About Roku
Roku develops video streaming devices that provide users access to Internet-streamed video or audio services.
Headquarters
Roku, Los Gatos
Founded
2002-10-01
Industry
Advertising, Advertising Platforms, Consumer Electronics, Digital Entertainment, Digital Media, Hardware, Media and Entertainment, Software, Video Streaming
Last Funding Type
Series H
Valuation
1
Total Funding
$212.01 million dollars
IPO Status
Public
Financial
Roku reported a growth in streaming and platform revenue in Q1 2024 and beat Q1 sales targets. The company also saw a 56% increase in stock value over the last three months following Q4 results. Additionally, Roku hit 80 million active accounts, although the revenue per user fell. The company experienced a solid rebound in video advertising and reported double-digit platform revenue growth and positive free cash flow in 2023.
Roku is advancing in media streaming technology, focusing on enhancing user interaction and content delivery. They are developing systems for speaker identification to control media players, optimizing network connections for media devices, and demographic classification based on media content data. Additionally, Roku is working on secure configuration of media playback devices and methods for transferring streaming media playback between devices. These efforts aim to improve user experience and device functionality in streaming environments.
Roku has secured exclusive multiyear rights for MLB's Sunday Leadoff live games, previously held by NBCUniversal's Peacock. Additionally, Roku's latest update has turned on motion smoothing settings on some TCL and Hisense TVs, causing user dissatisfaction as there is no way to turn it off. Roku also unveiled the Roku Exchange, a direct path between its ad supply and programmatic demand.
Roku is advancing in media streaming technology, focusing on enhancing user interaction and content delivery. They are developing systems for speaker identification to control media players, optimizing network connections for media devices, and demographic classification based on media content data. Additionally, Roku is working on secure configuration of media playback devices and methods for transferring streaming media playback between devices. These efforts aim to improve user experience and device functionality in streaming environments.
Roku has secured exclusive multiyear rights for MLB's Sunday Leadoff live games, previously held by NBCUniversal's Peacock. Additionally, Roku's latest update has turned on motion smoothing settings on some TCL and Hisense TVs, causing user dissatisfaction as there is no way to turn it off. Roku also unveiled the Roku Exchange, a direct path between its ad supply and programmatic demand.
Funding Rounds
11
Number of Lead Investors
5
Total Funding Amount
$212.01 million dollars
Number of Investors
14