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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.
On September 14, 2022, VIZIO Holding Corp. (NYSE:VZIO) will have its Chief Revenue/Strategic Growth Officer, Mike O’Donnell, participate in the Piper Sandler Growth Frontiers Conference. The event starts at 10:00 A.M. Eastern Time / 7:00 A.M. Pacific Time and will be streamed live on the Company’s Investor Relations website at investors.vizio.com. An on-demand replay will be available post-presentation. VIZIO aims to enhance home entertainment through its Smart TVs and innovative sound bars.
On September 7, 2022, VIZIO Holding Corp. (NYSE: VZIO) CFO Adam Townsend will present at the BofA Securities 2022 Media, Communications & Entertainment Conference. The live webcast is scheduled for 6:40 PM ET on the company's Investor Relations website. An on-demand replay will be available after the event. VIZIO is committed to enhancing connected home experiences with innovative Smart TVs and sound bars that deliver high-quality entertainment and audio.
VIZIO Holding Corp. reported a 2% increase in net revenue for Q2 2022, totaling $408.9 million. The Platform+ segment saw robust growth, with net revenue jumping 69% YoY to $110.8 million and gross profit up 47% YoY to $69.9 million. Average Revenue Per User (ARPU) soared 54% YoY to $25.87. This quarter marked a net income of $2.3 million, a turnaround from a net loss of $14.0 million last year. Despite a decline in device gross profit and adjusted EBITDA down 57% to $11.4 million, the company maintains a positive outlook for Q3, projecting Platform+ net revenue between $120 million and $125 million.
VIZIO (NYSE: VZIO) has launched the VIZIO Account, a new payment and subscription management platform, designed to enhance the experience for Smart TV users. This solution allows users to manage subscriptions to various streaming services, such as Discovery+ and STARZ, all in one place. Key features include easy subscription tracking, a secure platform for account management via a mobile app, and exclusive special offers. The launch aims to provide consumers with greater control over their entertainment choices while also benefiting VIZIO's partners.
VIZIO (NYSE: VZIO) has announced the availability of the STARZ app on its Smart TVs, expanding entertainment options for millions of users. This addition allows access to a vast library of content, including original series like Power and P-Valley, and popular films such as Spider-Man: No Way Home. VIZIO continues to enhance its platform with leading streaming services, promoting a user-friendly experience.
VIZIO hosted its inaugural Developer Conference on July 14, 2022, attracting over 250 attendees from various sectors. The event showcased VIZIO's platform capabilities and featured the launch of the Preferred Developer Program, aimed at simplifying the onboarding for new content partners. Developers were informed about integrating apps and enhancing consumer experiences through VIZIO's advanced advertising business and subscription management system. The conference highlighted VIZIO's commitment to innovation, reinforcing its position in the entertainment market.
VIZIO Holding Corp. (NYSE: VZIO) is set to release its financial results for the second quarter of 2022 on August 10, after market close. The company will hold a conference call and webcast at 2:00 PM PT to discuss the results. The live audio will be accessible on VIZIO's Investor Relations website, with a replay available later. VIZIO focuses on immersive entertainment with its range of Smart TVs and sound bars, aiming to enhance connected home experiences.
VIZIO (NYSE: VZIO) has launched its 2023 M-Series audio collection, emphasizing Dolby Atmos and DTS:X technologies across all models. This year marks the brand's 20th anniversary, showcasing its commitment to delivering high-performance audio at accessible prices. Highlighting the lineup is the M-Series Elevate 5.1.2 Immersive Sound Bar, which has received a CES Innovation Award. The new collection, available this summer, caters to various users with innovative designs and features, starting at $799.99 for the Elevate and $199.99 for the All-In-One model.
VIZIO (NYSE: VZIO) celebrates its 20th anniversary by unveiling its 2023 Smart TV collection, featuring the award-winning 50-inch M-Series Quantum X. This lineup enhances customer experience with superior picture quality, powerful processing, and advanced gaming capabilities. The MQX series boasts up to 1,000 nits peak brightness and supports Dolby Vision HDR. Prices start at $629.99 for the 50-inch model. VIZIO’s M-Series Quantum 6 and V-Series also launch this summer, offering exceptional performance at accessible prices, starting from $349.99 and $289.99, respectively.
VIZIO (NYSE: VZIO) has launched TikTok TV on its Smart TVs, allowing users to access TikTok videos directly from their home screens without any downloads. This integration showcases trending TikTok content and enhances the home viewing experience for VIZIO users. The TikTok TV app enables audiences to explore videos across various genres and link existing TikTok accounts for personalized content. VIZIO emphasizes the evolution of its TV experience by incorporating social media entertainment, aiming to engage families and friends in a communal viewing environment.
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