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The latest announcement is out from VIZIO Holding ( (VZIO) ).
VIZIO Holding Corp. reported a strong financial performance for Q3 2024, with a 26% increase in Platform+ net revenue to $197 million and a 16% growth in gross profit. The company saw a notable rise in SmartCast Average Revenue Per User by 18% to $37.17. Business highlights include reaching 19.1 million SmartCast Active Accounts and launching 26 new apps. Despite these gains, VIZIO’s net income dropped significantly to $0.5 million, influenced by acquisition-related costs and cash incentive awards.
For an in-depth examination of VZIO stock, go to TipRanks’ Stock Analysis page.
