Vimeo UK Limited
Annual Report and Financial Statements
For the year ended 31 December 2025
Company registration number 08171540 (England and Wales)
Vimeo UK Limited
Company Information
Directors
K A Hagan
(Appointed 19 January 2026)
M Maharaj
(Appointed 19 January 2026)
F Patarnello
(Appointed 19 January 2026)
Company number
08171540
Registered office
Suite LU.231
The Light Bulb
1 Filament Walk
Wandsworth
London
United Kingdom
SW18 4GQ
Auditor
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
Vimeo UK Limited
Contents
Page
Strategic report
1 - 2
Directors' report
3 - 4
Independent auditor's report
5 - 8
Statement of comprehensive income
9
Statement of financial position
10
Statement of changes in equity
11
Notes to the financial statements
12 - 20
Vimeo UK Limited
Strategic Report
For the year ended 31 December 2025
Page 1

The directors present the strategic report for the year ended 31 December 2025.

Results

The loss for the year ended 31 December 2025 after taxation amounted to £26,922 (2024: £197,628).

Review of the business and Key Performance Indicators

The company’s key financial performance indicators during the year were as follows:

| 202 5 | 202 4
Turnover | £1 3,425,137 | £11,759,095
Administrative expenses | £1 3,248,813 | £11,784,568
Operating profit / (loss) | 176,324 | (£25,473)
Operating profit excl. share based payment expense | £851,214 | £747,391

The company’s turnover increased year on year by 1 4% due to an increase in recharges under the cost-plus arrangement.

Principal Risks and uncertainties

The principal risks and uncertainties facing the company are detailed below.

We operate in a highly competitive market. We compete with a variety of companies including large social media networks, real-time video communications services, traditional online video distributors, and niche software providers for business customers. We also face increasing competition from cloud providers that were not traditionally video-centric. These competitors may be able to undercut us on price (e.g., by providing free services), provide superior services, or take advantage of a large installed user base. In addition, we expect that more competitors will emerge given the relatively low barriers to entry for software-based video creation applications, particularly mobile-based applications. New competitors could take the form of start-ups or large, well-funded companies that already operate in markets adjacent to us.

The business faces challenges in attracting and retaining skilled employees due to intense competition, hybrid work pressures, and reliance on competitive compensation. Difficulties in recruitment and rising costs could affect morale and talent retention, potentially impacting growth, service quality, and the ability to execute strategic objectives.

We depend on key third-party vendors to provide core services. We depend on third-party vendors to, among other things, provide customer support, develop software, host videos uploaded by our users, transcode videos (compressing a video file and converting it into a standard format optimized for streaming), stream videos to viewers and process payments. Certain of these third-party vendors have experienced outages in the past that have caused key Vimeo video services to be unavailable for several hours. Outages may expose us to having to offer credits to subscribers, loss of subscribers and reputational damage.

Future Developments

The d irectors do not not anticipate any significant changes to the company’s activities in the foreseeable future, and the business will continue to focus on maintaining its current sales and marketing function in the UK.

Vimeo UK Limited
Strategic Report (Continued)
For the year ended 31 December 2025
Page 2

On behalf of the board

M Maharaj
Director
21 July 2026
Vimeo UK Limited
Directors' Report
For the year ended 31 December 2025
Page 3

The directors present their annual report and financial statements for the year ended 31 December 2025.

Principal activities

Throughout the year, the company’s principal activit ies were sales and marketing of Vimeo Inc.’s products, and also providing engineering development and support for Vimeo products.

Results and dividends

The results for the year are set out on page 9.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

G Munson
(Resigned 8 August 2025)
J Tracy
(Resigned 19 January 2026)
K A Hagan
(Appointed 19 January 2026)
M Maharaj
(Appointed 19 January 2026)
F Patarnello
(Appointed 19 January 2026)
A Kaplicer
(Appointed 1 October 2025 and resigned 19 January 2026)
Future developments

In accordance with the Companies Act 2006, information on future developments is included in the Strategic Report.

Auditor

The auditor, Moore Kingston Smith LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Vimeo UK Limited
Directors' Report (Continued)
For the year ended 31 December 2025
Page 4
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
M Maharaj
Director
21 July 2026
Vimeo UK Limited
Independent Auditor's Report
To the Members of Vimeo UK Limited
Page 5
Opinion

We have audited the financial statements of Vimeo UK Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Vimeo UK Limited
Independent Auditor's Report (Continued)
To the Members of Vimeo UK Limited
Page 6

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the Strategic Report and the Directors' R eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the Strategic Report or the Directors' R eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' R esponsibilities S tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Vimeo UK Limited
Independent Auditor's Report (Continued)
To the Members of Vimeo UK Limited
Page 7
Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the company’s internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Vimeo UK Limited
Independent Auditor's Report (Continued)
To the Members of Vimeo UK Limited
Page 8

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company.

