Roku says it has passed 70 million active accounts worldwide, up from 60.1 million at the end of 2021.
The secular shift of viewing from linear to streaming is continuing apace, with total streaming hours via Roku’s interface increasing 19 in 2022. Globally, streaming hours reached 23.9 billion in the fourth quarter, and 87.4 billion in all of 2022, a 19 year-over-year gain.
The company reports active account numbers on a quarterly basis but does not break them down by geographic region. Today’s numbers are derived from “preliminary estimated data,” Roku said in a press release, noting that it will deliver official figures when it reports fourth-quarter and full-year financial results in February.
Outside of those quarterly financial reports, Roku often makes announcements about key milestones in conjunction with CES, which got under way today in Las Vegas. Roku yesterday made another timely reveal for the trade show crowd, trumpeting plans to design and manufacture its own line of smart TVs.
The secular shift of viewing from linear to streaming is continuing apace, with total streaming hours via Roku’s interface increasing 19 in 2022. Globally, streaming hours reached 23.9 billion in the fourth quarter, and 87.4 billion in all of 2022, a 19 year-over-year gain.
The company reports active account numbers on a quarterly basis but does not break them down by geographic region. Today’s numbers are derived from “preliminary estimated data,” Roku said in a press release, noting that it will deliver official figures when it reports fourth-quarter and full-year financial results in February.
Outside of those quarterly financial reports, Roku often makes announcements about key milestones in conjunction with CES, which got under way today in Las Vegas. Roku yesterday made another timely reveal for the trade show crowd, trumpeting plans to design and manufacture its own line of smart TVs.
- 1/5/2023
- by Dade Hayes
- Deadline Film + TV
Roku’s total number of active accounts topped 70 million globally in the last three months of 2021, the company announced Thursday.
Additionally, the streaming company said that users spent 23.9 billion hours streaming Roku content during the year’s fourth quarter.
That’s ahead of the 22.6 billion streaming hours analysts tracked by FactSet were expecting, according to MarketWatch.
For the year, Roku said streaming hours rose 19 from 2021, to 87.4 billion hours.
Also Read:
Roku Enters TV Manufacturing Business, Will Launch 2 Models This Spring
“As consumers continue the shift to TV streaming, we’re excited that a growing number of people are taking the journey with Roku, and we’re proud to reach this meaningful milestone today,” Roku founder and CEO Anthony Wood said in a statement.
The streaming platform reported 65.4 million active accounts at the end of its third quarter, when it warned investors that the fourth quarter wouldn’t be as strong...
Additionally, the streaming company said that users spent 23.9 billion hours streaming Roku content during the year’s fourth quarter.
That’s ahead of the 22.6 billion streaming hours analysts tracked by FactSet were expecting, according to MarketWatch.
For the year, Roku said streaming hours rose 19 from 2021, to 87.4 billion hours.
Also Read:
Roku Enters TV Manufacturing Business, Will Launch 2 Models This Spring
“As consumers continue the shift to TV streaming, we’re excited that a growing number of people are taking the journey with Roku, and we’re proud to reach this meaningful milestone today,” Roku founder and CEO Anthony Wood said in a statement.
The streaming platform reported 65.4 million active accounts at the end of its third quarter, when it warned investors that the fourth quarter wouldn’t be as strong...
- 1/5/2023
- by Eileen AJ Connelly
- The Wrap
Roku reported Thursday it ended 2022 with more than 70 million accounts globally, adding nearly 5 million in the final quarter of the year. The customer total was up 16.5 from the end of 2021, when Roku totaled 60.1 million global accounts.
Per Roku, streaming hours reached 23.9 billion in the fourth quarter and 87.4 billion for the entirety of 2022, a 19 increase year-over-year.
“As consumers continue the shift to TV streaming, we’re excited that a growing number of people are taking the journey with Roku, and we’re proud to reach this meaningful milestone today,” Roku founder and CEO Anthony Wood said Thursday. “Roku is laser-focused on delivering affordable, easy-to-use products and an operating system that makes streaming accessible to all. We look forward to continuing to bring innovative and delightful experiences to more and more viewers this year.”
During 2022, The Roku Channel premiered its first original movie, the Daniel Radcliffe-led “Weird: The Al Yankovic Story,...
Per Roku, streaming hours reached 23.9 billion in the fourth quarter and 87.4 billion for the entirety of 2022, a 19 increase year-over-year.
