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Communication Services - Entertainment - NASDAQ - US
$ 68.87
-7.33 %
$ 10 B
Market Cap
-57.87
P/E
1. INTRINSIC VALUE

Roku, Inc., together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts. It also provides digital and video advertising, content distribution, subscription, and billing services, as well as other commerce transactions, and brand sponsorship and promotions; and manufactures, sells, and licenses smart TVs under the Roku TV name. In addition, the company offers streaming players, and audio products and accessories under the Roku brand name; and sells branded channel buttons on remote controls of streaming devices.[ Read More ]

The intrinsic value of one ROKU stock under the base case scenario is HIDDEN Compared to the current market price of 68.9 USD, Roku, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart ROKU

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FINANCIALS
3.48 B REVENUE
11.45%
-792 M OPERATING INCOME
-49.26%
-710 M NET INCOME
-42.48%
256 M OPERATING CASH FLOW
2069.19%
-92.6 M INVESTING CASH FLOW
54.08%
-61.2 M FINANCING CASH FLOW
-732.83%
1.06 B REVENUE
9.71%
-35.8 M OPERATING INCOME
40.95%
-9.03 M NET INCOME
73.40%
88.1 M OPERATING CASH FLOW
2108.10%
-21.1 M INVESTING CASH FLOW
-2306.40%
-43.2 M FINANCING CASH FLOW
-10360.91%
Balance Sheet Decomposition Roku, Inc.
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Current Assets 3.07 B
Cash & Short-Term Investments 2.03 B
Receivables 834 M
Other Current Assets 213 M
Non-Current Assets 1.19 B
Long-Term Investments 0
PP&E 636 M
Other Non-Current Assets 553 M
Current Liabilities 1.28 B
Accounts Payable 385 M
Short-Term Debt 68.1 M
Other Current Liabilities 822 M
Non-Current Liabilities 660 M
Long-Term Debt 586 M
Other Non-Current Liabilities 73.8 M
EFFICIENCY
Earnings Waterfall Roku, Inc.
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Revenue 3.48 B
Cost Of Revenue 1.96 B
Gross Profit 1.52 B
Operating Expenses 2.31 B
Operating Income -792 M
Other Expenses -82.8 M
Net Income -710 M
RATIOS
43.70% GROSS MARGIN
43.70%
-22.74% OPERATING MARGIN
-22.74%
-20.36% NET MARGIN
-20.36%
-30.50% ROE
-30.50%
-16.65% ROA
-16.65%
-34.55% ROIC
-34.55%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Roku, Inc.
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Net Income -710 M
Depreciation & Amortization 128 M
Capital Expenditures -82.6 M
Stock-Based Compensation 370 M
Change in Working Capital -7.27 M
Others 261 M
Free Cash Flow 173 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Roku, Inc.
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Wall Street analysts predict an average 1-year price target for ROKU of $78.1 , with forecasts ranging from a low of $60 to a high of $120 .
ROKU Lowest Price Target Wall Street Target
60 USD -12.88%
ROKU Average Price Target Wall Street Target
78.1 USD 13.42%
ROKU Highest Price Target Wall Street Target
120 USD 74.24%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Roku, Inc.
image
Sold
0-3 MONTHS
7.84 M USD 5
3-6 MONTHS
1.71 M USD 5
6-9 MONTHS
2.03 M USD 4
9-12 MONTHS
17.9 M USD 8
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
512 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
6 days ago
Nov 11, 2024
Sell 1.88 M USD
Wood Anthony J.
CEO and Chairman BOD
- 25000
75 USD
2 weeks ago
Nov 01, 2024
Sell 13.3 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 210
63.36 USD
1 month ago
Oct 15, 2024
Sell 76.2 K USD
Jedda Dan
CFO
- 1000
76.25 USD
1 month ago
Oct 10, 2024
Sell 1.59 M USD
Wood Anthony J.
CEO and Chairman BOD
- 20581
77.07 USD
1 month ago
Oct 10, 2024
Sell 344 K USD
Wood Anthony J.
CEO and Chairman BOD
- 4419
77.79 USD
1 month ago
Oct 01, 2024
Sell 16 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 211
75.66 USD
2 months ago
Sep 17, 2024
Sell 75.3 K USD
Jedda Dan
CFO
- 1000
75.33 USD
2 months ago
Sep 12, 2024
Sell 1.16 M USD
Collier Charles
President, Roku Media
- 15454
75 USD
2 months ago
Sep 12, 2024
Sell 1.88 M USD
Wood Anthony J.
