Welcome to our dedicated page for VIZIO Holding news (Ticker: VZIO), a resource for investors and traders seeking the latest updates and insights on VIZIO Holding stock.
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.
Frndly TV is now accessible to millions of VIZIO Smart TV owners, enhancing their entertainment options with over 45 live channels and extensive on-demand content. This partnership aims to provide affordable family-friendly entertainment without the need for costly cable subscriptions. Frndly TV, recognized as a leading live TV provider, has rapidly grown to over 700,000 subscribers in just three years. The service offers a free seven-day trial, followed by subscription plans starting at $6.99 per month. VIZIO users can now enjoy popular streaming services alongside Frndly TV, further enriching their viewing experience. Both companies anticipate that this collaboration will strengthen their market presence and appeal to family audiences across the U.S.
VIZIO Holding Corp. (NYSE: VZIO) announced the release of its financial results for Q1 2023 on Tuesday, May 9, after market close. A conference call and webcast will take place at 1:30 p.m. PT / 4:30 p.m. ET on the same day to discuss these results. Investors can access the live audio webcast on the company's Investor Relations website in the Events section. The audio replay, along with the earnings press release and presentation, will also be available on the site. VIZIO aims to deliver immersive entertainment through its Smart TVs and sound bars, focusing on enhancing connected home experiences.
VIZIO (NYSE: VZIO) has expanded its partnership with AMC Networks, enhancing the content offerings on VIZIO’s free streaming service, WatchFree+. The new agreement adds the AMC+ app, nine free streaming channels, and over 150 on-demand feature films. Notable new channels include AMC en Espanol and Overtime. Subscribers to AMC+ can access popular series and exclusive new content, including titles from the Anne Rice universe and upcoming series from The Walking Dead. This expansion is expected to increase user engagement and broaden content diversity on VIZIO Smart TVs.
VIZIO (NYSE: VZIO) has launched an exclusive entertainment series, 3 Pointers, in collaboration with BetMGM, premiering on
VIZIO Holding Corp. (NYSE: VZIO) reported a 30% year-over-year increase in Platform+ net revenue, totaling $136.5 million. For Q4'22, total net revenue was $533.5 million, down 15% from Q4'21. The company achieved a net income of $6.3 million, a turnaround from a loss of $10.1 million in the prior year. Adjusted EBITDA rose 15% to $19.9 million. SmartCast Active Accounts grew by 15% to 17.4 million with ARPU increasing 31% to $28.30. Outlook for Q1 2023 includes Platform+ net revenue between $114 million and $119 million.
VIZIO (NYSE: VZIO) has announced the appointment of R. Michael (Mike) Mohan, former President and COO of Best Buy, to its board of directors. Mohan brings extensive retail expertise, having managed global operations at Best Buy, including sales, merchandising, and marketing across 1,400 stores. His experience is expected to enhance VIZIO's strategic initiatives in delivering innovative entertainment technologies. VIZIO's CEO William Wang expressed enthusiasm about Mohan's leadership and insights into the consumer electronics sector, which align with the company's growth and innovation focus.
VIZIO Holding Corp. (NYSE:VZIO) has announced that its Chief Financial Officer, Adam Townsend, will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2023. The event will commence at 2:35 p.m. Eastern Time and will be accessible via a live webcast on the Company's Investor Relations website. Following the presentation, an on-demand replay will be available. VIZIO aims to enhance entertainment experiences through its innovative Smart TVs and sound bars, focusing on connectivity and audience engagement.
VIZIO (NYSE: VZIO) is offering significant discounts on TVs and sound bars during its Presidents' Day sales event, starting February 20, 2023. Major retailers participating include Amazon, Best Buy, Costco, Sam’s Club, Target, and Walmart.com. Customers can expect deals on 4K QLED smart TVs and sound bars featuring Dolby Atmos technology. For example, the VIZIO 65” P-Series Quantum TV is priced at $699.99, a $300 savings, while the 75” V-Series TV is offered for $699.99 with a $50 discount. VIZIO's SmartCast platform provides access to over 260 free channels and 6,000 titles, enhancing home entertainment accessibility for a variety of budgets.
VIZIO (NYSE: VZIO) has been honored with an Emmy® Award for Technology & Engineering by the
VIZIO Holding Corp. (NYSE: VZIO) is set to release its financial results for Q4 and full year 2022 on February 28, after market close. The company will conduct a conference call and earnings webcast at 1:30 p.m. PT/4:30 p.m. ET on the same day to discuss these results. The live audio webcast will be accessible on the company’s Investor Relations website. A replay will also be available along with the earnings press release and presentation materials. VIZIO focuses on enhancing home entertainment through its innovative Smart TVs and sound bars.
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