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VIZIO Holding Corp. Reports Q3 2023 Financial Results

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Thursday, November 9, 2023
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VIZIO Holding Corp. (NYSE: VZIO) today announced the following results for the three months ended September 30, 2023:

Key Points: 
  • VIZIO Holding Corp. (NYSE: VZIO) today announced the following results for the three months ended September 30, 2023:
    Financial and operational highlights include the following, compared to Q3'22:
    Net revenue of $426.2 million, compared to $435.0 million
    Platform+ net revenue of $156.2 million, up 22%
    Gross profit of $96.5 million, up 20%
    Platform+ gross profit of $99.8 million, up 26%
    Net income of $13.8 million, up 590%
    Adjusted EBITDA1 of $26.9 million, up 61%
    SmartCast Average Revenue Per User (ARPU) of $31.55, up 14%
    “At VIZIO, we continue to invest in delivering the best possible experience for our users and partners alike.
  • Over the past few years, we have been continuously retooling and enhancing our operating system to unlock further growth opportunities,” said William Wang, CEO of VIZIO.
  • “While these efforts not only successfully drove record ARPU in Q3, but they are also opening up additional strategic options as well.
  • Today, we are excited to announce that we are beginning to explore partnerships with other TV OEMs looking for alternatives within the CTV market.

FreeCast Special Offer Brings Even More Value to Value Channels

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Tuesday, April 11, 2023
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ORLANDO, Fla., April 11, 2023 /PRNewswire/ -- FreeCast is announcing special pricing on its Value Channels subscription package. For a limited time, Value Channels will be available for $30 a year. Those who purchase a one-year subscription will pay the equivalent of $2.50 per month, a more than 60% savings over the normal $6.99 per month pricing, with the discount locked in for an entire year.

Key Points: 
  • ORLANDO, Fla., April 11, 2023 /PRNewswire/ -- FreeCast is announcing special pricing on its Value Channels subscription package.
  • For a limited time, Value Channels will be available for $30 a year.
  • Value Channels is FreeCast's virtual pay-TV package, bringing a selection of family pay channels and unlimited cloud DVR together for an attractive low price.
  • Subscriptions to Value Channels also include the base FreeCast service, formerly known as SelectTV.