Latest in Roku

Roku smashed Wall Street analysts’ consensus estimate for revenue in the second quarter, reporting a jump of 42% from a year ago to $356.1 million. Analysts had expected $315.4 million. The company now has 43 million active accounts, a rise of 41% over the same period in 2019. The Roku Channel, a key part of the…

Roku has established its position as a “strong gatekeeper” in streaming, poised to benefit from an influx in advertising, but it is also a small fish swimming in the vast ocean controlled by major tech firms. That’s the mixed signal from MoffettNathanson analysts Michael Nathanson, who initiated coverage of Roku with…

Further solidifying Peloton’s position in the media landscape, its subscription streaming app has become available via Roku in more than 40 million U.S. households. The news of the app deal helped push Roku’s stock up 10% Wednesday to a closing price of $128.39. Peloton shares, which went public in a high-profile IPO…

Roku made its case to advertisers in its first NewFronts presentation Monday, offering guarantees and flexible options to those looking to leverage its streaming platform. Now reaching more than 40 million U.S. homes, Roku has made a deft transition from its initial focus on hardware to a business today that is more…

Roku has added a live, on-screen program guide to its free, ad-supported Roku Channel, enabling it to more closely emulate the experience of watching linear TV. In addition to the guide, Roku is adding more than 30 new channels to the existing lineup of 100-plus viewing options that can be accessed via the Roku…

Disney is starting to recover from COVID-19, but it won’t be able to “jam people on pricing” at its theme parks anytime soon, hurting revenue, and may opt to “kill” the theatrical run of Mulan, according to Wall Street analyst Michael Nathanson. The MoffettNathanson partner joined colleagues Craig Moffett and Nick Del…

Roku has added CoComelon, the world’s most watched YouTube channel, to its fast-growing Roku Channel. The streaming deal with Treasure Studio takes CoComelon beyond YouTube for the first time. The brand delivers songs and videos that help preschoolers learn basics like letters, numbers, animal sounds and colors. It is…

The IAB has revealed details for the virtual NewFront presentations in June, adding newer presenters like TikTok, Roku, Facebook and Snap Inc. to a roster full of mainstays like Hulu and YouTube. The NewFronts, usually a splashy New York affair that leads up to the traditional TV upfronts in May, will be held this…

Roku delivered strong results in the first quarter, with the onset of COVID-19 propelling an 80% rise in total streaming hours in April as linear TV viewing in younger demos showed declines. Total revenue rose 55% from the year-earlier quarter to reach $320.8 million, ahead of Wall Street analysts’ estimates. The…

Roku became the latest company to withdraw its 2020 financial guidance due to economic uncertainty but affirmed its first quarter numbers and gave a sneak peek at some fast-growing metrics ahead of its earnings call scheduled for May. The company estimates it had 39.8 million active accounts as of March 31, a net…

Fox Corp. jumped into the direct-to-consumer arena, announcing an anticipated deal to acquire Tubi – a leader in the fast-growing free ad-supported streaming category – for about $440 million in net cash consideration. Fox said the deal  underscores its “long-term strategic initiatives to broaden and enhance…

Roku jumped in Thursday to cancel its live presentation to advertisers, following Twitter and YouTube earlier in the week. These companies are part of the NewFronts, which are organized by the IAB. The organization recommended yesterday that presentations all migrate to virtual only and is coming up with a suite of…