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Roku, Inc. - ROKU STOCK NEWS

Welcome to our dedicated page for Roku news (Ticker: ROKU), a resource for investors and traders seeking the latest updates and insights on Roku stock.

Roku, Inc. Class A Common Stock (symbol: ROKU) is a pioneering company in the realm of television streaming. Founded by Anthony Wood, the inventor of the DVR, Roku has established itself as a significant player in the streaming industry, enabling consumers to access a wide array of television programming through its innovative platform.

At the core of Roku's offerings is the Roku OS, a proprietary operating system built from the ground up to deliver a superior user experience. This OS powers not only Roku's own streaming devices and televisions but also connected televisions from other manufacturers that license Roku's software. This widespread adoption has made Roku the top streaming operating system in the United States, reaching more than half of broadband households.

With over 80 million streaming households and more than 100 billion streaming hours provided in 2023 alone, Roku's influence in the streaming world is substantial. The company's revenue model is multifaceted, encompassing sales of Roku streaming players, licensing deals with TV OEMs and pay TV operators, and a robust advertising platform. The Roku Channel, a free ad-supported streaming service, further adds to their portfolio by offering a mix of on-demand and live television programming.

Roku's commitment to delivering an exceptional user experience is evident in their continuous investment in top-tier talent across various domains such as advertising, billing, data, mobile, marketing, TV, and software development. Headquartered in Saratoga, California, the company is backed by prestigious investors including Fidelity, 21st Century Fox, Hearst, and Sky.

Recent news highlights Roku's ongoing efforts and developments in the streaming industry. Recent collaborations and technological advancements continue to bolster their market position and expand their user base, solidifying their vision of a future where all television is streamed through software-based operating systems.

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Roku (NASDAQ: ROKU) announced a partnership with NBCUniversal Local to stream several NBC local news channels on The Roku Channel. This marks the first time local news from major U.S. markets, including New York, Los Angeles, and Chicago, will be available on the platform. The partnership aims to enhance Roku's live TV offerings, catering to the growing demand for local news among streaming audiences. Additional NBC local news channels are expected to be added soon.

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Roku's second season of Chrissy's Court has achieved record-breaking viewership, surpassing prior unscripted Roku Originals during its opening weekend on The Roku Channel. The premiere attracted over 4x the unique views compared to its first season. Chrissy's Court has become the number one unscripted Roku Original series launch and achieved the top spot in video-on-demand programming. The series will return for a third season on October 21, 2022.

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Walmart and Roku have partnered to create a unique shopping experience through TV streaming, allowing viewers to purchase products directly from ads on Roku's platform. The collaboration aims to enhance consumer interaction by enabling immediate purchases at the moment of inspiration, bypassing traditional shopping methods. Utilizing Roku Pay, the checkout process is simplified, with payment details pre-populated. This initiative positions Walmart as a pioneer in integrating e-commerce with TV streaming, promising to evolve as more commerce opportunities are explored.

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Roku, Inc. (Nasdaq: ROKU) announces the launch of a docuseries titled The Lesbian Bar Project, highlighting the dwindling number of Lesbian bars in the U.S. With only 21 remaining, the three-part series will stream for free on The Roku Channel in October 2022. Directed by Erica Rose and Elina Street, and hosted by Lea DeLaria, it tells the stories of bar owners and patrons from Houston, Phoenix, and Chicago. Roku's streaming hours for docuseries content have grown significantly, making this collaboration with Mast-Jägermeister US a strategic fit.

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Roku has launched Espacio Latino, a new section on The Roku Channel dedicated to Spanish-language content for U.S. audiences. This initiative aims to cater to the significant demand for free Spanish programming, with nearly 70% of Spanish-speaking households accessing The Roku Channel without pay TV. Espacio Latino features thousands of hours of movies and TV shows, including exclusive originals like Natural Born Narco, debuting on July 8, 2022. Key partnerships with NBCUniversal Telemundo and others enhance content offerings, making it a robust option for viewers.

