Vizio reports Q2 EPS 1c, consensus 0c

Reports Q2 revenue $394.4M, consensus $378.6M. “Our Q2 results once again validate the power of our integrated hardware and software business model,” said William Wang, CEO of VIZIO. “Unlike the challenges many are facing in the advertising marketplace, our business is firing on all cylinders, and our team delivered 35% growth in ad revenue during the quarter. In addition, our key measure of platform monetization, APRU, surpassed $30. We’ve come a long way in a very short time frame, and I could not be prouder of our team’s exceptional performance.”