Tag Archives: Roku

Roku, Inc. (ROKU) shares tumble lower in Thursday’s after-hours trading as its average revenue per user dropped by 4% year-over-year in the fourth quarter. The TV and streaming company managed to beat revenue estimates and reach 80 million active user accounts in the last quarter. Yahoo Finance Entertainment Reporter Alexandra Canal breaks down the earnings report and key figures moving the stock. For more expert insight and the latest market action, click here to watch this full episode of… Source link

[unable to retrieve full-text content]Stocks moving in after-hours: Meta, Roku, eBay, Teledoc  Yahoo Finance Source link

Roku (ROKU) announced at CES 2023 in Las Vegas on Wednesday that it will begin selling TVs that it’s designed and built on its own. The streaming giant currently offers Roku-branded TVs through third-party partners including TCL, Hisense, and Philips. The change means that Roku will control all aspects of the TV production process itself, rather than relying on those third parties. The company will offer 11 models with sizes ranging from 24 inches to 75 inches and prices running from $119… Source link

Roku (ROKU): Shares plunged in extended trading after the company forecasted a wider-than-expected loss. Roku expects adjusted EBITDA of negative $135 million for the fourth quarter, more than three times what analysts were expecting. For the third quarter, revenue was $761.4 million, up 12% from a year ago, while average revenue per user rose 10% year-over-year to $44.25. In the earnings release, Roku outlined plans to slow hiring, writing, “We will continue to slow headcount and OpEx… Source link

YouTube TV is expanding the availability of 5.1 surround sound across Google TV, Android TV and Roku devices this week. Prior to the expansion, 5.1 surround sound was only available across Samsung, LG and Vizio devices running Cobalt version 20 or higher. To take advantage of 5.1 audio, you need a compatible device with the YouTube TV app installed, along with a compatible speaker system. “We know you’ve been waiting, and it’s finally ready. 5.1 Audio is… Source link

Nearly a year ago, YouTube TV announced plans to add 5.1 surround sound support for its streaming TV package. When we spoke to YouTube chief product officer Neal Mohan earlier this year on The Vergecast about new features rolling out for the platform, he told us it would arrive soon. Now, it’s here for more devices, including the most recent Chromecast with Google TV. The company announced that, in addition to previously existing surround sound support on traditional Chromecasts and… Source link

Google is working on a lower-end Chromecast with Google TV that would slot in below its current model in price — and also video resolution. According to Protocol’s Janko Roettgers, the upcoming, cheaper Chromecast will run the same Google TV software as the existing hardware and will still include a remote control. But it will be limited to a maximum of 1080p video quality. Playing to that limitation, Protocol believes Google might market the device as “Chromecast HD with Google… Source link

Roku (ROKU) shares dropped more than 11.7% on Wednesday amid an Underweight initiation by Atlantic Equities over concerns of slowing growth and weak penetration in markets abroad.   “We estimate that 80% of Roku’s active accounts are located in the U.S., implying 34% penetration in that market and just 6% in the other markets in which it operates,” analyst Hamilton Faber wrote in a note to investors. The streaming device company’s international markets include Canada, Mexico, Brazil, the… Source link

After months of nasty contract disputes, Roku this morning announced it’s come to an agreement with Google which will allow it to continue to carry both YouTube and YouTube TV on its platform. Roku declined to share the specifics of the deal terms, beyond saying it’s a multi-year extension that covers both services. For Roku and Google customers, however, that means they don’t know which party won the battle or what that means for Google’s access to Roku’s user data. During… Source link

A Roku Inc. remote in an arranged photograph in Hastings-on-Hudson, New York, May 2, 2021. Tiffany Hagler-Grear | Bloomberg | Getty Images Roku stock jumped more than 11% on Wednesday morning after it said it has reached a multiyear agreement with Google to keep YouTube and YouTube TV on its streaming platform. The deal will allow the 56.4 million active Roku accounts to continue to watch YouTube and YouTube TV, Google’s live streaming service, without disruption. Google had previously… Source link