#1PRIVATE VIEWE PARY W UCA W Freet HIN hulu 150 VIZIO Financial Results and Outlook Q1'22 Earnings Call#2Non-GAAP Financial Measures and Forward-Looking Statements VIZIO To supplement our financial information presented in accordance with generally accepted accounting principles in the United States of America, or GAAP, VIZIO considers certain financial measures that are not prepared in accordance with GAAP, including Adjusted EBITDA. We define Adjusted EBITDA as total net (loss) income before interest income, net, other income (expense), net, provision for (benefit from) income taxes, depreciation and amortization and share-based compensation. We consider Adjusted EBITDA to be an important metric to assess our operating performance and help us to manage our working capital needs. Utilizing Adjusted EBITDA, we can identify and evaluate trends in our business as well as provide investors with consistency and comparability to facilitate period-to-period comparisons of our business. We believe that providing users with non-GAAP measures such as Adjusted EBITDA may assist investors in seeing VIZIO's operating results through the eyes of management and in comparing VIZIO's operating results over multiple periods with other companies in our industry. We use Adjusted EBITDA in conjunction with net (loss) income as part of our overall assessment of our operating performance and the management of our working capital needs. Our definition of Adjusted EBITDA may differ from the definition used by other companies and therefore comparability may be limited. In addition, other companies may not publish Adjusted EBITDA or similar metrics. Furthermore, Adjusted EBITDA has certain limitations in that it does not include the impact of certain expenses that are reflected in our condensed consolidated statement of operations that are necessary to run our business. Thus, Adjusted EBITDA should be considered in addition to, not as a substitute for, or in isolation from, measures prepared in accordance with GAAP, including net (loss) income. We compensate for these limitations by providing a reconciliation of Adjusted EBITDA to net (loss) income. We encourage investors and others not to rely on any single financial measure and to view Adjusted EBITDA in conjunction with net (loss) income. Copyright © 2022. VIZIO, Inc. Confidential information. Do not distribute, reproduce, disclose, transmit in any form or any means, in whole or in part, without prior written permission. All rights reserved. All information, materials, and discussions associated herewith are the intellectual property and proprietary, confidential information of VIZIO, Inc#3Non-GAAP Financial Measures and Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or VIZIO's future financial or operating performance. In some cases, you can identify forward looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these words or other similar terms or expressions that concern our expectations, strategy, priorities, plans, or intentions. Forward-looking statements in this presentation include, but are not limited to, statements regarding VIZIO's future financial and operating performance, including our outlook and guidance and our expectations regarding advertising spend commitments. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties, including changes in our plans or assumptions, that could cause actual results to differ materially from those projected. These risks include the possibility that: we are not able to keep pace with technological advances in our industry and successfully compete in highly competitive markets; we do not have the ability to continue to sell our Smart TVs; we cannot attract and maintain SmartCast Active Accounts; we cannot increase SmartCast Hours; we are not able to attract and maintain popular content on our platform; we are not able to maintain relationships with advertisers; and we cannot adapt to market conditions and technological developments, including with respect to our platform's compatibility with applications developed by content providers. