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) released its first quarter 2021 results today. The company aims to connect users with streaming content while enabling publishers to monetize audiences and offering unique advertising solutions. The quarterly results and future guidance will be discussed in a conference call today at 2:00 p.m. PT, accessible via the Roku investor relations website. Roku continues to expand its streaming player and TV-related audio device offerings in the U.S. and select international markets.
Tribeca Festival announced a partnership with Roku to host Tribeca X on June 18 in New York, marking the first in-person event during the festival's 20th anniversary. Featuring Walmart CEO Doug McMillon and Roku CEO Anthony Wood, the event will focus on the intersection of advertising and entertainment. The day-long program includes panels and discussions aimed at reviving the economy through storytelling. The Tribeca X Award will recognize outstanding brand and filmmaker collaborations, highlighting new technology and ideas in the industry.
Roku, Inc. (Nasdaq: ROKU) will release its first quarter 2021 financial results on May 6, 2021, after market close. A live conference call is scheduled for 2:00 p.m. Pacific Time on the same day, accessible via the Roku investor relations website. An archived version will be available post-call. Roku is known for pioneering TV streaming and offers a variety of streaming devices and services in the U.S. and select countries.
Roku, Inc. (NASDAQ: ROKU) has announced the rebranding of content from its Quibi acquisition to Roku Originals, set to launch on The Roku Channel. This initiative aims to enhance viewer engagement by introducing over 75 Roku Originals, including unreleased series, throughout the year. The Roku Channel, which has seen significant growth with an estimated 63 million U.S. households reached in Q4 2020, will offer diverse, free entertainment options. Further details about the launch will be available in May.
Roku, Inc. (NASDAQ: ROKU) has successfully completed the acquisition of Nielsen Holdings plc's (NYSE: NLSN) Advanced Video Advertising business, which includes key technologies like automatic content recognition and dynamic ad insertion. This strategic move, announced on March 1, 2021, aims to expedite Roku's end-to-end DAI solution for traditional TV. Moreover, a long-term partnership will enhance the integration of Nielsen's measurement products into Roku's platform, further advancing Nielsen ONE, a cross-media measurement solution.
Roku has launched the new Roku Express 4K+ and Roku Voice Remote Pro. The Roku Express 4K+ is priced at $39.99 and offers 4K streaming with enhanced features including a powerful quad-core processor and dual-band Wi-Fi. The Roku Voice Remote Pro, available at $29.99, includes voice control options and a rechargeable battery. Both products will be available online and in retail stores in mid-May. Roku aims to deliver high-quality streaming at affordable prices, enhancing consumer experience with new technology.
Roku (NASDAQ: ROKU) has begun rolling out Roku OS 10, introducing features aimed at enhancing user experience across its devices. Key enhancements include the Instant Resume feature, allowing quicker access to previously watched content, and expanded support for Apple AirPlay 2 and HomeKit across more devices. Roku OS 10 also simplifies setup with automatic Wi-Fi detection and game console configuration. Additional updates like HDR10+ support and a new Virtual Surround setting for audio products enrich the streaming experience. The rollout will continue across all supported devices in the upcoming weeks.
This Old House is partnering with YouthBuild USA to support young people entering skilled trades through its Generation Next program. The initiative highlights two apprentices, Bobbi Jones and Yeren Rivera Cruz, from YouthBuild Boston, who will work alongside professionals for six weeks. The program aims to provide hands-on training, including a visit to the GAF Roofing Academy. This collaboration reflects This Old House's mission to empower youth and build community leadership, addressing the need for skills training among opportunity youth.
Roku, Inc. (Nasdaq: ROKU) has announced the launch of an advertising brand studio designed to create innovative advertising formats and TV programming for marketers. This initiative aims to enhance marketing strategies beyond traditional ads, featuring short-form TV programs and interactive video ads on The Roku Channel. Roku has partnered with industry professionals from Funny Or Die to lead this studio, leveraging data to deliver immersive branded experiences. A recent study indicates that such experiences can boost purchase intent by 4X compared to standard video ads.
Roku has acquired the 'This Old House' business, including its TV programs and digital assets. This move aims to enhance The Roku Channel's ad-supported growth strategy. 'This Old House' and 'Ask This Old House' were top-rated home improvement shows in 2020 and have received 19 Emmy Awards. Roku plans to leverage the brand to expand its audience reach and content offerings. The acquisition aligns with Roku's growth, doubling streaming hours and audience in Q4 2020, and complements its extensive licensing agreements. Financial terms were not disclosed.
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