Shares of Vizio Holding Corp. (NYSE: VZIO) jumped after the Irvine-based seller of televisions and online advertising services today reported third-quarter revenue that beat analysts’ consensus estimates.
Vizio reported revenue of $426 million, topping the $424 million expected by analysts. Vizio’s advertising division Platform+, its focus in recent years, saw sales go up 22% to $156 million.
Following the announcement, shares rose 14% to $6 per share in after-hours trading. They had fallen 5.6% to $5.28 and a $1 billion market cap.
