June 25, 2018 4:42 AM ET

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Company Overview of Roku, Inc.

Company Overview

Roku, Inc. operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts. It also provides advertising products, including videos ads, interactive video ads, audience development promotions, and brand sponsorships; and manufactures, sells, and licenses TVs under the Roku TV name. In addition, the company offers streaming media players and accessories under the Roku brand that allow users to access its TV streaming platform; and sells branded ...

150 Winchester Circle

Los Gatos, CA 95032

United States

Founded in 2002

817 Employees

Phone:

408-556-9040

Fax:

408-446-2427

Key Executives for Roku, Inc.

General Manager of Roku TV & Players
Age: 57
Total Annual Compensation: $488.5K
Compensation as of Fiscal Year 2016.

Roku, Inc. Key Developments

Acorn TV Expands into Latin America with Roku

Acorn TV is now available in twelve Latin American countries through Roku® streaming devices. The Latin America launch includes Argentina, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, and Peru. Consumers can now subscribe to Acorn TV via their Roku streaming player as well as via acorn.tv. The programs will be in English-language with Spanish subtitles available. At launch, Acorn TV in Latin America will feature the first season of smash hit British dramedy Doc Martin; one of BBC's top dramas with Line of Duty, Series 1-2; among many other series. Acorn TV will add new programs regularly.

Roku Inc. Elects Mai Fyfield to Board of Directors

Roku Inc. announced that stockholders at the company’s annual meeting elected Mai Fyfield to the company’s board of directors, effective immediately. Mai Fyfield has been Chief Strategy Officer and Chief Commercial Officer of Sky Group since 2015. Fyfield, who will also serve on the board's audit committee, will have a three-year term on the board of directors.

Roku, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Earnings Outlook for Second Quarter and Full Year 2018

Roku, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total net revenue was $136,576,000 against $100,093,000 a year ago. Loss from operations was $6,902,000 against $7,835,000 a year ago. Loss before income taxes was $6,505,000 against $8,654,000 a year ago. Net loss attributable to common stockholders was $6,634,000 against $8,702,000 a year ago. Net loss per share attributable to common stockholders basic and diluted was $0.07 against $1.79 a year ago. Net cash used in operating activities was $14,637,000 against net cash provided by operating activities of $26,239,000 a year ago. Purchase of property and equipment was $3,407,000 against $1,560,000 a year ago. Negative Adjusted EBITDA was $817,000 against $4,413,000 a year ago. Revenue came in above outlook range with strong platform growth reflecting the continued strength of account monetization. OpEx came in lower than expected at $70 million, which helped adjusted EBITDA come in well ahead of outlook at a loss of $0.8 million in first quarter, better than a loss of $4.4 million in first quarter last year. Provides earnings outlook for the back half of the year 2018. The company expects normal revenue seasonality on the top line to continue with roughly 23% of full year revenue in Third quarter and 37% of total revenue in fourth quarter 2018. Adjusted EBITDA is expected to dip back down from first quarter to a loss of $7 million to $12 million. For the second quarter Total net revenue to be between $135 million to $145 million. Net loss to be between $19 million to $14 million. Negative Adjusted EBITDA to be between $12 million to $7 million. For the full year 2018 total net revenue to be between $685 million to $705 million. Net loss to be between $40 million to $25 million. Negative Adjusted EBITDA to be between $10 million to Adjusted EBITDA $5 million.

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