Welcome to our dedicated page for VIZIO Holding news (Ticker: $VZIO), a resource for investors and traders seeking the latest updates and insights on VIZIO Holding stock.
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VIZIO Holding Corp. (NYSE: VZIO) reported strong Q1 2024 financial results with Platform+ net revenue up by 27% to $159.6 million, gross profit increasing by 20% to $88.3 million, and SmartCast ARPU rising by 17% to $34.24. The company achieved record growth in viewership and expanded its direct ad relationships. However, there was a net loss of $12.1 million and adjusted EBITDA of $(3.6) million due to acquisition-related costs.
VIZIO introduces its new line of award-winning soundbars with Dolby Atmos and DTS:X technology starting at $99. The 2024 lineup offers immersive audio, simplified setup, and modern design aesthetics. The QuickFit solution makes attaching soundbars to VIZIO TVs easier. Customers can experience the latest soundbars and TVs at home with QuickFit-ready models available now.
