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) and TCL Electronics announced the launch of TCL Roku TV™ models in Australia starting in early November. Available in 55- and 65-inch sizes, these 4K UHD TVs will offer a customizable home screen that integrates live TV, traditional inputs, and streaming channels. The models will support Freeview for free terrestrial channels and will feature access to the Roku Channel Store, including services like Netflix and Disney+. Pricing details will be disclosed by TCL.
Roku, Inc. (NASDAQ: ROKU) announced its third quarter 2022 results and will host a conference call today at 2:00 PM PT to discuss the outcomes. Interested parties can access the live webcast through the Roku investor relations website. Roku continues to lead in streaming technology, connecting users to content while enabling publishers to reach large audiences. The company offers a range of streaming devices and smart home products, enhancing user engagement and advertiser capabilities.
Roku, Inc. (NASDAQ: ROKU) will announce its third quarter 2022 financial results after market close on November 2, 2022. A live conference call will take place at 2:00 p.m. Pacific Time on the same day, which can be accessed via the Roku investor relations website. An archived version will also be available afterwards.
Roku has launched The Roku Channel in Mexico, making it available free of charge to Roku device users starting October 13. This channel includes over 30 Roku Originals and a selection of popular films and TV shows from global and local partners such as Sony and Lionsgate. Roku aims to replicate its U.S. success, where the channel ranks among the top five for engagement. Additionally, the launch introduces a Live TV experience with over 25 channels, enhancing content accessibility and increasing advertising opportunities.
Roku, Inc. (NASDAQ: ROKU) and Walmart (NYSE: WMT) have launched a new suite of affordable smart home products, available in nearly 3,500 Walmart stores starting October 17. This product line includes security cameras, video doorbells, smart lighting, and other devices designed to enhance the smart home experience. Roku aims to integrate these devices with its TV platform, allowing users to access functionality such as live camera feeds while streaming. The smart home products feature advanced security capabilities and are designed for easy consumer connectivity.
Nielsen (NLSN) announced a new partnership with Roku (ROKU) that allows marketers to deduplicate ad campaign reach and frequency across traditional TV, connected TV, desktop, and mobile for the first time. This four-screen measurement will be incorporated into Nielsen Total Ad Ratings and is a key feature of the upcoming Nielsen ONE platform, set to launch in December 2022. The move responds to the increasing shift in advertising investments toward streaming. This enhanced measurement capability aims to deliver a consistent view of audiences across different platforms and improve ad targeting.
Roku, Inc. has launched the Roku Ultra streaming player in Canada, featuring advanced technology like Dolby Vision®, Dolby Atmos®, and a rechargeable remote with hands-free voice control. This device promises lightning-fast performance and best-in-class picture and audio quality. The new Roku OS 11.5 enhances search and discovery, and introduces French-Canadian voice command capabilities. Priced at $129.99, the Roku Ultra is set to provide an exceptional streaming experience for users.
Roku has appointed three senior executives to lead its media, devices, and consumer experience divisions. Charlie Collier will serve as President of Roku Media, while Mustafa Ozgen and Gidon Katz will head Devices and Consumer Experience, respectively. Collier, a media veteran, aims to enhance Roku's advertising and content strategy. Ozgen and Katz bring extensive industry backgrounds, previously holding significant roles in other major companies. These leadership changes are expected to strengthen Roku’s market position amid the ongoing shift towards streaming.
Roku, Inc. (NASDAQ: ROKU) has announced its exclusive AVOD partnership with the Adult Swim Festival, featuring performances from headliners Run The Jewels, Tierra Whack, and Dethklok. The three-part special will stream for free on The Roku Channel starting September 23, 2022. In addition, audiences will gain access to over 120 episodes from popular Adult Swim series including Samurai Jack and Rick and Morty. The Roku Channel aims to enhance viewer engagement with exclusive content, highlighting its strong presence in the streaming market.
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