CEO and Chairman BOD
- 25000
75 USD
2 months ago
Sep 04, 2024
Sell 109 K USD
Fuchsberg Gilbert
President, Subscriptions
- 1693
64.39 USD
2 months ago
Sep 04, 2024
Sell 465 K USD
Collier Charles
President, Roku Media
- 7181
64.69 USD
2 months ago
Sep 04, 2024
Sell 233 K USD
Collier Charles
President, Roku Media
- 3590
65 USD
2 months ago
Sep 04, 2024
Sell 13.4 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 208
64.39 USD
4 months ago
Jul 16, 2024
Sell 233 K USD
Collier Charles
President, Roku Media
- 3590
65 USD
5 months ago
Jun 13, 2024
Sell 674 K USD
KAY STEPHEN H
SVP General Counsel, Secretary
- 12124
55.59 USD
5 months ago
Jun 10, 2024
Sell 37.6 K USD
Fyfield Mai
Director
- 650
57.88 USD
5 months ago
Jun 04, 2024
Sell 190 K USD
KAY STEPHEN H
SVP General Counsel, Secretary
- 3322
57.09 USD
5 months ago
Jun 04, 2024
Sell 11.9 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 208
57.09 USD
5 months ago
Jun 05, 2024
Sell 48.5 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 838
57.83 USD
5 months ago
Jun 04, 2024
Sell 109 K USD
Fuchsberg Gilbert
SVP, Subscriptions & Corp Dev
- 1908
57.09 USD
5 months ago
Jun 04, 2024
Sell 410 K USD
Collier Charles
President, Roku Media
- 7181
57.03 USD
6 months ago
May 01, 2024
Sell 11.8 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 206
57.28 USD
7 months ago
Apr 01, 2024
Sell 13.5 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 207
65.27 USD
8 months ago
Mar 13, 2024
Bought 512 K USD
Blackburn Jeffrey M
Director
+ 8000
63.96 USD
8 months ago
Mar 08, 2024
Sell 272 K USD
Collier Charles
President, Roku Media
- 4182
65 USD
8 months ago
Mar 04, 2024
Sell 272 K USD
KAY STEPHEN H
SVP General Counsel, Secretary
- 4310
63.2 USD
8 months ago
Mar 04, 2024
Sell 121 K USD
Fuchsberg Gilbert
SVP, Subscriptions & Corp Dev
- 1908
63.2 USD
8 months ago
Mar 04, 2024
Sell 529 K USD
Collier Charles
President, Roku Media
- 8365
63.2 USD
8 months ago
Mar 01, 2024
Sell 12.9 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 204
63.2 USD
8 months ago
Feb 22, 2024
Sell 799 K USD
Collier Charles
President, Roku Media
- 12277
65.06 USD
9 months ago
Feb 12, 2024
Sell 38.6 K USD
Wood Anthony J.
CEO and Chairman BOD
- 400
96.61 USD
9 months ago
Feb 12, 2024
Sell 307 K USD
Wood Anthony J.
CEO and Chairman BOD
- 3129
98.08 USD
9 months ago
Feb 12, 2024
Sell 1.93 M USD
Wood Anthony J.
CEO and Chairman BOD
- 19571
98.68 USD
9 months ago
Feb 12, 2024
Sell 189 K USD
Wood Anthony J.
CEO and Chairman BOD
- 1900
99.52 USD
10 months ago
Jan 10, 2024
Sell 2.26 M USD
Wood Anthony J.
CEO and Chairman BOD
- 25000
90.5 USD
10 months ago
Jan 02, 2024
Sell 18.6 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 205
90.55 USD
11 months ago
Dec 13, 2023
Sell 432 K USD
Wood Anthony J.
CEO and Chairman BOD
- 4460
96.94 USD
11 months ago
Dec 13, 2023
Sell 399 K USD
Wood Anthony J.
CEO and Chairman BOD
- 4072
97.94 USD
11 months ago
Dec 13, 2023
Sell 487 K USD
Wood Anthony J.
CEO and Chairman BOD
- 4916
99 USD
11 months ago
Dec 13, 2023
Sell 125 K USD
Wood Anthony J.
