ROKU INC
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 26, 2024
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14. Segment Information
- SEGMENT INFORMATION
The Company is organized intotwo reportable segments as follows:
Platform revenue is generated from the sale of digital advertising (including direct and programmatic video advertising, media and entertainment promotional spending, and related services) and streaming services distribution (including subscription and transaction revenue shares, the sale of Premium Subscriptions, and the sale of branded app buttons on remote controls).
Devices
Devices revenue is generated from the sale of streaming players, Roku-branded TVs, smart home products and services, audio products, and related accessories as well as revenue from licensing arrangements with service operators.
Customers accounting for 10% or more of segment revenue, net, were as follows:
| Three Months Ended | ||
|---|---|---|
| March 31, 2024 | March 31, 2023 | |
| Platform segment revenue: | ||
| Customer I | * | 14% |
| Devices segment revenue: | ||
| Customer A | 23% | * |
| Customer B | 17% | 11% |
| Customer C | 29% | 38% |
- Less than 10%
Revenue in international markets was less than 10% in each of the periods presented.
Long-lived assets, net
The following table presents long-lived assets, net, which consist primarily of property and equipment and operating lease right-of-use assets, by geographic area (in thousands):
| As of | ||
|---|---|---|
| March 31, 2024 | December 31, 2023 | |
| United States | $479,482 | $497,024 |
| United Kingdom | 105,595 | 109,315 |
| Other countries | 24,515 | 29,661 |
| Total | $609,592 | $636,000 |
The Company recorded impairment charges for certain operating lease right-of-use assets and property and equipment during the three months ended March 31, 2024 and 2023. See Note 15 to the condensed consolidated financial statements for additional information.
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