For the quarter ended September 2024, VIZIO Holding Corp. (VZIO) reported revenue of $444.7 million, up 4.3% over the same period last year. EPS came in at $0.00, compared to $0.07 in the year-ago quarter.The reported revenue represents a surprise of -1.26% over the Zacks Consensus Estimate of $450.37 million. With the consensus EPS estimate being -$0.02, the EPS surprise was +100.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________________________________ FORM 10-Q _____________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-40271 VIZIO HOLDING CORP. (Exact Na ...

The channel provides millions of users with free 24/7 access to more than 160 episodes of the beloved animal training series LOS ANGELES, Aug. 20, 2024 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), an innovative streaming technology and entertainment company, today announced its Dog Whisperer With Cesar Millan free ad-supported streaming television (FAST) channel is streaming on VIZIO (NYSE: VZIO) Smart TVs. The Dog Whisperer With Cesar Millan FAST channel gives VIZIO users all nine seasons of the beloved ...

Financial Performance - Q2 2024 net revenue reached $437.3 million, an 11% increase year-over-year[1] - Total net revenue for Q2 2024 was $437.3 million, a 10.4% increase from $394.4 million in Q2 2023[18] - Device revenue reached $267.9 million, up from $252.1 million year-over-year, while Platform+ revenue increased to $169.4 million from $142.3 million[18] - Gross profit for Q2 2024 was $99.5 million, up 16% from the previous year[2] - Gross profit for Q2 2024 was $99.5 million, compared to $86.1 million in Q2 2023, reflecting a gross margin improvement[18] - The net loss for Q2 2024 was $0.2 million, a significant decrease from a net income of $1.9 million in Q2 2023[18] - The net income (loss) for the second quarter of 2024 was $(11.9) million, compared to a net income of $1.9 million in the second quarter of 2023[22] Operating Expenses - Operating expenses increased by 33% to $106.5 million compared to Q2 2023[2] - Operating expenses rose to $106.5 million in Q2 2024, up from $79.8 million in Q2 2023, primarily due to increased selling, general, and administrative expenses[18] - Research and development expenses increased to $15.7 million in Q2 2024, up from $10.0 million in Q2 2023, reflecting a focus on innovation and new product development[18] Cash Flow and Assets - Cash and cash equivalents decreased to $202.1 million as of June 30, 2024, down from $221.6 million at the end of 2023[19] - Total assets decreased to $943.2 million from $960.7 million at the end of 2023, primarily due to a reduction in current assets[19] - Total liabilities decreased to $476.3 million from $511.4 million at the end of 2023, indicating improved financial stability[19] - The company reported a net cash used in operating activities of $22.3 million for Q2 2024, compared to $27.6 million in Q2 2023, showing a reduction in cash outflow[21] Adjusted EBITDA - Adjusted EBITDA decreased to $8.6 million, down 52% year-over-year[2] - For the three months ended June 30, 2024, VIZIO reported an Adjusted EBITDA of $8.6 million, a decrease from $18.1 million in the same period of 2023[22] - Adjusted EBITDA for the six months ended June 30, 2024, was $5.1 million, down from $24.9 million in the same period of 2023[22] - Acquisition-related costs included in Adjusted EBITDA for the three months ended June 30, 2024, amounted to $8.4 million[22] User Engagement and Product Development - SmartCast Average Revenue Per User (ARPU) rose 16% year-over-year to $35.39[1] - SmartCast Active Accounts grew to 18.8 million, streaming 5.6 billion hours[1] - Introduced a new line of sound bars starting at $99 with Dolby Atmos® and DTS:X capabilities[1] - Expanded direct ad relationships by 13% compared to Q2 2023[1] - Launched 23 new apps, bringing the total number of built-in apps to over 250[1] Other Financial Metrics - Interest income, net for the second quarter of 2024 was $(3.2) million, slightly higher than $(3.1) million in the same period of 2023[22] - Share-based compensation increased to $12.7 million in the second quarter of 2024, compared to $9.9 million in the same period of 2023[22] - The provision for income taxes showed a benefit of $(1.4) million in the second quarter of 2024, compared to a benefit of $7.8 million in the same period of 2023[22] - Depreciation and amortization expenses rose to $2.8 million in the second quarter of 2024, up from $1.9 million in the same period of 2023[22] - Other income, net for the second quarter of 2024 was $(2.6) million, compared to $(0.3) million in the same period of 2023[22]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________________________________ FORM 10-Q _____________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-40271 VIZIO HOLDING CORP. (Exact Name o ...

