Streaming Opportunity ‘Well Defined,’ Getting ‘Really Large’: Vizio CFO
Vizio didn’t take itself public for customary reasons of raising money, but to get the “story” out about plans to “get to the next level” in streaming, Chief Financial Officer Adam Townsend told a Needham virtual conference Monday. There's “a…
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nice balance sheet, ample cash, no debt, cash-flow-positive,” he said. It spent the past several years “really investing in a software platform to bring a proprietary operating system to the market” to exploit “the future of consumer video consumption,” he said of SmartCast OS. The streaming opportunity is “getting well defined, and really, really large,” he said. Vizio is “now at scale” with 13.5 million monthly active SmartCast users, he said. “We’re really expanding the offering to consumers in total.” Vizio will add “a lot more” content later this year, he said: “Some pretty big household brand names are coming to the platform pretty soon.”