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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 (NYSE: VZIO) has completed its 2022 upfront negotiations, securing over $100 million in advertising commitments, a fourfold increase from 2021. This includes major investments from top advertising agencies targeting sectors like automotive and retail. VIZIO's direct advertising efforts have doubled brand participation and tripled average revenue per advertiser. The growth is fueled by shifts towards streaming, enhanced by innovative ad offerings and ACR data, allowing precise audience targeting.
VIZIO Holding Corp. (NYSE: VZIO) reported Q2 2021 results with net revenue of $401.2 million, a 2% increase year-over-year. Gross profit rose by 37% to $79.5 million, but the company incurred a net loss of $14.0 million, compared to a $17.3 million profit last year. Adjusted EBITDA increased 7% to $26.5 million. SmartCast Active Accounts surged 43% to 14.0 million, and ARPU jumped 90% to $16.76. The outlook for Q3 includes Platform+ net revenue guidance of $76-$82 million.
VIZIO (NYSE: VZIO) announced that millions of SmartCast viewers will soon access the BET+ streaming service. BET+ offers a wide range of Black culture content, including original series and popular movies. Starting August 4th, SmartCast users can find BET+ on their home screen and can enjoy a free seven-day trial before subscribing for $9.99 per month. This addition enhances VIZIO's SmartCast platform, which already includes major streaming services like Netflix and Hulu. With these enhancements, VIZIO continues to focus on providing diverse entertainment options to its users.
VIZIO (NYSE: VZIO) has launched an enhanced version of its free streaming service, WatchFree+, featuring an intuitive program guide and an expanded content library. Users can access hundreds of free channels, including movies, news, and sports, tailored to their preferences using VIZIO’s Inscape data. The updated service includes advanced search features and voice navigation capabilities. Custom curated channels, such as VIZIO Fork & Flight and VIZIO Investigation, enhance viewer experience. All updates are automatically available on VIZIO SmartCast TVs, promising continual service improvement.
Future Today announced the launch of CoComelon and iFood.tv streaming channels on VIZIO’s SmartCast TVs. With these additions, there are now 13 AVOD apps and four FAST channels available. Future Today experienced a 28% viewership growth this past quarter, reaching over 13 million monthly users streaming 55 million hours of content in May. VIZIO's SmartCast continues to enhance its offerings with a variety of entertainment options, reflecting its commitment to providing quality content in a family-safe environment.
VIZIO Holding Corp. (NYSE: VZIO) will announce its second-quarter financial results for the period ending June 30, 2021, after market close on August 4, 2021. A conference call is set for 4:30 p.m. Eastern Time, allowing investors to discuss the results directly. A live audio webcast of the call will be available on the Company’s Investor Relations website, and a recording will follow. VIZIO focuses on delivering immersive entertainment through innovative Smart TVs and audio products, aiming to enhance the connected home experience.
VIZIO (NYSE: VZIO) announced the upcoming availability of the Funimation app on its SmartCast platform, enabling access to over 13,000 hours of anime content for millions of viewers in the U.S. Highlights include popular series like My Hero Academia and Demon Slayer. The service enhances user experience with VIZIO's superior picture and sound quality. Monthly subscriptions start at $5.99. VIZIO aims to provide diverse content and continues to improve SmartCast features for an immersive home entertainment experience.
VIZIO (NYSE: VZIO) has certified several partners, including Google and FreeWheel, under its Open Addressable Ready (OAR) specifications, enhancing addressable advertising capabilities. With over 11.2 million addressable TVs in the U.S., VIZIO aims to optimize ad inventory and target demographics effectively. Partners have successfully executed campaigns leveraging their technologies, expanding the OAR ecosystem and enabling scalable, integrated advertising solutions. The initiative aims to redefine TV advertising through dynamic, addressable ads.
VIZIO has achieved a significant milestone by surpassing 11.2 million addressable TVs in the U.S. that support frame-accurate dynamic ad insertion. This accomplishment is part of the Project OAR consortium, which includes major TV networks and aims to improve addressable advertising. Key players like AMC Networks, FOX, and WarnerMedia have successfully launched addressable campaigns, increasing relevance for advertisers. The consortium has also expanded its membership, welcoming Univision to enhance its audience reach.
VIZIO (NYSE: VZIO) has unveiled the latest generation of its award-winning SmartCast platform, enhancing search and discovery for users. The updates include faster load times, improved voice capabilities through VIZIO Voice, and new free TV channels. In Q1 2021, SmartCast active user accounts rose by 57% YoY to 13.4 million, with total viewing hours increasing 42% to 7 billion. The platform now supports a broader range of streaming services, including new additions like FOX NOW and Paramount+. Compatibility with connected devices and improved interoperability are also emphasized, catering to the growing demand for streaming content.
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