VIZIO HOLDING CORP. Reports Q1 2024 Financial Results Platform+ net revenue increased 27% year-over-year (YoY) to $159.6 million Platform+ gross profit increased 20% YoY to $88.3 million SmartCast Average Revenue Per User increased 17% YoY to $34.24 Irvine, CA., May 8, 2024—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: Q1'24 Business highlights include: A reconci ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-40271 VIZIO HOLDING CORP. (Exact name of registrant as specified in its charter) | Delaware | 39 Tesla | 85-4185335 | | --- | --- | --- | | (State or other jurisdiction of incorpor ...

Financial Performance - VIZIO's Q4 2023 Platform+ net revenue increased by 28% year-over-year to $174.2 million, driven by a 36% rise in advertising revenue[9]. - Q4 2023 net income was $13.2 million, reflecting a 110% increase compared to the previous year, while adjusted EBITDA rose by 20% to $23.9 million[13]. - Total net revenue for Q4 2023 was $502.6 million, a decrease of 5.4% compared to $533.5 million in Q4 2022[35]. - Device net revenue was $328.4 million, down 17.3% from $397.0 million in the same quarter last year[35]. - Net income for Q4 2023 was $13.2 million, compared to a net income of $6.3 million in Q4 2022[35]. - The company reported a basic net income per share of $0.07 for Q4 2023, up from $0.03 in Q4 2022[35]. - Net income for the year ended December 31, 2023, was $28.2 million, a significant improvement from a net loss of $0.4 million in 2022[40]. - Adjusted EBITDA for the year ended December 31, 2023, reached $75.7 million, up from $52.4 million in 2022, reflecting a year-over-year increase of approximately 44.3%[42]. User Engagement and Content - The company achieved a record monthly active user base of 18.5 million, streaming a total of 5.5 billion hours[13]. - SmartCast Average Revenue Per User (ARPU) increased by 15% year-over-year to $32.48, indicating deeper user engagement[13]. - VIZIO expanded its content offering by adding 86 new apps, bringing the total to over 200 built-in streaming apps[3]. Advertising and Partnerships - Direct advertising relationships grew by 32% year-over-year, adding 117 net new advertisers in Q4[13]. - The company announced a definitive agreement to combine with Walmart, enhancing its customer-centric strategy[1]. Profitability and Expenses - VIZIO's gross profit for Platform+ reached $105.4 million, up 27% year-over-year, contributing to a consolidated gross profit margin of 20%[9]. - Gross profit for Platform+ was $105.4 million, up 27.3% from $82.8 million in Q4 2022, while Device gross profit was negative at $(7.3) million[35]. - Share-based compensation expense for the year was $43.5 million, slightly higher than $42.5 million in 2022[40]. - The company reported a depreciation and amortization expense of $7.4 million for 2023, compared to $3.6 million in 2022, indicating an increase of 105.6%[40]. - Cash paid for income taxes in 2023 was $14.5 million, significantly higher than $3.7 million in 2022[40]. Cash Flow and Assets - Cash and cash equivalents decreased to $221.6 million from $288.7 million year-over-year[38]. - Total assets increased to $960.7 million, up from $915.7 million in the previous year[38]. - Total stockholders' equity rose to $449.3 million, compared to $373.7 million in the previous year[38]. - Cash flows from operating activities resulted in a net cash outflow of $0.8 million for 2023, compared to a net cash inflow of $29.1 million in 2022[40]. - Total cash and cash equivalents at the end of 2023 were $221.6 million, down from $288.7 million at the end of 2022, representing a decrease of 23.3%[40]. - The company experienced a net cash used in investing activities of $70.4 million in 2023, compared to $73.0 million in 2022, showing a slight improvement[40]. - The company reported a net decrease in cash and cash equivalents of $67.1 million for the year, compared to a decrease of $42.9 million in 2022[40]. Awards and Recognition - VIZIO was awarded an Emmy Award for innovation in delivering an exceptional user experience through its Smart TVs[5]. Software and Technology - The company launched a significant software update that improved app loading times and user navigation[10].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________________________________ FORM 10-Q _____________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-40271 VIZIO HOLDING CORP. (Exact Na ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________________________________ FORM 10-Q _____________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-40271 VIZIO HOLDING CORP. (Exact Name of ...