VZIO Stock Recent News

Vizio shares soared on Tuesday after a report that Walmart was looking to buy the smart-TV maker. There could be some negative implications for Roku as an operating system for Walmart's Onn TVs, but it's the retailer that has more to lose in that scenario.

Walmart Inc (NYSE:WMT) is in discussions to acquire smart television manufacturer Vizio for over US$2 billion, according to reports by the Wall Street Journal. An added benefit of the deal is it would provide Walmart with a new place in its stores to advertise and market products to customers.

The TV maker is apparently the target of an acquisition. The potential acquirer is one of the world's top retailers.

Walmart is reportedly in talks to acquire smart television maker Vizio for over $2 billion. The discussions are ongoing, and a deal may not happen, the Wall Street Journal (WSJ) reported Tuesday (Feb. 13), citing unnamed sources.

Retail giant Walmart is in talks to buy smart TV maker Vizio in a move to boost its online advertising presence.

Shares of Vizio Holding Corp. rocketed higher on Tuesday on a report that Walmart Inc. was in talks to buy the TV maker for at least $2 billion in an effort to deck out its stores with more screens where it can display ads.

The move would give Walmart more places where it can sell ads and pitch shoppers on goods, the Journal reported.

Revenue from TV sales is down, but platform sales are making up for those losses. Investors are cheering for higher platform margins and the growth potential that entails.

VIZIO Holding Corp. (NYSE:VZIO ) Q3 2023 Earnings Conference Call November 9, 2023 4:30 PM ET Company Participants Michael Marks - Director, Investor Relations William Wang - Founder and Chief Executive Officer Adam Townsend - Chief Financial Officer Michael O'Donnell - Chief Revenue and Strategic Growth Officer Conference Call Participants Nick Zangler - Stephens Laura Martin - Needham Ben Swinburne - Morgan Stanley Michael Morris - Guggenheim Jason Kreyer - Craig-Hallum Cory Carpenter - JP Morgan Tom Champion - Piper Sandler Jim Goss - Barrington Michael Marks Good afternoon, and welcome to VIZIO's Q3 2023 Earnings Call. I'm Michael Marks, Director of Investor Relations.

The headline numbers for VIZIO Holding Corp. (VZIO) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.