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2021, filed on March 10, 2022, and our Quarterly Report on Form 10-Q for the three months ended March 31, 2022, to be filed in the next few days. The forward- looking statements in this presentation are based on information available to VIZIO as of the date hereof, and VIZIO disclaims any obligation to update any forward-looking statements, except as required by law. 3 VIZIO Copyright © 2022. VIZIO, Inc. Confidential information. Do not distribute, reproduce, disclose, transmit in any form or any means, in whole or in part, without prior written permission. All rights reserved. All information, materials, and discussions associated herewith are the intellectual property and proprietary, confidential information of VIZIO, Inc#4Financial Highlights#5● ● ● ● First Quarter 2022 Highlights (comparison to first quarter 2021) Net revenue of $485 million, compared to $506 million Platform+ net revenue of $103 million, up 97% Gross profit of $73 million, compared to $87 million Platform+ gross profit of $65 million, up 69% Adjusted EBITDA ¹ of $4 million, compared to $40 million ¹ Non-GAAP financial measure, see reconciliation to net (loss) income on slide 27. First Quarter Results Exceeded Guidance ($ in millions) Platform + Net Revenue Platform + Gross Profit 1 Adjusted EBITDA ¹ Q1'22 $103 $65 $4 5 VIZIO Guidance $90 - $95 $57 - $60 ($2) - $2#6First Quarter 2022 Financial Results $ in millions, unaudited Net Revenue Device Platform+ Total Net Revenue Gross Profit Device Platform+ Total Gross Profit 1 Operating Expenses ¹ Net (Loss) Income 2 Adjusted EBITDA² $ $ $ 2022 Three Months Ended March 31, Change 383 $ 103 485 8 65 73 86 (11) $ 2021 453 52 506 48 38 87 73 3 4 $ 40 ¹ 2022 first quarter operating expenses include share-based compensation of $16.2 million. 2021 first quarter operating expenses include share-based compensation of $26.0 million. 2 Non-GAAP financial measure, see reconciliation to net (loss) income on slide 27. $ $ (71) $ $ 50 (20) (40) 27 (14) 13 (14) (36) % -16% 97% -4% -84% 69% -16% 18% -424% -89% A 6#777 GISELE Device Highlights She Sle PILS#8Device Highlights 1 #1 TV and sound bar shelf share at Walmart & Target ¹ 50" V Series model was the #1 selling 4K TV in US during Q1'22 ² Increased mid-size (43"-58") units shipped by 40% from Q1'21 23% increase in TV shipments versus pre-pandemic Q1'19 Received CES 2022 Innovation Awards for TV (M Series X), Audio (M Series Elevate) and our SmartCast operating system ¹ According to gap intelligence's Televisions and Sound Bars Pricing & Promotion Report, March 2022. 2 The NPD Group/Retail Tracking Service, based on unit sales, Jan. - Mar. 2022 combined. 8#9A TV and Soundbar For Every Budget Select Retail Partners Walmart+ sam's club BEST BUY COSTCO WHOLESALE TARGET amazon BJ's X EXCHANGE ARMY & AIR FORCE EXCHANGE SERVICE D-Series Starting at $129 24" - 43" Screen Sizes HD/FHD V-Gaming Engine V-Series Starting at $289 43" - 75" Screen Sizes 4K Ultra HD V-Gaming Engine V-Series Starting at $119 A step-up in home theater sound with up to 6 Speakers EDITORS' CHOICE 2021 REVIEWED IR PROCESSOR BEST OF YEAR 2021 REVIEWED EDITORS' CHOICE 2021 REVIEW EL K PROCESSOR GAMING ENGINE GAMING ENGINE FreeSync VIZIO D-Series VIZIO VIZIO V5-Series M-Series Starting at $399 43" - 75" Screen