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Vizio Q3 Misses Analysts’ Consensus Estimate

Vizio Holding Corp. (NYSE: VZIO) today reported third quarter results that missed analysts’ consensus estimate.

Revenue for the Irvine seller of TVs and ad services fell 26% to $435 million from the year prior. Analysts, on average, estimated that Vizio would perform slightly better this third quarter, forecasting $438 million in revenue.

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Vizio Expands Partnership with Fox

Irvine-based Vizio Holding Corp. (NYSE: VZIO) said yesterday it secured a multi-year extension of its distribution partnership with Fox Corp. (Nasdaq: FOXA, FOX).

The expanded partnership adds the Fox Sports app to Vizio’s Smart TVs and the Fox Weather Channel to Vizio’s streaming service, WatchFree+. Existing ad-supported Fox channels on
Vizio’s platform include news channel Fox LiveNow and Fox Soul, “a live and interactive streaming channel dedicated to the African American viewer,” Fox said.

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Vizio Expands Streaming Service Library

The new additions to its streaming library marks Vizio's continuation of “its commitment to make entertainment available to everyone,” the company said in a statement. “Following the [introduction] of ad-supported on demand content last November, the team has expanded the entertainment options at an accelerated pace to provide consumers with access to a massive free library of content that they can enjoy as a part of owning a Vizio TV," said Vizio's Vice President of Business Development Katherine Pond.

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