Our pace of sales on the other hand, has been harder to nail as we move through COVID and go after new markets and use cases. We started the year with an ambitious road map, and we're delivering on our pace of innovation. We're still a young company, making bold changes to our product, who we sell to and how we sell. I said last quarter that the path to success won't be a straight line. We're building software that will lower the barriers of time, cost and complexity so that one day, the over 1 billion knowledge workers in the world can bring professional quality video into their work. And as workforces get more distributed and demographics evolve, it's clear that we're at the very beginning of how video will be adopted beyond traditional video conferencing because why wouldn't every organization want to be video first in the future? Why wouldn't every employee want to create and share content easily. Employees and teams are increasingly using our platform to work, to learn and to communicate. That mission is more relevant now than ever. We now have over 1,100 Vimeons pursuing our mission of professional quality video for all. We're growing day by day alongside our opportunity set and global user reach and paying customers who find increasing value in our product and in the ways, we're resourcing the company to serve them. I'm happy to report strong results for the third quarter, highlighted by 33% year-over-year revenue growth and continued velocity in expanding our enterprise video suite. With that, I'll turn it over to our CEO, Anjali. These should be considered in addition to and not as substitute for or in isolation from GAAP measures.Īdditional information regarding Vimeo's financial performance, including reconciliations with comparable GAAP measures, can be found in our earnings release and Vimeo filings with the SEC as well as in supplemental information posted at the Investor Relations section of our website. We have also provided information regarding certain key metrics and our non-GAAP financial measures, including certain forward-looking measures. These forward-looking views are subject to risks and uncertainties and our actual results could differ materially from the views expressed today. These forward-looking statements typically may be preceded by words such as we expect, we believe, we anticipate or similar such statements. Second, we will discuss Vimeo's outlook and future performance. First, this session will be recorded and available on the Vimeo Investor Relations site later today. We're excited to be here in front of you.īefore we begin, a few comments. Good morning, and thank you for joining Vimeo's Q3 Earnings Event. ( NASDAQ: VMEO) Q3 2021 Earnings Conference Call Novem8:30 AM ET The company is also expanding into live video and deepening its efforts to empower anyone in the world, whether studios or individuals, to launch their own direct-to-consumer video subscription services without relying on the traditional television infrastructure.Vimeo Inc. Vimeo has rolled out a slate of new capabilities, including 360 video support, a dedicated membership plan for marketers and brands, and advanced integrations designed to provide an end-to-end workflow for video professionals and filmmakers. Vimeo has more than 800,000 subscribers to its creator tools and over 240 million monthly viewers. “She’s a natural leader, and I expect she will build a very big business at Vimeo.” “Having spent the last year inside the business working closely with Anjali and the team at Vimeo, Anjali has stood out as a leader: she’s creative, confident, aggressive, and always thinks of our users first,” said Joey Levin, CEO of IAC. Sud held various positions in e-commerce and media at Amazon and Time Warner. In 2016 she was elevated to GM and SVP, to oversee the operations of Vimeo’s core SaaS business for creators. Sud has been with Vimeo since 2014, hired initially to lead marketing, where she drove revenue growth through customer acquisition and retention, international expansion and brand building. “With a world-class brand, exceptional product and thriving community, we are uniquely positioned to define new standards of storytelling and lead the $10 billion video creator market.” “Vimeo is entering an exciting chapter with a renewed focus on the core value that makes our brand special and beloved around the globe–being the #1 platform to empower video creators,” said Anjali Sud, CEO of Vimeo. Sud has taken over the role from Vimeo’s interim CEO, Joey Levin, who remains CEO of IAC. Sud will now oversee strategy and operations for all of Vimeo. Previously general manager and senior vice president of Vimeo’s flagship creator business, where she has been reportedly driving accelerating growth for the past 18 months, Ms. Vimeo, the ad-free open video platform, announced the appointment of Anjali Sud as chief executive officer.
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