Latest in Roku

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…

The creep of coronavirus in the U.S and abroad this week has given new primacy to the concept of stay-at-home stocks as media investors — like filmmakers, studio executives and theater owners — attempt to weigh whether the world outside China is on the brink of a massive upheaval, or not. One analyst thinks either…

Roku, a pioneer of streaming to the TV, said it's keeping a close eye on its manufacturing supply chain in China where the coronavirus could impact how quickly it can replenish its product. Speaking at the Morgan Stanley Technology, Media & Telecom conference in San Francisco, outgoing CFO Steve Louden said the…

Roku CEO Anthony Wood said the company is “essential” to the rollout of any major streaming service and said it was “an important part” of Disney racking up 26.5 million subscribers just six weeks after it launched. The top exec, who founded the streaming specialist, said the Disney+ launch is “an important sign that…

Roku beat Wall Street estimates for the fourth quarter, hitting new highs in active accounts and revenue per user, though an acquisition in the period created a loss of 13 cents per share. Total revenue hit $411.2 million, well ahead of the consensus estimate of $391.6 million and up 49% over the same quarter in 2018…

Roku Inc. and Fox Corp. reached a distribution deal late Friday, avoiding a blackout that would have seen the service’s users deprived of the Super Bowl. "We are pleased to have reached a successful agreement with Roku,” said a Fox statement. “FOX's leading suite of apps will continue to be available on the Roku…

Investors in media stocks can be forgiven for believing they have been living in End Times. For the past few years, the tech sector dominated the headlines, and was also where the biggest returns lay (unless, of course, you happened to have bet the farm on Uber or Lyft). The widely used acronym FAANG (Facebook, Apple…

Roku, which has evolved beyond streaming boxes and dongles to become a force in streaming advertising, has acquired ad-tech firm Dataxu for $150 million in cash and stock. The deal is expected to close during the fourth quarter. Roku executives will detail their plans for integrating Dataxu’s demand-side buying and…

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…