CEO and Chairman BOD
- 1252
99.89 USD
11 months ago
Dec 13, 2023
Sell 182 K USD
Wood Anthony J.
CEO and Chairman BOD
- 1800
101.02 USD
11 months ago
Dec 13, 2023
Sell 826 K USD
Wood Anthony J.
CEO and Chairman BOD
- 8100
102.02 USD
11 months ago
Dec 13, 2023
Sell 41.1 K USD
Wood Anthony J.
CEO and Chairman BOD
- 400
102.72 USD
11 months ago
Dec 14, 2023
Sell 3.5 M USD
Ozgen Mustafa
Pres, Devices, Prod, and Tech
- 33684
103.9 USD
11 months ago
Dec 01, 2023
Sell 21.3 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 206
103.59 USD
1 year ago
Nov 16, 2023
Sell 382 K USD
Katz Gidon
President, Consumer Experience
- 4295
89.03 USD
1 year ago
Nov 16, 2023
Sell 127 K USD
Katz Gidon
President, Consumer Experience
- 1409
90.14 USD
1 year ago
Nov 15, 2023
Sell 401 K USD
Katz Gidon
President, Consumer Experience
- 4455
90 USD
1 year ago
Nov 16, 2023
Sell 437 K USD
Ozgen Mustafa
President, Devices
- 4906
89.03 USD
1 year ago
Nov 16, 2023
Sell 635 K USD
Jedda Dan
CFO
- 7138
89.03 USD
1 year ago
Nov 16, 2023
Sell 297 K USD
Wood Anthony J.
CEO and Chairman BOD
- 3333
89.03 USD
1 year ago
Nov 16, 2023
Sell 347 K USD
Fuchsberg Gilbert
SVP, Corporate Development
- 3903
89.03 USD
1 year ago
Nov 17, 2023
Sell 140 K USD
Fuchsberg Gilbert
SVP, Corporate Development
- 1574
89.19 USD
1 year ago
Nov 16, 2023
Sell 288 K USD
KAY STEPHEN H
SVP General Counsel, Secretary
- 3238
89.03 USD
1 year ago
Nov 17, 2023
Sell 104 K USD
KAY STEPHEN H
SVP General Counsel, Secretary
- 1166
89.19 USD
1 year ago
Nov 16, 2023
Sell 1.36 M USD
Collier Charles
President, Roku Media
- 15326
89.03 USD
1 year ago
Nov 17, 2023
Sell 1.25 M USD
Collier Charles
President, Roku Media
- 14014
89.19 USD
1 year ago
Nov 16, 2023
Sell 755 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 8480
89.03 USD
1 year ago
Nov 17, 2023
Sell 606 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 6794
89.19 USD
1 year ago
Nov 03, 2023
Sell 157 K USD
Katz Gidon
President, Consumer Experience
- 1968
80 USD
1 year ago
Nov 01, 2023
Sell 12.3 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 208
59.14 USD
1 year ago
Nov 03, 2023
Sell 195 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 2296
85.03 USD
1 year ago
Oct 02, 2023
Sell 14.6 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 208
70.2 USD
1 year ago
Sep 14, 2023
Sell 156 K USD
Katz Gidon
President, Consumer Experience
- 1968
79.14 USD
1 year ago
Sep 05, 2023
Sell 62.3 K USD
KAY STEPHEN H
SVP General Counsel, Secretary
- 754
82.69 USD
1 year ago
Sep 06, 2023
Sell 130 K USD
KAY STEPHEN H
SVP General Counsel, Secretary
- 1397
92.89 USD
1 year ago
Sep 05, 2023
Sell 198 K USD
Ozgen Mustafa
President, Devices
- 2390
82.69 USD
1 year ago
Sep 05, 2023
Sell 343 K USD
Katz Gidon
President, Consumer Experience
- 4145
82.69 USD
1 year ago
Sep 05, 2023
Sell 438 K USD
Jedda Dan
CFO
- 5297
82.69 USD
1 year ago
Sep 05, 2023
Sell 198 K USD
Fuchsberg Gilbert
SVP, Corporate Development
- 2394
82.69 USD
1 year ago
Sep 06, 2023
Sell 148 K USD
Fuchsberg Gilbert
SVP, Corporate Development
- 1596
92.89 USD
1 year ago
Sep 05, 2023
Sell 1.25 M USD
Collier Charles
President, Roku Media
- 15168
82.69 USD
1 year ago
Sep 05, 2023
Sell 1.14 M USD
Collier Charles
President, Roku Media
- 14172
80.58 USD
1 year ago
Sep 06, 2023
Sell 1.32 M USD
Collier Charles
President, Roku Media
- 14172
92.89 USD
1 year ago
Sep 05, 2023
Sell 104 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 1259
82.69 USD
1 year ago
Sep 06, 2023
Sell 19 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 205
92.89 USD
1 year ago
Jul 31, 2023
Sell 522 K USD
KAY STEPHEN H
SVP General Counsel, Secretary
- 5692
91.68 USD
1 year ago
Jun 12, 2023
Sell 27.8 K USD
Fyfield Mai
Director
- 398
69.86 USD
1 year ago
Jun 02, 2023
Sell 408 K USD
Katz Gidon
President, Consumer Experience
- 6785
60.06 USD
1 year ago
Jun 02, 2023
Sell 113 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 1886
60.06 USD
1 year ago
Jun 05, 2023
Sell 97.5 K USD
Banks Matthew C.
