#IAC VIMEO STOCK FULL#
#IAC VIMEO STOCK REGISTRATION#
#IAC VIMEO STOCK SOFTWARE#

#IAC VIMEO STOCK SOFTWARE#

Vimeo is the world's leading all-in-one video software solution. The proposed transaction is subject to a number of conditions including final approval by IAC's Board of Directors, approval of the separation proposal by IAC stockholders, and receipt of a tax opinion. We're ready for this next chapter and focused on making video far easier and more effective than ever before.'

Our all-in-one solution radically lowers the barriers of time, cost, and complexity that previously made professional-quality video unattainable. 'Today we have a rare opportunity to help every team and organization in the world integrate video throughout their operations, across all the ways they communicate and collaborate. 'We have long believed in the power of video to advance human expression and transform businesses,' said Anjali Sud, CEO of Vimeo. The separation is expected to afford numerous benefits, such as the creation of 'pure-play' Vimeo equity currency through which the company could more effectively raise capital as it aims to invest further in product, technology, enterprise sales and international expansion and pursue strategic acquisitions. 'It's time for Vimeo to spread its wings and become a great independent public company.' 'The combination of Vimeo's remarkable growth, solid leadership position, and enormous market opportunity have made clear its future,' said Joey Levin, CEO, IAC.

#IAC VIMEO STOCK REGISTRATION#

Further details will be provided in a registration statement on Form S-4 relating to the transaction, which IAC and the new Vimeo holding company will soon file with the Securities and Exchange Commission. The proposed transaction is intended to qualify as tax-free to IAC and its stockholders for US federal income tax purposes.

The company said it expects year-over-year revenue growth of around 40% in the second quarter, decelerating to 30% growth through the end of 2021, before accelerating in 2022 “as the investments from this year start to show results,” said CFO Narayan Menon.The transaction is anticipated to take the form of a reclassification of IAC shares, with the effect of IAC stockholders receiving a proportionate amount of Vimeo stock.

#IAC VIMEO STOCK FULL#

In reporting results May 5, Vimeo told investors that it will increase its investments in 2021 and that it doesn’t expect to be profitable for the full year on an adjusted EBITDA basis. The New York-based company held $316 million in cash and equivalents and no debt as of March 31. It has more than 200 million users and as of the end of March had 1.6 million paying subscribers, up 25% year over year.įor the first quarter of 2021, Vimeo reported $89.4 million (up 57% from the year prior) and net income of $3.3 million (compared with a net loss of $20.3 million in Q1 2020). Vimeo provides a suite of video tools for businesses and independent creators. Looking ahead, as an independent public company, we are well positioned to keep innovating with urgency to expand our software suite and put the full power of video in the hands of every business and team in the world.”

Prior to Vimeo’s stock trading on Tuesday, Vimeo CEO Anjali Sud ( pictured above) said in a statement, “This is a proud moment for Vimeo, but just the beginning. Competitors range from YouTube to smaller video-hosting providers like Brightcove and Kaltura. “We think Vimeo’s biggest challenge will be a myriad of competitors from a variety of angles as the shift to video streaming comes in many forms,” BMO Capital Market analyst Dan Salmon wrote in a research note earlier this month.

Iac vimeo stock