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) announced that CFO Steve Louden will present at the Citi 2021 Global TMT West Virtual Conference on January 6, 2021, at 11:00 a.m. PT / 2:00 p.m. ET. A live webcast and replay will be available on Roku's investor relations website. Roku pioneered streaming to the TV, connecting users to content, enabling monetization for publishers, and providing advertisers with engagement tools. Roku products are available in the U.S. and select countries through retail and licensing agreements.
Roku, Inc. (NASDAQ: ROKU) recently announced the election of Laurie Simon Hodrick and Gina Luna to its Board of Directors. Both directors possess extensive financial expertise and will also serve on the Company’s Audit Committee. CEO Anthony Wood expressed confidence that their experience in finance and corporate governance will significantly benefit Roku's operations and customer relations. Hodrick has held various prestigious academic and executive roles, while Luna brings over two decades of experience from JP Morgan Chase and is currently a partner at GP Capital Partners.
Roku, Inc. released new data highlighting a surge in election-related news streaming on its platform following the 2020 U.S. elections. A Harris Poll survey revealed that over 83% of likely voters were streamers, with streaming increasing by 499% compared to 2016. On Election Day, an estimated 12 million viewers streamed news for free, primarily on The Roku Channel. The findings indicate a significant shift from traditional pay TV to streaming, with 45% of voters planning to cut the cord. This trend underscores the changing landscape of news consumption and advertising strategies.
Roku, Inc. (NASDAQ: ROKU) announces its limited-edition Roku SE streaming player, priced at $17, exclusively available at Walmart for Black Friday. This device, ideal for new users and gifting, offers access to hundreds of free channels. Additionally, Roku’s lineup features substantial discounts on popular streaming devices from November 20 to November 30, including a $30 reduction on the Roku Ultra and $20 off the Roku Streaming Stick+. Roku also introduces promotional offers on premium subscriptions through The Roku Channel, with select subscriptions starting at $0.99 for the first two months.
Roku, Inc. (Nasdaq: ROKU) announced that CFO Steve Louden will present at the RBC Capital Markets Global Technology, Internet, Media & Telecom Virtual Conference on November 17, 2020, at 11:40 a.m. PT / 2:40 p.m. ET. A live webcast and replay of the presentation will be accessible on Roku's investor relations website.
Roku has established itself as a leader in streaming technology, connecting users with content and allowing publishers to monetize audiences while providing unique advertising opportunities.
Roku, Inc. (NASDAQ: ROKU) has launched Roku OS 9.4, bringing Apple AirPlay 2 and HomeKit support to select 4K Roku devices, including Roku Ultra and Roku Streambar. This update allows users to stream content from Apple devices and control Roku devices via Siri. Roku OS 9.4 enhances user experience with features like the Live TV Channel Guide and improved audio controls. The Roku Ultra boasts superior streaming quality and Bluetooth support, while the Roku Streambar combines streaming with high-quality audio. Both products are available now at major retailers.
Roku, Inc. (NASDAQ:ROKU) released its third quarter 2020 results, detailing performance metrics in their shareholder letter available on their investor relations website. A conference call to discuss these results is scheduled for today at 2:00 p.m. PT, accessible in listen-only mode through the Roku investor relations platform. Roku continues to lead in streaming services, connecting users to beloved content while offering monetization tools for publishers and unique advertising capabilities.
Roku, Inc. (NASDAQ: ROKU) has announced a favorable verdict in the MV3 Partners LLC vs. Roku Inc. case, confirming that Roku has no liability in this matter. Joe Hollinger, vice president of litigation and intellectual property, expressed satisfaction with the non-infringement ruling, praising the court's efforts. This outcome is significant for Roku as it reinforces its legal standing and protects its business from potential financial repercussions related to intellectual property claims.
Roku (NASDAQ: ROKU) has launched its redesigned streaming devices, the Roku Ultra ($99.99) and Roku Streambar ($129.99), aimed at enhancing users' streaming experiences. The Roku Ultra offers superior performance with improved wireless capabilities and Dolby Vision® and Atmos® support. The Roku Streambar combines streaming and sound enhancement, designed for easy integration with any TV. Both devices will be available for pre-order and ship in October. The company is also providing special content offers for new device purchasers, enhancing the value proposition for customers.
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