This year, bears cite the news of AMZN DSP push and its reportedly “aggressive pricing” as evidence that take rate compression, which they have long predicted, will occur. In this note we show that (i)…

In this note we take a closer look at a potential driver of Platform revenue growth that currently seems overshadowed by ROKU’s integration with DSPs. We believe that video advertising on the home screen, now…

We are updating our model to reflect Q2 results. We are raising our price target to $38 to reflect the recent valuation multiple expansion, our rating remains unchanged. We now expect the following results: Q3…

We are updating our model to reflect Q1 results and the sale of the Apps business. Our updated estimates are: Q3 FY25: We expect total company revenue of $1,335m and Adjusted Ebitda of $1,081m. We…