(Courtesy image)
The National Academy of Television Arts and Sciences (NATAS) has honored Vizio with a Technology & Engineering Emmy Award for the company’s deployment of its refreshed connected TV operating system.
The NATAS Committee honored Vizio for excellence in innovation for “Large-Scale Deployment of its Smart TV Operating System,” which appeared to be connected to the company’s deployment of a refreshed home screen and underlying technology last year.
“Vizio is honored to be recognized by NATAS for our Large Scale Os deployment and as a pioneer in the Smart TV marketplace,” William Wang, Vizio’s CEO, said in a statement on Thursday. “This Emmy Award underscores our consumer-focused vision and world-class engineering team’s execution to deliver exceptional entertainment experiences for Vizio users nationwide.”
The honor was bestowed upon Vizio just a few days after retail giant Walmart announced it was acquiring the electronics brand in a deal valued at over $2 billion.
The National Academy of Television Arts and Sciences (NATAS) has honored Vizio with a Technology & Engineering Emmy Award for the company’s deployment of its refreshed connected TV operating system.
The NATAS Committee honored Vizio for excellence in innovation for “Large-Scale Deployment of its Smart TV Operating System,” which appeared to be connected to the company’s deployment of a refreshed home screen and underlying technology last year.
“Vizio is honored to be recognized by NATAS for our Large Scale Os deployment and as a pioneer in the Smart TV marketplace,” William Wang, Vizio’s CEO, said in a statement on Thursday. “This Emmy Award underscores our consumer-focused vision and world-class engineering team’s execution to deliver exceptional entertainment experiences for Vizio users nationwide.”
The honor was bestowed upon Vizio just a few days after retail giant Walmart announced it was acquiring the electronics brand in a deal valued at over $2 billion.
- 2/23/2024
- by Matthew Keys
- The Desk
(Courtesy image)
Walmart has agreed to buy smart TV maker Vizio for more than $2 billion in cash, the company announced on Tuesday.
The affirmation came as Walmart was set to report its fourth-quarter and full-year earnings for 2023 early Tuesday morning.
Executives say Walmart will spend $2.3 billion to acquire the California-based hardware company. Walmart is hoping to leverage Vizio’s connected TV platform to boost its ad business as it competes with online retail giant Amazon.
“We believe Vizio’s customer-centric operating system provides great viewing experiences at attractive price points,” Seth Dallaire, the Executive Vice President and Chief Revenue Officer at Walmart U.S., said in a statement. “We also believe it enables a profitable advertising business that is rapidly scaling.”
Vizio was scheduled to report its own fourth-quarter and full-year 2023 earnings next week. It wasn’t clear if the company is planning to continue with the event as scheduled.
Walmart has agreed to buy smart TV maker Vizio for more than $2 billion in cash, the company announced on Tuesday.
The affirmation came as Walmart was set to report its fourth-quarter and full-year earnings for 2023 early Tuesday morning.
Executives say Walmart will spend $2.3 billion to acquire the California-based hardware company. Walmart is hoping to leverage Vizio’s connected TV platform to boost its ad business as it competes with online retail giant Amazon.
“We believe Vizio’s customer-centric operating system provides great viewing experiences at attractive price points,” Seth Dallaire, the Executive Vice President and Chief Revenue Officer at Walmart U.S., said in a statement. “We also believe it enables a profitable advertising business that is rapidly scaling.”
Vizio was scheduled to report its own fourth-quarter and full-year 2023 earnings next week. It wasn’t clear if the company is planning to continue with the event as scheduled.
- 2/20/2024
- by Matthew Keys
- The Desk
Smart-TV maker Vizio reported better-than-expected results for the first quarter but still saw total revenue slump 27% as consumers cut spending in a time of ongoing inflation and economic worries.
The company reported break-even results on the bottom line, which surpassed Wall Street analysts’ forecast for a loss of 2 cents a share, and revenue came in at $356.7 million.
Platform+, the company’s unit focused on streaming advertising, posted a 22% gain in revenue to $125.5 million. SmartCast, the company’s interface and another major gateway for ad buyers, now has 17.5 million active accounts, up 12% from the same quarter a year earlier. Each account streamed 93 hours of programming per month in the quarter, up 5% over a year ago.
