (in USD per share)	$ 4.11	$ 8.17	$ 30.89
Assumptions for RSUs granted with market based conditions:
Expected volatility (as a percent)	57.20%	47.00%	0.00%
Risk free rate (as a percent)	4.50%	2.50%	0.00%
Dividend yield (as a percent)	0.00%	0.00%	0.00%
Other Information (In thousands):
Intrinsic value of RSUs that vested	$ 15,960	$ 3,133	$ 49
Service Based Restricted Stock Units
Weighted average grant date fair value of RSUs granted:
Weighted average grant date fair value (in USD per share)	$ 3.67	$ 8.24	$ 30.89
Market Based Restricted Stock Units
Weighted average grant date fair value of RSUs granted:
Weighted average grant date fair value (in USD per share)	$ 5.80	$ 7.25	$ 0

COMMITMENTS AND CONTINGENCIES - Future Payments under Non-cancelable Unconditional Purchase Obligations (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Less Than 1 Year	$ 56,634
1-3 Years	2,712
3-5 Years	0
More Than 5 Years	0
Total Amounts Committed	$ 59,346

FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Total	$ 280,310	$ 250,269
Liabilities:
Contingent consideration arrangements	0	7,845
Quoted Market Prices for Identical Assets in Active Markets (Level 1)
Assets:
Total	274,212	249,422
Liabilities:
Contingent consideration arrangements	0	0
Significant Other Observable Inputs (Level 2)
Assets:
Total	6,098	847
Liabilities:
Contingent consideration arrangements	0	0
Significant Unobservable Inputs (Level 3)
Assets:
Total	0	0
Liabilities:
Contingent consideration arrangements	0	7,845
Money market funds
Assets:
Total	274,212	249,422
Money market funds \| Quoted Market Prices for Identical Assets in Active Markets (Level 1)
Assets:
Total	274,212	249,422
Money market funds \| Significant Other Observable Inputs (Level 2)
Assets:
Total	0	0
Money market funds \| Significant Unobservable Inputs (Level 3)
Assets:
Total	0	0
Time deposits
Assets:
Total	6,098	847
Time deposits \| Quoted Market Prices for Identical Assets in Active Markets (Level 1)
Assets:
Total	0	0
Time deposits \| Significant Other Observable Inputs (Level 2)
Assets:
Total	6,098	847
Time deposits \| Significant Unobservable Inputs (Level 3)
Assets:
Total	$ 0	$ 0

REVENUE

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

REVENUE

Disaggregated revenue is as follows:


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Revenue:
Self-Serve & Add-Ons	$	285,529	$	304,726	$	275,259
Vimeo Enterprise	56,499		39,271		23,236
Other	75,186		89,031		93,183
Total	$	417,214	$	433,028	$	391,678


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Revenue:
United States	$	223,055	$	220,742	$	197,576
All other countries	194,159		212,286		194,102
Total	$	417,214	$	433,028	$	391,678

Deferred Revenue

The current and non-current deferred revenue balances are included in the accompanying consolidated balance sheet as follows:


	December 31, 2023		December 31, 2022
	(In thousands)
Deferred revenue	$	168,610	$	167,388
Other long-term liabilities	1,216		1,286

During the year ended December 31, 2023, Vimeo recognized $166.0 million of revenue that was included in the deferred revenue balance as of December 31, 2022. During the year ended December 31, 2022, the Company recognized $172.0 million of revenue that was included in the deferred revenue balance as of December 31, 2021.

Costs to Obtain a Contract with a Customer

The current and non-current balances of capitalized costs to obtain a contract with a customer are included in the accompanying consolidated balance sheet as follows:


	December 31, 2023		December 31, 2022
	(In thousands)
Prepaid expenses and other current assets	$	5,099	$	4,168
Other non-current assets	8,263		7,988

During the years ended December 31, 2023, 2022, and 2021, Vimeo recognized expense of $6.2 million, $6.2 million, and $7.1 million, respectively, related to the amortization of capitalized costs to obtain a contract with a customer.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

FINANCIAL STATEMENT DETAILS - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Prepaid expenses	$ 14,395	$ 12,503
Other current assets	9,096	5,892
Prepaid expenses and other current assets	$ 23,491	$ 18,395

