Vimeo, Inc. (VMEO) revealed a profit for second quarter that Drops, from the same period last year but beat the Street estimates.
The company's bottom line totaled $6.29 million, or $0.04 per share. This compares with $10.12 million, or $0.06 per share, last year.
Analysts on average had expected the company to earn -$0.01 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 0.3% to $104.65 million from $104.38 million last year.
Vimeo, Inc. earnings at a glance (GAAP) :
-Earnings: $6.29 Mln. vs. $10.12 Mln. last year.-EPS: $0.04 vs. $0.06 last year.-Revenue: $104.65 Mln vs. $104.38 Mln last year.
The company expects revenue of close to $106 million, operating income of about $2 million for the third quarter.
The company continues to expect accelerated growth in 2025, with full-year revenue projected to increase in the low single digits.
The company still expects operating income for fiscal year 2025 to be approximately $6 million.
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