1719 ET - Vimeo remains on a path of losing paying subscribers across its self-serve and add-ons business, its core business. The provider of online video software and services ended the fourth quarter with 1.2 million subscribers, down from 1.5 million only two years ago. Over the past 48 months, Vimeo has seen its subscriber base across its main business squeeze in every single quarter. The 2,000 growth in enterprise subscribers seen in the latest quarter wasn't enough to offset investors' concerns about its business model. Its guidance for a first-quarter drop in revenue suggests this trend will persist. Shares fall 11% in post-market trading. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
February 19, 2025 17:19 ET (22:19 GMT)
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