All Reports

In this note we analyze the implications of the recently announced partnership between ROKU and TTD for the two stocks. We show that this development strengthens the case for an acceleration in ROKU Platform revenue…

We are updating our model to reflect Q1 results. We are lowering our price target to $25 and maintain Neutral rating. we now expect the following results: Q2 FY24: We are modeling Create Solutions revenue…

We are updating estimates following Q1 report. Our rating and price target remain unchanged. We are now modeling Q2 revenue of $575m and Adjusted Ebitda of $224m. We expect full FY24 revenue of $2,391m and…

We see Q1 results as generally in line with Adjusted Ebitda ahead of estimates due to lower than expected costs, as should have been expected. Y/Y decline of 4% in Grow Solutions revenue will probably…

We are raising our 12 month price target to $107 and maintain Buy rating. Our updated estimates are: Q2 FY24: we are modeling Software Platform revenue of $699m and Adjusted Ebitda of $507m, Apps revenue…

The Software Platform delivered another blowout quarter, the guide seems to imply Y/Y revenue growth of at least 67% in Q2 (assuming constant Q/Q Apps revenue and margin and the mid point of the guide)…

The top line beat greater than usual. The guidance is a touch lighter but we think the Street will just see as just that much more beatable. After the 3p cookies deprecation timetable shift, the…

We are updating our model to reflect Q1 FY24 results and the guidance for Q2 . Our rating and price target remain unchanged. Our estimates for Q2 FY24 are: 10,063K digital-only subs at quarter end…

The quarter looks generally in line with expectations, in our view. Digital advertising revenue growth was on the low end of the guidance given last quarter (softness in display and podcasts) but the outlook for…

We are hosting an NDR with Mark S. Zagorski – CEO, Nicola Allais – CFO, and Tejal R. Engman – SVP, IR on May 10th Please click to register Q2 guidance below expectations, full FY24…

We are dropping coverage of the following stocks. As a result, our ratings, price targets, estimates and disclosures should no longer be relied upon. FOXA last published rating and price target: Buy, $51.00 DISCA last…

Michael G. Barrett – President and CEO, David Day – CFO, Nick Kormeluk – SVP, IR. Please reply to this email to submit interest.

We are updating our estimates following Q4 report. Our rating and price target remain unchanged. Q2 FY24: We expect Platform revenue of $804m and gross profit of $426m, Devices revenue of $131m and gross profit of…

A beat but the Q2 guide looks somewhat cautious again for what it’s worth. A couple of less obvious points that stand out. First, The Roku Channel now is now the #3 app on the…

1×1 and small group virtual meetings with Mark Zagorsky, CEO; Nicola Allais, CFO; Tejal Engman, SVP, IR. Click to submit interest