In This Article:
Vimeo (NASDAQ:VMEO) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$104.6m (down 1.6% from 3Q 2023).
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Net income: US$9.28m (up 12% from 3Q 2023).
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Profit margin: 8.9% (up from 7.8% in 3Q 2023). The increase in margin was driven by lower expenses.
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EPS: US$0.057 (up from US$0.051 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vimeo Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Interactive Media and Services industry in the US.
Performance of the American Interactive Media and Services industry.
The company's shares are up 43% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Vimeo that you should be aware of.
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