Vimeo Expects Q3 Revenue To Be At Or Below $100M, Est $97.67M
Portfolio Pulse from Benzinga Newsdesk
Vimeo expects its Q3 2024 revenue to be at or below $100 million, with an estimated operating loss of approximately $1 million and adjusted EBITDA in the high single-digit millions.
August 05, 2024 | 9:12 pm
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Vimeo expects Q3 2024 revenue to be at or below $100 million, with an operating loss of approximately $1 million and adjusted EBITDA in the high single-digit millions.
The revenue projection being at or below $100 million, coupled with an operating loss, suggests potential financial struggles. This could negatively impact investor sentiment and the stock price in the short term.
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