Vimeo Shares Face Critical Test Amid Acquisition Talks

Vimeo Inc. finds itself at a pivotal crossroads as disappointing quarterly results cast uncertainty over its impending acquisition by Bending Spoons. The video software platform’s stock exhibited volatility in premarket trading following the release of mixed financial metrics that revealed an unexpected quarterly loss.

The third-quarter earnings report delivered several negative surprises for investors. Rather than achieving the projected profit of $0.03 per share that market watchers had anticipated, Vimeo reported a loss of $0.01 per share. Revenue figures also missed expectations, coming in at $105.76 million compared to the $106.03 million forecast.

The year-over-year comparison reveals even more troubling trends. Vimeo swung from a net profit of $9.28 million in the same quarter Read more...