STOCK-BASED COMPENSATION

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

STOCK-BASED COMPENSATION

Description of equity plan

Vimeo currently has one active equity plan, the Vimeo, Inc. 2021 Stock and Annual Incentive Plan (including an Israeli Appendix), amended and restated as of June 6, 2023 (the "2021 Plan"), which was adopted in connection with the Spin-off. The 2021 Plan replaced the Vimeo, LLC 2012 Incentive Plan, the Vimeo, Inc. 2017 Incentive Plan and the Vimeo, Inc. 2019 Incentive Plan (including an Israeli Appendix), collectively referred to as the “Prior Plans.” The Prior Plans were automatically terminated and replaced and superseded by the 2021 Plan upon the completion of the Spin-off. Any and all awards granted under the Prior Plans, remain in effect on their pre Spin-off terms pursuant to the 2021 Plan, subject to adjustment in connection with the Spin-off and the Vimeo Merger. The 2021 Plan also covers Vimeo stock options that were granted as a result of vested IAC stock options in connection with the Spin-off.

The 2021 Plan authorizes the Company to deliver equity awards to its employees, officers, directors and consultants covering an aggregate of up to 20.0 million shares of the Company's common stock (in addition to previously-awarded shares). At December 31, 2023, there were 16.1 million shares available for delivery under the 2021 Plan.

Equity awards provided for in the 2021 Plan include SARs, stock options, RSUs, and other stock-based awards related to shares of Vimeo common stock. The exercise price of stock options and SARs cannot be less than the market value of Vimeo common stock on the grant date. In connection with the settlement of stock-based awards, shares of Vimeo common stock may be issued either from authorized but unissued shares or from treasury stock. SARs and stock options issued to date generally vest three years from the grant date or in equal annual installments over a three or four‑year period. RSUs issued to date generally vest either one year or three years from the grant date or in equal annual installments over a three-year period.

Stock-based compensation expense

Vimeo recorded stock-based compensation expense of $12.0 million, $64.3 million, and $44.9 million for the years ended December 31, 2023, 2022, and 2021, respectively. No income tax benefit was recognized in the accompanying consolidated statement of operations for the years ended December 31, 2023, 2022, and 2021 related to equity awards because Vimeo has recorded a full valuation allowance against the related deferred tax asset. At December 31, 2023, there was $43.0 million of unrecognized compensation cost, net of estimated forfeitures, related to equity awards, which is expected to be recognized over a weighted-average period of 1.8 years.

Stock appreciation rights and stock options

The weighted average grant date fair value of SARs and stock options granted during the year ended December 31, 2023 was $1.87. The key assumptions in determining the grant date fair value included the expected volatility of 52.0%, risk-free interest rate of 3.6%, expected term of 6.5 years, and dividend yield of 0%. There were no SARs or stock options granted during the years ended December 31, 2022 and 2021.

The table below summarizes information about SARs and stock options exercised:


	Years Ended December 31,
	2023		2022		2021







	(In thousands)
Intrinsic value	$	157	$	1,427	$	49,383
Cash received	$	759	$	18	$	3,364

SAR and stock option activity for the year ended December 31, 2023 is as follows:


	SARs and stock options	Weighted average exercise price		Weighted average remaining contractual term in years	Aggregate intrinsic value
	(Shares and intrinsic value in thousands)





Outstanding at December 31, 2022	15,227	$	5.82

Granted	250	4.00
Exercised	(275)	2.75
Forfeited	(210)	11.74
Expired	(2,638)	6.63
Outstanding at December 31, 2023(a)	12,354	5.58		3.6	874
Exercisable at December 31, 2023(a)	11,847	$	5.53	3.5	$	874

_____________________

As of December 31, 2023, the number, weighted-average exercise price, weighted-average remaining contractual term, and aggregate intrinsic value of Vimeo SARs and stock options that either had vested or are expected to vest approximate the corresponding amounts for Vimeo SARs and stock options outstanding.