Sizes 4K Ultra HD ProGaming Engine w/AMD FreeSync P-Series Starting at $999 65" - 85" Screen Sizes 4K Ultra HD ProGaming Engine w/AMD FreeSync Premium M-Series Starting at $149 All in one, 5.1 & 5.1.2 Surround With Up to 11 Speakers dlate trends RECOMMENDED PRODUCT COMMENDED WIRED RECOMMENDS ACTIVE PROCESSOR EDITORS' CHOICE 2021 REVIEWED USAGA HET WOR ULTRA PROCESSOR GAMING PRO ENGINE PRO FreeSync TFFICE VIZIO 20 MQ7 QUANTUM COLOR VIZIO PQ9 QUANTUM COLOR Elevate Starting at $1,099 Upfiring Rotating Speaker With to 18 Speakers togude AWARDS OLED TV GAMING PRO ENGINE cnet -44 A ALTRA PROCESSOR OLED Starting at $1,299 55" - 65" Screen Sizes 4K Ultra HD ProGaming Engine 9 Copyright © 2022. VIZIO, Inc. Confidential information. Do not distribute, reproduce, disclose, transmit in any form or any means, in whole or in part, without prior written permission. All rights reserved. All information, materials, and discussions associated herewith are the intellectual property and proprietary, confidential information of VIZIO, Inc VIZIO VIZIO OLED- ▬#10Recent Awards & Accolades D-Series M-Series P-Series TV OLED Note: Q1 awards are highlighted 2021 EDITORS' CHOICE REVIEWED USA TODAY NETWORK *** BEST HOLIDAY GIFTS Newsweek ***** EDITORS CHOICE Newsweek TechHive EDITORS' CHOICE 2021 tech radar GREAT VALUE RG reviewgeek editors' choice CES INNOVATION AWARDS 2022 HONOREE 2021 EDITORS' CHOICE REVIEWED USA TODAY NETWORK "Best 4K TV for Gaming" 30/27/20) P6509 HI IGN IGN EDITORS' CHOICE BGR BEST 2022 WIRED RECOMMENDS EDITORS' CHOICE 2020 REVIEWED USA TOOW NETWORK tech radar GREAT VALUE VIZIO P-Series Quantum X (2021) tom's, guide AWARDS 2021 Home Theater High Fidelity 2021 BEST OF AWARDS digital trends RECOMMENDED PRODUCT 2021 digital trends RECOMMENDED PRODUCT 2021 AUDIO V-Series M-Series Elevate LING STONE AUDIO A RS 2022 digital trends RECOMMENDED PRODUCT 2021 PC PCMAG.COM EDITORS CHOICE WIRED RECOMMENDS il: RG RG RG reviewgeek staff pick 2021 EDITORS' CHOICE REVIEWED USA TODAY NETWORK PUREWOW100 92 100 digital trends ***** EDITORS CHOICE Newsweek RG 2021 EDITORS' CHOICE review geek editors' choice TechHive EDITORS' CHOICE 20-21 Performance Features Ergonomics Value EDITORS' CHOICE ★★★★ ***** ***** REVIEWED USA TODAY NETWORK tech radar GREAT VALUE 2022 HONORER CES INNOVATION AWARDS VIZIO MS12a-HG RECOMMENDED PRODUCT digital trends BGR BEST 2022 2021 digital trends RECOMMENDED PRODUCT tech radar GREAT VALUE Wirecutter T 2021 TechHive BEST Pick CES 2022 2021 EDITORS' CHOICE REVIEWED BEST HOLIDAY GIFTS 2014 Newsweek gamesradar+ HIGHLY RECOMMENDED ROLLING RS RECOMMENDED THE BEST SOUNDBARS STONE 2021 WIRED RECOMMENDS RATING: 9/10 BRAND AMERICA'S BEST HOME & GARDEN BRANDS 2022 Newsweek statista Copyright © 2022. VIZIO, Inc. Confidential information. Do not distribute, reproduce, disclose, transmit in any form or any means, in whole or in part, without prior written permission. All rights reserved. All information, materials, and discussions associated herewith are the intellectual property and proprietary, confidential information of VIZIO, Inc 10 VIZIO#111 tv+ FOUNDATION Platform+ Highlights RAYS prime Free video tv max HBO #2400ROZH SONES hulu YouTube peacock stv iHeart RADIO discovery + Panam#12Platform+ Highlights Advertising revenue grew 116% versus Q1'21 Expanded direct advertising client base by 80% and increased average revenue per advertiser by 65% versus Q1'21 Off-device advertising grew by over 200% driven by strength in Household Connect sales App launches included Sling TV, Amazon Music, Chicken Soup for the Soul, Daily Wire, and Us Weekly Added 1,000 on-demand titles to WatchFree+ from major studios including Warner Brothers, now bringing total studio