“As consumers continue the shift to TV streaming, we’re excited that a growing number of people are taking the journey with Roku, and we’re proud to reach this meaningful milestone today,” Roku founder and CEO Anthony Wood said Thursday. “Roku is laser-focused on delivering affordable, easy-to-use products and an operating system that makes streaming accessible to all. We look forward to continuing to bring innovative and delightful experiences to more and more viewers this year.”
During 2022, The Roku Channel premiered its first original movie, the Daniel Radcliffe-led “Weird: The Al Yankovic Story,...
- 1/5/2023
- by Jennifer Maas
- Variety Film + TV
Fox has found its Charlie Collier replacement. Rob Wade, most recently Fox Entertainment’s president of alternative entertainment and specials, is becoming its new CEO, IndieWire has learned. Collier is heading to Roku.
Wade, the former “Dancing with the Stars” showrunner, will tack on some new responsibilities. In addition to the unscripted fare he’s overseen, he’ll now been in charge of animation house Bento Box Entertainment, TMZ, MarVista Entertainment, as well as Studio Ramsay Global. All of those entities were brought in under Collier.
Not only will Wade continue to have final say in alternative programming, he’ll also add scripted content creator Fox Entertainment Studios as well as Blockchain Creative Labs. Finally, Wade will spearhead Fox’s worldwide content sales unit, Fox Entertainment Global. Wade’s biggest success at Fox to-date is “The Masked Singer,” but don’t sleep on “Crime Scene Kitchen,” “Lego Masters,” and “Next Level Chef.
Wade, the former “Dancing with the Stars” showrunner, will tack on some new responsibilities. In addition to the unscripted fare he’s overseen, he’ll now been in charge of animation house Bento Box Entertainment, TMZ, MarVista Entertainment, as well as Studio Ramsay Global. All of those entities were brought in under Collier.
Not only will Wade continue to have final say in alternative programming, he’ll also add scripted content creator Fox Entertainment Studios as well as Blockchain Creative Labs. Finally, Wade will spearhead Fox’s worldwide content sales unit, Fox Entertainment Global. Wade’s biggest success at Fox to-date is “The Masked Singer,” but don’t sleep on “Crime Scene Kitchen,” “Lego Masters,” and “Next Level Chef.
- 10/6/2022
- by Tony Maglio
- Indiewire
Charlie Collier, after more than two decades in broadcasting and cable TV, has jumped ship from the traditional television biz — betting that TV’s future is all about streaming.
As first reported by Variety, Collier is leaving his post as CEO of Fox Entertainment, departing from the Murdochs’ fiefdom to head up Roku Media, where he’ll oversee content and ad sales for the Roku Channel starting next month.
For Roku, recruiting the high-profile TV exec who brought such hits as “Mad Men,” “Breaking Bad” and “The Walking Dead” to the small screen can be viewed as a shift toward more strategic — rather than tactical — spending on original content. Not incidentally, Collier also is familiar with the content economics of the free-streaming space: Fox Corp. spent 440 million to buy Tubi in 2020, which has served as a monetization outlet for Fox TV programming.
The move signals that Roku plans to spend more on original content.
As first reported by Variety, Collier is leaving his post as CEO of Fox Entertainment, departing from the Murdochs’ fiefdom to head up Roku Media, where he’ll oversee content and ad sales for the Roku Channel starting next month.
For Roku, recruiting the high-profile TV exec who brought such hits as “Mad Men,” “Breaking Bad” and “The Walking Dead” to the small screen can be viewed as a shift toward more strategic — rather than tactical — spending on original content. Not incidentally, Collier also is familiar with the content economics of the free-streaming space: Fox Corp. spent 440 million to buy Tubi in 2020, which has served as a monetization outlet for Fox TV programming.
The move signals that Roku plans to spend more on original content.
- 9/23/2022
- by Todd Spangler
- Variety Film + TV
Click here to read the full article.
Charlie Collier is on the move.
The TV veteran and CEO of Fox Entertainment is leaving the company to join Roku, where he will be president of media. Collier will oversee Roku’s advertising business as well as its content businesses, including The Roku Channel.
Collier will officially join Roku in October and will be based in New York. He had been with Fox since 2018, overseeing its entertainment business and developing shows like The Masked Singer and The Cleaning Lady. Before joining Fox, he was president of AMC.
He joins Roku as part of a larger restructuring, with the streaming technology company also elevating two other executives. Mustafa Ozgen will become Roku’s president of devices, with Gidon Katz serving as president of consumer experience. All three will report to Roku CEO Anthony Wood.
Fox knows Roku well, serving not only as a...
Charlie Collier is on the move.
The TV veteran and CEO of Fox Entertainment is leaving the company to join Roku, where he will be president of media. Collier will oversee Roku’s advertising business as well as its content businesses, including The Roku Channel.
Collier will officially join Roku in October and will be based in New York. He had been with Fox since 2018, overseeing its entertainment business and developing shows like The Masked Singer and The Cleaning Lady. Before joining Fox, he was president of AMC.
He joins Roku as part of a larger restructuring, with the streaming technology company also elevating two other executives. Mustafa Ozgen will become Roku’s president of devices, with Gidon Katz serving as president of consumer experience. All three will report to Roku CEO Anthony Wood.
Fox knows Roku well, serving not only as a...
- 9/22/2022
- by Alex Weprin
- The Hollywood Reporter - Movie News
Fox Entertainment CEO Charlie Collier is leaving the linear network to join Roku. He joins as President, Roku Media, effective in late October, based in New York.
The surprising move is a major statement of intent from Roku.
Collier will oversee advertising and content at the digital streaming company. He will run Roku Media globally, managing its ad platform business as well as content for Roku’s owned and operated channels, including The Roku Channel.
During his time with the Fox linear network, which came largely after the sale of most of 21st Century Fox to the Walt Disney Company, he was responsible for launching Studio Ramsay Global with celebrity chef Gordon Ramsay, launching Blockchain Creative Labs, and acquiring Bento Box Entertainment and MarVista Entertainment.
Roku increasingly has been getting into the original content game. It acquired the assets of short-lived shortform service Quibi and hired former ITV America Chief...
The surprising move is a major statement of intent from Roku.
Collier will oversee advertising and content at the digital streaming company. He will run Roku Media globally, managing its ad platform business as well as content for Roku’s owned and operated channels, including The Roku Channel.
During his time with the Fox linear network, which came largely after the sale of most of 21st Century Fox to the Walt Disney Company, he was responsible for launching Studio Ramsay Global with celebrity chef Gordon Ramsay, launching Blockchain Creative Labs, and acquiring Bento Box Entertainment and MarVista Entertainment.
Roku increasingly has been getting into the original content game. It acquired the assets of short-lived shortform service Quibi and hired former ITV America Chief...
- 9/22/2022
- by Peter White
- Deadline Film + TV
In a sign of big moves to come for Roku, veteran TV executive Charlie Collier is exiting his post as CEO of Fox Entertainment to join the digital distribution platform as president of Roku Media.
Collier will oversee advertising sales and content for Roku’s owned-and-operated channels featured on the streaming platform that hosts the fast-growing number of free ad-supported streaming TV (Fast) channels as well as serving as a key funnel for Netflix, HBO Max, Disney+, Paramount+ and other subscription streamers.
Collier is set to shift to his new post at Roku in late October and will be based in New York.
Collier’s appointment coincides with other senior-level changes at Roku. Two top executives, Mustafa Ozgen and Gidon Katz, have been upped to presidents as Roku founder and CEO Anthony Wood vows to create a “next-generation media company.”
Ozgen advances to Roku’s president of devices while Katz...
Collier will oversee advertising sales and content for Roku’s owned-and-operated channels featured on the streaming platform that hosts the fast-growing number of free ad-supported streaming TV (Fast) channels as well as serving as a key funnel for Netflix, HBO Max, Disney+, Paramount+ and other subscription streamers.
Collier is set to shift to his new post at Roku in late October and will be based in New York.
Collier’s appointment coincides with other senior-level changes at Roku. Two top executives, Mustafa Ozgen and Gidon Katz, have been upped to presidents as Roku founder and CEO Anthony Wood vows to create a “next-generation media company.”
Ozgen advances to Roku’s president of devices while Katz...
- 9/22/2022
- by Cynthia Littleton
- Variety Film + TV
Click here to read the full article.
Roku has been particularly impacted by an advertising slowdown, which also has hurt other ad-reliant companies such as Snap and Meta. The downturn hurt Roku’s second-quarter revenue and caused the company to pull its full-year guidance because of the uncertain economic environment.
To make up for its pressured margins, the Anthony Wood-led Roku said July 28 it would slow its rate of hiring and pull back on operating expenses. This includes its content spend, the bulk of it made up of third-party licensing, but which also includes investment in its Roku Originals channel. (“Spend will be commensurate not only with the scale and growth of The Roku Channel, but also with the broader macro environment,” was the measured statement in the firm’s earnings release.)
These are some of the only levers that the company can pull, analysts say, as it waits...
Roku has been particularly impacted by an advertising slowdown, which also has hurt other ad-reliant companies such as Snap and Meta. The downturn hurt Roku’s second-quarter revenue and caused the company to pull its full-year guidance because of the uncertain economic environment.
