Q2 2023 Vimeo Inc Earnings Call - Pre-recorded

Enterprise N R. R was over 100 per cent.

The logo retention were improved your ear.

Third we delivered on our promise to get more efficient while investing for our future with an 18% year over year decline in non-GAAP operating expenses.

<unk> $5 million and 11 million dollar treatment assist you to last year.

Fourth we reduce the your over your rate of decline of our bookings by 2.23%, which is five per cent in Q1 S.

<unk> other week room bookings two per cent your ear led by the new enterprise.

Fifth or innovation investment paid off with the release of an AI powered video Christian Sweet, but you can see honestly discuss here.

Beyond these highlights for the quarter, we continued to sign and pressured customers are being new enterprise, including <unk> executive Com.

<unk> for organizing and managing a video library and Yahoo, and Volvo both for video marketing on the web and social.

Click here to see how workflow management company Monday Dot com is using Danielle for external events.

Webinars and Legion.

Turning to our outlook.

Q3 revenue to be slightly above $100 million <unk>, two three adjusted EBITDA to be down sequentially on an absolute dollar basis.

Largely due to the timing of certain expenses I mean in near $2 million.

For full year revenue, we continue to expect a mid single digit percent decline and we are updating our whole ear adjusted EBITDA guidance expectations to be in the range of $10 million to $15 million from the prior range of $5 million to $10 million due primarily to the strong adjusted EBITDA performance in the second quarter.

Thank you for watching our two 223 or use video we look forward to updating you again next corner.