partnerships to 26 Inked partnership with TransUnion to incorporate their TruAudience® Identity and Data Marketplace into VIZIO's Household Connect Launched VIZIO Jump View, a cross-platform solution designed to bridge for viewers the gap between linear TV and streaming services WHAT IF? Sty NETFLIX MOVIES SHOWS WATCHFREE+ Watch, prime Free+ video <tv+ FOUNDATION WESTWORLD A GODZILLA KONG tv HBO max INS hulu BROOKLYN NINE-NINE Youtube peacock Heart RADIO tv 19 cw discovery ##13Direct Advertising Growth % reflects year-over-year revenue growth +111% Media & Entertainment tv+ Disney+ abc tubi YouTube TV FOX Paramount+ +57% Automotive gm JAGUAR ΚΙΛ TOYOTA LAND- FROVER HYUNDAI PROGRESSIVE GEICO B M W cars.com +52% N Insurance Nationwide State Farm Zebra CarShield™ securian FINANCIAL™ +50% Consumer Packaged Goods GP Constellation Georgia-Pacific Brands P&G VIZIO Starkist reckitt LAND LAKES 13 Copyright © 2022. VIZIO, Inc. Confidential information. Do not distribute, reproduce, disclose, transmit in any form or any means, in whole or in part, without prior written permission. All rights reserved. All information, materials, and discussions associated herewith are the intellectual property and proprietary, confidential information of VIZIO, Inc#14VIZIO's Free Content Solution for Consumers Why Consumers Love Free Content Services #1 Ease of Use #2 Quality Programming #3 Exclusive content Diary+ CRACKLE tubi Free * Hallmark CNN MOVIES&MORE FORK FLIGHT VIZIO LIVENOW FOXI MISSION GAMER NATION NFL VIZIO VIZIO ● ● ● VIZIO's WatchFree+ Solution Multiple access points to Watch Free+ No logins, no subscriptions, and no fees Watch, Free+ VIZIO Over 5,000 On Demand titles from major Hollywood studios Over 250 live channels across news, sports, movies, TV shows, and more VIZIO Curated VIZIO branded FAST channels across all genres Personalized content experiences based on VIZIO's first-party data 14 Copyright © 2022. VIZIO, Inc. Confidential information. Do not distribute, reproduce, disclose, transmit in any form or any means, in whole or in part, without prior written permission. All rights reserved. All information, materials, and discussions associated herewith are the intellectual property and proprietary, confidential information of VIZIO, Inc#15Like Cable TV. But Streaming and Free 2nd Most Watched Ad Supported App On Our Platform CNN news12 pluto TOP STORIES by WeatherNation newsy OAN Plus FORK FLIGHT design NETWORK bon appéti Disney Tiny House Nation LIVE NOW RAW UNFILTERED NON-STOP NEWS OCBSN NEW YORK REAL D AMERICA'S VOICE LIVELY, PLACE gustotv HOUSE Vizio F NBC NEWS NOW cheddar news OCBSN LOS ANGELES USA TODAY House Dabl A NEW LIFESTYLE NETH pluto AMERICA'S TEST KITCHEN GAMER NATION VIZIO S pato OCBSN LIVE 24/7 BNC24/7 LIONSGATE NEWSMAX yahoo! finance CRAFTISTRY TASTEMADE S iFood IGNO KICK BACK VIZIO pluto ACTION FILMAISE WESTERN 10000 Degrassio LOVE NATURE Absolute History Thousands of On Demand Titles from Studio Partners Hutes FILMAISE Puto FREE MOVIES ARCHITECTURAL DIGEST MISSION FEAR VIZIO THE RIFLEMAN BET* pluto THE JACK HANNA CHANNEL pluto TASTEMADE TRAVEL STINGRAY JOURNY pluto SPOTLIGHT VIZIO WILD plute e PLUS BLACKCINEMA Mion 12 NINJIO plutos Xolore naturescape WEATHER SPY Hamul Goldwyn THE SAMUEL GOLDWYN COMPANY 1 FILMAISE ACTION SINEVAULT WESTERNS Over 250 Live Channels GAME SHOW MAVERICK BLACK CINEMA PARANORMAL FILES MAGELLAN DOCUMENTARIES WIRED DOCUMENTARY+ STREAMING THE BEST DOCUMENTARIES COMPLETELY FREE NOW Fear factor ABSOLUTE WE REALITY JUDGE FAITH plutos CHANNEL MAVSELECT $79 SPORTS GRID» OUTDOOR AMERICA HELL'S KITCHEN KITCHEN NIGHTMARES BUZZR REALITY WE DIVORCE ADDE LINN TOLER FOX SPORTS D POWER CLASSICS Outside tv + SONY PICTURES SKILLS+ THRILLS H DOG THE SOUNTY HUNTER WAYPOINT TV LOVE & HIP HOP pluto nosey plutos PLAYERS TV Abilen De MLB pluto WHISTLE the Ⓒ PRICE Real People Fight Barber las VH1 I LOVE REALITY real plutos Free Spike plutoo pluto pluto nosey @CBS SPORTS HQ fubo SPORTS NETWORK aiutos WPT WORLD POKER TOURN bev SPORTS XTRA 96 INVESTIGATION CSI COURTTV PeopleTV VIZIC KEVIN HART'S LOL! NETWORK FEFINER FITNESS plute VOGUE WB FILMAISE FORENSIC FILES REAL CRIME TRUE CRIME WILD'N OUT plutos ET LIVE plutos SWEAT GQ INSIGHTTV 1224 CRIME (360 COLD CASE FILES pluto REELZ pluton TMZ GEORGINA BLOOMBERO MASTERCLASS GLAMOUR YOUNG HOLLYWOOD tosho Funny AF COPS th D whe MIDSOMER MURDERS Relativity plutos FILMAISE UNSOLVED mysteries MA pautes HSN revry VANITY FAIR POLARTS CAROL BURNETT SHOW THE ADDAMS FAMILY Slightly Off BY FC NINJA KIDZ! nick plutoo Little M-L 15 Copyright © 2022. VIZIO, Inc. Confidential information. Do not distribute, reproduce, disclose, transmit in any form or any means, in whole or in part, without prior written permission. All rights reserved. All information, materials, and discussions associated herewith are the intellectual property and proprietary, confidential information of VIZIO, Inc Watch Free+ VIZIO plutos CO THREES COMPANY plutos plutoo COMEDY ALWAYS funny VIDEOS putos COMEDY DYNAMICS DORA TV piuter nickjr: plutoo pluto Kids Animation plutos COCORO FREE TV FOR KIDS $#16VIZIO Features: Data-Driven Curated Exclusive Channels VIZIO Features Numerous first-party data driven channels across multiple genres 100% ad inventory control across VIZIO Features Average viewing time on VIZIO Fork & Flight and VIZIO Investigation is 3x longer vs standard FAST channels Exclusive data-driven content FORK FLIGHT VIZIO FEAR HOUSE Love Always VIZIO KICK BACK VIZIO VIZIO VIZIO cinema selects VIZIO MISSION VIZIO INVESTIGATION Love VIZIO EARTH VIZIO LOVE NATURE CELEBRATE OUR PLANET 16 Copyright © 2022. VIZIO, Inc. Confidential information. Do not distribute, reproduce, disclose, transmit in any form or any means, in whole or in part, without prior written permission. All rights reserved. All information, materials, and discussions associated herewith are the intellectual property and proprietary, confidential information of VIZIO, Inc VIZIO#17Always On Home Screen Brand Sponsorship & Engagement Opportunities VIZIO NEW YEAR NEW ME PRESENTED BY lem NISSAN intuit PRESENTED BY✔✔ turbotax LIVE VIZIO SPORTS MOVIES & SHOWS FORK FLIGHT VIZIO New Year, New Me: Presented by Nissan Black History Month Women's History Month Valentine's Day ROCKY New Years &Body SCULPT, SWEAT. SMILE. TRANSFORM. (LO Sports Movies & Shows: Presented by TurboTax FRIDAY NIGHT LIGHTS Oscars & Grammys Q1 March Madness Room Makeovers Hometalk Super Bowl BLADES OF GLORY COUNTDOWN TO KICKOFF The Valentine's Day Perfect Match May the 4th Mother's Day April Fools EREGREA Asian American & Pacific Islander Heritage Month Super Bowl: Game Day Collection VIZIO ROMANCE COLLECTION Q2 Juneteenth Earth Day Valentines Day: The Perfect Match Father's Day RAMS vs BENGALS COVERAGE BEGINS SUN FEB 13 12 peacock Pride Month CPUPPY BOWL XVII THE NOTEBOOK HACH NATIONAL CHAMPION$ You Again July 4th Shark Week Hispanic Heritage Month Q3 Brought to you by Windows.11 intel VIZIO Fall Premiers VIZIO WHAT'S HOT COLLECTION Emmys BLACK VOICES LIFESTYLE & CULTURE COLLECTION Labor Day GHOSTBUSTERS AFTERLIFE What's Hot: Presented by Microsoft insecure: the end ILLUMINATION. SING Thanksgiving Black Voices: Black History Month Halloween Q4 Love Always MALCOLM X VENUS AND SERENA Holidays 17 Copyright © 2022. VIZIO, Inc. Confidential information. Do not distribute, reproduce, disclose, transmit in any form or any means, in whole or in part, without