Italy's Bending Spoons, Owner of AOL and Vimeo, Files For Nasdaq IPO

Bending Spoons, the Italian app studio behind acquisitions like Eventbrite, Vimeo, WeTransfer, Evernote, and AOL, has filed to go public in the U.S. after growing into a subscription-heavy app conglomerate with more than 500 million monthly active users. TechCrunch reports: In its filing with the Securities and Exchange Commission, Bending Spoons said it ended the year with $1.31 billion in revenue and has generated $601 million in Q1, a 132% year-on-year jump. The company gets the majority of its revenue from subscriptions, which account for 84% of its business. It generated $27.4 million in profit in Q1 2026. The company raised funding at an $11 billion valuation last year, up from $2.8 billion in 2024. In April, Reuters reported that the company could seek a $20 billion valuation with the IPO.

Glad they got all that stuff in one place.

[jddj]

Easier to avoid.

Re:Glad they got all that stuff in one place.

[ArchieBunker]

Vimeo is and was pretty interesting. They were hosting high res videos like this https://vimeo.com/18280328 [vimeo.com] before youtube

Re:

[unrtst]

Vimeo is and was pretty interesting. They were hosting high res videos like this https://vimeo.com/18280328 [vimeo.com] before youtube

Sad. Really thought that'd be a Vimeo version of: https://www.youtube.com/watch?... [youtube.com]

I don't like bending spoons, but...

[ebunga]

They grew slowly, and they mostly snapped up things that were probably not long for this world and somehow has kept every single one of them alive rather than bringing use Vimeo-branded refrigerators.

They'll probably somehow be okay.

Re:

[tphb]

They've actually done a good job reviving moribund Evernote.

Like their model or not, they don't just sit on their legacy assets. They invest in them.

Everyone using slahshdot is old

[ebunga]

If you haven't been a manager for 15 years at this point, your career has stalled out.

Re: I don't like bending spoons, but...

[mfurlan]

They got me to cancel my Evernote subscription of more than 10 years because of the jump in the fee. Weâ(TM)ll see how much longer it lasts.

Re:

[WarlockD]

I have to agree. I haven't been to Vimeo in ages, but the idea of having your own private streaming service or hosting platform is interesting. Especially outside the TOS of YouTube, that changes on a whim. The difficulty is advertising your content though as while there are problems with YouTube's algorithm it does hit more often than not.

Re:

[alvinrod]

Some of those things are probably profitable if they can gut most of the staff and centralize the maintenance work while cashing the cheques from old people who signed up and keep paying. AOL has been coasting on that for decades already, so it's little wonder they and similar sites have wound up on the island of misfit internet companies. They're not making very much money for the valuation they're after though. The notion that the dozens of millions in profit will be able to turn into hundreds of millions

Re:

[Luthair]

Yea, as a non-finance expert I do question the valuation when they spend 98.2% of their revenue on operating expenses.

AOL Still Exists?

[Too Late for Cool ID]

I though I took a long time to close my AOL zombie account, and that was in the 90s.

Re:

[thegarbz]

Oh trust me it's dead. AOL is nothing more than a pointless news aggregator.

Re:AOL Still Exists?

[fropenn]

Oh trust me it's dead. AOL is nothing more than a pointless news aggregator.

Kettle: Pot.

Re:

[thesjaakspoiler]

BendingSpoons will gladly offer you a paid subscription for your free account.

Horrible customer support

[smooth wombat]

My father has been locked out of his email account since last month. Multiple calls to support and now a second ticket for support have gone nowhere. They're a bunch of script kiddies repeating the same things over and over and never listening to what is being said.

The issue is on AOL's end, but they refuse to acknowledge it, let alone do anything.

Based on this experience, no way I'd buy company stock. With that kind of bad service, people will be leaving.

Well, that explains a lot.

[SvnLyrBrto]

Evernote was, for the first many years of its life, the AMG Mercades of note taking apps. It was fast, robust, reliable, feature-rich, and pleasant to use. Then, about five years ago or so, for some reason they decided to... well... to start sucking ass. They released a disasterous new version that is slow, bloated, and buggy; while stripping out quite a lot of the features it used to have. If it were a car now, Evernote would now be an old Fiat Panda with rusted out floorboards and an engine won't get

Re: Well, that explains a lot.

[CAFED00D]

This is true but to be fair Evernote did that without BendingSpoons. The subscription price, on the other handâ¦

So basically

[DrXym]

Bending Spoons is a farm up North where brands you haven't heard of in a while can go to run and play.

Re: Why I ditched Evernote

[mfurlan]

I paid for an account for more than 10 years. Then they increased the rate enough to motivate me to grab my data and start migrating to Obsidian. Donâ(TM)t miss it.

And Vimeo just had a massive layoff...

[bsdetector101]

And Vimeo just had a massive layoff after Bending Spoons bought it. Geez, is there anything left of AOL ??? Think my brother still using their email..lol

its right there in the name...

[mr.dreadful]

Bending Spoons is a common trick hucksters use to convince the gullible that telepathy is a thing.