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 has launched a redesigned user experience for its free streaming service, WatchFree+, enhancing accessibility for millions of users on VIZIO Smart TVs. The update features an intuitive Electronic Program Guide, improved navigation, and personalization options. The service now hosts over 260 channels and 6,000 titles covering diverse genres. Key enhancements include easy access to on-demand content and the ability to watch while browsing. VIZIO aims to continue growth in streaming by leveraging user data for program selection.
VIZIO reported Q3 2022 financial results with net revenue of $435 million, down 26% from $588 million YoY. However, Platform+ net revenue surged 49% to $128 million, with gross profit increasing 38% to $78.9 million. Notable metrics include a net income of $2 million compared to a loss of $18.6 million YoY, and SmartCast Active Accounts rising 15% to 16.6 million. The company also saw a 39% increase in SmartCast ARPU to $27.69. Looking ahead, Q4 guidance suggests Platform+ net revenue between $138-142 million.
Fox Corporation (NASDAQ: FOXA) and VIZIO (NYSE: VZIO) have announced a multi-year expansion of their distribution partnership. The FOX Sports app is now available on VIZIO Smart TVs, alongside FOX Weather on the WatchFree+ channel. This partnership aims to enhance viewer access to a wide range of sports and news programming. VIZIO Ads will gain access to FOX's premium inventory, expanding advertising opportunities. The launch of the FOX Sports app coincides with a promotion showcasing live College Football and NFL games on VIZIO's Home Screen for November 12-13.
Hearst Television's Very Local streaming service is now available on VIZIO (NYSE: VZIO), providing users with 24/7 access to local news and original series. This collaboration enhances Very Local's distribution, allowing viewers nationwide to enjoy relatable content tailored to their communities. Hearst aims to expand its reach through this partnership, while VIZIO enhances its platform with diverse offerings including news, weather, and lifestyle programming. This initiative marks significant growth for Very Local's programming.
VIZIO Holding Corp. (NYSE: VZIO) announced its Chief Revenue and Strategic Growth Officer, Mike O’Donnell, will present at the Stephens Annual Investment Conference on November 16, 2022. The event will be available via live webcast starting at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) on the company’s Investor Relations website. An on-demand replay will follow shortly after the presentation. VIZIO aims to provide immersive entertainment through Smart TVs and sound bars, enhancing the connected home experience.
VIZIO Holding Corp. (NYSE: VZIO) will announce its third-quarter 2022 financial results on November 9, after market close. The company will host a conference call and earnings webcast at 1:30 p.m. PT / 4:30 p.m. ET on the same day to discuss these results. Investors can access the live audio webcast on the company’s Investor Relations website, where a replay will also be provided. VIZIO aims to enhance the connected home experience with its innovative Smart TVs and sound bars.
VIZIO (NYSE: VZIO) has launched My Watchlist, a feature allowing users to consolidate their favorite TV shows and movies from various streaming services into one location on SmartCast TVs. This feature addresses the challenges of managing fragmented streaming content. Additionally, VIZIO enhances SmartCast recommendations based on user viewing habits, offering more personalized content suggestions. Users can easily add content and access tailored recommendations, improving their streaming experience.
VIZIO (NYSE: VZIO) announces its Fall Fest programming lineup on WatchFree+, featuring exclusive series, new movies, and popular titles. This season's offerings include docuseries like Boston George: Famous Without the Fortune, mini-series Sanitarium, and documentaries such as Haunted Gold Rush. Audiences can enjoy On Demand TV series including Canada's Drag Race and Hotel Paranormal. Fall Fest aims to enhance VIZIO’s free streaming service experience with curated entertainment options accessible via SmartCast TVs.
VIZIO (NYSE: VZIO) has announced a significant increase in advertising commitments, reaching over
VIZIO has expanded its free streaming service, WatchFree+, by adding four new channels from The E.W. Scripps Company: ION, ION Mystery, Bounce XL, and Grit Xtra. These channels will provide users with a diverse array of content, including popular dramas and thrilling investigative shows. VIZIO aims to enhance user experience by offering a wide variety of free programming without subscriptions or login requirements. This addition follows a growing relationship with Scripps, expanding the reach of their entertainment brands to millions of households across America.
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