The lazy-video-wrapper that you see is a part of a change we made three weeks ago in the way we handle embeds. Vimeo embeds are now lazily loaded, which means that the iframe is only appended on demand.
Missing thumbnails are a known limitation with unlisted Vimeo uploads. There may be a workaround, but we are still investigating it. For more information, please refer to
For now, I can manage by inserting iframes instead of raw URLs:
Something else that might be worth considering is that the image associated with the lazy wrapper is picked up by the Topic Thumbnails plugin and this also breaks my topic thumbnails. I don’t know if there’s a way to ignore it.
The main reason of lazy loading performance, yes. You also get additional benefits such as better search engine optimization (SEO) and improved accessibility, but you should be fine leaving that disabled for now.