NYSE:VZIO

VIZIO HOLDING CORP. Reports Q1 2024 Financial Results

Retrieved on: 
Wednesday, May 8, 2024
Technology, Other Retail, Entertainment, Specialty, Home Goods, Audio, Video, TV and Radio, Hardware, Retail, Consumer Electronics, Net, News, ARPU, Yoy, VIZIO, FAST, HD, Adjustment, BBC News, Vizio, Ebony TV, Television

VIZIO Holding Corp. (NYSE: VZIO) today announced the following results for the three months ended March 31, 2024:

Key Points: 
  • 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
    Platform+ net revenue of $159.6 million, up 27%
    Gross profit of $81.1 million, up 8%
    Platform+ gross profit of $88.3 million, up 20%
    Net loss of $12.1 million, compared to $0.7 million
    Adjusted EBITDA1 of $(3.6) million, compared to $6.7 million
    SmartCast Average Revenue Per User (ARPU) of $34.24, up 17%
    Reached 18.6 million SmartCast Active Accounts, which streamed 5.6 billion hours2
    Grew SmartCast Hours per average SmartCast Active Account to 101 per month, up 8% YoY
    Debuted the 2024 lineup of 4K, Full HD, and HD TV models and introduced an all-new 86” 4K model
    Added WatchFree+ channels including BBC News, Home Crashers, Ebony TV, GoTraveler, and 48 Hours, bringing the total number of FAST channels to over 300
    Reached record growth in WatchFree+ viewership, with viewing hours more than doubling compared to Q1’235
    A reconciliation of Net Loss to Adjusted EBITDA is provided below.
  • Streamed hours represent SmartCast Hours.
  • Direct ad relationships consists of the number of advertisers that purchased advertising inventory directly from VIZIO during the first quarter.

VIZIO Unveils Full Suite of New Dolby Atmos Soundbars

Retrieved on: 
Wednesday, May 1, 2024
Apps, Applications, Technology, Mobile, Wireless, Home Goods, Audio, Video, Software, Hardware, Retail, Consumer Electronics, Atmos, DTS, EARC, HDMI, Hand, Attention, Patent, Product management, Television, Bass, Music, Dolby Atmos, Cassette tape

Customers can begin seeing select 2024 VIZIO soundbars online beginning May 13, with additional models to come through this fall.

Key Points: 
  • Customers can begin seeing select 2024 VIZIO soundbars online beginning May 13, with additional models to come through this fall.
  • Along with its technical enhancements, the 2024 VIZIO Soundbar lineup is crafted to meet the design aesthetic of any home.
  • With the all-new, QuickFit-ready VIZIO 86” 4K TV now available in retail stores nationwide, customers can experience the latest in VIZIO TVs and soundbars today from the comfort of their home.
  • For more information on VIZIO’s lineup of soundbars and to check which VIZIO TVs are compatible with the all-new QuickFit solution, please visit VIZIO.com .

VIZIO Announces Release Date for First Quarter 2024 Results

Retrieved on: 
Friday, April 12, 2024
Home Goods, Audio, Video, Hardware, TV and Radio, Consumer Electronics, Technology, Retail, Entertainment, VIZIO, Walmart, Letter

VIZIO Holding Corp. (NYSE: VZIO) announced it will release financial results for the first quarter of 2024 on Wednesday, May 8, after market close.

Key Points: 
  • VIZIO Holding Corp. (NYSE: VZIO) announced it will release financial results for the first quarter of 2024 on Wednesday, May 8, after market close.
  • Results will be included in a shareholder letter with accompanying financial information that will be posted on the VIZIO Investor Relations website.
  • Given the pending transaction with Walmart, VIZIO will not host an earnings conference call or provide financial guidance.
  • For more information or to access additional investor materials, visit investors.vizio.com .

MERGER INVESTIGATION: Kaskela Law LLC Announces Investigation into Fairness of the Proposed Buyout of VIZIO Holding Corp. (NYSE: VZIO) Shareholders for $11.50 Per Share

Retrieved on: 
Monday, March 18, 2024
Walmart, VIZIO, Acquisition

PHILADELPHIA, March 18, 2024 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating the recently proposed buyout of VIZIO Holding Corp. (NYSE: VZIO) (“VIZIO”) stockholders on behalf of the company’s investors.

Key Points: 
  • PHILADELPHIA, March 18, 2024 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating the recently proposed buyout of VIZIO Holding Corp. (NYSE: VZIO) (“VIZIO”) stockholders on behalf of the company’s investors.
  • On February 20, 2024, VIZIO announced that it had agreed to be acquired by Walmart at a price of $11.50 per share in cash.
  • VIZIO shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.
  • Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis.

VIZIO Transforms 4K, Full HD, HD TV Lineup, Adds 86” 4K Model

Retrieved on: 
Thursday, March 28, 2024
Technology, Entertainment, Specialty, Home Goods, Audio, Video, General Entertainment, Internet, Hardware, Retail, Consumer Electronics, DTS, Home screen, 1080p, Dolby Vision, Life, Product management, HD, Smart TV, Television

VIZIO is extending this refresh by ushering in a new era for its lineup of 2024 4K, Full HD and HD TV models, rolling out in national retailers now and throughout this Spring.

Key Points: 
  • VIZIO is extending this refresh by ushering in a new era for its lineup of 2024 4K, Full HD and HD TV models, rolling out in national retailers now and throughout this Spring.
  • Joining the VIZIO 4K lineup is an all-new 86” model, the latest addition to its extensive lineup of 4K sets that includes 43”, 50”, 55”, 65”, 70”, and 75” models.
  • Gaming enthusiasts can experience up to 120fps in 1080p on the newest 86” VIZIO 4K TV, ensuring a second of the action is not missed on favorite first-person or multi-player games.
  • For a fully immersive experience, Full HD TV users can connect their favorite pair of headphones directly to the TV to take in every soundbite uninterrupted.

