![]() ![]() Honored with an Emmy Award for Technology and Engineering around our innovative use of ACR technology Launched a suite of new features, including on-screen navigation shortcuts and an improved mobile app Partnered with Amazon, Best Buy, Costco, Sam's Club, Target, and Walmart on exclusive offersĮxpanded our direct ad client relationships by 77% compared to Q1'22, adding 148 net new advertisers in Q1'23 2 Increased average SmartCast Hours per SmartCast Active Account to 93 per month, up 5% YoY Reached 17.5 million SmartCast Active Accounts, which streamed 4.9 billion hours Our results speak to the progress we’ve made in raising awareness of VIZIO as a scaled destination for advertisers to reach viewers.” “As you can see from our results, our advertising business continued to show strength in Q1, up 24% year-over-year, which exceeded our expectations. “Q1 kicked off our 21st year of selling award-winning, affordable products and experiences, and we continue to see success in the execution of our combined hardware and software strategy,” said William Wang, CEO of VIZIO. SmartCast Average Revenue Per User (ARPU) of $29.20, up 23% Net loss of $0.7 million, compared to net loss of $11.0 millionĪdjusted EBITDA 1 of $6.7 million, up 52% Platform+ gross profit of $73.8 million, up 14% Platform+ net revenue of $125.5 million, up 22% Net revenue of $356.7 million, compared to $485.5 million (NYSE: VZIO) today announced the following results for the three months ended March 31, 2023:įinancial and operational highlights include the following, compared to Q1'22: IRVINE, Calif.-( BUSINESS WIRE)- VIZIO Holding Corp. ![]()
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