prior written permission. All rights reserved. All information, materials, and discussions associated herewith are the intellectual property and proprietary, confidential information of VIZIO, Inc VIZIO#18Advantages of VIZIO First-Party Data Deepening Relationships Our TV viewership data captures glass level, opted-in, first-party data across all input sources. This gives agencies and networks better ad targeting capabilities as they plan their CTV ad buying. HDMI 1 HDMI 2 HDMI 3 SmartCast Powering Measurement Our TV viewership currency grade data is used by the top CTV measurement companies to help them understand what's happening across household TVs in linear and streaming environments. 61X iSpot.tv Nielsen comscore OERO Vid=oamp 5IVE Fueling Monetization Our first-party data supports our passion to drive superior CTV search & discovery functionality. Our content recommendation engine helps consumers find more of what they want to watch. Fueling Monetization Deepening Relationships Industry Leading Glass Level Data incape Powering Measurement 18 Copyright © 2021. VIZIO, Inc. Confidential information. Do not distribute, reproduce, disclose, transmit in any form or any means, in whole or in part, without prior written permission. All rights reserved. All information, materials, and discussions associated herewith are the intellectual property and proprietary, confidential information of VIZIO, Inc VIZIO#19Wide Array of Platform+ Monetization Ad-Supported Content Video advertising inventory across WatchFree+ (FAST Channels & AVOD) and certain third-party services. Also, cross- platform viewing solutions like "Jump View." Home Screen Ad placements on our Smart Cast home screen by streaming services, studios and other consumer brands Off-Platform Advertising VIZIO will see its cross-platform ad retargeting product Household Connect strengthened through our ACR data Partner Marketing Branded opportunities through our large, in-store presence Advertising Watch, Free+ VIZI Non-Advertising 36 כככ Q1'22 Platform+ Revenue = $103MM 團 Data Licensing Fees from ad tech companies, advertising agencies and networks to license data generated from our Inscape technology 0$ SVOD & VMVPD Revenue shared by SVOD and vMVPD services on new user subscriptions activated or reactivated through our platform PVOD & TVOD Revenue shared by PVOD and TVOD services for content purchases Branded Buttons Partnerships with content services for placement on our remotes VIZIO 19 Copyright © 2022. VIZIO, Inc. Confidential information. Do not distribute, reproduce, disclose, transmit in any form or any means, in whole or in part, without prior written permission. All rights reserved. All information, materials, and discussions associated herewith are the intellectual property and proprietary, confidential information of VIZIO, Inc#20Operating Metrics 1 F#21First Quarter 2022 Operating Metrics Active Accounts and Hours in millions SmartCast Active Accounts 13.5 Q1'21 +16% 3,622 SmartCast Hours +14% 15.6 Q1'22 4,116 - Platform+ Total VIZIO Hours 6,951 Q1'21 $14.43 +18% SmartCast ARPU Q1'21 8,208 +64% Q1'22 $23.68 Q1'21 Q1'22 Copyright © 2022. VIZIO, Inc. Confidential information. Do not distribute, reproduce, disclose, transmit in any form or any means, in whole or in part, without prior written permission. All rights reserved. All information, materials, and discussions associated herewith are the intellectual property and proprietary, confidential information of VIZIO, Inc Q1'22 21 VIZIO#22First Quarter 2022 Financial Highlights - Platform+ $ in millions $35 Q1'21 $17 Q1'21 +116% +57% $76 Q1'22 $27 Q1'22 Advertising Net Revenue ● ● First quarter advertising net revenue up 116% Non-advertising