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.
Roku, Inc. (NASDAQ: ROKU) has announced the global availability of the Apple Music app on its platform, allowing users to access over 90 million songs and 30,000 curated playlists. The app is compatible with all Roku devices, including streaming players and Roku TVs. Existing Apple Music subscribers can use their credentials to log in and enjoy features like 4K music videos, live radio, and personalized recommendations. A one-month free trial is available for new subscribers, with plans starting at $9.99/month.
Roku, Inc. (NASDAQ: ROKU) has released its first quarter 2022 financial results. Details about the results can be found on the Roku investor relations website. A conference call discussing the results will take place today at 2:00 p.m. PT, accessible in listen-only mode on their website. Roku has established itself as a leader in streaming technology, providing users access to beloved content while enabling publishers to monetize audiences and advertisers to connect with consumers effectively.
Roku, Inc. (NASDAQ: ROKU) announced the launch of a new original series, “Honest Renovations,” hosted by Jessica Alba and Lizzy Mathis. This series aims to provide home renovations for deserving families while discussing parenting challenges. It will consist of eight one-hour episodes and is set to begin production in late 2022. The show aims to enrich Roku's content offering, joining a slate of Roku Originals that have garnered viewer interest. The Roku Channel reached an estimated 80 million U.S. households in Q4 2021, enhancing Roku's market footprint.
Roku, Inc. has introduced a new privacy-first data collaboration platform known as Roku’s clean room, designed specifically for TV streaming. This innovative platform enables advertisers to utilize their encrypted first-party data for planning and measuring advertising campaigns.
With direct connections to Roku’s audience and linear TV data, the clean room ensures privacy while allowing brands to analyze campaign reach and effectiveness. Major media groups like Omnicom and dentsu are already leveraging this technology, enhancing advertising strategies without relying on cookies.
Roku has announced the launch of season one of the comedy series “Children Ruin Everything” on The Roku Channel in the U.S., debuting May 13. The company has also picked up a second season, which will feature 16 episodes, double that of the first season, with production starting in Toronto and Hamilton this Spring. The series, created by Kurt Smeaton, explores the comedic challenges of parenthood. It became CTV's #1 new comedy in Canada during the 2021-22 season, highlighting its popularity.
Roku, Inc. (Nasdaq: ROKU) is set to release its first quarter 2022 financial results after market close on April 28, 2022. A conference call will follow at 2:00 p.m. Pacific Time the same day to discuss the results. The call will be accessible via a live webcast on the Roku investor relations website, with an archived version available post-call. Roku continues to innovate in the streaming market, connecting users with beloved content and facilitating advertiser engagement.
Roku, Inc. has confirmed a multi-year extension of its distribution agreement with Amazon, allowing continued access to Prime Video and IMDb TV apps on Roku devices. Specific terms of the agreement have not been disclosed.
This deal solidifies Roku's position in the streaming market, maintaining critical partnerships with major content providers. Such agreements can enhance user experience and drive engagement on the Roku platform, potentially influencing future revenue growth.
Roku has announced a series order for a new comedy, “SLIP,” created by Zoe Lister-Jones, who will also star and direct. Production starts in April 2022 in Toronto. The seven-episode series will premiere on The Roku Channel in the U.S. and Canada. The show follows Mae Cannon, exploring relationships and parallel universes. Produced in partnership with Boat Rocker and TeaTime Pictures, this marks TeaTime's first TV production. Roku's scripted originals have gained significant traction, reaching an estimated 80 million U.S. households in Q4 2021.
Roku, Inc. (NASDAQ: ROKU) announces the upcoming rollout of Roku OS 11, enhancing the streaming experience with new features. Key updates include Roku Photo Streams for personalized screensavers, automatic speech clarity, and expanded content discovery options. Users can easily share photos and enjoy improved audio settings like sound modes and A/V sync. The update aims to personalize user interactions and support deeper content exploration. Roku OS 11 is set to roll out in the coming weeks.
Roku, Inc. (NASDAQ: ROKU) announced that Founder & CEO Anthony Wood will participate in a fireside chat at the 2022 Morgan Stanley Technology, Media and Telecom Conference on March 4, 2022, at 10:20 a.m. PT / 1:20 p.m. ET. A live webcast and replay will be accessible on Roku's investor relations website, providing insights into the company's strategic direction and performance.
Roku is known for pioneering streaming services and connecting users to diverse content while helping advertisers engage consumers effectively.
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