Feb 26, 6:01 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Adam Levy 02/26/19 AT 5:37 AM There was a lot for investors to cheer about in Roku's (NASDAQ:ROKU) fourth-quarter earnings report. The company beat expectations on both the top and bottom lines, but the company's outlook for 2019 may have investors even more excited.Roku expects to bring in revenue of $1 billion to $1.025 billion for 2019. Wall Street analysts' consensus estimate was $985 million before Roku came out with its guidance. But investors shouldn't expect much of that to fall to Roku's bottom line. 2019 will be an investment year for Roku, and it expects to manage the company for break-even profitability as it invests.Practically all of the revenue growth will come from the platform businessIn the details of the company's guidance, Roku management said it expects about two-thirds of that $1 billion in revenue to come from the platform … [Read more...] about Roku Expects To Be A Billion-Dollar Company This Year
Roku cannot add channel
By Rex Crum | [email protected] | PUBLISHED: January 16, 2019 at 8:47 am | UPDATED: January 16, 2019 at 9:36 am Roku offers access to thousands of streaming TV channels on its devices and platforms. But one of those channels proved too much for the Los Gatos-based company to deal with after being available for barely 24 hours. Spotify also has banned InfoWars from its streaming radio service, and Apple has removed InfoWars’ app from its App Store. In a statement, Roku said it originally allowed InfoWars onto its platform on the grounds that “voices on all sides of an issue or cause are free to operate a channel. We do not curate or censor based on viewpoint.” Roku also said that, to its knowledge, “InfoWars is not currently in violation of these (company) content policies.” But, a rash of comments on Twitter from Roku users became too much for the company to deal with. By Tuesday night, Roku had started the process of taking InfoWars off of … [Read more...] about Roku backpedals and takes down InfoWars channel after public outcry
Jan 16, 1:10 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Adam Levy 01/15/19 AT 11:41 PM Amazon (NASDAQ:AMZN) is expanding its lead in streaming video. The company said it has over 30 million active users for its Fire TV devices. That's 3 million more users than Roku (NASDAQ:ROKU) announced it ended the year with earlier this month.What's more, Fire TV users are growing faster than Roku users. Amazon last reported 25 million users in October. Roku's third-quarter report says it ended September with 23.8 million users. So Amazon has added 5 million new users in the same time Roku's added 3.2 million.Amazon's success is exemplary of how its ecosystem drives customer loyalty. And considering the size of the e-commerce titan's customer base, that's bad news for Roku and anyone else interested in the streaming TV space.Prime is driving Fire TVThere aren't many reasons to choose a Fire TV device over a Roku … [Read more...] about Amazon’s Fire TV Is Bigger And Growing Faster Than Roku
Jan 03, 11:46 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Dawn Geske 01/03/19 AT 9:42 AM Roku fans may have something to look forward to in 2019, as the company has announced that is will be adding Premium Subscriptions to its platform in late January. The new subscription service will continue to offer more than 10,000 ad-free movies and TV shows as well as the option to add channels such as Showtime, Starz, and EPIX.With the Premium Subscriptions feature, Roku users will have the ability to browse content before signing up as well as undergo a free trial before making a decision to pay for the service. Roku said the Premium Subscription will provide free, live, and premium content in one channel, making it easier for users to search and watch their favorite programs.Plus, users of the Roku mobile app can watch content from the channel without support from a Roku device. The option will allow users to watch streaming … [Read more...] about New Roku Premium Subscription Service: What Channels Will You Get?
Nov 09, 4:23 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Alex Perry 11/09/18 AT 3:52 PM As Roku (ROKU) contends with heavy hitters like Apple and Amazon in the streaming market, the device maker and content distributor is expanding its offerings once again. Roku announced Thursday that The Roku Channel, its free, ad-supported streaming option, will get content from a handful of new sports, news and entertainment channels.Perhaps the biggest draw of Friday’s news is the addition of live sports coverage to the Roku Channel’s portfolio. Roku revealed partnerships with Adventure Sports Network for outdoor sports coverage and Combat Go for MMA, boxing and other combat sports. EDGEsport will provide coverage of extreme sports, while Stadium will cover things like college sports.Today, we're expanding the live & linear categories available in The #Roku Channel to include sports & … [Read more...] about Roku Channel Adds Live Sports, More News And Entertainment Options