Roku, Inc. (ROKU) is a leading global TV streaming pioneer. The company is actively engaged to build and monetize a large number of viewers for content publishers. It also provides the promoters with exceptional capacity to engage the customers. The company develops TV-related audio devices and streaming players for the customers.
The price of ROKU stock during the regular trading on January 20, 2022, was 167.36 with a minute incline of 0.52%. At last check in the premarket on January 21, 2022, the stock dipped by 3.77%.
ROKU: Events and Happenings
On January 20, 2022, ROKU reported about the pioneer adult animated series ‘DOOMLANDS’ premiering on the company’s official channel on January 28. On January 18, 2022, ROKU reported about its feature film on the prolific professional career of lead musician “Weird Al” Yankovic.
On January 4, 2022, ROKU reported that the company’s Executives presented at the Virtual Citi 2022 AppsEconomy Conference held on January 6, 2022. On January 3, 2022, the company reported that its operating system was ranked as the No. 1 smart OS sold in the US published by NPD’s Weekly Retail Tracking System. The company’s operating system was awarded to this tile for the second year in a row.
On December 29, 2021, ROKU reported about the global expansion of the TV Ready™ Certification platform. On December 8, 2021, ROKU reported about its preliminary original movie as the number 1 viewed program internationally on the company’s Channel during the opening week. The movie ‘Zoey’s Extraordinary Christmas’ was made in collaboration with Lionsgate TV.
ROKU: Key Financials
On November 3, 2021, ROKU reported its financial results for the third quarter of 2021 ended September 30, 2021. Some of the key updates are as follows.
Revenue
Total net revenue recorded in third-quarter 2021 was $0.67 million compared to $0.45 million in the same period of 2020.
Net Income per Share
Basic and diluted net income per share in Q3 2021 was $0.06 million or $0.52 (basic) and $0.48 (diluted)in comparison to $0.01 million or $0.10 (basic) and $0.09 (diluted) net income in the same quarter of 2020.
Conclusion
ROKU stock dipped during the last six months period by 60%. The company reported about its initial adult animated scripted series on its channel resultantly the company’s stock fell in the premarket. The analysts believe that the company should make sound business-oriented strategies to increase the positioning of its stock.
