secwatch.observer — SEC 8-K summary
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Issuer:     Vizio Holding Corp. (—)
CIK:        0001835591
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001835591-24-000030
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835591/000183559124000030/0001835591-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835591/000183559124000030/vzio-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001835591-24-000030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer