Investors are still apparently eager for more as the company continues to pivot toward a services-based model from its current focus making boxes for streaming television—a focus that, so far, has been quite successful. Despite competition from industry behemoths like Amazon and Google, Roku enjoys a dominant 37% share of the US streaming device market, according to Parks Associates, up from 30% last year.
The result has been some impressive financial growth metrics. For the six months ending June 30, revenue increased 23% YoY to nearly $200 million. Gross profit margin increased to 38% from 31%, helping the operating loss shrink to $21.2 million compared to $32.6 million in the year-ago period.
From the article "Roku's early success magnifies Blue Apron, Snap failures" by Anthony Mirhaydari.
The number of households with a streaming player has quadrupled in the last five years, according to Parks Associates, but Apple trails Roku and Amazon in market share, and it seldom discounts its pri...
The pandemic's stay-at-home habits and the rise of streaming have conspired to create a strong appetite for watching new movie releases at home instead of in theaters. Parks Associates research indica...
This year, Prime Video will air Woody Allen's first-ever TV series, as well as another season of its critically acclaimed alternative-history series, "The Man in the High Castle." In December, it crea...
That streaming service is one way AT&T wants to ensure that younger consumers will still flow its way. A study by research firm Parks Associates found that nearly a quarter of millennial households ju...
