VIZIO Holding Corp. (VZIO) Misses Q1 EPS by 1c

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VIZIO Holding Corp. Reports Q1 2022 Financial Results

May 12, 2022 4:05 PM EDT

Platform+ net revenue increased 97% year-over-year (YoY) to $102.6 million

Platform+ gross profit increased 69% YoY to $64.9 million

Average Revenue Per User increased 64% YoY to $23.68

IRVINE, Calif.--(BUSINESS WIRE)-- VIZIO Holding Corp. (NYSE: VZIO) today announced the following results for the three months ended March 31, 2022, as compared to the corresponding period of last year:

Financial and operational highlights include:

Net revenue of $485.5 million, compared to $505.7 million Platform+ net revenue of $102.6 million, up 97% Gross profit of $72.8 million, compared to $86.7... More