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This Old House will air a tribute special titled The House That Norm Built on October 3rd at 9pm ET on PBS and The Roku Channel, honoring Master Carpenter Norm Abram, who is retiring after over 40 years. The one-hour special will feature classic moments, interviews, and memories celebrating Abram's significant impact on home improvement television. Since its premiere in 1979, This Old House has received 117 Emmy nominations and 20 wins, with a Lifetime Achievement Award scheduled on June 18.

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Roku, Inc. (NASDAQ: ROKU) has launched its most powerful streaming player, the Roku Ultra, now bundled with the Roku Voice Remote Pro, priced at just $99.99. Available in mid-May, the Roku Ultra features a fast interface, Dolby Vision, Dolby Atmos, and HDR10+ compatibility. The remote adds hands-free voice control, a rechargeable battery, and a lost remote finder. The update enhances user experience while maintaining affordability, ensuring high performance is accessible.

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Roku, Inc. (Nasdaq: ROKU) announced that CFO Steve Louden will present at the 17th Annual Needham Technology & Media Conference on May 16, 2022. The presentation is scheduled for 1:30 p.m. Eastern Time / 10:30 a.m. Pacific Time and will feature a fireside conversation format. Investors can access a live webcast and replay via Roku’s Investor Relations site at https://www.roku.com/investor. Roku is a leader in streaming technology, connecting users to their favorite content and enabling content publishers to monetize audiences.

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Roku and Warner Bros. Discovery announced the launch of discovery+ as a Premium Subscription on The Roku Channel in the U.S.. Users can choose between an ad-free subscription for $6.99 or an ad-supported version for $4.99. discovery+ offers a vast library of over 70,000 episodes from popular networks like HGTV, Food Network, and Animal Planet, along with exclusive content. The Roku Channel now features over 80,000 movies and programs, simplifying user access and subscription management.

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Roku hosted its inaugural IAB NewFront at Chelsea Factory in NYC, highlighting its position as the leading TV streaming platform with 61.3 million active accounts. The event unveiled new advertising solutions across The Roku Channel and OneView, aimed at enhancing marketer experiences in TV streaming. Key announcements included new shoppable ads integrated with Roku Pay, a partnership with Microsoft for audience insights, and a diverse range of Roku Originals. Roku emphasizes innovation to drive ad dollars toward TV streaming.

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FAQ

What is the current stock price of Roku (ROKU)?

The current stock price of Roku (ROKU) is $69.2 as of November 22, 2024.

What is the market cap of Roku (ROKU)?

The market cap of Roku (ROKU) is approximately 10.1B.

What does Roku, Inc. do?

Roku, Inc. develops a streaming platform that enables consumers to stream television programming through its proprietary Roku OS.

How does Roku generate revenue?

Roku generates revenue from selling streaming devices, licensing its OS to TV OEMs and pay TV operators, and through advertising and subscription fees from streaming platforms.

What is the Roku OS?

The Roku OS is a proprietary operating system built by Roku to deliver a best-in-class user experience for streaming devices and televisions.

How many households use Roku's streaming platform?

Roku's streaming platform is used by over 80 million streaming households.

What is the Roku Channel?

The Roku Channel is a free ad-supported streaming service offered by Roku that provides a mix of on-demand and live television programming.

Where is Roku headquartered?

Roku is headquartered in Saratoga, California.

Who founded Roku?

Roku was founded by Anthony Wood, the inventor of the DVR.

Who are some of Roku's investors?

Roku is backed by top-tier investors including Fidelity, 21st Century Fox, Hearst, and Sky.

What recent achievements has Roku made?

Roku has continued to innovate in the streaming industry, expanding its user base and enhancing its streaming platform features.

What are Roku's future aspirations?

Roku aspires to power every TV in the world, with a vision that all television will be streamed through software-based operating systems.

Roku, Inc.

Nasdaq:ROKU

ROKU Rankings

ROKU Stock Data

10.08B
127.06M
0.59%
83.63%
6.15%
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