Vimeo
Video hosting platform / From Wikipedia, the free encyclopedia
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Vimeo, Inc. (/ˈvɪmioʊ/)[3] is an American video hosting, sharing, and services platform provider headquartered in New York City. Vimeo focuses on the delivery of high-definition video across a range of devices. Vimeo's business model is through software as a service (SaaS). They derive revenue by providing subscription plans for businesses and content creators. Vimeo provides its subscribers with tools for video creation, editing, and broadcasting, enterprise software solutions, as well as the means for video professionals to connect with clients and other professionals. As of December 2021,[update] the site has 260 million users, with around 1.6 million subscribers to its services.[1]
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| Type of business | Public company |
|---|---|
Type of site | Video hosting service, Software as a service |
| Available in | English, Spanish, German, French, Japanese, Portuguese, Korean |
| Traded as |
|
| Founded | November 2004; 18 years ago (2004-11) |
| Headquarters | , United States |
| Area served | Worldwide |
| Founder(s) | |
| Key people | |
| Products |
|
| Revenue |  US$433 million (2022) |
| Operating income |  US$−83 million (2022) |
| Net income | US$−80 million (2022) |
| Total assets | US$605 million (2022) |
| Total equity | US$354 million (2022) |
| Employees | 1,236 (December 2022) |
| Subsidiaries | |
| URL | vimeo |
| Advertising | No |
| Registration | Optional |
| Users | 300 million (2022) |
| Launched | November 2004; 18 years ago (2004-11) |
| Current status | Active |
| [1][2] | |
The site was initially built by Jake Lodwick and Zach Klein in 2004 as a spin-off of CollegeHumor to share humor videos among colleagues, though put to the side to support the growing popularity of CollegeHumor. IAC acquired CollegeHumor and Vimeo in 2006, and after Google had acquired YouTube for over US$1.65 billion, IAC directed more effort into Vimeo to compete against YouTube, focusing on providing curated content and high-definition video to distinguish itself from other video sharing sites. Lodwick and Klein eventually left by 2009, and IAC implemented a more corporate-focused structure to build out Vimeo's services, with current CEO Anjali Sud having been in place since July 2017. IAC spun off Vimeo as a standalone public company in May 2021.