Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>ROKU, Inc. delivered a robust performance in Q3 2024, announcing a milestone of over $1 billion in total net revenue for the first time, marking a 16% increase year-over-year.</li><li>Key financial highlights included a platform revenue of $908 million, representing a 15% increase from the previous year, primarily driven by growth in streaming services distribution and advertising activities.</li><li>Notably, the Roku Channel showcased substantial growth, remaining the third most engaged application on the platform, with streaming hours surging by 80% year over-year.</li></ul>

ROKU, Inc. delivered a robust performance in Q3 2024, announcing a milestone of over $1 billion in total net revenue for the first time, marking a 16% increase year-over-year.Key financial highlights included a platform revenue of $908 million, representing a 15% increase from the previous year, primarily driven by growth in streaming services distribution and advertising activities.Notably, the Roku Channel showcased substantial growth, remaining the third most engaged application on the platform, with streaming hours surging by 80% year over-year.

Roku Inc.: Advertising Model Innovation & Means To Achieve Top-Line Growth! - Major Drivers

<ul><li>ROKU's performance in the second quarter of 2024 reflects a company in the midst of strategic expansion and adaptation to the evolving demands of the streaming and digital advertising markets.</li><li>The company reported a 14% year-over-year increase in streaming households, reaching 83.6 million, and a 20% increase in streaming hours, indicating robust user engagement and growth in market penetration.</li><li>These metrics are crucial as they underpin the platform's attractiveness to advertisers and content distributors.</li></ul>

ROKU's performance in the second quarter of 2024 reflects a company in the midst of strategic expansion and adaptation to the evolving demands of the streaming and digital advertising markets.The company reported a 14% year-over-year increase in streaming households, reaching 83.6 million, and a 20% increase in streaming hours, indicating robust user engagement and growth in market penetration.These metrics are crucial as they underpin the platform's attractiveness to advertisers and content distributors.

Roku Inc.: Focus on Media and Entertainment Partnerships Could Be A Critical Growth Catalyst! - Major Drivers

<ul><li>Roku demonstrated a solid performance in Q1 2024, with streaming households growing 14% year over-year, streaming hours increasing by 23%, and platform revenue growing by 19% year-over year.</li><li>The company is placing greater emphasis on platform growth and innovation, aiming to accelerate platform revenue, adjusted EBITDA and free cash flow growth in the forthcoming years by focusing on three key opportunities: optimizing the Roku Home Screen as the lead-in for TV, growing Roku-billed subscriptions, and increasing demand for Roku.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Roku demonstrated a solid performance in Q1 2024, with streaming households growing 14% year over-year, streaming hours increasing by 23%, and platform revenue growing by 19% year-over year.The company is placing greater emphasis on platform growth and innovation, aiming to accelerate platform revenue, adjusted EBITDA and free cash flow growth in the forthcoming years by focusing on three key opportunities: optimizing the Roku Home Screen as the lead-in for TV, growing Roku-billed subscriptions, and increasing demand for Roku.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Roku Inc.: Driving Subscriber Growth with Roku Pay! - Major Drivers

<ul><li>Roku, the leading streaming entertainment provider, delivered a strong fourth quarter and year-ended 2023 earnings as announced during the company's earnings conference call.</li><li>Roku's CEO, Anthony Wood, and CFO, Dan Jedda, along with other executive members, shared insights into the company's financials and business trajectory.</li><li>On a positive note, Roku achieved adjusted EBITDA and free cash flow a year ahead of schedule, demonstrating the company's focus on operational improvements and platform revenue growth.</li></ul>

Roku, the leading streaming entertainment provider, delivered a strong fourth quarter and year-ended 2023 earnings as announced during the company's earnings conference call.Roku's CEO, Anthony Wood, and CFO, Dan Jedda, along with other executive members, shared insights into the company's financials and business trajectory.On a positive note, Roku achieved adjusted EBITDA and free cash flow a year ahead of schedule, demonstrating the company's focus on operational improvements and platform revenue growth.

Roku Inc.: A Diversified Monetization Strategy Can Save The Day? - Major Drivers

<ul><li>Roku delivered mixed results for the previous quarter, with revenues below the analyst consensus.</li><li>Roku ended the quarter with a global active account base of 75.8 million, marking a robust 16% year-over-year growth.</li><li>Devices revenue experienced a substantial 33% year-over-year surge, fueled by the introduction of Roku-branded TVs and smart home products.</li></ul>

Roku delivered mixed results for the previous quarter, with revenues below the analyst consensus.Roku ended the quarter with a global active account base of 75.8 million, marking a robust 16% year-over-year growth.Devices revenue experienced a substantial 33% year-over-year surge, fueled by the introduction of Roku-branded TVs and smart home products.

Roku Inc.: A Glimpse Into the Future of Digital Entertainment! - Major Drivers

United States

Roku, Inc. designs and manufactures consumer electronic products. The Company offers wireless enabled devices that stream audio and video content from the internet to home entertainment systems. Roku serves customers globally.

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Roku (ROKU US)

Roku Inc.: Advertising Model Innovation & Means To Achieve Top-Line Growth! - Major Drivers

ROKU, Inc. delivered a robust performance in Q3 2024, announcing a milestone of over $1 billion in total net revenue for the first time, marking a...

Baptista Research

Roku Inc.: Focus on Media and Entertainment Partnerships Could Be A Critical Growth Catalyst! - Major Drivers

ROKU's performance in the second quarter of 2024 reflects a company in the midst of strategic expansion and adaptation to the evolving demands of...

Baptista Research

Roku Inc.: Driving Subscriber Growth with Roku Pay! - Major Drivers

Roku demonstrated a solid performance in Q1 2024, with streaming households growing 14% year over-year, streaming hours increasing by 23%, and...

Baptista Research

Roku Inc.: A Diversified Monetization Strategy Can Save The Day? - Major Drivers

Roku, the leading streaming entertainment provider, delivered a strong fourth quarter and year-ended 2023 earnings as announced during the...

Baptista Research

Roku Inc.: A Glimpse Into the Future of Digital Entertainment! - Major Drivers

Roku delivered mixed results for the previous quarter, with revenues below the analyst consensus. Roku ended the quarter with a global active...

Baptista Research

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