We have 1.5 million subscribers, as against the hundreds of millions of businesses in the world. We're seeing a ton of demand for our products, and so we're trying to get more awareness out there about the offering.Īnd ultimately, look, I think we see this market as we have a tiny sliver today. You'll see us expand our Salesforce, both in the US and globally. And so we're going to be getting the word out there. The other is many, many people and companies don't actually know that we are a SaaS business. You're going to see us ship more and more features like that, everything from rethinking webinars and virtual events to helping teams collaborate better. Just last week, we launched a corporate video library, a way for all of your company's video content to be housed in one secure, intuitive, searchable, and cinematic experience. And there's so much we can imagine and build to make that easier. They're not able to get started creating content and sharing content easily enough. Ultimately, the reason most large companies and teams don't use video the same way that they use email or chat or text is because the experience isn't intuitive enough. What are you investing in?ĪNJALI SUD: We're investing in a couple key areas- first and foremost, R&D. And we have the tools and the software and the technology to lower those barriers.īRIAN SOZZI: And Anjali, Vimeo is not expected to be, if I'm correct, profitable on an operating basis for the next couple of quarters as you invest in the business. It's really about building a long-term enduring business that's going to enable every company of every size to use professional quality video, because today it's not being used. So I think ultimately, it's not about what the market says in the next couple of quarters. And we're already out at a pretty significant premium to that valuation. We actually raised money a few months ago. And so market expectations and volatility is not something that we're worried about.Īnd you know, it's also true we didn't raise any capital today. We are in the early innings of a huge market, helping every business use video. No, you know, honestly, my team and I are very focused on the long-term. Are you surprised?ĪNJALI SUD: Well, thanks, Brian. You have posted three straight quarters of profits. I'm a little bit surprised by the market reaction. Good to see you down there at the NASDAQ.
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