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VERIZON COMMUNICATIONS

(VZ)
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Verizon Communications : VIZIO and Verizon Media Partner to Advance CTV, Omnichannel Advertising

04/29/2021 | 09:58am EDT

NEW YORK and IRVINE - Verizon Media and VIZIO (NYSE: VZIO), today announced a strategic partnership to deliver new cross-platform and connected TV (CTV) advertising solutions, anchored in unique TV viewership data and premium programmatic inventory access.

Effective immediately, Verizon Media gains demand-side platform (DSP) access to VIZIO's Inscape viewership data from more than 18M opted-in VIZIO Smart TVs. Verizon Media will be the exclusive DSP to access this data beginning in 2022. The alliance will enable expanded CTV targeting, optimization, and measurement opportunities for Verizon Media's DSP advertisers, independent of cookies. While VIZIO remains the exclusive seller of its guaranteed inventory and data licensing, the agreement now also makes Verizon Media its preferred supply-side platform (SSP) for programmatic ad monetization.

'The evolving TV landscape creates unique opportunities and challenges for our customers. To meet and exceed the needs for growth in this area, we continue to strengthen our unified ad stack, which is an end-to-end, integrated ecosystem that delivers sustainable Identity, access to premium inventory and data, and the tools that drive performance and efficiency,' said Iván Markman, Chief Business Officer, Verizon Media. 'This partnership with VIZIO illustrates the deep and meaningful integrations we can forge, and reflects our commitment to leading in the CTV space. Together, we're empowering our advertisers with exclusive data from the industry's top hardware and software provider, and strengthening our solutions for publishers.'

The deal also strengthens VIZIO's cross platform ad retargeting product, Household Connect. Through Verizon Media's unified ad platform, VIZIO can now offer audience extension campaigns to its advertisers that are fueled by Verizon Media's unique omnichannel marketplace and diverse cross-device Identity Graph, matched with near real-time Inscape ACR data. Verizon Media's consent-based Identity Graph is fueled by 200 billion daily cross-screen signals derived from direct consumer relationships across Verizon Media. Combining Verizon Media's Identity Graph with Inscape, VIZIO's leading TV data set, enables advertisers to intelligently optimize ad delivery to consumers in the home and on the go. Using this, advertisers can extend the reach and frequency of their VIZIO CTV campaigns while reinforcing brand messaging in an omnichannel manner.

'VIZIO has built a CTV advertising ecosystem centered around premium partnerships and our direct-to-device offering,' said Mike O'Donnell, Chief Revenue Officer, Platform+ at VIZIO. 'Our relationship with Verizon Media will enable us to expand our reach, bridge the gap between TV and mobile, and create more impactful and actionable premium advertising experiences across platforms.'

Together, VIZIO and Verizon Media will have joint transparency into demand from advertisers, the ability to maximize performance, and access unique insights to drive targeting, incremental reach, optimization, and measurement across platforms. This partnership marks the beginning of a long-term collaboration focused on innovation and next-generation capabilities, including initiatives around immersive and co-watching viewing experiences, interactive cross-platform campaigns, new ad formats, commerce, and AVOD content library development.

Disclaimer

Verizon Communications Inc. published this content on 29 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2021 13:57:01 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2021 135 B - -
Net income 2021 21 816 M - -
Net Debt 2021 144 B - -
P/E ratio 2021 10,3x
Yield 2021 4,67%
Capitalization 225 B 225 B -
EV / Sales 2021 2,73x
EV / Sales 2022 2,68x
Nbr of Employees 132 200
Free-Float 96,5%
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Hans Erik Vestberg Chairman & Chief Executive Officer
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Kyle J. Malady Chief Technology Officer & Executive VP
Shankar Arumugavelu Global Chief Information Officer
Craig Silliman Chief Administrative & Legal Officer, Executive VP
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