Our approach was as follows:

- We obtained an understanding of the legal and regulatory requirements applicable to the company and considered that the most significant are the Companies Act 2006, UK financial reporting standards as issued by the Financial Reporting Council, and UK taxation legislation.

- We obtained an understanding of how the company complies with these requirements by discussions with management and those charged with governance.

- We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.

- We inquired of management and those charged with governance as to any known instances of non-compliance or suspected non-compliance with laws and regulations.

- Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Use of our Report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

21 July 2026
John Staniforth (Senior Statutory Auditor)
for and on behalf of Moore Kingston Smith LLP
6th Floor
9 Appold Street
Chartered Accountants
London
Statutory Auditor
EC2A 2AP
Vimeo UK Limited
Statement of Comprehensive Income
For the year ended 31 December 2025
Page 9
2025
2024
Notes
£
£
Turnover
3
13,425,137
11,759,095
Administrative expenses
(13,248,813)
(11,784,568)
Operating profit/(loss)
4
176,324
(25,473)
Interest receivable and similar income
6
12,509
21,549
Profit/(loss) before taxation
188,833
(3,924)
Tax on profit/(loss)
7
(215,755)
(193,704)
Loss and total comprehensive income for the financial year
(26,922)
(197,628)

The statement of comprehensive income has been prepared on the basis that all operations are continuing operations.

Vimeo UK Limited
Statement of Financial Position
As at 31 December 2025
Page 10
2025
2024
Notes
£
£
£
£
Fixed assets
Costs to obtain a contract
8
2,704,015
2,949,435
Current assets
Debtors
9
2,636,036
1,823,390
Cash at bank and in hand
1,696,390
2,167,367
4,332,426
3,990,757
Creditors: amounts falling due within one year
10
(1,432,253)
(1,983,972)
Net current assets
2,900,173
2,006,785
Net assets
5,604,188
4,956,220
Capital and reserves
Called up share capital
12
2,300,100
2,300,100
Capital contribution reserve
4,527,094
3,852,204
Profit and loss reserves
(1,223,006)
(1,196,084)
Total equity
5,604,188
4,956,220
The financial statements were approved by the board of directors and authorised for issue on 21 July 2026 and are signed on its behalf by:
M Maharaj
Director
Company Registration No. 08171540
Vimeo UK Limited
Statement of Changes in Equity
For the year ended 31 December 2025
Page 11
Share capital
Capital contribution reserve
Retained earnings
Total
£
£
£
£
Balance at 1 January 2024
2,300,100
3,079,340
(998,456)
4,380,984
Year ended 31 December 2024:
Loss and total comprehensive income for the year
-
-
(197,628)
(197,628)
Share based payment expense
-
772,864
-
772,864
Balance at 31 December 2024
2,300,100
3,852,204
(1,196,084)
4,956,220
Year ended 31 December 2025:
Loss and total comprehensive income for the year
-
-
(26,922)
(26,922)
Share based payment expense
-
674,890
-
674,890
Balance at 31 December 2025
2,300,100
4,527,094
(1,223,006)
5,604,188
Vimeo UK Limited
Notes to the Financial Statements
For the year ended 31 December 2025
Page 12
1
Accounting policies
Company information

Vimeo UK Limited is a private company limited by shares, domiciled and incorporated in England and Wales. The registered office is Suite LU.231, The Light Bulb, 1 Filament Walk, Wandsworth, London, United Kingdom, SW18 4GQ.

1.1
Accounting convention

The financial statements have been prepared in accordance with Financial Reporting Standard 101 'Reduced Disclosure Framework' ("FRS 101") and in accordance with the Companies Act 2006.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the following disclosure exemptions under FRS 101:

- the requirements of paragraphs 45(b) and 46-52 of IFRS 2 Share based Payment;

- the requirements of IFRS 7 Financial Instruments: Disclosures;

- the requirements of paragraphs 91-99 of IFRS 13 Fair Value Measurement;

- the requirement in paragraph 38 of IAS 1 ‘Presentation of Financial Statements’ to present comparative information in respect of: (i) paragraph 79(a) (iv) of IAS 1, (ii) paragraph 73(e) of IAS 16 Property Plant and Equipment (iii) paragraph 118 (e) of IAS 38 Intangibles Assets, (iv) paragraphs 76 and 79(d) of IAS 40 Investment Property and (v) paragraph 50 of IAS 41 Agriculture;

- the requirements of paragraphs 10(d), 10(f), 16, 38A to 38D, 39 to 40 ,111 and 134-136 of IAS 1 Presentation of Financial Statements;

- the requirements of IAS 7 Statement of Cash Flows;

- the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors;

- the requirements of paragraph 17 of IAS 24 Related Party Disclosures;

- the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

As permitted by FRS 101, the company has taken advantage of the disclosure exemptions available under that standard in relation to share based payments, financial instruments, capital management, presentation of a cash flow statement, presentation of comparative information in respect of certain assets, standards not yet effective, and related party transactions.