VIZIO (VZIO) SHAREHOLDER ALERT - Andrews & Springer LLC Is Investigating VIZIO Holding Corp. For Potential Securities Fraud and Breaches of Fiduciary Duty

Retrieved on: 
Tuesday, March 19, 2024
Class Action Lawsuit, Professional Services, Legal, Sale, Dell Technologies, Investment, Fraud

Andrews & Springer LLC , a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential securities fraud and breach of fiduciary duty claims against the Board of Directors of VIZIO Holding Corp. (NYSE: VZIO) (“Vizio” or the “Company”) relating to the sale of the Company to Walmart.

Key Points: 
  • Andrews & Springer LLC , a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential securities fraud and breach of fiduciary duty claims against the Board of Directors of VIZIO Holding Corp. (NYSE: VZIO) (“Vizio” or the “Company”) relating to the sale of the Company to Walmart.
  • As a result of the merger, VIZIO shareholders are only anticipated to receive only $11.50 per share in cash in exchange for each share of VIZIO.
  • Our Firm's investigation so far has discovered that the merger appears to have significant conflicts of interest, thus making the process and consideration unfair.
  • Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct.

Kaskela Law LLC MERGER INVESTIGATION: Does $11.50 Per Share Represent Sufficient Cash Out Value for VIZIO Holding Corp. (NYSE: VZIO) Shares for Investors?

Retrieved on: 
Saturday, March 16, 2024
Class Action Lawsuit, Professional Services, Legal, Walmart, VIZIO, Acquisition

Kaskela Law LLC announces that it is investigating the recently proposed buyout of VIZIO Holding Corp. (NYSE: VZIO) (“VIZIO”) stockholders on behalf of the company’s investors.

Key Points: 
  • Kaskela Law LLC announces that it is investigating the recently proposed buyout of VIZIO Holding Corp. (NYSE: VZIO) (“VIZIO”) stockholders on behalf of the company’s investors.
  • On February 20, 2024, VIZIO announced that it had agreed to be acquired by Walmart at a price of $11.50 per share in cash.
  • VIZIO shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.
  • Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis.

Feld Motor Sports Announces New Monster Jam® FAST Channels in Partnership with SPACEMOB

Retrieved on: 
Thursday, April 4, 2024
Monster Jam, Feld Entertainment, AMA Supercross Championship, Pluto TV, Global Media, Partnership, VIZIO, Senior, FAST, CTV, Gen, Television

PALMETTO, Fla., April 4, 2024 /PRNewswire/ -- Monster Jam®, the most unexpected, unscripted, and unforgettable motorsports experience for families and fans in the world, has partnered with SPACEMOB, a global media company specializing in content distribution and FAST channel development, to exclusively create, distribute, and manage new Monster Jam FAST channels.

Key Points: 
  • "We're thrilled to partner with Feld Motor Sports to launch the Monster Jam FAST channel, heralding a new era of immersive entertainment for Monster Jam fans worldwide," stated SPACEMOB CEO Loren Wilson.
  • "The Pluto TV and VIZIO Monster Jam FAST channels introduce high-quality motorsports action for new fans to discover and give existing fans their favorite Monster Jam moments once again.
  • Monster Jam FAST channels are now live on Pluto TV and on VIZIO WatchFree+ (NYSE: VZIO), VIZIO's free streaming service.
  • Monster Jam's reach extends far beyond stadiums and arenas with more than 8.4 million followers across all Monster Jam social channels.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Carrols Restaurant Group, Inc. (Nasdaq - TAST), Hess Corporation (NYSE – HES), VIZIO Holding Corp. (NYSE - VZIO), Everi Holdings Inc. (NYSE – EVRI)

Retrieved on: 
Monday, March 11, 2024
IGT, Carrols, Brodsky, QSR, Walmart, International Game Technology, Chevron Corporation, Everi Holdings, VIZIO, Vizio, RBI, Security (finance)

BALA CYNWYD, Pa., March 11, 2024 (GLOBE NEWSWIRE) --  Brodsky & Smith reminds investors of the following investigations.

Key Points: 
  • BALA CYNWYD, Pa., March 11, 2024 (GLOBE NEWSWIRE) --  Brodsky & Smith reminds investors of the following investigations.
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, Hess will be acquired by Chevron Corporation (“Chevron”) (NYSE – CVX”), in an all-stock transaction valued at approximately $53 billion.
  • Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits.

DISQO’s Cross-Media Ad Measurement Now Amplified By Inscape’s Smart TV Viewing Data

Retrieved on: 
Monday, March 11, 2024
Social media, ACR, Digital, Radio, Advertising, OOH, OTA, Online shopping

“Brands often spend more than 90% of their ad budgets on TV and digital, including social media, but have been forced to measure effectiveness in silos.

Key Points: 
  • “Brands often spend more than 90% of their ad budgets on TV and digital, including social media, but have been forced to measure effectiveness in silos.
  • “With device-level viewing data across all inputs, including linear, streaming, and over-the-air (OTA), Inscape has become the go-to source for accurate TV audience intelligence,” said Ken Norcross, Vice President, Data Licensing and Strategy, VIZIO/Inscape.
  • Matching of TV ad exposure to outcomes hinges on having a comprehensive data infrastructure.
  • DISQO’s Lift products are the fastest-growing ad measurement solutions in the market due to its consented, identity-based solutions that don’t rely on cookies.