Restricted stock units


	Years Ended December 31,
	2023			2022			2021(a)
Weighted average grant date fair value of RSUs granted:
Service based	$	3.67		$	8.24		$	30.89
Market based	5.80			7.25			—
Total RSUs	$	4.11		$	8.17		$	30.89

Assumptions for RSUs granted with market based conditions:
Volatility	57.2		%	47.0		%	—
Risk free rate	4.5		%	2.5		%	—
Dividend yield	0		%	0		%	—

Other Information (In thousands):
Intrinsic value of RSUs that vested	$	15,960		$	3,133		$	49

_____________________

(a) There were no RSUs with market based conditions granted in the year ended December 31, 2021.

RSU activity for the year ended December 31, 2023 is as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
	(Shares in thousands)





Unvested at December 31, 2022	15,934	$	11.80
Granted	5,875	4.11
Vested	(4,111)	12.06
Forfeited	(5,152)	12.22
Unvested at December 31, 2023(a)	12,546	$	7.95

_____________________

(a) Includes 0.5 million RSUs subject to market-based conditions.

Modifications

In connection with executive and Board turnover, the Company has modified certain equity awards resulting in a net benefit to stock-based compensation expense of $16.5 million and $4.4 million in the years ended December 31, 2023 and 2022, respectively, which was primarily a result of lower stock prices on the applicable modification dates as compared to the original grant date.

In connection with the Spin-off, the Company modified certain equity awards resulting in a modification charge of $14.0 million, which is recognized, net of forfeitures, over the remaining requisite service period of the modified awards. As a result, the Company recognized incremental stock-based compensation expense of $0.3 million, $1.2 million and $9.5 million in the years ended December 31, 2023, 2022 and 2021, respectively.

LEASES

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

LEASES

ROU assets and lease liabilities on the accompanying consolidated balance sheet are as follows:


		December 31,
Leases	Balance Sheet Classification	2023		2022
		(In thousands)

Right-of-use assets	Other non-current assets	$	12,795	$	18,751


Current lease liabilities	Accrued expenses and other current liabilities	$	2,661	$	2,979
Long-term lease liabilities	Other long-term liabilities	10,775		16,335
Total lease liabilities		$	13,436	$	19,314

Components of lease expense are as follows:


	Years Ended December 31,
Lease Expense	2023		2022		2021
	(In thousands)
Fixed (a)	$	4,449	$	5,971	$	3,884
Short-term	2,131		2,273		553
Variable	238		226		119

Total lease expense, net	$	6,818	$	8,470	$	4,556

_____________________

(a) Represents "Non-cash lease expense" included in the accompanying consolidated statement of cash flows which comprises amortization of ROU assets and impairments.


	Years Ended December 31,
Lease Expense Income Statement Classification	2023		2022		2021
	(In thousands)
Cost of revenue	$	692	$	806	$	304
Research and development expense	2,048		2,613		1,984
Sales and marketing expense	2,229		1,622		1,163
General and administrative expense	1,849		3,429		1,105
Total lease expense, net	$	6,818	$	8,470	$	4,556

Maturities of lease liabilities as of December 31, 2023 are as follows:


Years Ended December 31,	(In thousands)
2024	$	3,717
2025	3,625
2026	3,679
2027	3,826
2028	1,318

Total(a)	16,165
Less: imputed interest	(2,729)
Total lease liabilities	$	13,436

_____________________

(a) All leases are expected to mature by December 31, 2028.

The weighted average assumptions used for lease term and discount rate are as follows:


	December 31,
	2023		2022		2021
Remaining lease term	4.2 years		5.1 years		2.6 years
Discount rate	8.9	%	8.1	%	3.1	%

Other information related to leases is as follows:


	Years Ended December 31,
	2023		2022		2021
	(In thousands)

Right-of-use assets obtained in exchange for lease liabilities	$	262	$	14,793	$	15,654
Cash paid for amounts included in the measurement of lease liabilities	$	4,324	$	5,724	$	3,543

FINANCIAL STATEMENT DETAILS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Condensed Statements of Operations
(Loss) gain on sale of an asset	$ (37)	$ 0	$ 10,151
Disposal Group, Held-for-sale, Not Discontinued Operations \| Hardware Business
Condensed Statements of Operations
(Loss) gain on sale of an asset			$ 10,200

