Vizio Walmart account requirement for smart TV features: Difference between revisions
| Line 19: | Line 19: | ||
Walmart completed its acquisition of Vizio on December 3, 2024, paying $11.50 per share for a total of approximately $2.3 billion in fully diluted equity value.<ref name="walmart-acquisition">{{Cite web |date=2024-12-03 |title=Walmart Completes Acquisition of VIZIO |url=https://corporate.walmart.com/news/2024/12/03/walmart-completes-acquisition-of-vizio |url-status=live |archive-url=https://web.archive.org/web/20260325162230/https://corporate.walmart.com/news/2024/12/03/walmart-completes-acquisition-of-vizio |archive-date=2026-03-25 |website=[[Walmart]] Corporate}}</ref> Vizio became a wholly owned subsidiary of Walmart, with its business reported as part of the Walmart U.S. segment, & founder & CEO William Wang continuing to lead the company under Seth Dallaire, Walmart's EVP & Chief Growth Officer.<ref name="walmart-acquisition" /> Vizio's stock was delisted from the NYSE effective that day.<ref name="walmart-acquisition" /> At the time of the acquisition, Vizio had 19 million active accounts.<ref name="walmart-acquisition" /> | Walmart completed its acquisition of Vizio on December 3, 2024, paying $11.50 per share for a total of approximately $2.3 billion in fully diluted equity value.<ref name="walmart-acquisition">{{Cite web |date=2024-12-03 |title=Walmart Completes Acquisition of VIZIO |url=https://corporate.walmart.com/news/2024/12/03/walmart-completes-acquisition-of-vizio |url-status=live |archive-url=https://web.archive.org/web/20260325162230/https://corporate.walmart.com/news/2024/12/03/walmart-completes-acquisition-of-vizio |archive-date=2026-03-25 |website=[[Walmart]] Corporate}}</ref> Vizio became a wholly owned subsidiary of Walmart, with its business reported as part of the Walmart U.S. segment, & founder & CEO William Wang continuing to lead the company under Seth Dallaire, Walmart's EVP & Chief Growth Officer.<ref name="walmart-acquisition" /> Vizio's stock was delisted from the NYSE effective that day.<ref name="walmart-acquisition" /> At the time of the acquisition, Vizio had 19 million active accounts.<ref name="walmart-acquisition" /> | ||
The acquisition was not primarily about selling television hardware. In Vizio's final quarter as an independent company, its advertising platform (Platform+) reported a gross profit of $115.8 million, while its hardware (Device) segment reported a gross loss of $6.7 million.<ref name="vizio-q3-2024">{{Cite web |date=2024-11-01 |title=VIZIO HOLDING CORP. Reports Q3 2024 Financial Results |url=https://www.businesswire.com/news/home/20241101202974/en/VIZIO-HOLDING-CORP.-Reports-Q3-2024-Financial-Results |url-status=live |archive-url=https://web.archive.org/web/20250430221917/https://www.businesswire.com/news/home/20241101202974/en/VIZIO-HOLDING-CORP.-Reports-Q3-2024-Financial-Results |archive-date=2025-04-30 |website=[[BusinessWire]]}}</ref> On Walmart's Q4 FY2026 earnings call, Walmart CFO John David Rainey said Walmart "saw triple-digit growth in advertising with our VIZIO business in the quarter" and reported that Walmart's global advertising businesses grew 46% over the year to $6.4 billion.<ref name="walmart-q4-2026-transcript">{{Cite web |date=2026-02-19 |title=Corrected Transcript - Walmart, Inc. Q4 2026 Earnings Call |url=https://stock.walmart.com/_assets/_08ee5483ec4c057568cc8774f3fd6aad/walmart/db/938/9972/transcript_management_call/CORRECTED+TRANSCRIPT++Walmart%2C+Inc.%28WMT-US%29%2C+Q4+2026+Earnings+Call%2C+19-February-2026+8+00+AM+ET.pdf |url-status=dead | | The acquisition was not primarily about selling television hardware. In Vizio's final quarter as an independent company, its advertising platform (Platform+) reported a gross profit of $115.8 million, while its hardware (Device) segment reported a gross loss of $6.7 million.<ref name="vizio-q3-2024">{{Cite web |date=2024-11-01 |title=VIZIO HOLDING CORP. Reports Q3 2024 Financial Results |url=https://www.businesswire.com/news/home/20241101202974/en/VIZIO-HOLDING-CORP.-Reports-Q3-2024-Financial-Results |url-status=live |archive-url=https://web.archive.org/web/20250430221917/https://www.businesswire.com/news/home/20241101202974/en/VIZIO-HOLDING-CORP.-Reports-Q3-2024-Financial-Results |archive-date=2025-04-30 |website=[[BusinessWire]]}}</ref> On Walmart's Q4 FY2026 earnings call, Walmart CFO John David Rainey said Walmart "saw triple-digit growth in advertising with our VIZIO business in the quarter" and reported that Walmart's global advertising businesses grew 46% over the year to $6.4 billion.<ref name="walmart-q4-2026-transcript">{{Cite web |date=2026-02-19 |title=Corrected Transcript - Walmart, Inc. Q4 2026 Earnings Call |url=https://stock.walmart.com/_assets/_08ee5483ec4c057568cc8774f3fd6aad/walmart/db/938/9972/transcript_management_call/CORRECTED+TRANSCRIPT++Walmart%2C+Inc.%28WMT-US%29%2C+Q4+2026+Earnings+Call%2C+19-February-2026+8+00+AM+ET.pdf |url-status=dead |archive-url=https://web.archive.org/web/20260327225351/https://stock.walmart.com/_assets/_08ee5483ec4c057568cc8774f3fd6aad/walmart/db/938/9972/transcript_management_call/CORRECTED+TRANSCRIPT++Walmart%2C+Inc.%28WMT-US%29%2C+Q4+2026+Earnings+Call%2C+19-February-2026+8+00+AM+ET.pdf |archive-date=2026-03-27 |website= |format=PDF}}</ref><ref name="adexchanger-walmart-64b">{{Cite web |date=2026-02-20 |title=Walmart's Ad Revenue Totaled $6.4 Billion In 2025 As The Ecom Flywheel Started To Spin |url=https://www.adexchanger.com/commerce/walmarts-ad-revenue-totaled-6-4-billion-in-2025-as-the-ecom-flywheel-started-to-spin/ |url-status=live |archive-url=https://web.archive.org/web/20260325002223/https://www.adexchanger.com/commerce/walmarts-ad-revenue-totaled-6-4-billion-in-2025-as-the-ecom-flywheel-started-to-spin/ |archive-date=2026-03-25 |website=[[AdExchanger]]}}</ref> | ||
==Account requirement== | ==Account requirement== | ||