VIZIO | Jotup

VIZIO HOLDING CORP. Reports Q1 2024 Financial Results

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星期三, 五月 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.

Just in Time for the NFL Draft, Plex Partners with the National Football League to Launch NFL Channel, the NFL's 24/7 Free Ad-Supported Streaming Channel

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星期二, 四月 23, 2024

AirPlay, News, Android, NFL, Sport, VIZIO, Partnership, FAST, LG, Comment, Television, Cooking, Game day, Amazon, Friends, Roku, Tablet, Netflix, National Football League, Amazon Fire TV, NFL Network, Sony, National Football League Draft, FREE, NFL Films, Apple TV, Hulu, AFL, IOS, Samsung

The one-stop shop for all things TV and movies, streaming media company Plex has partnered with the National Football League to stream NFL Channel , the NFL's 24/7 free linear FAST Channel.

Key Points:

The one-stop shop for all things TV and movies, streaming media company Plex has partnered with the National Football League to stream NFL Channel , the NFL's 24/7 free linear FAST Channel.
The partnership will kick off just in time for football fans to watch NFL Channel on Plex for nonstop coverage of the 2024 NFL Draft from Thursday, April 25 through Saturday, April 27.
In addition to the NFL Channel , Plex has over 600 free-to-stream live TV channels in the U.S., featuring hit movies, binge-able series, news, and many other sports channels.
With action, sports, kids' stuff, cooking, news, and more streaming 24/7, Plex has plenty of Free Live TV for the whole family.

VIZIO Announces Release Date for First Quarter 2024 Results

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星期五, 四月 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

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星期一, 三月 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.

Mediaocean and Magnite Strike Exclusive Partnership to Automate Media Planning, Execution, and Reconciliation in Streaming TV

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星期四, 三月 14, 2024

Automation, OLV, RPA, Partnership, SVP, VIZIO, WPP plc, News, AMC Networks, A&E Networks, AMC, Advertising, CTV, Warner Bros. Discovery, Television, Sales

This partnership enables Prisma users to activate streaming campaigns directly with premium video sellers through Magnite’s ClearLine solution.

Key Points:

This partnership enables Prisma users to activate streaming campaigns directly with premium video sellers through Magnite’s ClearLine solution.
The partnership builds on the 2023 deal to bring Magnite’s streaming inventory into Mediaocean’s ad infrastructure for local TV buyers.
As CTV ad spend grows to $30 billion in the US this year, we’re excited to partner with Magnite.
“The integration of Prisma and ClearLine will bring more automation to TV buying and further dissolve the divide between linear and streaming ad investment.

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

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星期六, 三月 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

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星期四, 四月 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.

Global Smart TV Market Forecast to Reach US$ 495.87 Billion by 2030, with High Demand in Asia-Pacific Region

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星期三, 三月 13, 2024

Panasonic, VIZIO, Samsung, Sony, OLED, HD, Smart TV, Television

The report offers a granular analysis of various segments within the Smart TV industry, underscoring significant growth patterns and market preferences.

Key Points:

The report offers a granular analysis of various segments within the Smart TV industry, underscoring significant growth patterns and market preferences.
As per the report, screen sizes ranging from 32 to 45 inches dominate the global Smart TV market, commended for their suitability in both households and commercial settings.
The Smart TV marketplace is continually being reshaped by innovative features such as 8K resolution, OLED displays, and AI-driven functionalities.
These industry giants are distinguished by their innovative offerings and strategic developments that continue to redefine the Smart TV experience for users worldwide.

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)

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星期一, 三月 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.

Kaskela Law LLC Announces Stockholder Investigation of VIZIO Holding Corp. (NYSE: VZIO) and Encourages Investors to Contact the Firm

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星期三, 三月 6, 2024

VIZIO, Acquisition, Walmart

PHILADELPHIA, March 06, 2024 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating the recently proposed buyout of VIZIO Holding Corp. (NYSE: VZIO) (“VIZIO”) stockholders.

Key Points:

PHILADELPHIA, March 06, 2024 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating the recently proposed buyout of VIZIO Holding Corp. (NYSE: VZIO) (“VIZIO”) stockholders.
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.