Vimeo revenue hits $160 million in 2018, paying users near one million

(Reuters) - Online video platform Vimeo's paying subscriber base grew to about 952,000 at the end of 2018 and the company made $160 million in revenue during the year, its parent group IAC revealed on Thursday. Vimeo's revenue and user figures highlight the rising interest in alternate video platforms which are much smaller than market leader YouTube but are growing by serving a niche customer base. Vimeo, founded in 2004, caters largely to business customers and professionals who pay anywhere from $84 to $900 a year to upload and use professional tools to edit high-definition videos on its ad-free platform.

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