“As you can see from our results, our advertising business continued to show strength in Q1,” CEO William Wang said. “Our results speak to the progress we’ve made in raising awareness of Vizio as...
The company reported break-even results on the bottom line, which surpassed Wall Street analysts’ forecast for a loss of 2 cents a share, and revenue came in at $356.7 million.
Platform+, the company’s unit focused on streaming advertising, posted a 22% gain in revenue to $125.5 million. SmartCast, the company’s interface and another major gateway for ad buyers, now has 17.5 million active accounts, up 12% from the same quarter a year earlier. Each account streamed 93 hours of programming per month in the quarter, up 5% over a year ago.
“As you can see from our results, our advertising business continued to show strength in Q1,” CEO William Wang said. “Our results speak to the progress we’ve made in raising awareness of Vizio as...
- 5/9/2023
- by Dade Hayes
- Deadline Film + TV
Smart-tv firm Vizio’s beleaguered stock perked up in after-hours trading after the company posted better-than-expected revenue in the first quarter.
Losses of 6 cents a share in the quarter were a penny below Wall Street’s consensus forecast and compared with a profit of 2 cents in the year-earlier quarter. Revenue of 485.5 million slid 4 from 505.7 million but still came in well ahead of estimate’s expectation for 453.7 million.
Vizio shares, which have lost more than half their value since the company’s initial public offering a bit more than a year ago, rallied almost 9 after hours. They closed the regular trading day at 7.57, up more than 1 on above-average trading volume.
As the No. 2 maker of smart-TVs in North America, Vizio has in recent years expanded beyond hardware to become a significant gateway for streaming.
Platform+, the unit encompassing advertising and user data, posted a 97 jump in revenue to 102.6 million.
SmartCast, the company’s streaming hub,...
Losses of 6 cents a share in the quarter were a penny below Wall Street’s consensus forecast and compared with a profit of 2 cents in the year-earlier quarter. Revenue of 485.5 million slid 4 from 505.7 million but still came in well ahead of estimate’s expectation for 453.7 million.
Vizio shares, which have lost more than half their value since the company’s initial public offering a bit more than a year ago, rallied almost 9 after hours. They closed the regular trading day at 7.57, up more than 1 on above-average trading volume.
As the No. 2 maker of smart-TVs in North America, Vizio has in recent years expanded beyond hardware to become a significant gateway for streaming.
Platform+, the unit encompassing advertising and user data, posted a 97 jump in revenue to 102.6 million.
SmartCast, the company’s streaming hub,...
- 5/12/2022
- by Dade Hayes
- Deadline Film + TV
Vizio, the No. 2 maker of smart TVs in North America and a rising player in streaming distribution and advertising, had its initial public offering this morning.
While Covid-19 safety restrictions are limiting the numbers and high-fives, executives from the Irvine, CA-based company are ringing the bell at the New York Stock Exchange. The offering of 12.25 million shares using the ticker symbol Vzio was priced at $21. Vizio, which was founded in 2002 by William Wang, who is its chairman and CEO, is looking to raise up to $174 million from the IPO.
The hardware business is growing steadily, with Vizio trailing only Samsung in the smart TV sector. But software — specifically, the company’s SmartCast streaming platform — has emerged as a strategic focus. Revenue from the company’s platform business quadrupled from 2018 to 2020 to $147.2 million. Total company revenue topped $2 billion in 2020, with hardware sales rising 7%.
Subscription streaming apps, free, ad-supported services and advertisers have flocked to SmartCast,...
While Covid-19 safety restrictions are limiting the numbers and high-fives, executives from the Irvine, CA-based company are ringing the bell at the New York Stock Exchange. The offering of 12.25 million shares using the ticker symbol Vzio was priced at $21. Vizio, which was founded in 2002 by William Wang, who is its chairman and CEO, is looking to raise up to $174 million from the IPO.
The hardware business is growing steadily, with Vizio trailing only Samsung in the smart TV sector. But software — specifically, the company’s SmartCast streaming platform — has emerged as a strategic focus. Revenue from the company’s platform business quadrupled from 2018 to 2020 to $147.2 million. Total company revenue topped $2 billion in 2020, with hardware sales rising 7%.
Subscription streaming apps, free, ad-supported services and advertisers have flocked to SmartCast,...
- 3/25/2021
- by Dade Hayes
- Deadline Film + TV
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