Shares of Vimeo Inc. (VMEO) surged 5.07% in Monday's intraday trading session following the release of its second-quarter earnings report, which exceeded expectations and included an upward revision to its full-year guidance.

The video software company reported Q2 revenue of $104.65 million, slightly up from $104.38 million in the same period last year. Despite year-over-year declines in some metrics, Vimeo highlighted improvements compared to the previous quarter. The company's net income increased to $6 million, while Adjusted EBITDA reached $11 million for the quarter.

Investors were particularly encouraged by Vimeo's improved outlook for the full year. The company raised its full-year Adjusted EBITDA guidance to approximately $35 million, up from a previous range of $25 million to $30 million. Additionally, Vimeo expects full-year revenue growth in the low single digits and anticipates full-year operating income of about $6 million. The company's focus on key investment areas, including AI and enterprise security, along with its efforts to align its sales force with revenue metrics, seems to have resonated positively with the market.