Vimeo Raises FY24 Revenue Outlook From $385M - $400M To Be At Or Around $405M, Est $400.102M
Portfolio Pulse from Benzinga Newsdesk
Vimeo has raised its FY24 revenue outlook from a range of $385M-$400M to approximately $405M, surpassing the estimated $400.102M. The company also expects operating income to be around $3 million and adjusted EBITDA to be in the range of $40 million, depending on investment spending.
August 05, 2024 | 9:16 pm
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Vimeo has raised its FY24 revenue outlook to approximately $405M, surpassing the estimated $400.102M. The company also expects operating income to be around $3 million and adjusted EBITDA to be in the range of $40 million, depending on investment spending.
Raising the revenue outlook and surpassing estimates is a positive indicator for Vimeo's financial health. The expected operating income and adjusted EBITDA also suggest improved profitability, which is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100