Vimeo: "The Time for AI in Video Is Now"
Vimeo (NASDAQ: VMEO) held its fourth-quarter and fiscal year 2024 earnings call on February 19, 2025. Under new CEO Philip Moyer, the video software company has been focusing on enterprise customers while working to stabilize its Self-Serve business. The company announced plans for significant investments in 2025 to accelerate growth. Here are the most important takeaways for long-term investors.Vimeo's artificial intelligence (AI) investments are already showing significant returns, with AI features becoming a major driver of new business acquisition in the enterprise segment.In Q4, 40% of our customer deals were driven by our new AI capabilities. And these are new capabilities we have just released earlier in the year, and we've proved very quickly to ourselves, when we develop new capabilities, release them to customers, they sell.Continue reading
Vimeo (NASDAQ: VMEO) held its fourth-quarter and fiscal year 2024 earnings call on February 19, 2025. Under new CEO Philip Moyer, the video software company has been focusing on enterprise customers while working to stabilize its Self-Serve business. The company announced plans for significant investments in 2025 to accelerate growth. Here are the most important takeaways for long-term investors.
Vimeo's artificial intelligence (AI) investments are already showing significant returns, with AI features becoming a major driver of new business acquisition in the enterprise segment.
In Q4, 40% of our customer deals were driven by our new AI capabilities. And these are new capabilities we have just released earlier in the year, and we've proved very quickly to ourselves, when we develop new capabilities, release them to customers, they sell.
