Thursday, March 04, 2021 7:13:14 AM
Roku surprised analysts last month with a fourth-quarter profit.
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Roku’s deal for Nielsen’s advertising video business boosts the size of its potential market and makes it more valuable to programmers going directly after consumers, an analyst at KeyBanc Capital Markets said.
Earlier this week, streaming platform Roku (ticker: ROKU) said it was buying Nielsen’s Advanced Video Advertising unit, which includes technology that makes it easier for advertisers to target specific audiences.
Roku has more than 51 million accounts using its platform to stream everything from live television to on-demand content from subscription services such as Netflix (NFLX).
The Nielsen (NLSN) deal means Roku can make money off people who watch TV the traditional way—tuning into a scheduled program on its original channel, according to KeyBanc Capital Markets analyst Justin Patterson.
“This increases value to programmers who can now leverage Roku to grow both their direct-to-consumer (D2C) and linear TV revenue streams,” Patterson said in a note. “We believe this represents a material positive.”
He estimates average revenue per user will increase 50% this year, compared with 2020.
Roku also has a deal to acquire the content library of defunct Quibi, adding 75 shows and documentaries and other content.
Patterson raised his rating on Roku stock to Overweight from Sector Weight with a $518 price target.
Recent ROKU News
- Roku and Fandango’s New Theatrical Advertising Relationship Helps Studios Maximize Marketing Spend and Increase Box Office Revenue • Business Wire • 06/13/2024 01:00:00 PM
- Roku Exchange Unlocks Access to Roku’s Audience and Premium Media • Business Wire • 06/12/2024 12:55:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 12:03:37 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 12:00:38 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 11:59:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 11:56:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:13:52 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/05/2024 09:33:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 09:15:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 09:09:29 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 09:06:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 09:05:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 09:04:49 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/04/2024 08:29:37 PM
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- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/23/2024 08:07:07 PM
- Roku Chief Financial Officer to Present at Needham’s Technology & Media Conference • Business Wire • 05/14/2024 12:00:00 PM
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- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 05/10/2024 04:22:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/09/2024 11:11:24 PM
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