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) is set to release its fourth quarter and fiscal year 2020 financial results after market close on February 18, 2021. The company will host a live webcast at 2:00 p.m. Pacific Time to discuss these results, accessible via the Roku investor relations website. Archived webcasts will be available post-call.
Roku and Philco announce a partnership to launch affordable Philco Roku TV models in Brazil. The lineup includes 32-inch, 42-inch, 50-inch, and 58-inch sizes, with the 50-inch 4K Ultra HD model currently available online for R$ 3,399. The TVs run on the latest Roku operating system, providing access to over 100,000 movies and TV episodes. Features include Dolby Audio, 4K with HDR options, Roku Search, and compatibility with Apple AirPlay 2. The partnership aims to enhance Roku's presence in the Brazilian market by offering high-definition streaming at an affordable price.
Roku, Inc. (NASDAQ: ROKU) has secured exclusive global distribution rights to stream over 75 premium shows and documentaries from Quibi. This content will be available for free on The Roku Channel in 2021, supported by ads. The acquisition includes Emmy-winning series and various programs featuring stars like Idris Elba and Kevin Hart. Roku's audience reached approximately 61.8 million households in Q4 2020, with significant growth in streaming hours. The deal aims to attract the coveted 18-35 demographic and enhance Roku's existing lineup of over 40,000 free titles.
Roku, Inc. (Nasdaq: ROKU) announced its position as the No. 1 smart TV OS in the U.S. and Canada, holding 38% and 31% market shares respectively for 2020. The company highlighted its successful Roku TV models, which offer a range of sizes and features, facilitating easy access to streaming channels. Roku also introduced a new wireless soundbar reference design for consumer electronics brands, enhancing the Roku TV ecosystem. Upcoming launches include Element's Roku TV Ready Soundbars. Roku aims to expand this program internationally, reinforcing its market presence.
Roku Inc. (NASDAQ: ROKU) announced significant growth, reporting 51.2 million active accounts by Q4 2020, up 14 million from the previous year. The company also recorded an estimated 17 billion streaming hours in Q4, totaling 58.7 billion for the year—a 55% year-over-year increase. As U.S. households increasingly cut traditional pay TV, Roku positions itself as a leader in the streaming market, with predictions that less than half of U.S. households will subscribe to pay TV by 2024. The final financial results are expected in February.
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.
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