Welcome to our dedicated page for VIZIO Holding news (Ticker: VZIO), a resource for investors and traders seeking the latest updates and insights on VIZIO Holding stock.
VIZIO Holding Corp. (symbol: VZIO) is a prominent American company specializing in the delivery of smart, innovative electronics. Known for its commitment to providing brilliant and awe-inspiring entertainment experiences, VIZIO operates through two distinct integrated businesses: Device and Platform+.
The Device business focuses on high-performance Smart TVs and soundbars, catering to a wide range of consumer preferences. VIZIO's products are known for their quality and immersive audio-visual experiences. The company generates significant revenue from these devices, which are distributed to retailers and consumers across the United States and directly through their website.
The Platform+ business enhances the entertainment experience by integrating compelling content and services into VIZIO Smart TVs. The company leverages its platform to offer a variety of entertainment options, collaborating with content providers and advertisers to deliver personalized and engaging experiences to viewers. VIZIO is continually expanding its content library, ensuring that viewers have access to a diverse range of channels and on-demand content.
VIZIO Holding Corp. has a strong financial foundation, with the Device segment being the primary revenue driver. The company's recent partnerships and collaborations, such as the launch of the Monster Jam FAST channels on VIZIO WatchFree+ and Pluto TV, highlight its ongoing efforts to innovate and expand its entertainment offerings. These channels bring iconic motorsports action to viewers, enhancing the value and appeal of VIZIO's Smart TV platform.
Interested in joining the VIZIO team? Explore career opportunities at vizio.com/careers.
VIZIO (NYSE: VZIO) announces significant holiday discounts on Smart TVs and Soundbars across major retailers for Black Friday and Cyber Monday. Notable deals include the 75" Quantum Pro for $798 (was $998), 86" 4K Smart TV for $798 (was $999), and Elevate SE Soundbar for $399.99 (was $499.99). The products feature Dolby Vision support, Wi-Fi 6 connectivity, and access to WatchFree+ streaming service. Sales run primarily from November 18 through December 2, 2024, at retailers including Walmart, Sam's Club, Target, and Best Buy.
VIZIO Holding Corp. (NYSE: VZIO) reported Q3 2024 financial results showing mixed performance. Total net revenue increased 4% YoY to $444.7 million, driven by Platform+ revenue growth of 26% to $197.0 million. Platform+ gross profit rose 16% to $115.8 million. However, net income decreased significantly to $0.5 million from $13.8 million in Q3'23. SmartCast metrics showed positive trends with ARPU up 18% to $37.17 and active accounts reaching 19.1 million. The company expanded its content offerings through new app launches and WatchFree+ mobile expansion.
NewsON, a leading local news streaming service, has launched its free app on VIZIO TVs. The ad-supported platform provides access to over 285 trusted TV stations across 135+ markets, covering 90% of the U.S. The service includes live newscasts, on-demand content, and 190+ local stations offering FAST channels. Features include weather forecasts, breaking news, and trending stories through What'sON. The expansion aims to enhance local news accessibility, particularly during critical events like elections and severe weather.
VIZIO (NYSE: VZIO) announces MicMe, a new karaoke experience integrating with VIZIO Soundbars, featuring two wireless LED microphones. Priced at $349.99, the system will be available at major retailers including Walmart, Sam's Club, Best Buy, Amazon, and Target, with shipping starting end of November. The product includes a free MicMe Karaoke App powered by Stingray, offering access to over 85,000 songs. Features include six voice enhancements, nine mic ambient color options, up to eight hours of battery life, and Dolby Atmos and DTS:X technologies. The system includes a compact wireless subwoofer and maintains high-quality sound for regular TV audio use.
VIZIO Holding Corp. (NYSE: VZIO) has announced the release date for its third quarter 2024 financial results. The company plans to publish the results on Wednesday, November 6, after market close. The earnings information will be available through a press release and a presentation highlighting quarterly performance, both of which will be posted on the VIZIO Investor Relations website.
