![]() The company smashed analyst expectations for Q1, posting an unexpected net profit of $76.3 million and total sales up 79%.When This Old House host Kevin O'Connor takes the main stage at the Philadelphia Home Show this weekend, he'll represent the O.G. Overall, Roku gained 2.4 million new active accounts in the quarter to hit 53.6 million, a slight slowdown from 2020’s growth rates. ![]() households with an estimated 70 million people - more than doubling from Q1 2020. (The Roku deal does not include “New Yankee Workshop.”)ĭuring Q1 2021, Roku said, The Roku Channel reached U.S. The deal gives Roku ownership of global content distribution rights and all subsidiary brands, including the “This Old House” and “Ask This Old House” TV programs, show libraries of more than 1,500 episodes, all digital assets and the company’s TV production studio in Concord, Mass. Roku is acquiring all of Stamford, Conn.-based This Old House Ventures’ business. Roku said it incurred $2.2 million in acquisition-related expenses for the This Old House deal, which it recorded in general and administrative expenses. With the deal, about 55 employees of This Old House Ventures are joining Roku, including CEO Dan Suratt and the team behind the shows. Roku bought the company from private-equity firm TZP Group (which had acquired it in 2016 from Time Inc.). ![]() Variety previously reported that Roku was paying under $100 million for This Old House Ventures. New episodes will come to the streaming platform after they air on local PBS stations. Under the deal for This Old House Ventures, current seasons of “This Old House” (Season 42) and “Ask This Old House” (Season 19) will be available for free on The Roku Channel as on-demand episodes. Meanwhile, Roku also disclosed that it paid $39.1 million in cash for Nielsen’s Advanced Video Advertising business, which includes automatic content recognition and dynamic ad insertion technologies. Roku also recorded $5 million in goodwill on its balance sheet for Q1 from “other immaterial acquisitions.” It reported $47.6 million in goodwill for the This Old House acquisition. ![]()
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