![]() In November, Vimeo reported $108.1 million in revenue during the third quarter and roughly 1.6 million paying subscribers. As a result, Vimeo - who has in recent years shifted toward a more corporate strategy and counts brands like Rite Aid, Nike, Slack and Gap as clients - does not have the support of a parent company to help weather the economic downturn. The company was first acquired by Barry Diller’s IAC in 2006 and was later spun off in 2021 to become an independent, publicly traded company in May 2021. Justin Patterson - KeyBanc John Blackledge - Cowen Dan Salmon - BMO Operator Good morning, and thank you for joining Vimeos Q3 Earnings Event. ![]() 2021, according to a filing with the Securities and Exchange Commission. Vimeo CEO Anjali Sud joins ‘Squawk on the Street’ to discuss Vimeo’s spin-off from IAC, the fall of the company’s shares after its Nasdaq debut and the future of the company. Since taking the helm at 33, she changed the face of the video platform and what a CEO ca. The video software company employed 1,219 full-time employees as of Dec. Anjali Sud bet her career on disrupting Vimeo’s business strategy. “This reduction enables us to achieve our growth and profitability goals in a way that is far less dependent on the broader market, putting us in full control of our destiny.” “We are entering 2023 with a more focused strategy to simplify Vimeo, and ultimately, our team size and composition needs to reflect that focus,” Sud said. Congratulations anjsud vimeo on the Nasdaq listing VMEO /cJbdhcu310 Nigel DSouza (NigelDSouza) Theres a lot of things to love about Vimeo but Anjali Sud is 1 of them. Today we do not view YouTube as a competitor. In this episode of the Inside the Strategy Room podcast, Erik Roth, who leads McKinsey’s innovation work globally, talks with Anjali Sud, CEO of Vimeo, about her experience reinventing the online video platform’s business model. Meet Anjali Sud, CEO Vimeo, who transformed Vimeo into a billion-dollar company. We are making this decision in order to ensure we come out of this economic downturn a stronger company. Dear Vimeans, Today I have hard news to share: after careful consideration, we have made the decision to reduce our workforce by 6. The current round of layoffs will primarily impact staff in departments like sales and research and development, which account for the majority of Vimeo’s overall workforce, according to Sud. Vimeo CEO Anjali Sud really wants people to know that the online video company is no longer a competitor to YouTube. Today I sent the following email to all Vimeo employees. Twitch Hires First Head of Diversity and Inclusion
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