VIZIO Holding Corp. (NYSE:VZIO) Q1 2023 Results Conference Call May 9, 2023 4:30 PM ET
Company Participants
Michael Marks - Director, IR
William Wang - Founder and CEO
Adam Townsend - CFO
Michael O'Donnell - Chief Revenue and Strategic Growth Officer
Conference Call Participants
Laura Martin - Needham
Ben Swinburne - Morgan Stanley
Vasily Karasyov - Cannonball Research
Steven Cahall - Wells Fargo
Michael Morris - Guggenheim
Cory Carpenter - JPMorgan
Jason Kreyer - Craig-Hallum
Nick Zangler - Stephens
Tom Champion - Piper Sandler
Ruplu Bhattacharya - Bank of America
Jim Goss - Barrington Research
Michael Marks
Good afternoon, and welcome to VIZIO's Q1 '23 Earnings Call. I'm Michael Marks, Director of Investor Relations. Joining me for today's discussion are William Wang, our Founder and CEO; and Adam Townsend, our CFO. Also joining us for the Q&A portion of today's call is Michael O'Donnell, our Chief Revenue and Strategic Growth Officer.
Please note that in addition to our earnings release and today's remarks, a slide presentation can be found on our Investor Relations website at investors.vizio.com. I'll refer you to the third slide in the presentation and remind you that certain statements made on this call including certain statements about our expected second quarter results, advertising relationships and partners, product rollouts and functionality and future customer demand for our products are forward-looking statements that involve risks and uncertainties. These risks and uncertainties that could cause actual results to differ materially from these forward-looking statements are discussed in more detail in our filings with the SEC and our press release that was issued this afternoon. We undertake no obligation to revise any statements to reflect changes that occur after this call, except as required by law.
During the call, we also refer to non-GAAP financial measures, including adjusted EBITDA and certain operational and financial metrics. Reconciliations to the most comparable GAAP measures for non-GAAP financial information discussed on this call as well as further information related to guidance, definitions and metrics can be found in our earnings release, which is on the Investors section of our website. Note that all quarterly comparisons in today's remarks will be made on a year-over-year basis and all metrics reported on today's call be for Q1 2023 or as of the end of Q1 2023 as applicable, unless otherwise specified.
Now I will turn the call over to William.
William Wang
Thank you, Michael, and hello, everyone. Thank you for joining us today. Q1 kicked off our 21st year of selling, award-winning affordable products and experiences, and we continue to see success in the execution of our combined hardware and software strategy. Last year, personnel challenge on multiple funds, and it was a little surprise to many, the uncertainty in the macro economy environment resulted in pressure across the broader advertising marketplace, particularly towards the end of 2022.