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Stock impact report

VIZIO HOLDING CORP. Reports Q1 2024 Financial Results [Yahoo! Finance]

VIZIO Holding Corp. Class A (VZIO) 
Company Research Source: Yahoo! Finance
SmartCast Average Revenue Per User increased 17% YoY to IRVINE, Calif., May 08, 2024 BUSINESS WIRE 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 EBITDA of $(3.6) million, compared to $6.7 million Adjusted EBITDA includes acquisition-related costs of $5.7 million SmartCast Average Revenue Per User (ARPU) of $34.24, up 17% Q1'24 Business highlights include: Reached 18.6 million SmartCast Active Accounts, which streamed 5.6 billion hours Grew SmartCast Hours per average SmartCast Active Account to 101 per month, up 8% YoY Expanded our direct ad relationships by 40% c Show less Read more
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