Latest in Roku

Roku issued research Wednesday that forecasts TV viewing via streaming will exceed pay-TV viewing by 2024, but the company’s stock dropped sharply after Facebook and Comcast made streaming news. The New Generation of Cord-Cutters, a study done for Roku by Macro Consulting that draws from both Roku-using and…

The Roku Channel, a two-year-old aggregator of 35 free, live channels and 40 subscription services, has become the latest streaming entity to offer a dedicated selection of kids and family content. The move comes on the heels of Roku’s report of strong financial and operating results in the second quarter. The…

Roku shares jumped in after-hours trading Wednesday, adding to their already surging value, after the streaming specialist reported another stellar quarter of growth. In its fiscal second quarter ending June 30, Roku said it lost 8 cents a share on a diluted basis, compared with a break-even quarter in 2018. But the…

Roku's streaming TV platform accounted for more than 30% of U.S. sales of connected-TV devices in the first quarter, and its lead over the No. 2 provider, Sony PlayStation, will reach 70% by the end of 2019. Those are among the findings in a new report from research firm Strategy Analytics. The report counted more…

Roku’s stock price jumped 28% Thursday to close at a record of $83.17, a day after the company reported stellar results for the first quarter. The streaming specialist, which went public in the fall of 2017, posted stronger-than-expected revenue on Wednesday as well as sharp increases in streaming time and active…

Roku, a key enabler of the streaming revolution, reported strong first-quarter results that sent its stock surging in after-hours trading. Revenue of $206.7 million handily beat Wall Street forecasts of $192 million. On an adjusted basis, EBITDA swung to $10 million from a loss of $800,000 in the year-ago…

UPDATED with closing prices. In the wake of Apple’s much-ballyhooed, two-hour live unveiling of its new video, credit-card, gaming and news publishing offerings, shares in the iPhone maker declined nearly 2% to close at $187.61. Apple shares lost about 1% during the course of the two-hour presentation, which had solid…

Apple’s hotly anticipated entry into video streaming, which is it likely to unveil March 25, will ramp quickly and could rack up 100 million subscribers in just five years, according to a forecast from Wedbush Securities analyst Daniel Ives. In a note to clients, the analyst said the company has some ground to make up…

Roku continued its recent momentum by reporting fourth-quarter results that beat Wall Street expectations and validated its recent strategic shifts. Earnings per share came in at 5 cents, which was a dip from 6 cents in the year-earlier quarter, but well ahead of analysts’ consensus forecast for 3 cents. Total revenue…

Following through on plans announced earlier this month, Roku has officially added premium subscription access to Showtime, Starz and Epix via the Roku Channel. The channel is up and running on iOS; Android devices will get it in mid-February. Anyone signing up for the premium networks before March 31 will get a…

UPDATED to reflect Roku’s decision to pull InfoWars, 5:30 PM: Roku said it is removing Alex Jones’ InfoWars channel from the Roku Channel Store following online backlash. Months after being banned by Facebook, YouTube, Spotify and other major Internet platforms, InfoWars found new online distribution through the Roku…

Roku said its active accounts now exceed 27 million, representing 40% year over year growth. The company, which makes streaming players and licenses its technology to television manufacturers, said usage also rose dramatically over the holiday quarter. Users logged 7.3 billion hours in the quarter, up about 68%…