Where required, equivalent disclosures are given in the group accounts of Vimeo, Inc. The group accounts of Vimeo, Inc. are available to the public and can be obtained as set out in note 14.

1.2
Going concern

The true company made a loss for the year ended 31 December 202 5 of £26,922 (20 24: Loss of £197,628). Excluding share based payment expense, the company made a profit for the year ended 31 December 202 5 of £647,968 (20 24: £575,236). Furthermore, the net assets and reserves of the company both increased from £4,956,220 as at 31 December 2024 to £5,604,188 as at 31 December 2025. The company’s immediate parent undertaking has undertaken to support the company for a period of at least one year from the date of approval of the financial statements and the company and group remain strongly cash positive. There is no reason to suggest that the company should not be operating as a going concern.

1.3
Turnover

Turnover represents amounts earned from management recharge income for providing sales and marketing services to Vimeo.com, Inc net of VAT. Revenue is recognised when the services have been rendered and the amount is receivable from Vimeo.com, Inc.

Vimeo UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
Page 13
1.4
Costs to obtain a contract

Costs to obtain a contract are comprised of capitalised commission costs. These are stated at cost less accumulated amortisation and accumulated impairment losses.

The company has determined that commissions paid to employees pursuant to certain sales incentive programs meet the requirements to be capitalised as a cost of obtaining a contract with a customer and are amortised over 4.5 years which is the estimated average customer relationship period. Vimeo calculates the estimated customer relationship period as the average customer life, which is based on historical data.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The company has a capitalisation policy of $5,000, in line with that of the parent company. Therefore, any assets purchased for less than this amount are not included as tangible fixed assets in the Statement of Financial Position.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
Straight line over 3 years
Computer equipment
Straight line over 3 years
Impairment of tangible assets

At each reporting end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Vimeo UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
Page 14
1.6
Cash at bank and in hand

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial assets

Basic financial instruments are measured at cost. The company has no other financial instruments or basic financial instruments measured at fair value.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

1.8
Financial liabilities

The company recogni s es financial debt when the company becomes a party to the contractual provisions of the instruments. Financial liabilities are classified as either 'financial liabilities at fair value through profit or loss' or 'other financial liabilities'.

Other financial liabilities

Other financial liabilities, including borrowings, t rade payables and other short-term monetary liabilities, are initially measured at fair value net of transaction costs directly attributable to the issuance of the financial liability. They are subsequently measured at amortised cost using the effective interest method. For the purposes of each financial liability, interest expense includes initial transaction costs and any premium payable on redemption, as well as any interest or coupon payable while the liability is outstanding.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company’s obligations are discharged, cancelled, or they expire.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Vimeo UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
Page 15
Deferred tax

Deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit, and is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Vimeo UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
Page 16
1.13
Share-based payments

The company operates a Restricted Stock Unit (RSU) scheme offering shares in Vimeo, Inc, the company's parent company. The scheme has time based vesting conditions and the RSUs are forfeited when employment ceases. The RSUs will be settled with the exercise of shares at the market value on the date of exercise (equity settled).

The fair value at grant of the RSUs has been calculated as the market value of the shares at grant date less the expected dividends over the expected vesting period.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Critical accounting estimates and judgements

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Critical judgements
Amortisation of costs to obtain a contract

The amortisation period is based on average customer retention data provided by Vimeo.com Inc, which Vimeo UK Limited relies on to determine the useful economic life of the benefit. Although Vimeo UK Limited does not control the underlying customer retention, the period is applied systematically in accordance with IFRS 15, consistent with the pattern of economic benefit.

Any changes in the expected retention period would impact the amortisation expense recognised in the financial statements.

3
Turnover

All turnover relates to management fees receivable from the immediate parent company.

