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. has launched a new advertising feature called the Primetime Reach Guarantee, which allows advertisers to reach more TV households during primetime than typical programs on top-five cable networks. This innovative solution aims to enhance the effectiveness of TV streaming ad campaigns, particularly during significant consumer moments.
According to eMarketer, adults in the U.S. have increased their time spent with TV streaming devices by 25% over the past two years. Through this feature, Roku promises to prioritize delivery to unique households, helping brands achieve a household reach that is 15% greater than cable counterparts in a pilot run. Roku also emphasizes its scale as the leading TV streaming platform in the U.S., Canada, and Mexico with 70 million active accounts, positioning itself as a key player in the evolving advertising landscape.
Roku, Inc. (NASDAQ: ROKU) has announced the release date for its first quarter 2023 financial results, set for April 26, 2023, after the market closes. A conference call will follow at 2:00 PM PT on the same day, allowing participants to discuss the financial outcomes. Interested parties can access the live broadcast through the Roku investor relations website, with an archived version available later. Roku is renowned for pioneering streaming technology and offers a range of products including Roku TV models and streaming players. The company continues to expand its streaming services available in the U.S., Canada, Mexico, and the UK.
Roku and Best Buy have formed a first-to-market partnership that includes exclusive in-store availability of Roku-branded TVs and enhanced advertising collaboration. The partnership allows Best Buy to offer first-party data for targeted advertising, optimizing ad performance for brands. Roku Select and Plus Series TVs are available exclusively at Best Buy, while the collaboration promotes a better consumer experience in streaming TV. An activation event at SXSW on March 11-12 will showcase this relationship further. This initiative aims to accelerate growth in the streaming TV sector, targeting advertisers' increasing investments in retail media networks.
Roku, Inc. (NASDAQ: ROKU) has announced significant updates to its operating system, reinforcing its position as the leading smart TV OS in the U.S., Canada, and Mexico, with over 70 million active accounts. The enhancements include new features for Live TV, content discovery, and an upgraded Roku Mobile App. Notable new channel partners joining the Sports experience are CBS Sports, MLB.TV, NBA App, and NBC Sports. Roku Select and Plus Series TVs are now available for purchase at Best Buy. The updates aim to provide users with a more personalized, intuitive streaming experience.
Roku has launched its first Roku-branded Select and Plus Series TVs, now available exclusively at Best Buy. These TVs come in 11 models ranging from 24” to 75”, featuring advanced technologies like QLED, 4K Dolby Vision, and more. Designed to enhance the streaming experience, they include benefits such as automatic brightness adjustments and built-in Roku streaming capabilities. Along with the TVs, Roku also announced a Wireless Soundbar, adding to the audio experience. The company aims to provide an affordable yet high-quality product to its consumers, reinforcing its position as a leading streaming platform.
Roku, Inc. has appointed Dan Jedda as its new Chief Financial Officer, effective May 1, succeeding Steve Loudon who will leave in August. Jedda, previously CFO at Stitch Fix and with a 15-year tenure at Amazon, brings extensive financial experience. CEO Anthony Wood expressed confidence in Jedda's leadership to help achieve positive adjusted EBITDA in 2024, as Roku approaches half of U.S. broadband households. This transition is expected to boost Roku’s growth trajectory as it aims to maintain its position as the top streaming platform in North America.
Roku, Inc. (NASDAQ: ROKU) has been recognized by Fast Company as one of the top 10 most innovative companies in North America for 2023. Roku maintains its position as the leading smart TV operating system and streaming platform, boasting 70 million active accounts and over 85 billion hours streamed in 2022. The company expanded its product range with new devices and features, including Shoppable Ads and Roku-branded TVs set to release in spring 2023. The Roku Channel continues to grow, adding partnerships with Warner Bros. Discovery, enhancing its appeal to users while driving innovations that simplify the streaming experience.
Roku, Inc. (Nasdaq: ROKU) has announced that its Founder & CEO, Anthony Wood, will participate in a fireside chat at the 2023 Morgan Stanley Technology, Media and Telecom Conference on Monday, March 6, at 10:25 AM PT / 1:25 PM ET. The event will be accessible via a live webcast and replay on the Roku investor relations website.
Roku has been a pioneer in streaming, connecting users to their favorite content and providing unique advertising capabilities. The company operates in the U.S. and select international markets, offering streaming players, TV models, and smart home products.
Roku (Nasdaq: ROKU), the leading TV streaming platform, is unveiling its interactive Roku City screensaver at SXSW in collaboration with Best Buy. This pop-up event will take place on March 11-12 in Austin, Texas, featuring a range of experiences including a Best Buy Home Theater Experience, a rooftop diner, and a style shop. According to internal data, 66% of Roku users expressed interest in visiting Roku City. The activation aims to enhance the streaming experience beyond just content consumption, showcasing Roku's innovation in engaging users and advertisers.
Roku, Inc. (NASDAQ: ROKU) reported its fourth quarter and fiscal year 2022 results today. The company continues to enhance its streaming platform, connecting users to their favorite content while enabling publishers to grow their audience. Roku's streaming devices and Smart Home products are available in the U.S. and select international markets. A conference call will occur today at 2:00 PM Pacific Time to discuss the results, accessible via the Roku investor relations website. For further details, the letter to shareholders can be found online.
FAQ
What is the current stock price of Roku (ROKU)?
What is the market cap of Roku (ROKU)?
What does Roku, Inc. do?
How does Roku generate revenue?
What is the Roku OS?
How many households use Roku's streaming platform?
What is the Roku Channel?
Where is Roku headquartered?
Who founded Roku?
Who are some of Roku's investors?
What recent achievements has Roku made?
What are Roku's future aspirations?
