You may not be able to tell with this table, but I am 7 months pregnant, and will be stepping away for maternity leave in April. First, I've invited our President and Chief Product Officer, Mark Kornfilt, to join today. We've shared some of the reasons we believe this in our shareholder letter and going forward, we'll look to share more with you as we make traction with these companies.Īnd before we dive into the business, I've got a few team updates to share. These are the customers we see as having the most urgent need for our solution with the budget to invest in best-in-class video capabilities, and who we can grow with most as our product suite expands. We set our north star internally on serving companies with greater than 100 employees. Third, underlying our overall growth rate is an exciting mix shift towards serving larger companies, a shift that we view as ultimately higher-value stickier dollars. We do expect to reaccelerate our revenue growth in the second half of 2022. These factors, along with lapping a strong first half of 2021, make it hard to maintain the exceptional growth rates from this time last year. We're also making needed changes to the business as we shift our go to market, expand our product breadth and enhance our monetization model. We continue to digest the COVID hangover with our smaller customers, both in specific verticals like faith and fitness as well as in use cases like live streaming. Second, we expect our revenue growth in 2022 to slow versus last year by more than we'd like. Increasingly, Vimeo is powering video for work, and we're entering the year with more focused, clarity and rigor. We've had our missteps, but we also see mounting validation of our strategy. First, my team and I are here to change how the world uses video. Last night, I published a letter to our shareholders with 3 main takeaways. With that, I'll turn it over to our CEO, Anjali. Additional information regarding Vimeo's financial performance, including reconciliations with comparable GAAP measures, can be found in our earnings release and Vimeo filings with the SEC as well as in supplemental information posted at the Investor Relations section of our website. These should be considered in addition to and not as a substitute for or in isolation from GAAP measures. We have also provided information regarding certain key metrics and our non-GAAP financial measures, including certain forward-looking measures. These forward-looking views are subject to risks and uncertainties and our actual results could differ materially from the views expressed today. These forward-looking statements typically may be preceded by words such as we expect, we believe, we anticipate or similar such statements. Second, we will discuss Vimeo's outlook and future performance. First, this session will be recorded and available on the Vimeo Investor Relations site later today. We're excited to be here in front of you. Good morning, and thank you for joining Vimeo's Q4 Earnings Event. Mark Kornfilt - President and Chief Product Officer ( NASDAQ: VMEO) Q4 2021 Earnings Conference Call Febru8:30 AM ET
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