VIZIO HOLDING CORP. Reports Q1 2021 Financial Results
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Wells Fargo Reiterates Overweight Rating on VIZIO (VZIO)
May 12, 2021 7:01 AM EDTWells Fargo analyst Steven Cahall reiterated an Overweight rating and $31.00 price target on VIZIO (NYSE: VZIO) following the company's 1Q earnings report. VZIO Q1 revenue of $506mm topped the street by 4% while gross profit of $87mm was ~50% ahead. Adj. EBITDA of $40mm was... More
VIZIO Holding Corp. (VZIO) Tops Q1 EPS by 12c, Revenues Beat
May 11, 2021 4:07 PM EDTVIZIO Holding Corp. (NYSE: VZIO) reported Q1 EPS of $0.02, $0.12 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $505.7 million versus the consensus estimate of $484.07 million.
First Quarter 2021 Highlights
Financial and operational highlights include:
Net revenue increased 52% year over year to $505.7 millionPlatform+ net revenue increased 120% year over year to $52.2 millionGross profit increased 82% year over year to $86.7... More