First, we are swiftly expanding our enterprise product suite, and we're getting traction. Customers are upgrading from our free and self-serve user base and our all-in-one solution is increasingly differentiated against market alternatives. We are seeing businesses unlock the power of video. We think it's more validated today than it was a few months ago. As a result, we think our path to 30% revenue growth will be further out.īut Vimeo's right to win is not just intact. 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
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