Net Revenue ● Strong growth in both video and home screen revenue First quarter non-advertising net revenue up 57% Non-advertising revenue benefited from increased data licensing revenue 22 VIZIO Copyright © 2022. VIZIO, Inc. Confidential information. Do not distribute, reproduce, disclose, transmit in any form or any means, in whole or in part, without prior written permission. All rights reserved. All information, materials, and discussions associated herewith are the intellectual property and proprietary, confidential information of VIZIO, Inc#23First Quarter 2022 Financial Highlights – SmartCast ARPU $25.00 $20.00 $15.00 $10.00 $5.00 $0.00 $7.31 Q4'19 $8.23 Q1'20 $8.82 Q2'20 $10.44 Q3'20 Y/Y% Y/Y $ $12.99 Q4'20 78% $5.68 $14.43 Q1'21 75% $6.20 $16.76 Q2'21 90% $7.94 $19.89 Q3'21 91 $9.45 $21.68 Q4'21 67% $8.69 $23.68 Q1'22 64% $9.25 23 Copyright © 2022. VIZIO, Inc. Confidential information. Do not distribute, reproduce, disclose, transmit in any form or any means, in whole or in part, without prior written permission. All rights reserved. All information, materials, and discussions associated herewith are the intellectual property and proprietary, confidential information of VIZIO, Inc VIZIO#24First Quarter 2022 Financial Highlights - Device Shipments in millions Smart TV Shipments 1.5 Q1'21 10.6% Q1'21 -11% 1.4 Q1'22 -857 bps 2.1% Q1'22 1.1 7.4% 1.2 Device Gross Margin 8.7% 2.0 8.0% 5.1% 1.2 1.6 10.5% 2.1 Q119 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 11.0% 10.7% 2.2 8.0% 1.5 1.1 10.6% 1.4 9.6% 5.1% 1.5 1.9% 1.4 2.1% 01'19 02'19 03'19 0419 01'20 02'20 03'20 04'20 01'21 02¹21 Q3'21 04'21 01'22 24 Copyright © 2022. VIZIO, Inc. Confidential information. Do not distribute, reproduce, disclose, transmit in any form or any means, in whole or in part, without prior written permission. All rights reserved. All information, materials, and discussions associated herewith are the intellectual property and proprietary, confidential information of VIZIO, Inc VIZIO#25Financial Outlook U#26Expected Outlook $ in millions Platform+ Net Revenue Platform+ Gross Profit Adjusted EBITDA Second Quarter 2022 $107 - $111 $66 $69 - $3 - $7 Platform+ • Revenue growth of 66% with gross profit margin of 62% at midpoint of range ● Expected growth in both advertising and non-advertising revenue Device • We expect benefit from improved channel inventories ● Gross margins of low single digits over the coming quarters to drive unit sales and customer acquisition 26 VIZIO Copyright © 2022. VIZIO, Inc. Confidential information. Do not distribute, reproduce, disclose, transmit in any form or any means, in whole or in part, without prior written permission. All rights reserved. All information, materials, and discussions associated herewith are the intellectual property and proprietary, confidential information of VIZIO, Inc#27Reconciliation of Net (Loss) Income to Adjusted EBITDA $ in millions, unaudited Net (loss) income Adjusted to exclude the following: Interest income, net Other income (expense), net Provision for (benefit from) income taxes Depreciation and amortization Share-based compensation Adjusted EBITDA $ $ Three Months Ended March 31, 2022¹ (11) $ (2) 1 17 4 $ 2021 3 10 1 26 40 27 ¹ Subtotals may not add due to rounding. Copyright © 2022. VIZIO, Inc. Confidential information. Do not distribute, reproduce, disclose, transmit in any form or any means, in whole or in part, without prior written permission. All rights reserved. All information, materials, and discussions associated herewith are the intellectual property and proprietary, confidential information of VIZIO, Inc VIZIO#28Key Operational and Financial Metrics We review certain key operational