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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.