VIZIO Q1 net loss widens to $12.1M; Platform+ revenue up 27% YoY

Vizio Holding Corp.

2024-Q1 EPS reported -$0.06 revenue$353,900,000

Platform+ net revenue rose 27% YoY to $159.6M; gross profit up 20% to $88.3M.
Device revenue fell 16% to $194.3M; Smart TV shipments down 14% to 0.8M.
SmartCast ARPU increased 17% to $34.24; active accounts grew 7% to 18.6M.
Net loss of $12.1M vs $0.7M; adjusted EBITDA loss of $3.6M (incl. $5.7M acquisition costs).
Expanded direct ad relationships by 40% YoY; WatchFree+ viewing hours more than doubled.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Vizio Holding Corp. reported three months ended March 31, 2024 results: revenue $353.9 million, net income Net loss of $12.1 million.

Period: three months ended March 31, 2024
Revenue: $353.9 million
Net income: Net loss of $12.1 million
Result: reported results

Exact text from the filing

VIZIO Holding Corp. (NYSE: VZIO ) today announced the following results for the three months ended March 31, 2024: Financial and operational highlights include the following, compared to Q1'23: • Net revenue of $353.9 million, compared to $356.7 million

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Source: SEC EDGAR

accession 0001835591-24-000030

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