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VIMEO REPORTS Q1 2021 – Q1 REVENUE INCREASES 57 % TO $ 89 MILLION Vimeo expected to begin trading as an independent public company on May 25 , 2021 NEW YORK - May 5 , 2021 - Vimeo released its first quarter results today . Monthly metrics for Vimeo through April 2021 are included on page 2 of this release . A letter to IAC shareholders from IAC CEO Joey Levin will be posted after the close of market trading on Thursday , May 6 , 2021 on the Investor Relations section of IAC's website at ir.iac.com . vimeo IAC shareholders are expected to meet on May 14 , 2021 to vote on the proposal to effect the Spin - off of Vimeo . If approved , we expect post - spin Vimeo to begin trading on Nasdaq ( ticker symbol " VMEO " ) on May 25 , 2021 , after trading on a " when - issued " basis on May 18th through May 24th . Revenue Gross profit Gross margin " We are witnessing the rapid proliferation of video into every aspect of business communication . The past year has seen a clear acceleration of demand from organizations looking to leverage professional - quality video in their digital transformation , " said Anjali Sud , Chief Executive Officer of Vimeo . " Vimeo was built to solve this . We had a record quarter with accelerating revenue growth , expanding gross margins and profitability , and we continued to deliver momentum within the enterprise , with enterprise revenue up more than 100 % year - over - year . Looking ahead , our focus remains on product innovation to enable every business to use video with tools that are far easier , more powerful and more cost effective than ever before . " Operating loss ( a ) VIMEO , INC . SUMMARY RESULTS ( $ in millions except per share amounts ) Q1 2021 Q1 2020 Net earnings ( loss ) Diluted EPS Adjusted EBITDA ( a ) $ 89.4 $ 57.0 64.5 38.6 72 % ( 5.6 ) 3.3 0.02 1.3 68 % ( 17.2 ) ( 20.3 ) ( 0.14 ) ( 12.0 ) Growth 57 % 67 % Page 1 of 10 67 % NM NM NM See reconciliation of GAAP to non - GAAP measure beginning on page 7 . ( a ) Operating loss and Adjusted EBITDA will not agree to the IAC financial segment information in IAC's earnings release due to the allocation to Vimeo of certain IAC corporate expenses as required by the Securities and Exchange Commission for standalone reporting purposes . Q1 2021 HIGHLIGHTS Revenue increased 57 % ( accelerating from 54 % in Q4 2020 ) driven by : O 25 % subscriber growth to nearly 1.6 million 27 % ARPU growth to a record high of $ 233 Enterprise revenue increased over 100 % for the third consecutive quarter and Enterprise net revenue retention was greater than 110 % for the third consecutive quarter . New Enterprise customers and customers who expanded their relationship during the first quarter include Intuit , Softbank , Spotify , Amazon , SAP , Comcast , San Antonio Spurs , University of Florida and The New York Times . Launched new products including lead generation tools for marketers , video GIFs for email , live auto closed captions and native integrations with top marketing software platforms Mailchimp , HubSpot and Constant Contact .