STOCK-BASED COMPENSATION - Narrative (Details) $ / shares in Units, $ in Thousands		12 Months Ended
	May 25, 2021 USD ($)	Dec. 31, 2023 USD ($) plan $ / shares shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of plans \| plan		1
Total stock-based compensation expense		$ 12,042	$ 64,340	$ 44,893
Unrecognized compensation cost, net		$ 43,000
Unrecognized compensation cost, period for recognition (in years)		1 year 9 months 18 days
Incremental compensation cost from modification recognized in current period in connection with certain executive departures		$ 16,500	4,400
Incremental compensation cost	$ 14,000
Incremental compensation cost from modification recognized in current period in connection with Spin-off		$ 300	$ 1,200	$ 9,500
Stock Appreciation Rights (SARs) and Options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period (in years)		3 years
Weighted average grant date fair value (in USD per share) \| $ / shares		$ 1.87
Expected volatility (as a percent)		52.00%
Risk free rate (as a percent)		3.60%
Expected term (in years)		6 years 6 months
Dividend yield (as a percent)		0.00%
Granted (in shares) \| shares		250,000	0	0
Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period (in years)		3 years
Expected volatility (as a percent)		57.20%	47.00%	0.00%
Risk free rate (as a percent)		4.50%	2.50%	0.00%
Dividend yield (as a percent)		0.00%	0.00%	0.00%
Minimum \| Stock Appreciation Rights (SARs) and Options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period (in years)		3 years
Minimum \| Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period (in years)		1 year
Maximum \| Stock Appreciation Rights (SARs) and Options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period (in years)		4 years
Maximum \| Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period (in years)		3 years
2021 Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares authorized to be delivered (in shares) \| shares		20,000,000
Shares available for delivery (in shares) \| shares		16,100,000

LEASES - Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Right-of-use assets	$ 12,795	$ 18,751
Current lease liabilities	2,661	2,979
Long-term lease liabilities	10,775	16,335
Total lease liabilities	$ 13,436	$ 19,314
Operating lease, right-of-use asset, statement of financial position	Other non-current assets	Other non-current assets
Operating lease, liability, current, statement of financial position	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Operating lease, liability, noncurrent, statement of financial position	Other long-term liabilities	Other long-term liabilities

RESTRUCTURING (Tables)

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Costs Recognized in Consolidated Statement of Operations

Costs related to these restructuring plans have been recognized in the accompanying consolidated statement of operations as follows:


	Year Ended December 31,
	2023		2022
	(In thousands)
Restructuring costs:
Cost of Revenue	$	298	$	—
Research and development expense	2,813		2,282
Sales and marketing expense	1,078		1,133
General and administrative expense	699		768
Total	$	4,888	$	4,183

