Tag Archives: Roku

Roku cuts profitability outlook for 2019

The company’s advertising platform, which has overtaken the company’s hardware sales as the main breadwinner for the firm, saw a 79% increase from $100 million to $179.3 million. Those advertisements run on Roku’s free streaming channels, as well as its main Roku home page. – Daniel Howley, Yahoo Finance » https://ift.tt/2rkDfhI

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Roku shares crater over 19% after analyst predicts the cost of streaming devices is going to ‘zero’

After running up over 330% this year, Roku shares have cooled in September. However, even after this week’s drop, the stock is up nearly 690% from its IPO price of $14 a share. The stock has been one of the most volatile among technology companies this month as the battle in digital streaming continues. – Michael Sheetz, CNBC » https://cnb.cx/31I9bd6

Roku Stretches Lead As #1 Streaming TV Platform in US After Record Q1 Performance: Strategy Analytics

The report, USA Connected TV Device Vendor Market Share Q1 2019, finds that there are now more than 41 million Roku-based devices in use, including Roku media streamers and Roku-based smart TVs, accounting for 15.2% of all media streaming devices. Roku now has a 36% lead over the next major platform, Sony PlayStation, in terms of devices in use. – Business Wire via Yahoo Finance » https://ift.tt/31Urj3Q

Roku has 29.1 million active users (and no profit)

The company has grown to 29.1 million active users, who in the last three months collectively streamed 8.9 billion hours of content. Between device sales and platform fees, Roku pulled in a gross profit of $100.9 million, although that wasn’t enough to cover its operating expenses. Consequently, the company wound up making a loss of $10.7 million, topping the $6.9 million it lost in the same period in 2018. – Daniel Cooper, Engadget » https://engt.co/2Wzxvv1
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