ROKU INC
For the period ended Jun 30, 2024. Filed Aug 2, 2024.
View on SEC.govAbout this filing
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.
Jun 30, 2024 · Filed Aug 2, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
6. Content Assets
- CONTENT ASSETS
Content assets, net consisted of the following (in thousands):
| As of | ||
|---|---|---|
| June 30, 2024 | December 31, 2023 | |
| Licensed content, net and advances | $143,381 | $148,777 |
| Produced content: | ||
| Released, less amortization | 60,165 | 77,951 |
| Completed, not released | 21,478 | 11,235 |
| In production | 25,012 | 38,275 |
| Total produced content, net | 106,655 | 127,461 |
| Total Content assets, net and advances | $250,036 | $276,238 |
| Current portion (included in Prepaid expenses and other current assets) | $9,440 | $18,843 |
| Non-current portion | $240,596 | $257,395 |
Amortization of content assets is included in Cost of revenue, platform in the condensed consolidated statements of operations and is as follows (in thousands):
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2023 | |
| Licensed content | $37,234 | $44,648 | $74,235 | $87,236 |
| Produced content | 11,090 | 8,264 | 21,980 | 15,078 |
| Total amortization costs | $48,324 | $52,912 | $96,215 | $102,314 |
During the three and six months ended June 30, 2024, the Company wrote-off $11.8 million of unamortized costs related to produced content assets that were removed from the content library on The Roku Channel. No unamortized costs of licensed or produced content assets were written off during the three and six months ended June 30, 2023.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.