and financial metrics to evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. We regularly review and may adjust our processes for calculating our internal metrics to improve their accuracy. ● ● ● ● Smart TV Shipments. We define Smart TV Shipments as the number of Smart TV units shipped to retailers or direct to consumers in a given period. Smart TV Shipments currently drive the majority of our revenue and provide the foundation for increased adoption of our SmartCast operating system and the growth of our Platform+ revenue. The growth rate between Smart TV units shipped and Device net revenue is not directly correlated because VIZIO's Device net revenue can be impacted by other variables, such as the series and sizes of Smart TVs sold during the period, the introduction of new prod as well as the number of sound bars shipped. SmartCast Active Accounts. We define SmartCast Active Accounts as the number of VIZIO Smart TVs where a user has activated the SmartCast operating system through an internet connection at least once in the past 30 days. We believe that the number of SmartCast Active Accounts is an important metric to measure the size of our engaged user base, the attractiveness and usability of our operating system, and subsequent monetization opportunities to increase our Platform+ net revenue. Total VIZIO Hours. We define Total VIZIO Hours as the aggregate amount of time users spend utilizing our Smart TVs in any capacity. We believe this usage metric is critical to understanding our total potential monetization opportunities. SmartCast Hours. We define SmartCast Hours as the aggregate amount of time viewers engage with our SmartCast platform to stream content or access other applications. This metric reflects the size of the audience engaged with our operating system as well as indicates the growth and awareness of our platform. It is also a measure of the success of our offerings in addressing increased user demand for OTT streaming. Greater user engagement translates into increased revenue opportunities as we earn a significant portion of our Platform+ net revenue through advertising, which is influenced by the amount of time users spend on our platform. SmartCast ARPU. We define SmartCast ARPU as total Platform+ net revenue, less revenue attributable to legacy VIZIO V.I.A. Plus units, during the preceding four quarters divided by the average of (i) the number of SmartCast Active Accounts at the end of the current period; and (ii) the number of SmartCast Active Accounts at the end of the corresponding prior year period. SmartCast ARPU indicates the level at which we are monetizing our SmartCast Active Account user base. Growth in SmartCast ARPU is driven significantly by our ability to add users to our platform and our ability to monetize those users. Device gross profit. We define Device gross profit as Device net revenue less Device cost of goods sold in a given period. Device gross profit is directly influenced by consumer demand, device offerings, and our ability to maintain a cost-efficient supply chain. Platform+ gross profit. We define Platform+ gross profit as Platform+ net revenue less Platform+ cost of goods sold in a given period. As we continue to grow and scale our business, we expect Platform+ gross profit to increase over the long term. 28 Copyright © 2022. VIZIO, Inc. Confidential information. Do not distribute, reproduce, disclose, transmit in any form or any means, in whole or in part, without prior written permission. All rights reserved. All information, materials, and discussions associated herewith are the intellectual property and proprietary, confidential information of VIZIO, Inc VIZIO#29VIZIO Thank You 29