2025
2024
£
£
Turnover analysed by class of business
Vimeo
13,425,137
11,759,095
Vimeo UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
3
Turnover
(Continued)
Page 17
2025
2024
£
£
Turnover analysed by geographical market
North America
13,425,137
11,759,095
4
Operating profit/(loss)
2025
2024
£
£
Operating profit/(loss) for the year is stated after charging/(crediting):
Exchange losses
1,012
5,444
Fees payable to the company's auditor for the audit of the company's financial statements
23,100
22,000
Amortisation of costs to obtain a contract
1,149,264
888,946
Share-based payments
674,890
772,864
5
Employees

The average monthly number of persons (including directors) employed by the company during the year was 76 (2024:77).

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
8,688,831
8,468,984
Social security costs
1,242,036
922,376
Pension costs
215,013
200,149
10,145,880
9,591,509

Redundancy and restructuring costs in the year amount ed to £541,785 (202 4: £592,693 ) which are included in wages and salaries above.

6
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
12,509
21,549
Vimeo UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 18
7
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
200,379
193,704
Adjustments in respect of prior periods
15,376
-
Total UK current tax
215,755
193,704

The charge for the year can be reconciled to the profit/(loss) per the profit and loss account as follows:

2025
2024
£
£
Profit/(loss) before taxation
188,833
(3,924)
Expected tax charge/(credit) based on a corporation tax rate of 25.00% (2024: 25.00%)
47,208
(981)
Effect of expenses not deductible in determining taxable profit
1,614
1,068
Share based payment charge
168,722
193,216
Provisions
(1,789)
401
Taxation charge for the year
215,755
193,704
8
Costs to obtain a contract
£
Cost
At 1 January 2025
4,867,116
Additions
903,844
At 31 December 2025
5,770,960
Amortisation and impairment
At 1 January 2025
1,917,681
Charge for the year
1,149,264
At 31 December 2025
3,066,945
Carrying amount
At 31 December 2025
2,704,015
At 31 December 2024
2,949,435
Vimeo UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 19
9
Debtors
2025
2024
£
£
Corporation tax recoverable
13,888
-
VAT recoverable
16,012
12,937
Amount owed by parent undertaking
1,711,897
1,205,951
Other debtors
820,201
471,635
Prepayments and accrued income
74,038
132,867
2,636,036
1,823,390
10
Creditors
2025
2024
Notes
£
£
Trade creditors
9,179
5,409
Corporation tax
-
0
193,608
Other taxation and social security
638,302
353,830
Accruals and deferred income
784,772
1,431,125
1,432,253
1,983,972
11
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
215,013
200,149

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

12
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
2,300,100
2,300,100
2,300,100
2,300,100

There is a single class of ordinary shares. There are no restrictions on the distribution of dividends and the repayment of capital.

Vimeo UK Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2025
Page 20
13
Share-based payments

The company operates a Restricted Stock Unit (RSU) scheme offering shares in Vimeo, Inc, the company's parent company. The scheme has time based vesting conditions and the RSUs are forfeited when employment ceases. The RSUs will be settled with the exercise of shares at the market value on the date of exercise (equity settled).

Number of restricted stock units
2025
2024
Outstanding at 1 January
217,857
403,929
Granted in the period
61,800
98,232
Forfeited in the period
(62,674)
0
(146,709)
Exercised in the period
(216,983)
0
(137,595)
Outstanding at 31 December
-
0
217,857

During the year, the company granted 61,800 RSUs. The fair value at grant of the RSUs has been calculated as the market value of the shares at grant date less the expected dividends over the expected vesting period.

During the year, the company recognised total share-based payment expense of £674,890 which relates to share based payment transactions for the RSUs. The options granted have a vesting period of between 1 and 4 years.

Expenses
Related to equity settled share based payments
674,890
772,864
14
Parent company

The ultimate parent company is Bending Spoons Operations S.p.A (Italy) which is the parent company of Bending Spoons US I nc.

Bending Spoons US I nc. acquired a 100% shareholding in Vimeo Inc. on 24 November 2025.

Vimeo UK Limited is controlled by Vimeo.com, Inc., a company incorporated in the United States of America, by virtue of holding 100% of the issued shares. Vimeo.com, Inc. is wholly owned by Vimeo Inc, which is owned 100% by Bending Spoons US Inc.

The largest group of undertakings for which group accounts have been drawn up is that headed by Vimeo, Inc., a company incorporated in Delaware, USA. The registered office of the principal place of business for Vimeo, Inc. is 330 W 34th Street, New York, USA.

On 10 September 2025, the ultimate parent company of the Company, Vimeo, Inc., entered into a definitive agreement to be acquired by Bending Spoons, a European technology company. The transaction was unanimously approved by the board of directors of Vimeo, Inc. and complete d in the fourth quarter of 2025.

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