It's completely true. Looking at Vizio's financial records[0], the numbers make it clear. They seperate everything into 2 distinct businesses, Device and Plat

It's completely true. Looking at Vizio's financial records[0], the numbers make it clear. They seperate everything into 2 distinct businesses, Device and Platform+. Device represents their hardware business of selling physical TVs and soundbars. Platform+ covers all of their other "software-related" business, mainly consisting of ad delivery and selling user data to third parties. 2019: - Device Net Revenue = $1.7 billion - Device Gross Profit = $125 million - Platform+ Net Revenue = $63 million - Platform+ Gross Profit = $40 million 2023: - Device Net Revenue = $1.0 billion - Device Gross Profit = -($8.6 million) - Platform+ Net Revenue = $598 million - Platform+ Gross Profit = $364 million So over the course of just 4 years: - hardware revenue is down 40% and is actually losing money (confirms they are indeed selling the TVs at a loss) - Ad/user data revenue, however, is up almost ten-fold (+949%) - total gross profits of the two combined are up over 54% [0] https://investors.vizio.com/financials/quarterly-results/default.aspx https://investors.vizio.com/financials/quarterly-results/def...