Vimeo is a cloud-based video hosting and sharing platform that operates as a Software-as-a-Service (SaaS) company. The platform enables businesses and creators to host, create, edit, distribute, and monetize video content. Through its HTML5 video player, Vimeo provides high-quality video streaming capabilities including support for 4K, 8K, and HDR content. The platform offers AI-powered tools for video editing, translation, auto-captioning, and content summarization. As of September 2024, Vimeo generated quarterly revenue of USD 104.6 million, with its business model based primarily on subscription fees from various pricing tiers. In September 2017, Vimeo expanded its capabilities by acquiring Livestream to integrate live streaming functionality. The platform includes features like cloud transcoding, screen recording, video analytics, and review/collaboration tools. Under CEO Anjali Sud's leadership since 2017, Vimeo transformed from a video-sharing destination to a comprehensive video solutions provider for businesses. The platform processes content through adaptive bitrate streaming technology to ensure optimal playback across devices.
Key customers and partnerships
Vimeo serves over 287 million businesses, creatives, and entrepreneurs globally, operating across 190 countries. Notable enterprise customers include Unilever, Tesla, Lululemon, and Spotify. The platform focuses on serving different market segments including sales, marketing, education, and internal communications for businesses. As of September 2024, Vimeo reported having approximately 1.2 million paid subscribers using its professional video tools. The platform's Self-Serve & Add-Ons subscriber base stood at 1,275,400 while Enterprise subscribers numbered 3,800 as of Q3 2024.
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