ORGANIZATION AND BASIS OF PRESENTATION	12 Months Ended
ORGANIZATION AND BASIS OF PRESENTATION	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BASIS OF PRESENTATION	ORGANIZATION AND BASIS OF PRESENTATION Description of Business 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. As used herein, "Vimeo," "Company," "we," "our" or "us" and similar terms in these consolidated financial statements refer to Vimeo, Inc. (formerly Vimeo Holdings, Inc.) and its subsidiaries (unless the context requires otherwise). Spin-off On May 25, 2021, Vimeo completed (i) the separation of Vimeo from IAC/InterActiveCorp (“IAC”) through a series of transactions that resulted in the transfer of IAC’s Vimeo business to Vimeo, Inc. (formerly named “Vimeo Holdings, Inc.”), and Vimeo becoming an independent, separately traded public company through a spin-off from IAC (the “Spin-off”); and (ii) the transactions contemplated by the Amended and Restated Agreement and Plan of Merger, dated as of March 12, 2021 (the “Merger Agreement”), by and among Vimeo, Stream Merger Sub, Inc., a wholly-owned subsidiary of Vimeo, and Vimeo.com, Inc., a subsidiary of IAC formerly named “Vimeo, Inc.” (“Vimeo OpCo”). Following completion of the Spin-off, Vimeo’s common stock, par value $0.01 per share, began trading under the symbol “VMEO” on The Nasdaq Global Select Market (“Nasdaq”) on May 25, 2021. Basis of Presentation and Consolidation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") and with the rules and regulations of the Securities and Exchange Commission ("SEC"). The accompanying consolidated financial statements include all the assets, liabilities, revenues, expenses and cash flows of entities in which Vimeo has a controlling interest ("subsidiaries"), and in the opinion of management, include all adjustments considered necessary for a fair presentation. All intercompany balances and transactions between and among Vimeo and its subsidiaries have been eliminated. All related party balances between Vimeo and IAC and its subsidiaries are reflected in the accompanying consolidated balance sheet within "Accrued expenses and other current liabilities" and "Other long-term liabilities". All related party transactions between Vimeo and IAC and its subsidiaries, other than amounts related to the settlement of equity awards and principal payments to certain IAC subsidiaries, are reflected in the accompanying consolidated statement of cash flows as operating activities. Amounts related to the settlement of equity awards and principal payments to certain IAC subsidiaries, are reflected in the accompanying consolidated statement of cash flows as financing activities. Prior to the Spin-off, the consolidated financial statements of Vimeo OpCo and subsidiaries were prepared on a standalone basis and were derived from the historical accounting records of Vimeo OpCo and IAC. The accompanying consolidated financial statements reflect the historical financial position, results of operations and cash flows of Vimeo and its 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. Prior to the Spin-off, IAC allocated certain corporate expenses to Vimeo which were charged to "Additional paid-in capital" in the accompanying consolidated balance sheet. Additionally, income taxes were 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. 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, standalone company for the periods presented. 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 that affect the amounts reported in the accompanying consolidated financial statements and footnotes thereto. Actual results could differ from these estimates. Significant estimates and judgments inherent in the preparation of the accompanying consolidated financial statements include those related to: the carrying value of accounts receivable, including the determination of the allowance for credit losses; the determination of the estimated customer relationship period for certain costs to obtain a contract with a customer; the carrying value of right-of-use assets ("ROU assets") and related lease liabilities; the useful lives and recoverability of 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.

REVENUE - Current and Non-current Contract Asset Balances (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Prepaid expenses and other current assets	$ 5,099	$ 4,168
Non-current capitalized contract costs	$ 8,263	$ 7,988

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of (Losses) Earnings before Income Taxes

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


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
U.S.	$	15,189	$	(90,500)	$	(54,085)
Foreign	9,722		12,835		2,146
Earnings (loss) before income taxes	$	24,911	$	(77,665)	$	(51,939)

Schedule of Components of Income Tax Provision


	December 31,
	2023		2022		2021
	(In thousands)
Current income tax provision:
Federal	$	294	$	81	$	52
State	466		88		85
Foreign	1,402		1,351		761
Current income tax provision	2,162		1,520		898

Deferred income tax provision (benefit):
Federal	167		37		(20)
State	—		(4)		(5)
Foreign	550		373		(45)
Deferred income tax provision (benefit)	717		406		(70)
Income tax provision	$	2,879	$	1,926	$	828

Schedule of Deferred Tax Assets and Liabilities


	December 31,
	2023		2022
	(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	14,566	$	31,069
Tax credit carryforwards	13,509		12,138
Accrued bonus	3,745		2,449

Stock-based compensation	10,767		10,209
Capitalized research and development expenses	26,977		14,242
Other	4,569		7,509
Total deferred tax assets	74,133		77,616
Less: valuation allowance	(62,108)		(67,544)
Net deferred tax assets	12,025		10,072

Deferred tax liabilities:
Prepaid expenses	(5,468)		(4,834)
Intangible assets with definite lives	(3,308)		(925)
Right-of-use assets	(3,303)		(3,755)
Withholding taxes	(1,083)		(905)
Other	(56)		(106)
Total deferred tax liabilities	(13,218)		(10,525)
Net deferred tax liabilities (a)	$	(1,193)	$	(453)

____________________

(a) Net deferred tax liabilities are included in "Other long-term liabilities" in the accompanying consolidated balance sheet.

Schedule of Composition of Net Operating Loss Carryforwards

The composition of Vimeo's NOLs as of December 31, 2023 is as follows:


	Federal		State		Foreign		Total
	(In thousands)
Subject to expiration (a)	$	139	$	44,538	$	—	$	44,677
Indefinite carryforward (b)	12,999		5,747		40,851		59,597
Total NOLs (c)	$	13,138	$	50,285	$	40,851	$	104,274

____________________

(a) Federal NOL will expire in 2035 and state NOLs will expire at various times between 2026 through 2042.

