)
Visual
test
Vizio
Vizio (VZIO) investor relations material
Vizio has been acquired by Walmart Inc
Vizio Q3 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2024 earnings summary6 Nov, 2024
Executive summary
Q3 2024 net revenue was $444.7 million, up 4% year-over-year, with Platform+ revenue rising 26% to $197.0 million.
Gross profit increased 13% to $109.1 million, while net income was $0.5 million, down from $13.8 million in Q3 2023.
Adjusted EBITDA was $8.8 million, including $10.6 million in acquisition-related costs and $3.1 million in cash incentive awards.
SmartCast Active Accounts grew 7% to 19.1 million, and SmartCast ARPU rose 18% to $37.17.
SmartCast Hours per account rose 5% to 101 per month, and direct ad relationships expanded by 20%.
Financial highlights
Platform+ net revenue grew 26% year-over-year to $197.0 million, driven by a 31% increase in advertising revenue.
Device net revenue declined 8% to $247.7 million due to lower shipments.
Platform+ gross margin decreased to 58.8% from 63.9% due to a greater mix of video revenue with higher partner payouts.
Device gross margin was negative at (2.7)%, reflecting lower average selling prices and higher costs.
Total operating expenses rose 37% to $114.7 million, mainly from higher personnel, acquisition-related, and incentive costs.
Outlook and guidance
Management expects continued growth in Platform+ revenue and engagement, but notes Device sales and margins remain under pressure from competition and macroeconomic factors.
The company anticipates ongoing seasonality, with Q4 being critical for annual results.
Platform+ is expected to drive most future gross profit growth.
Quantify impact of acquisition costs on Q3 EBITDA?
Address device segment's negative gross profit
What's the impact of direct ad relationships on ARPU?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- SYM
Revenue up 29% to $630M, net income $13.36M, $22.3B backlog, strong cash, legal risks persist. - BPT
H1 FY26 revenue hit AUD 1B, with strong gas prices and LNG cargoes driving results. - CPAY
2026 guidance targets 16% revenue and 22% adjusted EPS growth, led by strong Corporate Payments. - TENB
Record 2025 results with double-digit growth, strong cash flow, and expanding AI-driven platform. - DHX
Q4 2025 revenue down 10% YoY; FY 2026 guidance targets $118M–$122M revenue. - COHR
Q2 FY26 revenue up 17% to $1.69B, with strong EPS growth and robust datacenter demand. - ALGT
Q4 2025 saw record results and margin growth, with 2026 outlook boosted by Sun Country deal. - STC
Record bookings, strong cash flow, and margin expansion drive improved outlook. - BOOT
Net sales up 16%, EPS $2.79, robust e-commerce, 70 new stores planned for FY26. - PTC
Q1'26 saw double-digit ARR growth, margin gains, and major buybacks, with a strong FY'26 outlook.
Vizio
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Vizio Holding Corp designs and manufactures smart televisions, sound bars, and a proprietary smart TV operating system. The company also operates a platform that delivers ad-supported content and data-driven advertising solutions. Vizio serves consumers through major retailers and operates a direct-to-consumer platform. The company is headquartered in Irvine, California, and its shares are listed on the NYSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage