Fellow Shareholders, April 25, 2024 We delivered solid results in Q1, growing Streaming Households (previously "Active Accounts") 14% YoY, Streaming Hours 23% YoY, and Platform Revenue 19% YoY. Roku remains the #1 selling TV OS in the U.S. and Mexico, and we continue to expand our retail distribution. The Roku Channel's ongoing growth made it the #3 app on our platform by both reach and engagement. This strong performance demonstrates the impact of surfacing relevant content throughout our platform. We also ...

Certain Wall Street analysts believe SoundHound AI and Roku are significantly undervalued.The Nasdaq Composite (NASDAQINDEX: ^IXIC) entered a bull market 16 months ago, and the technology-heavy index has already advanced 50%. Those gains have left many stocks trading at pricey valuations, but certain Wall Street analysts still see SoundHound AI (SOUN 6.48%) and Roku (ROKU 2.94%) as compelling buys.Specifically, Gil Luria at DA Davidson recently raised his price target on SoundHound AI to $9.50 per share, 16 ...

Wall Street analysts forecast that Roku (ROKU) will report quarterly loss of $0.64 per share in its upcoming release, pointing to a year-over-year increase of 53.6%. It is anticipated that revenues will amount to $850.97 million, exhibiting an increase of 14.8% compared to the year-ago quarter.The current level reflects an upward revision of 1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initia ...

If you're looking for big gains from AI, these two stocks could deliver.At this point, many of the biggest winners in artificial intelligence have been the world's most valuable companies.However, if you're looking for stocks that can double this year, mega-cap names like Nvidia and Microsoft, which have already seen big gains from AI, aren't the best candidates. Adding more than $2 trillion or even $3 trillion in market cap in one year would be extraordinarily difficult for even the best companies.Instead, ...

In the latest market close, Roku (ROKU) reached $58.69, with a +1.91% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 0.22% for the day. Meanwhile, the Dow experienced a rise of 0.06%, and the technology-dominated Nasdaq saw a decrease of 0.52%.The video streaming company's shares have seen a decrease of 11.33% over the last month, not keeping up with the Consumer Discretionary sector's loss of 5.12% and the S&P 500's loss of 1.66%.Investors will be eagerly ...

Investors should gain a better understanding of the industry landscape.One of the most powerful and recognizable trends across the economy in the past decade has been the changing video entertainment landscape. The rise of streaming is something all investors are paying attention to.I believe Roku (ROKU -1.90%) is a smart way to play this secular shift, as it's positioned well to benefit from the industry's growth. But before you rush to buy and hold this streaming stock, you need to know more about what mi ...

Roku disclosed to its customers Friday (April 12) that 591,000 accounts were impacted by two separate cyberattacks.In less than 400 of these cases, hackers logged in and made unauthorized purchases of streaming service subscriptions and Roku hardware products using the payment method stored in these accounts, the company said in a Friday (April 12) blog post.The hackers did not gain access to full credit card numbers, other full payment information or any other sensitive information, according to the post.I ...

More Roku customers have been impacted by a second data breach at the company, the company announced on Friday. The streaming brand disclosed a breach affecting 576,000 user accounts, which follows another recently unearthed incident involving 15,000 accounts.In response to the new breach, Roku has enabled two-factor authentication for all Roku accounts, according to a blog post. The company said it's notifying impacted users and has already reset their passwords. Roku said with both breaches, login credent ...

Streaming service provider Roku said Friday it identified a second cyberattack that impacted about 576,000 additional accounts while investigating a breach that affected 15,000 user accounts earlier this year.The company, which had more than 80 million active accounts, said the hackers did not gain access to any sensitive information such as full credit card numbers or other payment details.Roku’s shares were down more than 2%.Roku said hackers did not gain access to any sensitive information such as full c ...

Streaming giant Roku has confirmed a second security incident in as many months, with hackers this time able to compromise more than half a million Roku user accounts.In a statement Friday, the company said about 576,000 user accounts were accessed using a technique known as credential stuffing, where malicious hackers use usernames and passwords stolen from other data breaches and reuse the logins on other sites.Roku said in fewer than 400 account breaches, the malicious hackers made fraudulent purchases o ...