Vizio Ups Q3 AVOD Streaming Hours 16% to 3.6 Billion

Consumer electronics manufacturer Vizo Nov. 9 announced it saw a 16% in AVOD consumption in the third quarter (ended Sept. 30). Total SmartCast viewing hours in the quarter topped 3.6 billion, compared with 3.1 billion hours in the previous-year period.

Vizio, along with Samsung, is aggressively pursuing the ad-supported VOD and free ad-supported streaming television market with proprietary platforms targeting their install base.

In the quarter, Irvine, Calif.-based Vizio expanded its app partnerships to include HBO Max, FuboTV, BET+, PBS and Funimation. The company also launched WatchFree+, an updated free, ad-supported streaming service with greater ad inventory control.

“Our dual revenue model is a competitive advantage, and it allows us to leverage our device business to drive growing high-margin revenue within our platform business,” CEO William Wang said in a statement.

Vizio, which claims to be the No. 2 selling TV brand, and No. 1 selling soundbar brand in the U.S., said it ended the quarter with 14.4 million active SmartCast accounts, which was up 35% from 10.7 million accounts last year.

“We are here to define the future of the Smart TV business,” Wang said.

Walmart Ups Q2 Revenue, Online Sales to Reach $75 Billion by End of Year

July retail sales may have slipped due to Delta variant concerns, according to the U.S. Commerce Department, but don’t tell that to Walmart.

The world’s largest retail chain Aug. 17 reported a 5.3% increase in U.S. store revenue to $98.2 billion in the second quarter, ended July 31, compared with $93.2 billion in the previous-year period. Online sales increased 6%, and are projected to reach $75 billion by the end of the year. Overall net income fell 34% to $4.28 billion, from $6.48 billion a year earlier.

One of the nation’s largest sellers of movie DVDs and Blu-ray Discs, Walmart does not break out packaged-media sales data. The company last year sold the Vudu transactional VOD platform to Comcast-owned Fandango — the latter melding it with FandangoNow under the Vudu brand name.

Subscribe HERE to the FREE Media Play News Daily Newsletter!

“We had another strong quarter in every part of our business,” Walmart CEO Doug McMillon said in a statement. “We grew market share … we’re finding innovative ways to commercialize our data and build technology. We have a unique ecosystem of products and services designed to serve customers in broader, deeper ways.”