Notably, due to the pending transaction with Walmart, VIZIO will not be hosting an earnings conference call or providing financial guidance. Investors and interested parties can access additional materials and information by visiting investors.vizio.com.
VIZIO (NYSE: VZIO) announced the upcoming launch of Rockstar Kitchen Chronicles, an exclusive unscripted series hosted by Gavin Rossdale, lead singer of Bush. Premiering early 2025 on VIZIO's free streaming service, WatchFree+, the show will feature celebrity guests cooking and conversing with Rossdale. The announcement was made during a panel at Advertising Week.
The series, currently in production, will include guests such as Serena Williams, Common, and Sir Tom Jones. VIZIO's viewership data shows a 16.5% increase in time spent watching food and cooking-related content on SmartCast apps in 2024 compared to 2023. The show aims to tap into the intersection of food, entertainment, and music, providing opportunities for brand integration.
VIZIO (NYSE: VZIO) has introduced QuickFit, an innovative attachment solution for its 2024 soundbar lineup. This patent-pending technology allows users to easily connect VIZIO soundbars to compatible VIZIO televisions without additional tools. The system uses two thumbscrews and a simple click mechanism, ensuring a secure and aligned fit.
QuickFit addresses common challenges in soundbar mounting, offering a cleaner, more sophisticated look for modern living rooms. It's available on all 2024 VIZIO Soundbars, including the award-winning Elevate SE and All-in-One models, and is compatible with VIZIO TVs 55" and larger. This solution enhances the user experience without increasing costs, demonstrating VIZIO's commitment to providing value-driven innovations across its product range.
KERV, a leader in video analysis and monetization, has announced a strategic partnership with VIZIO (NYSE: VZIO) to enhance interactive connected TV (CTV) advertising capabilities. This collaboration aims to create more engaging viewer experiences and help brands improve their CTV advertising effectiveness. Key highlights include:
- KERV's AI technology has processed millions of hours of video content, enabling dynamic interactivity and precise targeting across devices.
- The partnership will provide brands with end-to-end solutions for creating personalized, interactive campaigns at scale.
- Interactive video ads have been shown to increase brand favorability, search intent, and purchase intent by up to 1.5 times.
- Customized QR codes and end frames have increased scan rates by 2-3 times.
This collaboration is expected to unlock new commerce opportunities and data-driven insights in interactive advertising, potentially raising industry standards for engagement and effectiveness.
VIZIO (NYSE: VZIO) has expanded its popular WatchFree+ service to the VIZIO mobile app for iOS and Android devices. Users can now access over 300 free, live channels on-the-go, even without a VIZIO TV. The service offers:
- 260+ free, live entertainment channels
- 40 local channels
- Content including sports, news, entertainment, and kids programming
- Popular shows like Law & Order: SVU and Project Runway
The app allows users to continue watching from where they left off on their VIZIO TV, personalize their experience, and browse through customized recommendations. The update also includes a new Home tab for discovery and organization. WatchFree+ is available for free with a VIZIO Account in the United States.
VIZIO (NYSE: VZIO) has launched the VIZIO Sports Zone, a new feature on VIZIO Smart TVs designed to simplify game discovery for sports fans. This centralized hub brings together top live broadcasts and on-demand content from multiple streaming apps into one easily accessible space on the VIZIO Home screen.
The Sports Zone organizes live and upcoming games by sport, with dedicated event pages displaying all streaming options across available apps. It covers major leagues including NFL, NCAA Football, MLB, NBA, NHL, WNBA, and NCAA basketball. Users can create personalized schedules by saving upcoming events to their watchlist.
This launch follows VIZIO's exclusive presentation of The Women's Cup on WatchFree+, highlighting the company's commitment to creating unique, fan-centric experiences for sports enthusiasts. VIZIO's WatchFree+ service offers over 300 live channels and 20,000 on-demand titles at no additional cost.
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