Vizio Holding Corp (N:VZIO)

Sector:  Technology Industry:  Household Electronics
 
See Regulatory Filings on SEC
Company Contact
Address: 39 Tesla
IRVINE CA 92618
Tel: N/A
Website: https://investors.vizio.com
IR: See website
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Key People
William Wang
Chairman and Chief Executive Officer, Co-Founder
Ben Wong
President, Chief Operating Officer
Adam Townsend
Chief Financial Officer
Jerry Huang
General Counsel, Company Secretary
Michael O'donnell
Chief Revenue/Strategic Growth Officer
 
Business Overview
VIZIO Holding Corp. is engaged in delivering entertainment and lifestyle enhancements that make its products the center of the connected home. The Company operates through two segments: Device and Platform+. The Device segment offers a range of smart televisions (TVs) designed to address specific consumer preferences, as well as a portfolio of sound bars that deliver audio experiences. The Platform+ segment consists of SmartCast, its smart TV operating system, which enables its fully integrated entertainment solution, and Inscape, which powers its data intelligence and services. SmartCast delivers an array of content and applications through an interface. It supports various streaming apps, such as Amazon Prime Video, Apple TV+, Disney+, Hulu, Max, Netflix, Paramount+, Peacock, and YouTube TV, and hosts its own free, ad-supported app, WatchFree+. Inscape is its automatic content recognition (ACR) technology, which can identify the content displayed on the screen of its smart TVs.
Financial Overview
For the fiscal year ended 31 December 2023, Vizio Holding Corp revenues decreased 10% to $1.68B. Net income totaled $28.2M vs. loss of $400K. Revenues reflect Device revenue segment decrease of 22% to $1.08B. Net Income reflects Interest Income - Net increase from $1.6M to $13M (income), Marketing decrease of 10% to $36.8M (expense). Basic Earnings per Share excluding Extraordinary Items totaled to $0.14.
Employees: 900 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $1,778M as of Dec 31, 2023
Annual revenue (TTM): $1,680M as of Dec 31, 2023
EBITDA (TTM): $32.10M as of Dec 31, 2023
Net annual income (TTM): $28.20M as of Dec 31, 2023
Free cash flow (TTM): -$3.70M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 197,680,453 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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