What They Say
Vizio reported its first Q2 results since its IPO earlier this year. The firm saw revenue up 2% on last year to $401.2 million, with gross profit of $79.5 million, up 37%. However, there was a net loss of $14.0 million compared to a profit of $17.3 million last year. The firm’s ARPU was $16.76, up 90%
What We Think
Although this was a weak quarter, it was ahead of analysts’ estimates and the boost in ARPU is important as the company tries to transition its business to derive more income from user subscriptions, rather than simply ‘selling boxes’. (BR)
