VIMEO Reports 8.2% Year-Over-Year Revenue Decrease for Q2 FY2023
August 8, 2023
🌥️Earnings Overview
For the second quarter of FY2023 ending June 30 2023, VIMEO ($NASDAQ:VMEO)’s total revenue was USD 101.8 million, an 8.2% decrease compared to the same quarter the previous year. However, net income saw a 122.2% increase year-over-year to USD 5.9 million.
Analysis
GoodWhale has conducted an analysis of VIMEO‘s wellbeing and based on their Risk Rating, VIMEO is a medium risk investment in terms of financial and business aspects. This rating is derived from factors like viability, liquidity, and profitability to assess an organization’s overall financial performance. GoodWhale has also detected 1 risk warning in the cashflow statement. To access this risk warning, one must become a registered user on the platform. This analysis is of great importance to investors as it helps them determine whether or not investing in VIMEO is a wise decision. It allows them to make more informed decisions based on the data gathered by GoodWhale. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Vimeo. More…
| Total Revenues | Net Income | Net Margin |
| 419.11 | -21.36 | -5.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Vimeo. More…
| Operations | Investing | Financing |
| 22.84 | 0.36 | -12.47 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Vimeo. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 596.06 | 243.17 | 2.12 |
Key Ratios Snapshot
Some of the financial key ratios for Vimeo are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 30.2% | – | -4.2% |
| FCF Margin | ROE | ROA |
| 5.4% | -3.2% | -1.9% |
Peers
Its primary competitors are UserTesting Inc, 1 Page Ltd, and Cybozu Inc. Vimeo Inc offers a variety of features for its users, including the ability to upload and share videos, create and manage channels, and view videos from other users.
– UserTesting Inc ($NYSE:USER)
UserTesting Inc is a publicly traded company with a market cap of 555.76M as of 2022. The company has a Return on Equity of -27.62%. UserTesting Inc is a provider of on-demand human insights, allowing companies to discover what their customers truly think and feel about their products and services. UserTesting’s platform provides access to millions of global consumers who provide feedback on websites, apps, prototypes, and more.
– 1 Page Ltd ($OTCPK:PGQWF)
Page Ltd is a company that operates in the media and publishing industry. The company has a market capitalization of 469.47k as of 2022 and a return on equity of -1.69%. The company’s business model revolves around the production and distribution of content through various channels such as print, digital, and events. The company has a strong presence in the United Kingdom and Australia.
– Cybozu Inc ($TSE:4776)
Cybozu Inc is a Japanese software company that provides a variety of enterprise software products, including a cloud-based office suite, CRM, and ERP applications. The company has a market cap of 86.16B as of 2022 and a return on equity of 8.22%. Cybozu’s products are used by businesses of all sizes, from small businesses to large enterprises. The company has a strong focus on the Japanese market, but its products are also used by businesses in other countries.
Summary
Vimeo‘s second quarter FY2023 earnings showed a revenue decrease of 8.2% year-over-year to USD 101.8 million, but net income saw a dramatic 122.2% year-over-year increase to USD 5.9 million. This positive result was reflected in the stock price, which rose the same day. Investors may be encouraged by the strong net income numbers, and should keep an eye on the company’s future financial results to evaluate its potential upside. Additionally, analysts may want to consider the potential impact of new products and initiatives on Vimeo’s revenue and profitability.
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