Roku, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Company Description
- CEO
- Anthony J. Wood
- Full Time Employees
- 3,600
- Sector
- Communication Services
- Industry
- Entertainment
- Address
- 1155 Coleman Avenue San Jose CA United States of America 95110
- IPO Date
- Sep 28, 2017
- CIK
- 0001428439
- Website
- roku.com
- Similar Companies
- Business
- Roku, Inc. operates as a leading streaming technology company primarily engaged in designing and manufacturing consumer electronic products and operating a TV streaming platform. Founded in 2002 by Anthony Wood and headquartered in San Jose, California, Roku develops and sells digital media players, including flagship streaming devices like the Roku Ultra and Roku Streaming Stick 4K. The company also offers Roku-branded smart TVs produced and sold through retail channels, smart home products, and audio solutions. Its streaming platform enables users to discover and access a variety of content including TV shows, movies, news, and sports, while providing content publishers with tools to monetize audiences and offering advertisers sophisticated advertising solutions such as targeted and performance-based ads. Roku operates two main business segments: Platform and Devices. The Platform segment encompasses streaming services, advertising, content distribution, and subscription offerings. The Devices segment focuses on manufacturing and retail distribution of streaming players and smart TVs. Roku’s platform has a significant footprint in the U.S., Canada, Mexico, and parts of Europe and Latin America, reaching over 145 million users globally as of 2024. Recent major company developments include the launch of the Roku Ultra 2024, featuring a new quad-core processor with 30% faster performance, expanded connectivity including Wi-Fi 6 and HDMI 2.1, and an upgraded Voice Remote Pro, reflecting advancements in device performance and user experience. Roku also introduced Roku Ads Manager, a self-service advertising platform launched in September 2024, designed for performance marketers integrating features such as Shopify integration and interactive video overlays to expand advertising reach and efficiency. The company achieved significant revenue growth in 2024, with full-year net revenue reaching $4.1 billion, up 18% year-over-year, and surpassed 90 million streaming households worldwide. Roku expanded its programmatic ad partnerships, including a notable alliance with Yahoo DSP, and launched Roku Data Cloud to enhance data-driven advertising outcomes. These measures indicate Roku’s strategic emphasis on growing its advertising platform alongside its hardware and content ecosystem. Roku continues to strengthen its market leadership in the streaming industry with an integrated approach combining hardware innovation, expansive streaming content access, data-driven advertising, and strategic partnerships to support its growth ambitions across North America, Latin America, and Europe. This comprehensive operational scope and recent strategic initiatives position Roku as a dominant player in the global streaming and connected TV market.
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