VMEO Latest Report

Vimeo's Financial Performance

Vimeo's total operating revenue in December 2024 was RMB103,156,000, a decrease of approximately 2.30% from RMB105,544,000 in 2023. This revenue decline indicates that the company's overall financial performance is under pressure due to intense competition and slowing user growth.

Key Financial Data

1. Total operating revenue in 2024 was RMB103,156,000, a 2.30% YoY decrease.

2. R&D expenses in 2024 were RMB27,678,000, up from RMB25,985,000 in 2023.

3. Vimeo Enterprise's revenue in Q4 2024 reached $83.19 million, up 47% YoY.

4. Revenue from self-service and add-on services decreased by 5% to $272 million, with an average decrease of 10% in user numbers.

Industry Comparison

1. Industry-wide analysis: The online video industry gradually recovered after the pandemic, but overall growth slowed due to market saturation and increased competition. Small and medium-sized platforms faced particular challenges, especially in the face of strong competition from large platforms like YouTube and Netflix.

2. Peer evaluation analysis: Vimeo's total operating revenue decreased by 2.30% YoY, showing relatively stable performance within the industry, but the decline in user acquisition and advertising revenue indicates that its competitiveness in the industry needs improvement.

Summary

Vimeo's financial data reflects a slight decrease in revenue in the context of intense competition and changing market conditions. Although Enterprise services performed well, the overall decrease in user engagement and market share undoubtedly poses challenges for the company's long-term development.

Opportunities

1. The strong growth of Vimeo Enterprise services provides a new revenue source, which can be further deepened.

2. Plans to collaborate with strategic partners may open up new market spaces and business opportunities.

3. Strategies to enhance user engagement and loyalty may help improve retention rates and boost revenue.

Risks

1. Increased competition may pose more challenges in user acquisition and retention.

2. The increase in R&D expenses may put pressure on profit margins in the short term.

3. If the macroeconomic environment remains uncertain, users' spending on video platforms may further decrease, affecting operating revenue.