A regular feature at most ad tech panel discussions, Vizio has been a passionate proponent of the notion that OEMs are best placed to use their platforms to drag connected TV (CTV) advertising into the future, while also keeping viewers’ eyes hooked on first screens. Going public just a few months ago, following a failed attempt in 2015, has no doubt steadied this hubris, and this week’s debut set of results show that the platform is indeed where it is at. First, the bad news. Device revenue is down 9% year on year (YoY) to $336 million, while gross profits in the hardware segment are down 20% YoY to $32 million. Diminishing hardware revenues for any tech company are nothing…