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. 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 will 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 fourth 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 will be for Q3 2023 or as of the end of Q3 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. Our third quarter result demonstrates that VIZIO's continued focus on high-quality products and innovative user experiences is driving strong gains in user engagement and platform monetization.