Vimeo Inc 2025年季度报告

For the Quarterly Period EndedMarch 31, 2025Or For the transition period from__________to__________Commission File No.001-40420 PageNumberPART IConsolidated Financial StatementsVimeo, Inc. and Subsidiaries This Quarterly Report on Form 10-Q contains "forward-looking statements" within the meaning of the Private Securities LitigationReform Act of 1995. Words such as "will," "may", "could," "should," "would," "anticipates," "estimates," "expects," "plans," "projects," "forecasts," "intends," "targets," "seeks" and "believes," as well as variations of these words, among others, generally identify forward-looking statements. These forward-looking statements include, among others, statements relating to Vimeo's future results of operations andfinancial condition, business strategy, and plans and objectives of management for future operations.Forward-looking statements are based on our management's beliefs and assumptions and on information currently available. These •we have a history of losses,•our prior rapid growth may not be indicative of future performance, •our ability to read data and make forecasts may be limited, •we may not have the right product/market fit and may not be able to attract free users or paid subscribers,•we may not be able to convert our free users into subscribers, •competition in our market is intense, •we may not be able to scale our business effectively, •we may need additional funding as we continue to grow our business, •our use or the capabilities of artificial intelligence ("AI") in our offerings may result in reputational harm, cost and liability, •we may experience service interruptions, •hosting and delivery costs may increase unexpectedly, •our business may be vulnerable to changes in political and economic conditions globally, including the effects of tariffs and othertrade measures, •our business involves hosting large quantities of user-generated content, •we have been sued for hosting content that allegedly infringed on a third-party copyright,•we may face liability for hosting a variety of tortious or unlawful materials, and we have faced and may continue to face negative publicity for removing, or declining to remove, certain content, regardless of whether such content violated any law, •we collect, store, and process large amounts of content and personal information, which may be subject to new and evolvingregulations, and any loss of or unauthorized access to such data could materially impact our business, •if our business becomes constrained by changing legal and regulatory requirements, including with respect to privacy, data securityand data protection, consumer protection, and user-generated content, or enforcement by government regulators, including fines, orders or consent decrees in the United States ("U.S.") or other jurisdictions in which we operate, our operating results will suffer, •our success will depend upon our continued ability to attract, motivate and retain highly skilled individuals worldwide and manageexecutive transitions, •we have faced claims that we infringe third-party intellectual property rights, and•the risks described in the section titled "Risk Factors" and elsewhere in this Quarterly Report on Form 10-Q. Moreover, we operate in a very competitive and rapidly changing environment. New risk factors emerge from time to time, and it is notpossible for our management to predict all risk factors nor can we assess the impact of all factors on our business or the extent to which anyfactor, or combination of factors, may cause actual results to differ from those contained in, or implied by, any forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. We cannot assure you that the events andcircumstances reflected in the forward-looking statements will be achieved or occur. Although we believe that the expectations reflected inthe forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. You Three Months Ended March 31,2025 Net (loss) earnings$(3,916)$Adjustments to reconcile net (loss) earnings to net cash (used in) provided by operating activities:Stock-based compensation expense8,988 Amortization of intangiblesDepreciation Provision for credit losses320Non-cash lease expense1,045Other adjustments, net313Changes in assets and liabilities:Accounts receivable(57)Prepaid expenses and other assets2,010 Capital expendituresCapitalized internal-use software development costs Cash flows from financing activities:Amounts related to settlement of equity awards Proceeds from exercise of stock options247Purchases of treasury stock(23,791)Net cash used in financing activities(32,105) Net (decrease) increase in cash and cash equivalents and restricted cash(36,254)Cash and cash equivalents and restricted cash at beginning of period325,493Cash and cash equivalents and restricted cash at end of period$28