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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.
Cineverse Corp. (NASDAQ: CNVS) has announced that its Dog Whisperer With Cesar Millan FAST channel is now streaming on VIZIO (NYSE: VZIO) Smart TVs. The channel is available on VIZIO WatchFree+ (ch. 1003), providing free 24/7 access to over 160 episodes from all nine seasons of the popular animal training series. This expansion allows Cineverse to reach millions of VIZIO users and broaden access for advertisers to new audiences.
The Dog Whisperer series, featuring Cesar Millan helping owners with behaviorally challenged pets, debuted in 2004 on National Geographic Channel. It became Nat Geo's most popular series for six years, attracting up to 10 million viewers per week and celebrity appearances. By 2010, the show had entered syndication via FOX and expanded to over 80 countries internationally.
VIZIO Holding Corp. (NYSE: VZIO) reported strong Q2 2024 financial results, with notable growth in key areas. Total net revenue increased 11% year-over-year to $437.3 million, driven by a 19% rise in Platform+ net revenue to $169.4 million. Gross profit grew 16% to $99.5 million, with Platform+ gross profit up 15% to $98.6 million. The company's SmartCast ecosystem showed robust performance, with ARPU increasing 16% to $35.39 and Active Accounts reaching 18.8 million. However, net income decreased to $0.2 million from $1.9 million in Q2'23, and Adjusted EBITDA fell to $8.6 million from $18.1 million, impacted by acquisition-related costs and incentive awards.
VIZIO (NYSE: VZIO) announces exclusive streaming rights for The Women's Cup Summer 2024 Tournament on VIZIO WatchFree+. This marks the first live sporting event hosted exclusively on the platform in the U.S. The tournament features eight top international women's soccer teams from various continents. A dedicated pop-up channel (#1301) will broadcast eight live games from August 7-19, along with archival content and interviews. Matches will be held in Louisville, KY, and Kansas City, MO. VIZIO partners with Amagi for live broadcast and channel setup. The event aims to expand the reach of women's soccer and make world-class sports entertainment more accessible. VIZIO will also have a presence at The Women's Cup FanFest in Louisville on August 13th, offering chances to win VIZIO products.
VIZIO (NYSE: VZIO) has announced its 3rd Annual Developer and Partner Conference, titled 'Innovate 24: Bold Technology for a Bright Future', scheduled for August 20th at UCI Beall in Irvine. This free, in-person summit will showcase VIZIO's latest technology offerings and cover topics such as VIZIO Account, app development, FAST channels, and custom integrations. The event will feature keynote sessions from VIZIO executives, industry panels, and breakout sessions across three tracks: Engineering & Product, Advertising & Monetization, and Partnerships & Marketing.
Seta Goldstein, Senior Director of Business Development & Partnerships at VIZIO, emphasized the company's commitment to innovation and its goal to empower content partners, developers, and industry experts. The conference aims to unite these stakeholders in shaping the future of television and connected home entertainment.
Curiosity Inc. (Nasdaq: CURI) has launched its free, ad-supported streaming TV (FAST) channel, Curiosity Now, on VIZIO (NYSE: VZIO) WatchFree+. This expansion brings Curiosity's premium documentary content to millions of U.S. viewers through VIZIO's smart TV ecosystem. Curiosity Now, found on channel #1272 in the History + Documentary section, offers award-winning films and series like Engineering the Future, Beyond the Spotlight, and Butterfly Effect.
This collaboration marks a significant milestone in Curiosity's FAST channel expansion strategy. It aligns with VIZIO's commitment to delivering immersive entertainment and Curiosity's mission to engage viewers with premium factual programming. The partnership also offers advertisers more precise audience targeting compared to traditional TV advertising.
VIZIO Holding Corp. (NYSE: VZIO) has announced the release date for its second quarter 2024 financial results. The company will publish its earnings on Wednesday, August 7, after market close. The results will be available in an earnings press release and a presentation highlighting the quarter's performance, both of which will be posted on the VIZIO Investor Relations website.
Notably, due to the pending transaction with Walmart, VIZIO will not be hosting an earnings conference call or providing financial guidance. Investors and interested parties can access additional materials and information at investors.vizio.com.
Amagi, a leader in cloud-based SaaS technology for broadcast and Connected TV (CTV), has showcased its new Zero Slate technology on VIZIO's WatchFree+ channels. This innovation, part of Amagi's Stream Personalization initiative, dynamically adjusts ad break lengths per viewer, eliminating slates or fillers and boosting viewership by over 20%, according to Amagi ANALYTICS. Data reveals traditional slates can increase viewer churn by up to 15% in Free Ad-supported Streaming TV (FAST) environments. The successful implementation of Zero Slate marks a significant step in enhancing linear streaming experiences.
VIZIO (NYSE: VZIO) and Dolby Laboratories (NYSE: DLB) have announced the integration of Dolby Atmos across VIZIO's entire 2024 soundbar lineup. This collaboration aims to provide immersive audio experiences at affordable prices, with soundbars starting at $99. The soundbars are available at major retailers including Best Buy, Amazon, Walmart, and Sam's Club. This initiative makes VIZIO one of the first manufacturers to offer Dolby Atmos in all its soundbars, enhancing the audio experience for movies, music, games, and sports. The partnership continues a long-standing relationship between VIZIO and Dolby, aimed at making high-quality sound and visual experiences accessible to a wider audience.
VIZIO Holding Corp. (NYSE: VZIO) reported strong Q1 2024 financial results with Platform+ net revenue up by 27% to $159.6 million, gross profit increasing by 20% to $88.3 million, and SmartCast ARPU rising by 17% to $34.24. The company achieved record growth in viewership and expanded its direct ad relationships. However, there was a net loss of $12.1 million and adjusted EBITDA of $(3.6) million due to acquisition-related costs.
VIZIO introduces its new line of award-winning soundbars with Dolby Atmos and DTS:X technology starting at $99. The 2024 lineup offers immersive audio, simplified setup, and modern design aesthetics. The QuickFit solution makes attaching soundbars to VIZIO TVs easier. Customers can experience the latest soundbars and TVs at home with QuickFit-ready models available now.
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