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Roku, Inc. - ROKU STOCK NEWS

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.

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Roku, Inc. (NASDAQ: ROKU) has unveiled two new products: the Roku Express and Roku Wireless Bass, aimed at enhancing the streaming experience while maintaining affordability. The Roku Express now features dual-band Wi-Fi and increased storage for improved streaming performance. The Roku Wireless Bass offers powerful audio to complement Roku's existing sound devices. Both products are set for pre-sale with the Express priced at $29.99 from mid-October and the Wireless Bass at $129.99 from November 7. Additionally, Roku introduces new platform features with the OS 11.5 update.

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Roku, Inc. announced enhancements to its operating system, Roku OS, including new features to improve content discovery and user experience. Key updates include The Buzz for enhanced entertainment discovery, a Continue Watching feature for seamless streaming, and an expanded Save List for users to bookmark content. Other improvements involve updates to Bluetooth Private Listening and navigation enhancements through Roku Voice.

Roku is also introducing new products like the Roku Wireless Bass and 2022 Roku Express at competitive prices.

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Roku has launched a new certified partner program aimed at helping small and medium-sized businesses (SMBs) enhance their TV streaming advertising efforts. Camelot Strategic Marketing is the first agency to join this initiative, utilizing Roku's OneView platform to optimize advertising strategies. With 47% of SMBs planning to increase their TV streaming ad spend over the next year, the partnership offers essential tools for growth. Roku boasts over 63 million active accounts and aims to provide businesses with innovative advertising options. Camelot is recognized for its operational excellence in leveraging OneView.

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Roku, Inc. (NASDAQ: ROKU) is set to exclusively launch ‘The Rich Eisen Show’ on The Roku Channel starting September 12. This Emmy-nominated sports talk show will be available live on weekdays from 12:00-3:00 PM ET and will also feature prior episodes. Roku aims to expand its sports streaming offerings, as sports content is increasingly valuable for audiences. With over 80,000 free movies and programs, The Roku Channel continues to enhance its diverse content lineup.

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Roku, Inc. (Nasdaq: ROKU) has launched the second season of its popular show, Roku Recommends, today. The new season features celebrity hosts Maria Menounos and NFL star Andrew Hawkins, with a focus on helping viewers discover new shows using exclusive Roku data. The first season ranked as a top-10 video-on-demand program. Advertisers can engage audiences through custom segments and brand integrations. New episodes will stream for free every Thursday and partnerships with brands like The Weather Channel and ViX+ are now included.

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Roku has launched Roku TV in Germany, partnering with Metz and TCL as the first manufacturers. Following previous entry into the market with streaming devices, this move enhances Roku's commitment to German consumers. From October, Roku TV models will be available in sizes from 32” to 65” across HD, 4K, and 4K QLED options. The Roku TV platform simplifies user experience by integrating traditional TV and streaming services. Additionally, licensed partners benefit from Roku managing software updates and user experience enhancements.

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Roku, Inc. (NASDAQ: ROKU), announces the expansion of its Roku TV offerings in Mexico, adding three new brands: Aiwa, Daewoo, and Sansui. This brings the total to 12 brands available in the country. Aiwa will launch 32” and 40” models, while Daewoo will offer three sizes ranging from 32” to 50”. Sansui introduces a range of models including a 55" UHD 4K TV. These TVs come equipped with Roku OS, allowing access to various streaming services and advanced features like HDR and Dolby Vision. Availability begins in August 2022 at major retailers.

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Roku announced the launch of Paramount+ as a Premium Subscription within The Roku Channel, enhancing content access for users. Available plans include an ad-supported Essential Plan at $4.99 monthly and an ad-free Premium Plan at $9.99 monthly. This partnership enables access to live sports, news, and a range of entertainment content. Roku's Premium Subscriptions simplify user experience with a unified interface and a dedicated Live TV Guide for Paramount+ live content, marking a significant addition to the channel.

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Roku, Inc. (NASDAQ: ROKU) announced its second-quarter 2022 results, with details available on the Roku investor relations website. A conference call discussing the results is scheduled for 2:00 p.m. Pacific Time today. Roku continues to lead in streaming technology, connecting users with streaming content and enabling publishers to monetize audiences. Roku streaming players and TV-related audio devices are sold in the U.S. and select countries, while Roku TV™ models are offered through licensing with TV OEMs.

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Roku, Inc. (Nasdaq: ROKU) announced its plans to release second quarter 2022 financial results after the market closes on July 28, 2022. A conference call detailing these results will be held at 2:00 p.m. Pacific Time on the same day. Participants can access the live webcast through the Roku investor relations website, and an archived version will be available post-call. Roku continues its mission to connect users with streaming content and support content publishers and advertisers through its innovative platform.

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FAQ

What is the current stock price of Roku (ROKU)?

The current stock price of Roku (ROKU) is $69.2 as of November 22, 2024.

What is the market cap of Roku (ROKU)?

The market cap of Roku (ROKU) is approximately 10.1B.

What does Roku, Inc. do?

Roku, Inc. develops a streaming platform that enables consumers to stream television programming through its proprietary Roku OS.

How does Roku generate revenue?

Roku generates revenue from selling streaming devices, licensing its OS to TV OEMs and pay TV operators, and through advertising and subscription fees from streaming platforms.

What is the Roku OS?

The Roku OS is a proprietary operating system built by Roku to deliver a best-in-class user experience for streaming devices and televisions.

How many households use Roku's streaming platform?

Roku's streaming platform is used by over 80 million streaming households.

What is the Roku Channel?

The Roku Channel is a free ad-supported streaming service offered by Roku that provides a mix of on-demand and live television programming.

Where is Roku headquartered?

Roku is headquartered in Saratoga, California.

Who founded Roku?

Roku was founded by Anthony Wood, the inventor of the DVR.

Who are some of Roku's investors?

Roku is backed by top-tier investors including Fidelity, 21st Century Fox, Hearst, and Sky.

What recent achievements has Roku made?

Roku has continued to innovate in the streaming industry, expanding its user base and enhancing its streaming platform features.

What are Roku's future aspirations?

Roku aspires to power every TV in the world, with a vision that all television will be streamed through software-based operating systems.

Roku, Inc.

Nasdaq:ROKU

ROKU Rankings

ROKU Stock Data

10.08B
127.06M
0.59%
83.63%
6.15%
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