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Stock impact report

VIZIO HOLDING CORP. Reports Q3 2024 Financial Results

VIZIO Holding Corp. Class A (VZIO) 
Company Research Source: Business Wire
Platform+ net revenue increased 26% year-over-year (YoY) to $197.0 millionPlatform+ gross profit increased 16% YoY to $115.8 millionSmartCast Average Revenue Per User increased 18% YoY to $37.17 IRVINE, Calif.--(BUSINESS WIRE)-- VIZIO Holding Corp. (NYSE: VZIO) today announced the following results for the three months ended September 30, 2024:Financial and operational highlights include the following, compared to Q3'23:Net revenue of $444.7 million, up 4%Platform+ net revenue of $197.0 million, up 26%Gross profit of $109.1 million, up 13%Platform+ gross profit of $115.8 million, up 16%Net income of $0.5 million, compared to $13.8 millionAdjusted EBITDA1 of $8.8 million which includes acquisition-related costs of $10.6 million and cash incentive awards in lieu of equity awards of $3.1 million in connection with our long-term incentive plan, compared to $26.9 millionSmartCast Average Revenue Per User (ARPU) of $37.17, up 18%Q3'24 Business highlights include:Reached 19.1 million Smar Show less Read more
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