(b) All indefinite carryforward federal NOLs are subject to the Tax Cuts and Jobs Act 80% taxable income limitation.

(c) State NOLs of $1.7 million are subject to limitations under IRC Section 382, separate return limitations, and applicable law.

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 loss before income taxes is shown as follows:


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Income tax benefit at the federal statutory rate of 21%	$	5,231	$	(16,310)	$	(10,907)
State income taxes, net of effect of federal tax benefit	(359)		(1,559)		(2,086)
Global intangible low-taxed income	2,864		1,307		—
Section 250 deductions	(1,350)		—		—
Return to provision	2,283		(765)		(2,249)
Valuation allowance	(4,543)		12,736		20,858

Stock-based compensation	(709)		8,838		(4,041)
Non-deductible executive compensation	377		42		376
Tax credits	(2,441)		(2,631)		(2,163)
Uncertain tax positions	461		—		—
Deferred tax adjustments	1,242		(205)		63

Transaction costs	—		18		698
Other, net	(177)		455		279
Income tax provision	$	2,879	$	1,926	$	828

Schedule of Unrecognized Tax Benefits Roll Forward

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


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Balance at beginning of period	$	2,523	$	2,519	$	1,921
Additions based on tax positions related to prior years	1,413		74		—
Settlements	—		(821)		(329)
Additions based on tax positions related to the current year	712		751		927
Balance at end of period	$	4,648	$	2,523	$	2,519

BUSINESS COMBINATIONS - Narrative (Details)	Dec. 06, 2021
Wibbitz Ltd. and WIREWAX Ltd.
Business Acquisition [Line Items]
Percentage of voting interests acquired (as a percent)	100.00%

BENEFIT PLANS (Details) - IAC Plan - USD ($) $ in Millions	12 Months Ended
BENEFIT PLANS (Details) - IAC Plan - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
United States
Defined Contribution Plan Disclosure
Employer contribution per dollar employee contributes up to contribution limit	100.00%
Employer contribution limit per calendar year (as a percent)	10.00%
Defined contribution plan contributions	$ 5.7	$ 6.7	$ 5.1
All Other Countries
Defined Contribution Plan Disclosure
Defined contribution plan contributions	$ 2.0	$ 2.3	$ 1.5

ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated other comprehensive loss consisting of foreign currency translation adjustments is as follows:


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Balance at beginning of period	$	(831)	$	(86)	$	(87)
Other comprehensive income (loss)	132		(745)		1
Balance at end of period	$	(699)	$	(831)	$	(86)

At December 31, 2023, 2022, and 2021, there was no tax benefit or provision on accumulated other comprehensive loss.

REVENUE (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

Disaggregated revenue is as follows:


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Revenue:
Self-Serve & Add-Ons	$	285,529	$	304,726	$	275,259
Vimeo Enterprise	56,499		39,271		23,236
Other	75,186		89,031		93,183
Total	$	417,214	$	433,028	$	391,678

Schedule of Revenue and Long-lived Assets by Geographic Area

Tangible long-lived assets at December 31, 2023 and December 31, 2022 relate to "Leasehold improvements and equipment, net."


	December 31,
	2023		2022
	(In thousands)
Leasehold improvements and equipment, net:
United States	$	492	$	537
All other countries	115		818
Total	$	607	$	1,355


	Years Ended December 31,
	2023		2022		2021
	(In thousands)
Revenue:
United States	$	223,055	$	220,742	$	197,576
All other countries	194,159		212,286		194,102
Total	$	417,214	$	433,028	$	391,678

Schedule of Current and Non-current Balances of Deferred Revenue and Contract Asset

The current and non-current deferred revenue balances are included in the accompanying consolidated balance sheet as follows:


	December 31, 2023		December 31, 2022
	(In thousands)
Deferred revenue	$	168,610	$	167,388
Other long-term liabilities	1,216		1,286

The current and non-current balances of capitalized costs to obtain a contract with a customer are included in the accompanying consolidated balance sheet as follows:


	December 31, 2023		December 31, 2022
	(In thousands)
Prepaid expenses and other current assets	$	5,099	$	4,168
Other non-current assets	8,263		7,988