Platform+ net revenue increased 28% year-over-year to $174.2 million
Platform+ gross profit increased 27% YoY to $105.4 million
SmartCast Average Revenue Per User increased 15% YoY to $32.48
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Walmart has confirmed the acquisition of smart TV maker Vizio for $2.3 billion. The deal is set to impact the US TV market and enable Walmart to expand its advertising business. Find out more about the implications of this acquisition.
Walmart and VIZIO announced they have entered into an agreement for Walmart to acquire VIZIO for $11.50 per share in cash, for a total value of $2.3 billion.