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NEW YORK - Video platform Vimeo, Inc. (NASDAQ: VMEO), a technology company with a market capitalization of $2.96 billion, announced the election of three new members to its Board of Directors during its Annual Stockholder Meeting on Monday. According to InvestingPro analysis, the company currently trades at attractive valuations relative to its revenue.
Adam Cahan, Lydia Jett, and Kirsten Kliphouse have joined the board, while Alesia J. Haas and Ida Kane, who had served since Vimeo’s 2021 spin-off, have departed. The board changes come as the company maintains a strong financial position, with a healthy current ratio of 2.7 and liquid assets exceeding short-term obligations.
Cahan brings over 25 years of experience in media technology and telecommunications, most recently serving as CEO of PAX, a technology-based consumer goods company. He previously held leadership positions at Yahoo, MTV Networks, Google, McKinsey & Company, and NBC Universal.
Jett is a Founding Partner and Managing Partner at Softbank Investment Advisors, where she heads Consumer Internet and eCommerce sectors. She has over two decades of experience investing in technology businesses.
Kliphouse recently served as President of Google Cloud Americas, overseeing sales, go-to-market strategy, customer engagement, and services. Her prior experience includes leadership roles at Red Hat and Microsoft, as well as CEO positions at Yardarm Technologies and Scaling Ventures.
"Expanding our Board with the combined experience of Adam, Lydia and Kirsten, I am energized by the wealth of opportunity ahead of us," said Philip Moyer, CEO of Vimeo, according to the company’s press release.
Vimeo describes itself as a video experience platform serving millions of users, from creative storytellers to teams at large companies. The company states its videos receive billions of views monthly, generating annual revenue of $3.75 billion with an impressive gross profit margin of 73.2%. For deeper insights into Vimeo’s financial health and growth potential, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which are available for over 1,400 US stocks.
In other recent news, IAC/InterActiveCorp reported its Q1 2025 earnings, revealing a significant miss on both earnings per share and revenue compared to analyst forecasts. The company reported an EPS of -2.64, falling short of the expected -0.73, with revenue coming in at $570.5 million, below the anticipated $809.14 million. Meanwhile, Dotdash Meredith, a key division of IAC, has initiated a private offering to sell $400 million of senior secured notes, with plans to use the proceeds to repay existing debt. In a positive development, S&P Global Ratings upgraded IAC’s issuer credit rating to ’BB’ from ’BB-’, following the spin-off of Angi Inc., which has improved the company’s business outlook.
Citizens JMP analyst Nicholas Jones recently revised the price target for IAC shares to $47 from $64, maintaining a Market Outperform rating, citing potential catalysts within the Dotdash Meredith and Care.com segments. Despite the earnings miss, Dotdash Meredith showed strong digital revenue growth and EBITDA improvement, contributing significantly to IAC’s financial results. Furthermore, IAC has been active in strategic moves, including the full spin-off of Angi and restructuring efforts at Care.com, aimed at enhancing operational efficiency and financial flexibility. These recent developments reflect IAC’s ongoing efforts to navigate financial challenges and leverage growth opportunities across its business segments.
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