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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), the top-selling sound bar brand in the U.S., announces an updated range of sound bars aimed at enhancing home audio experiences. The new lineup features models with Dolby Atmos and DTS:X technology, catering to various budgets and needs. Innovations include easy integration with VIZIO TVs, a redesigned remote, and improved HDMI ARC connectivity. The Elevate model, priced at $999.99, offers advanced audio capabilities, while other models range from $99.99 to $499.99. The products will be available through major retailers including Walmart and Best Buy.
VIZIO (NYSE: VZIO) announced that Mike O’Donnell, the Chief Revenue Officer of Platform+, will participate in a Q&A session at the 2021 Wells Fargo Virtual Media Telco Day on June 7th at 11:45 am ET. Investors are encouraged to register for a live webcast of the event, which will also be available for replay afterwards on VIZIO’s Investor Relations website. VIZIO is committed to delivering innovative entertainment solutions through its Smart TVs and SmartCast platform, targeting a growing digital audience.
VIZIO (NYSE: VZIO) has unveiled its new 2022 TV lineup, featuring enhanced 4K Ultra HD models with superior picture quality and advanced gaming capabilities. The lineup includes voice-controlled remotes and support for next-gen gaming consoles with HDMI 2.1. The P-Series boasts Quantum Color and a peak brightness of 1200 nits, while the M-Series features improved brightness and color range. The D-Series offers affordable options with smart features. Pricing ranges from $139.99 to $2,199.99, with availability at major retailers.
VIZIO (NYSE: VZIO) announced that CEO William Wang and CFO Adam Townsend will participate in the 49th Annual J.P. Morgan Virtual Global Technology, Media and Communications Conference on May 26th at 9:40 am ET. Investors can listen to the live webcast at the provided link, with a replay available afterward on VIZIO’s Investor Relations website. Founded in Orange County, California, VIZIO focuses on delivering immersive entertainment through its Smart TVs and SmartCast operating system, alongside innovative sound bars, catering to a growing audience transitioning away from linear TV.
VIZIO (NYSE: VZIO) announced that CFO Adam Townsend will participate in a Q&A session at the Needham 16th Annual Virtual Technology and Media Conference on May 17th, at 1:30 PM ET. Investors can register for the live webcast via a provided link. After the event, an audio replay of the session will be accessible on VIZIO's Investor Relations website. VIZIO, based in Orange County, California, aims to enhance entertainment experiences through its innovative Smart TVs and SmartCast operational platform, along with a strong sound bar portfolio.
VIZIO Holding Corp. (NYSE: VZIO) reported a 52% increase in net revenue for Q1 2021, totaling $505.7 million. Platform+ net revenue surged 120% to $52.2 million, while gross profit rose 82% to $86.7 million. However, net income fell 64% to $3.3 million. Adjusted EBITDA increased 218% to $40.4 million. Notable achievements include a 57% growth in SmartCast Active Accounts, reaching 13.4 million, and an average revenue per user of $14.52, a 76% year-over-year increase.
VIZIO (NYSE: VZIO) has expanded its SmartCast platform by adding 10 new lifestyle streaming channels, available for free to SmartCast viewers. This launch aims to cater to the increasing shift toward streaming, as VIZIO reports a 156% increase in total viewing time in 2020, totaling 11.6 billion hours. The new channels include PeopleTV, QVC, HSN, and more, enhancing consumer access to diverse content. VIZIO continues to innovate its platform, integrating ad-supported services and popular streaming apps, ensuring an enriching viewing experience for its audience.
VIZIO (NYSE: VZIO) announces its inaugural IAB NewFronts Presentation, showcasing innovations from its Platform+ business. CEO William Wang and CRO Mike O’Donnell will lead the event, focusing on VIZIO's SmartCast operating platform. Highlights include discussions on changing viewer behaviors and the introduction of personalized content experiences leveraging first-party data. The virtual presentation is set for May 3rd at 2:45 p.m. ET. VIZIO aims to enhance consumer experience and deliver targeted advertising solutions across its extensive Smart TV footprint.
VIZIO (NYSE: VZIO) and Verizon Media announced a strategic partnership to enhance cross-platform and connected TV (CTV) advertising. Starting immediately, Verizon Media gains exclusive demand-side platform (DSP) access to VIZIO’s Inscape data from over 18M Smart TVs, while VIZIO becomes Verizon Media's preferred supply-side platform (SSP) for programmatic monetization. This collaboration aims to improve ad targeting, performance, and measurement, leveraging unique data sets and insights to expand reach and optimize campaigns.
VIZIO (NYSE: VZIO) has announced the opening of its new office in Denver, Colorado, aiming to enhance its tech and innovation team. The company plans to hire over 100 full-time employees by the end of 2022, following significant growth in 2020. With a focus on attracting local talent, VIZIO's expansion aligns with the entrepreneurial spirit of Colorado's tech ecosystem. This move will strengthen VIZIO's operations, contributing to its innovative product development and SmartCast ecosystem designed for seamless consumer experiences.
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