The consumer shift from expensive cable TV packages to cheaper and more flexible 'over-the-top' internet streaming services has been driving a wave of investment and competition in the media industry.
Roku sees this proliferation boosting its business, which it frames as being a "neutral partner at the center of the streaming ecosystem." It sells software and hardware that enables consumers to stream internet video on their televisions, as well as advertising services.
"Moreover, new services and the growing investment in original programming that is exclusive to streaming are enriching the [over the top] experience," Rokuin the letter to investors. "This is driving more viewers to spend more time streaming and less time in traditional pay TV, and many consumers are leaving the legacy pay TV ecosystem entirely. We predict that by 2024 roughly half of all U.S. TV households will have cut the cord or never had traditional pay TV.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Roku stock rallies further after upbeat forecastRoku Inc. shares surged 8% in after-hours trading Thursday after the company topped revenue expectations and gave an upbeat top-line forecast.
Read more »
Roku Tops Wall Street’s Q4 Estimates, Growing To Nearly 37 Million Active AccountsRoku 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 re…
Read more »
Roku holiday quarter revenue beats on streaming service launchesRoku Inc beat Wall Street estimates for quarterly sales and forecast full-year r...
Read more »
Roku Climbs to Nearly 37 Million Active AccountsRoku added nearly 10 million new active accounts during 2019 as it prepares to enter for what CEO Anthony Wood is calling 'the streaming decade'
Read more »
Roku holiday quarter revenue beats on streaming service launchesRoku Inc beat Wall Street estimates for quarterly sales and forecast full-year r...
Read more »
I Hated Bernie Bros Until I Loved and Lost One'Raghav believed true Medicare for All—healthcare that was free at the point of service with everyone automatically enrolled—was a life or death issue. It turned out he was right: Six months after we said I love you, Raghav was dead.' katewillett writes:
Read more »