Roku CEO: Media companies are partnering with us, not destroying us

  • 📰 CNBC
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

'We can really help those companies build scale if they want to use some of the marketing techniques we have on our platform,' CEO Anthony Wood says.

's NBCUniversal have plans to launch their own on-demand services. Earlier this year, Apple announced it will launch its own video subscription platform. Now Roku is landing deals with new entrants into the video streaming landscape, including a partnership with Comcast. Disney and Apple are potential partners as well, Wood said.

Instead of just making gadgets to stream content, Roku began licensing their technology to TV manufacturers. The product is now installed in many smart TV models. Roku's strategy is helping to scale the business, monetize active accounts with advertising, earn revenue from content distribution and help partners build audience for their services, Wood said.

"I think those kinds of services coming to streaming — it just brings even more people to streaming, and of course we're a great partner," he said. "We can really help those companies build scale if they want to use some of the marketing techniques we have on our platform." Because of those changes, Cramer became more bullish on the stock earlier this year when shares were trading in the $40 range. Roku stock closed Wednesday at $83.34.

Roku reported $207 million in revenue during the first quarter, while analysts expected $192 million. Wall Street expected Roku to deliver a loss per share of 24 cents, but the company beat estimates and recorded a loss per share of 9 cents. The company also raised its full year guidance.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber CEO Dara Khosrowshahi on the future of the company before its massive IPOUber CEO Dara Khosrowshahi shared an Uber with CNBC's Andrew Ross Sorkin ahead of the company's IPO on the New York Stock Exchange. Khosrowshahi discussed the company's success, new scooter and bike services, Uber Eats and more. andrewrsorkin dkhos Ubers new indication of opening price is now $44.50 to $45? trump better tweet something NOW? JMO andrewrsorkin dkhos Boy,CNBC was really cheerleading this DOG that is bleeding money. Wall Street greed is on display and it has backfired spectacularly. Now they're talking Uber Eats will make it profitable...PLEASE .. What a train wreck. andrewrsorkin dkhos No follow up questions to that bullshit about cars going vertical? Wow this was so pathetic even for Uber.
Source: CNBC - 🏆 12. / 72 Read more »