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☆ Roku Shares Tumble as Streaming-Device Giant Warns of Tough Holiday Season
▼ + stars: | 2022-11-03 | by ( Patience Haggin | ) www.wsj.com time to read: 1 min

Roku is the nation’s largest maker of streaming hardware, but it derives most of its revenue from advertising. Roku Inc. said it expected revenue from its two main business drivers—advertising and sales of streaming hardware—to fall in the fourth quarter as macroeconomic conditions pressured both consumers and advertisers to reduce their spending, sending the company’s shares down 18% in after-hours trading. Chief Executive Anthony Wood told investors Wednesday that the coming holiday season was “probably going to be different than the typical holiday season.” He said advertisers including toy marketers were reducing their fourth-quarter ad spending because of uncertainty over a potential recession.

☆ Wall St down for fourth straight day on Fed rate hike worry
▼ + stars: | 2022-11-03 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2022. read moreWith roughly 80% of S&P 500 companies having reported earnings, the expected growth rate is 4.7%, according to Refinitiv data, up slightly from the 4.5% at the start of October. Declining issues outnumbered advancing ones on the NYSE by a 1.75-to-1 ratio; on Nasdaq, a 1.50-to-1 ratio favored decliners. The S&P 500 posted 6 new 52-week highs and 46 new lows; the Nasdaq Composite recorded 77 new highs and 291 new lows. Reporting by Chuck Mikolajczak in New York Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Futures signal more losses on Fed's rate hike view
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

However, rate futures markets implied the odds of peak Fed funds rate climbing to 5% or higher next year compared with a prior estimate of 4.50%-4.75% rise. Focus will shift to Friday's jobs data, expected to show nonfarm payrolls increased by 200,000 in October. ET, Dow e-minis were down 39 points, or 0.12%, S&P 500 e-minis were down 6.5 points, or 0.17%, and Nasdaq 100 e-minis were down 28.5 points, or 0.26%. Qualcomm Inc (QCOM.O) tumbled 6.9% after the chipmaker's forecast for holiday-quarter revenue fell about $2 billion short of Street estimates. Roku Inc (ROKU.O) slumped 18.8% after the streaming platform forecast holiday-quarter revenue below Wall Street estimates as ad spending dries up.

☆ Streaming tech firm Roku dives as tough ad market hits performance
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

Nov 3 (Reuters) - Roku Inc (ROKU.O) market-cap dropped by nearly a fifth on Thursday following downbeat forecasts a day earlier, as the streaming tech provider suffers from a collapse in advertising dollars. The company expects fourth-quarter revenue substantially below market estimates, while its adjusted operating loss outlook was much wider than Wall Street expectations. "We expect these conditions to be temporary, but it is difficult to predict when they will stabilize or rebound," Roku Chief Executive Anthony Wood said in a letter to investors. Roku stock, down 19% at $43.74 before the bell, has lost more than three-quarters of its value this year. "Roku is likely dead money over the next two quarters at least, but should rebound within the next twelve months," Wedbush Securities said.

☆ Streaming platform Roku's shares slump on dour holiday-quarter forecast
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +2 min

Nov 2 (Reuters) - Shares of Roku Inc (ROKU.O) fell more than 20% in extended trading on Wednesday after the streaming platform forecast holiday-quarter revenue below Wall Street estimates as ad spending dries up. Top players including Google-parent Alphabet (GOOGL.O) and Snap Inc (SNAP.N) have warned of shrinking ad spending, which led to a broad tech sell-off in recent weeks. Roku added 2.3 million "active accounts" in the third quarter, compared with 1.3 million net additions last year. "Roku’s growth will be disrupted by a recessionary environment because advertising budgets on the whole will see cuts, while at the same time TV ad budgets continue to see migration to digital," Third Bridge analyst Jamie Lumle said. "We will continue to slow headcount and operating expense growth in response to the macro environment," Wood added.

☆ Roku falls on bleak revenue forecast
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: 1 min

Nov 2 (Reuters) - Shares of Roku Inc (ROKU.O) fell more than 20% in the extended trade on Wednesday after the streaming platform forecast its current quarter player and platform revenue lower than that in the last year. "As we enter the holiday season, we expect the macro environment to further pressure consumer discretionary spend and degrade advertising budgets, especially in the TV scatter market," the company said. Reporting by Aishwarya Nair in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves after hours: Roku, Qualcomm, Etsy and more
▼ + stars: | 2022-11-02 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Qualcomm – Shares of Qualcomm lost 6% after the company reported earnings after the bell that included a guidance for its fiscal first quarter that fell below expectations, due to weak demand in China and elevated inventories. The technology firm reported adjusted earnings per share of $3.13, in-line with Wall Street expectations, according to Refinitiv. The company reported third-quarter results that beat analysts' forecasts, with a per-share loss of 88 cents compared to a $1.28 loss, according to Refinitiv. Etsy — Etsy jumped more than 10% after the company reported quarterly earnings that beat the Street. Revenue was $483 million where Wall Street expected $456 million.

☆ Netflix and Other Streaming Platforms Are Embracing Ads—but Will the Advertisers Love Them Back?
▼ + stars: | 2022-10-18 | by ( Suzanne Vranica | ) www.wsj.com time to read: 1 min

As big streaming services roll out new ad-supported plans, marketers still face challenges with streaming ads. Marketers are excited that more streaming platforms are embracing advertising, but they say running ads on streaming services remains rife with challenges. The streaming industry’s two largest players, Netflix Inc. and Walt Disney Co.’s Disney+, are preparing to launch ad-supported versions of their platforms in the coming months. They will be joining a crowded field that includes streaming services owned by media companies—such as Comcast Corp.’s Peacock, Warner Bros. Discovery Inc.’s HBO Max and Paramount Global ’s Pluto TV—and device makers such as Roku Inc.’s Roku Channel and Amazon.com Inc.’s Freevee.

☆ Streaming Platforms Are Embracing Ads—but Will the Advertisers Love Them Back?
▼ + stars: | 2022-10-18 | by ( Suzanne Vranica | ) www.wsj.com time to read: 1 min

☆ Kroger-Albertsons Merger Would Create a Big Player in Retail Advertising
▼ + stars: | 2022-10-14 | by ( Patrick Coffee | ) www.wsj.com time to read: +5 min

It also would create a big player in so-called retail media, one of advertising’s fastest-growing sectors. Kroger and Albertsons entered the retail advertising market in 2015 and 2021, respectively. Kroger and Albertsons don’t break out the ad revenue generated by their Kroger Precision Marketing and Albertsons Media Collective divisions. The merger of Kroger and Albertsons would create a fourth market leader at more than 13% market share, Mr. Lipsman said. For marketers, that would help simplify the retail ad market for consumer-goods brands and other advertisers who currently confront a rapidly increasing number of offerings.

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