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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.
VIZIO Holding Corp. (NYSE: VZIO) has announced that Mike O’Donnell, Chief Revenue/Strategic Growth Officer, will engage in a fireside chat at the Wells Fargo Streaming & Connectivity Conference on June 14, 2022, at 2:00 p.m. CT. Interested parties can access a live webcast via VIZIO’s Investor Relations website, with a replay available afterward. VIZIO aims to enhance entertainment experiences through innovative Smart TVs and sound bars, thereby positioning itself at the forefront of the connected home market.
VIZIO Holding Corp. (NYSE: VZIO) announced that Chief Financial Officer Adam Townsend will join a fireside chat at the BofA Securities 2022 Global Technology Conference on June 7, 2022, at 11:00 a.m. PT. A live webcast of the event will be available on VIZIO's Investor Relations website, with a replay accessible afterward. VIZIO aims to enhance connected home experiences through innovative Smart TVs and sound bars, while providing content distribution opportunities for providers and advertisers.
The renewed agreement between 605 and VIZIO (NYSE: VZIO) will continue the use of VIZIO's Inscape Data for measurement and reporting through 2026. The partnership provides 605 access to data from approximately 20 million opted-in VIZIO Smart TVs, enhancing its capabilities in audience measurement and targeting. 605's CEO, Kristin Dolan, emphasized the importance of this data for actionable insights in advertising. VIZIO's Inscape ACR data stands as the largest source of opt-in smart TV viewing data, supporting Advanced Audiences for improved media targeting.
VIZIO Holding Corp. (NYSE: VZIO) has announced that its Founder and CEO, William Wang, will participate in a fireside chat at the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2022, at 8:50 a.m. ET. A live webcast of the event will be available on VIZIO’s Investor Relations website, with a replay accessible afterward. VIZIO is committed to delivering innovative entertainment solutions through its Smart TVs and sound bars, enhancing connected home experiences.
VIZIO Holding Corp. reported Q1 2022 results, with net revenue of $485.5 million, down 4% YoY from $505.7 million. Platform+ net revenue surged 97% YoY to $102.6 million, while gross profit decreased 16% to $72.8 million. The company experienced a net loss of $11 million, compared to a net income of $3.4 million last year. Adjusted EBITDA plummeted 89% to $4.4 million. SmartCast Active Accounts rose 16% to 15.6 million, with average revenue per user increasing 64% to $23.68.
VIZIO (NYSE: VZIO) showcased its Smart TV innovations during the IAB NewFronts in New York, aiming to enhance viewer engagement. The company highlighted advanced advertising technologies, expanded content offerings, and the success of its ad-supported streaming service, WatchFree+, which features over 250 channels. Celebrating its 20th anniversary, VIZIO emphasized its integrated platform's role in connecting advertisers with a diverse audience. Key executives presented data-driven insights into VIZIO's growth and future ad solutions, reinforcing its position as a key player in the advertising market.
VIZIO Holding Corp. (NYSE: VZIO) announced that CFO Adam Townsend will participate in the 17th Annual Needham Technology & Media Conference on May 18, 2022, at 11:00 a.m. ET. A live webcast of the chat will be available on VIZIO's Investor Relations website, and a replay will follow the event. VIZIO aims to enhance entertainment experiences through innovative Smart TVs and soundbars, positioning itself as a leader in the connected home market.
Passionflix, a premium streaming service for romance content, has launched its app on VIZIO Smart TVs, providing 24/7 access to original movies and series adapted from bestselling romance books. The partnership enhances user experience by allowing VIZIO customers to enjoy Passionflix’s extensive library, which includes popular adaptations like K. Bromberg's Driven and Jodi Ellen Malpas' This Man. Founder Tosca Musk expressed excitement over this collaboration, highlighting the instant access it offers to fans of romance entertainment.
Nielsen (NYSE: NLSN) has signed a multi-year agreement with VIZIO (NYSE: VZIO) to utilize Inscape Smart TV data from around 20 million devices. This deal grants Nielsen exclusive access to viewing data from an expanded list of 400 local stations, enhancing its audience measurement services. By integrating this data, Nielsen aims to improve representation and understanding of viewing habits across various platforms. The agreement underscores Nielsen's commitment to innovation in media measurement and supports VIZIO's efforts to enhance consumer experience in the evolving TV marketplace.
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