Reuters headline: “Vimeo Revenue Jumps 54 Percent in 2018, Paying Subscribers Near 1 Million”.
Sounds good, but five paragraphs down we get this:
Although Vimeo’s revenue is expected to rise “20 to 30 percent
in the near-term,” according to its Chief Executive Anjali Sud,
the video service is far from making a profit as it burns cash
on product development and aggressive marketing to popularize
Vimeo started 15 years ago and still aren’t close to running in the black.
★ Monday, 11 February 2019