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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.
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.