In 2023, Vizio reported that the sales of devices accounted for the highest share of its revenue at 64 percent. However, the revenue share of the device segment, including smart TVs and sound bars, declined from 2019 to 2023. On the other hand, the business area Platform+ grew its revenue share during the same period of time. Platform+ consists of the operationg system SmartCast, which distributes streaming apps such as Netflix, HBO Max, or Vizio's own free ad-supported streaming TV (FAST) service WatchFree+, as well as Inscape that allows Vizio, for instance, to provide relevant advertisements targeted to its customers.
Distribution of revenue of Vizio from 2019 to 2023, by segment
Characteristic
Device
Platform+
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Statista. (March 20, 2024). Distribution of revenue of Vizio from 2019 to 2023, by segment [Graph]. In Statista. Retrieved July 23, 2024, from https://www.statista.com/statistics/1245220/revenue-distribution-vizio-segment/
Statista. "Distribution of revenue of Vizio from 2019 to 2023, by segment." Chart. March 20, 2024. Statista. Accessed July 23, 2024. https://www.statista.com/statistics/1245220/revenue-distribution-vizio-segment/
Statista. (2024). Distribution of revenue of Vizio from 2019 to 2023, by segment. Statista. Statista Inc.. Accessed: July 23, 2024. https://www.statista.com/statistics/1245220/revenue-distribution-vizio-segment/
Statista. "Distribution of Revenue of Vizio from 2019 to 2023, by Segment." Statista, Statista Inc., 20 Mar 2024, https://www.statista.com/statistics/1245220/revenue-distribution-vizio-segment/
Statista, Distribution of revenue of Vizio from 2019 to 2023, by segment Statista, https://www.statista.com/statistics/1245220/revenue-distribution-vizio-segment/ (last visited July 23, 2024)
Distribution of revenue of Vizio from 2019 to 2023, by segment [Graph], Statista, March 20, 2024. [Online]. Available: https://www.statista.com/statistics/1245220/revenue-distribution-vizio-segment/