Roku

Valuation $1B

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.
Funding Rounds 11
Number of Lead Investors 5
Total Funding Amount  $212.01 million dollars
Number of Investors 14

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