VIZIO Holding Corp. (NYSE:VZIO) Q1 2022 Earnings Conference Call May 12, 2022 4:30 PM ET

Company Participants

Michael Marks – 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

Jim Goss – Barrington

Jason Kreyer – Craig-Hallum

Steven Cahall – Wells Fargo

Cory Carpenter – JPMorgan

Nick Zangler – Stephens

Michael Morris – Guggenheim Partners

Tom Champion – Piper Sandler

Wamsi Mohan – Bank of America

Vasily Karasyov – Cannonball Research

Michael Marks

Good afternoon, everyone, and thank you for joining us for our First Quarter 2022 Earnings Call. 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 second slide in the presentation and remind you that certain statements made on this call 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.

During the call, we also refer to non-GAAP financial measures, including adjusted EBITDA. Reconciliations with the most comparable GAAP measures for non-GAAP financial information discussed on this call can be found in our earnings release or in the Investors section of our website. Note that all quarterly comparisons in today’s remarks will be made on a year-over-year basis 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. This is about 2022 off to a great start with a high margin Platform Plus revenue growing 97% year-over-year in Q1, a streaming service type attention and consumers navigate an ocean of content options, the promotion and search for quality programs is happening on Vizio home screens.

The more time consumers spend serving between apps, fast channels and our own and operated services such as WatchFree+ the more central Vizio becomes to the consumer content journey. To put another way, our platform is like the mall of America, a one stop shop where consumers can find the latest and hottest from brands that they love, whether roaming through SVOD or AVOD features or series season premieres were all episode that full traffic may migrate from store to store but the journey is brought to you by Vizio.