{"id":39257,"date":"2025-11-07T06:03:58","date_gmt":"2025-11-07T06:03:58","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/39257\/"},"modified":"2025-11-07T06:03:58","modified_gmt":"2025-11-07T06:03:58","slug":"roku-trims-core-loss-forecast-plans-to-reduce-10-workforce","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/39257\/","title":{"rendered":"Roku trims core loss forecast, plans to reduce 10% workforce"},"content":{"rendered":"

Sept 6 (Reuters) – Roku (ROKU.O), opens new tab<\/a> on Wednesday trimmed its adjusted operating loss forecast for the third quarter and said it would lay off 10% of its staff as well as cut down on some office space, sending the company’s shares 12% higher.<\/p>\n

Roku also raised its quarterly revenue forecast, a sign that advertising spending was continuing to improve thanks to cooling inflation and hopes of a pause in interest rate hikes.<\/p>\n

Sign up here.<\/a><\/p>\n

The streaming device maker, which has its own ad-supported channel, in February said it aims to turn a profit<\/a> in 2024 as it strives to drastically cut costs.<\/p>\n

Roku, which faces pressure from larger streaming firms, had laid off about 400 employees in two cycles since November. It had about 3,600 full-time employees as of December.<\/p>\n

The San Jose, California-based company now expects adjusted core loss in the range of $40 million to $20 million for the quarter ending September, compared with its earlier forecast of $50 million.<\/p>\n

Roku forecast total net revenue to be between $835 million and $875 million, higher than its previous projection of $815 million.<\/p>\n

Roku also said it would consolidate offices, reduce expenses on outside services and review its content portfolio.<\/p>\n

It expects to take on $160 million to $200 million in impairment charges related to the closure of some offices and $55 million to $65 million related to removing select licensed and produced content from Roku-operated services on its TV streaming platform.<\/p>\n

Roku would also take a $45 million to $65 million charge in connection with the workforce reduction, expected to be completed by this year end.<\/p>\n

At least six brokerages raised their price targets on Roku after the restructuring announcement, according LSEG data.<\/p>\n

“When the cyclical nature of advertising turns more positive … it (Roku) will have a better cost structure to drive scale once the macro environment turns more favorable,” said analysts at William Blair.<\/p>\n

Reporting by Yuvraj Malik in Bengaluru; Additional reporting by Akash Sriram Editing by Savio D’Souza, Shilpi Majumdar and Maju Samuel<\/p>\n

Our Standards: The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n

Purchase Licensing Rights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Sept 6 (Reuters) – Roku (ROKU.O), opens new tab on Wednesday trimmed its adjusted operating loss forecast for…\n","protected":false},"author":2,"featured_media":28687,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[5932,132,134,133,5913,5914,19537,12495,24234,5915,12496,24229,24235,24228,19538,24233,4932,24236,5922,24230,24237,19539,24231,5933,19540,5925,19541,19542,8801,1482,302,24232,5930,7387,7386,393],"class_list":["post-39257","post","type-post","status-publish","format-standard","has-post-thumbnail","category-austin","tag-amers","tag-austin","tag-austin-headlines","tag-austin-news","tag-bact","tag-biz","tag-blr","tag-ccos","tag-cen","tag-cmpny","tag-cycs","tag-cycs08","tag-eco","tag-efbusiness-world-at-work","tag-entprd","tag-fin","tag-hot","tag-int","tag-job","tag-layofs","tag-mce","tag-mdia","tag-mdia08","tag-namer","tag-pub","tag-publ","tag-res","tag-resf","tag-show","tag-stx","tag-tech","tag-tech08","tag-tmt","tag-topcmb","tag-topnws","tag-us"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/39257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=39257"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/39257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/28687"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=39257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=39257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=39257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}