IAC InterActive (IAC) 8-K Other Events

Exhibit 99.1

VIMEO, INC.

FINANCIAL RESULTS and RECONCILIATIONS (UNAUDITED)

($ in thousands, except per share amounts)

The following tables have been prepared on a standalone basis and are derived from the historical accounting records of Vimeo and IAC. The information below reflects the allocation to Vimeo of certain IAC corporate expenses relating to Vimeo based on the historical accounting records of IAC. Further, income taxes have been computed for Vimeo on an as if standalone, separate tax return basis. Accordingly, certain amounts will not agree to Vimeo's results as included in IAC's historical results due to such adjustments made for standalone presentation.

The following table presents Vimeo's consolidated statement of operations for 2019 and 2020:

	2019															2020
	Q1			Q2			Q3			Q4			FY			Q1			Q2			Q3			Q4			FY
Revenue	$	43,581		$	45,713		$	52,145		$	54,576		$	196,015		$	56,968		$	67,334		$	75,130		$	83,786		$	283,218
Cost of revenue (exclusive of depreciation shown separately below)	18,890			18,266			20,730			19,779			77,665			18,358			22,899			22,869			24,951			89,077
Gross profit	24,691			27,447			31,415			34,797			118,350			38,610			44,435			52,261			58,835			194,141
Gross profit margin %	57		%	60		%	60		%	64		%	60		%	68		%	66		%	70		%	70		%	69		%
Operating expenses:
Research and development expense	10,461			10,547			12,305			13,633			46,946			15,293			16,262			16,476			16,207			64,238
Sales and marketing expense	23,544			20,599			21,068			22,126			87,337			25,125			26,519			25,643			28,343			105,630
General and administrative expense	8,729			9,141			8,267			8,052			34,189			12,204			10,983			10,954			15,705			49,846
Depreciation	193			132			39			114			478			58			102			106			194			460
Amortization of intangibles	1,391			2,020			3,119			3,123			9,653			3,123			2,915			6,613			2,093			14,744
Total operating expenses	44,318			42,439			44,798			47,048			178,603			55,803			56,781			59,792			62,542			234,918
Operating loss	(19,627)			(14,992)			(13,383)			(12,251)			(60,253)			(17,193)			(12,346)			(7,531)			(3,707)			(40,777)
Interest expense - related party	(1,677)			(1,955)			(2,418)			(2,488)			(8,538)			(2,453)			(2,372)			(2,160)			(2,131)			(9,116)
Other (expense) income, net (a)	(8,180)			1,872			(45)			(88)			(6,441)			(59)			(164)			89			227			93
Loss before income taxes	(29,484)			(15,075)			(15,846)			(14,827)			(75,232)			(19,705)			(14,882)			(9,602)			(5,611)			(49,800)
Income tax (provision) benefit	(29)			(122)			(72)			(122)			(345)			(555)			106			(205)			(174)			(828)
Net loss	$	(29,513)		$	(15,197)		$	(15,918)		$	(14,949)		$	(75,577)		$	(20,260)		$	(14,776)		$	(9,807)		$	(5,785)		$	(50,628)
Basic and diluted weighted average shares outstanding	116,305			125,261			141,010			141,020			130,994			141,063			141,247			141,282			146,083			142,426
Basic and diluted loss per share (b)	$	(0.25)		$	(0.12)		$	(0.11)		$	(0.11)		$	(0.58)		$	(0.14)		$	(0.10)		$	(0.07)		$	(0.04)		$	(0.36)

The following table provides a reconciliation of Vimeo's net loss to operating loss to Adjusted EBITDA:

	2019										2020
	Q1		Q2		Q3		Q4		FY		Q1		Q2		Q3		Q4		FY
Net loss	$	(29,513)	$	(15,197)	$	(15,918)	$	(14,949)	$	(75,577)	$	(20,260)	$	(14,776)	$	(9,807)	$	(5,785)	$	(50,628)
Add back:
Income tax provision (benefit)	29		122		72		122		345		555		(106)		205		174		828
Other expense (income), net (a)	8,180		(1,872)		45		88		6,441		59		164		(89)		(227)		(93)
Interest expense - related party	1,677		1,955		2,418		2,488		8,538		2,453		2,372		2,160		2,131		9,116
Operating loss	(19,627)		(14,992)		(13,383)		(12,251)		(60,253)		(17,193)		(12,346)		(7,531)		(3,707)		(40,777)
Add back:
Stock-based compensation expense	1,508		1,339		1,895		549		5,291		2,016		4,015		3,526		2,108		11,665
Depreciation	193		132		39		114		478		58		102		106		194		460
Amortization of intangibles	1,391		2,020		3,119		3,123		9,653		3,123		2,915		6,613		2,093		14,744
Adjusted EBITDA (c)	$	(16,535)	$	(11,501)	$	(8,330)	$	(8,465)	$	(44,831)	$	(11,996)	$	(5,314)	$	2,714	$	688	$	(13,908)

(a) Q1 2019 and Q2 2019, includes a realized loss of $8.2 million related to the sale of the hardware business, and a $2.0 million realized gain related to the sale of an investment, respectively.

(b) Quarterly per share amounts may not add up to the related annual per share amount due to differences in the average common shares outstanding during each period.

(c) Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“Adjusted EBITDA”) is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of amortization of intangible assets and impairments of goodwill and intangible assets, if applicable. Vimeo believes this measure is useful for analysts and investors as this measure allows a more meaningful comparison between Vimeo’s performance and that of its competitors. The above items are excluded from Vimeo’s Adjusted EBITDA measure because these items are non-cash in nature. Adjusted EBITDA has certain limitations because it excludes the impact of these expenses.