1830 ET - Vimeo is focusing on growing its self-serve subscriber, CFO Gillian Munson says on a call with analysts. The company, which targets double-digit growth in revenue by the end of the year, says that one of the trends that support this view is that, even though it rolled out price increases across more than half of the business, it was able to bring its average order value up in the double-digits rate. "While we know we still have work to do in terms of bringing the subs numbers back up, those average revenue per user increases are really helping us in terms of where the bookings trajectory is going in that business," Munson says. Vimeo doesn't provide an outlook on when it expects to return to subscriber growth, though. Shares fall 13% to $5.90 in post-market trading. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
February 19, 2025 18:30 ET (23:30 GMT)
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