To make up for its pressured margins, the Anthony Wood-led Roku said July 28 it would slow its rate of hiring and pull back on operating expenses. This includes its content spend, the bulk of it made up of third-party licensing, but which also includes investment in its Roku Originals channel. (“Spend will be commensurate not only with the scale and growth of The Roku Channel, but also with the broader macro environment,” was the measured statement in the firm’s earnings release.)
These are some of the only levers that the company can pull, analysts say, as it waits...
- 8/3/2022
- by Caitlin Huston
- The Hollywood Reporter - Movie News
Perhaps this is not the right time for streamers to put many of their eggs in advertising, after all. On Thursday, Roku lost about one-quarter of shareholder value after reporting a rough second quarter. The culprit was underperforming ad sales, causing the streaming-device manufacturer to whiff on Wall Street’s revenue forecasts and to lose (even) more money per share than expected.
The consensus among media analysts was that Roku would lose 68 cents per share on 805.2 million in revenue. Instead, the company reported revenue of 764 million; it lost 82 cents per share. While Roku added 1.8 million active accounts in the quarter and enjoyed a 19 percent year-over-year increase in terms of hours streamed, the company is dealing with what executives called a “significant” slowdown in advertising spend.
“We are seeing advertisers worried about a possible recession, so we’re seeing them reduce their spend in places that are easy for them to...
The consensus among media analysts was that Roku would lose 68 cents per share on 805.2 million in revenue. Instead, the company reported revenue of 764 million; it lost 82 cents per share. While Roku added 1.8 million active accounts in the quarter and enjoyed a 19 percent year-over-year increase in terms of hours streamed, the company is dealing with what executives called a “significant” slowdown in advertising spend.
“We are seeing advertisers worried about a possible recession, so we’re seeing them reduce their spend in places that are easy for them to...
- 7/28/2022
- by Chris Lindahl
- Indiewire
Click here to read the full article.
Roku is the latest company to report a negative impact on revenue this quarter due to a slowdown in ad spending.
The company missed second-quarter revenue expectations, reporting revenue of 764 million, compared to its estimate of 805 million. Active accounts grew by 1.8 million to reach 63.1 million this quarter, adding more accounts than it did in the previous quarter, but maintaining the same year-over-year growth rate.
“Consumers began to moderate discretionary spend, and advertisers significantly curtailed spend in the ad scatter market [TV ads bought during the quarter]. We expect these challenges to continue in the near term as economic concerns pressure markets worldwide,” Roku said in its investor letter Thursday.
To try to combat headwinds in the second quarter, the company said it took measures to “significantly slow both operating expense and headcount growth.” Speaking to media ahead of the investor call Thursday, Steve Louden, Roku’s chief financial officer,...
Roku is the latest company to report a negative impact on revenue this quarter due to a slowdown in ad spending.
The company missed second-quarter revenue expectations, reporting revenue of 764 million, compared to its estimate of 805 million. Active accounts grew by 1.8 million to reach 63.1 million this quarter, adding more accounts than it did in the previous quarter, but maintaining the same year-over-year growth rate.
“Consumers began to moderate discretionary spend, and advertisers significantly curtailed spend in the ad scatter market [TV ads bought during the quarter]. We expect these challenges to continue in the near term as economic concerns pressure markets worldwide,” Roku said in its investor letter Thursday.
To try to combat headwinds in the second quarter, the company said it took measures to “significantly slow both operating expense and headcount growth.” Speaking to media ahead of the investor call Thursday, Steve Louden, Roku’s chief financial officer,...
- 7/28/2022
- by Caitlin Huston
- The Hollywood Reporter - Movie News
Roku failed to meet its modest revenue expectations as growth and advertisement sales continue to slow to the company’s lowest pace in over four years, according to its second-quarter earnings report Thursday. The company posted overall revenue of 764 million for Q2, up 18 year over year, which couldn’t quite meet expectations that had its growth at around 805 million due to a depressed ad sales market. Roku also added another 1.8 million active accounts in Q2, bringing the company to a total of 63.1 million. “In Q2, there was a significant slowdown in TV advertising spend due to the macro-economic environment, which pressured our platform revenue growth. Consumers began to moderate discretionary spend, and advertisers significantly curtailed spend in the ad scatter market (TV ads bought during the quarter). We expect these challenges to continue in the near term as economic concerns pressure markets worldwide,” Roku’s Anthony Wood, founder and CEO,...
- 7/28/2022
- by Katie Campione
- The Wrap
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