Roku

Feb
20
2022
By Troy Warren
Roku Reaches 60M Active Users as Total Revenue Misses Expectations

Roku Reaches 60M Active Users as Total Revenue Misses Expectations

Business,
BY J. CLARA CHAN | HollywoodReporter.ComTroy Warren for CNT #BusinessThe company saw a modest increase in streaming hours during Q4, growing from 18 billion hours to 19.5 billion.Roku reached 60.1 million active users in the last quarter of 2021 as total revenue for the company fell below Wall Street expectations at $865.3 million.Streaming hours saw a modest increase between Q3 and Q4, growing from 18 billion hours to 19.5 billion in the latest quarter. In a letter to shareholders, the company attributed slower account growth to supply chain delays caused by the pandemic impacting the U.S. TV market.The slowdown is…
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Jan
09
2022
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By Troy Warren
Roku Platform Chief Scott Rosenberg Stepping Down

Roku Platform Chief Scott Rosenberg Stepping Down

Business, ,
BY  ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT #Business Roku CEO Anthony Wood said Rosenberg was "ready for his next professional challenge." The head of Roku’s lucrative platform business, Scott Rosenberg, will step down later this spring, the company said Friday. In a statement, the company suggested that Rosenberg was leaving for another opportunity. “While Scott remains deeply invested in the company’s success, he’s ready for his next professional challenge and believes this is the right timeframe for him to make a change. I respect and fully support his decision,” said Roku CEO Anthony Wood in a statement. “I look…
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Dec
08
2021
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By Troy Warren
Roku, YouTube Ink New Deal, Bringing YouTube TV Back to Streaming Platform

Roku, YouTube Ink New Deal, Bringing YouTube TV Back to Streaming Platform

Business, Digital, , ,
BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT #Business  #Digital The companies had been in a bitter public dispute since April, and with a deal for the main YouTube app set to expire Thursday. After a bitter, public, months-long dispute, Roku and Google have come to terms on a new multi-year distribution agreement, which covers both YouTube and YouTube TV. The new deal will return the YouTube TV app to Roku’s store, and will keep the main YouTube app from being pulled from the platform (the companies had warned that the app would be pulled from Roku’s store on Dec. 9 if they couldn’t come…
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Nov
06
2021
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By Troy Warren
Roku Hits 56M Active Users as $680M Revenue Meets Expectations

Roku Hits 56M Active Users as $680M Revenue Meets Expectations

Business,
BY J. CLARA CHAN | HollywoodReporter.Com Troy Warren for CNT #Business Total streaming hours amounted to 18 billion — a figure below Roku's Q1 performance. Roku reported a total of 56.4 million active users during its third quarter, a slight increase from the previous quarter, as revenue met expectations at $680 million. Total gross profit for Q3 hit $364 million, topping last quarter’s projections of $320 million. During Q3, streaming hours amounted to 18 billion hours as Roku made up for some of its Q2 losses, when the company reported 17.4 billion streaming hours, a roughly 1 billion-hour decline from Q1’s 18.3…
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Aug
09
2021
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By Troy Warren
Roku to Add 23 Titles From Quibi Library to the Roku Channel

Roku to Add 23 Titles From Quibi Library to the Roku Channel

Digital,
BY J. CLARA CHAN | HollywoodReporter.Com Troy Warren for CNT #Digital Four of the shows will be series that never got the chance to air on Quibi, including two competition shows hosted by Josh Groban and Leslie Jordan. Roku will add 23 more titles from the Quibi library to the Roku Channel this Friday, including the the Emmy-nominated Mapleworth Murders, a spoof of Murder She Wrote starring Paula Pell, J.B. Smoove and John Lutz. Four of the shows will be new series that never aired on Quibi before the shortform video app shuttered in late 2020, including a cleaning competition show hosted by Leslie Jordan, Squeaky Clean, and another competition…
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Aug
05
2021
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By Troy Warren
Roku Reaches 55M Active Users as Total Streaming Hours Fall Behind

Roku Reaches 55M Active Users as Total Streaming Hours Fall Behind

Business, Digital, ,
BY J. CLARA CHAN | HollywoodReporter.Com Troy Warren for CNT #business #digital Streaming hours decreased by 1 billion compared to the previous quarter. Roku added 1.5 million active accounts in the second quarter of this year for a total of 55.1 million active users, according to the company’s latest quarterly earnings, showing a slight decline in growth compared to the pandemic-fueled surge seen last year. Net revenue reached $645 million for the quarter, with profit totaling $338 million. But player gross profit fell into the negatives, costing the company $6.7 million and representing a 180 percent decrease year over year. Total streaming hours…
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Jun
19
2021
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By Troy Warren
Roku CEO On Quibi Acquisition: “To Be Honest We Just Got a Good Deal”

Roku CEO On Quibi Acquisition: “To Be Honest We Just Got a Good Deal”

Digital, Entertainment, Technology, ,
BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT "We are looking for shows that work well with the AVOD business model," Anthony Wood said of the company's future content plans. Roku plans to continue investing in original content, but don’t expect it to compete with Netflix or Disney. “As the scale grows, it just makes sense for us … to do some originals, and to start making some of our own content,” Roku CEO Anthony Wood said Friday. “The reason we do it is quite different than a traditional SVOD service. For those services customers pay a monthly fee, and they have to…
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