Advertising GrowthAdvertising revenue re-accelerated, growing 36% year-over-year, which contributes to a stronger gross profit and signals robust growth in a key revenue segment.
Financial PerformanceVIZIO's Platform+ revenues increased by 28% year-over-year, reflecting growth in the company's service-based offerings and a strong demand for connected TV advertising.
Mergers And AcquisitionsThe acquisition by Walmart is set to boost VIZIO's TV panel sales and strengthen its position in the competitive streaming/Connected TV ecosystem.