VP, Corp Controller & CAO
- 1614
60.42 USD
1 year ago
Jun 02, 2023
Sell 45.3 K USD
KAY STEPHEN H
SVP General Counsel, Secretary
- 754
60.06 USD
1 year ago
Jun 05, 2023
Sell 83 K USD
KAY STEPHEN H
SVP General Counsel, Secretary
- 1397
59.44 USD
1 year ago
Jun 02, 2023
Sell 220 K USD
Ozgen Mustafa
President, Devices
- 3668
60.06 USD
1 year ago
Jun 02, 2023
Sell 911 K USD
Collier Charles
President, Roku Media
- 15168
60.06 USD
1 year ago
Jun 02, 2023
Sell 192 K USD
Fuchsberg Gilbert
SVP, Corporate Development
- 3197
60.06 USD
1 year ago
Jun 05, 2023
Sell 127 K USD
Fuchsberg Gilbert
SVP, Corporate Development
- 2129
59.44 USD
1 year ago
May 10, 2023
Sell 212 K USD
Katz Gidon
President, Consumer Experience
- 3694
57.5 USD
1 year ago
Mar 02, 2023
Sell 426 K USD
Katz Gidon
President, Consumer Experience
- 6886
61.93 USD
1 year ago
Mar 02, 2023
Sell 201 K USD
Fuchsberg Gilbert
SVP, Corporate Development
- 3242
61.93 USD
1 year ago
Mar 03, 2023
Sell 134 K USD
Fuchsberg Gilbert
SVP, Corporate Development
- 2089
64.34 USD
1 year ago
Mar 02, 2023
Sell 47.4 K USD
KAY STEPHEN H
SVP General Counsel, Secretary
- 765
61.93 USD
1 year ago
Mar 03, 2023
Sell 89.2 K USD
KAY STEPHEN H
SVP General Counsel, Secretary
- 1386
64.34 USD
1 year ago
Mar 02, 2023
Sell 546 K USD
Ozgen Mustafa
President, Devices
- 8812
61.93 USD
1 year ago
Mar 02, 2023
Sell 803 K USD
Collier Charles
President, Roku Media
- 12970
61.93 USD
1 year ago
Feb 16, 2023
Sell 207 K USD
KAY STEPHEN H
SVP General Counsel, Secretary
- 2763
75 USD
1 year ago
Dec 01, 2022
Sell 121 K USD
Fuchsberg Gilbert
SVP, Corporate Development
- 2040
59.16 USD
2 years ago
Nov 16, 2022
Sell 396 K USD
Katz Gidon
President, Consumer Experience
- 7010
56.46 USD
2 years ago
Nov 16, 2022
Sell 506 K USD
Ozgen Mustafa
President, Devices
- 8970
56.46 USD
2 years ago
Nov 16, 2022
Sell 82.9 K USD
KAY STEPHEN H
SVP General Counsel, Secretary
- 1469
56.46 USD
2 years ago
Nov 16, 2022
Sell 186 K USD
Fuchsberg Gilbert
SVP, Corporate Development
- 3300
56.46 USD
2 years ago
Sep 02, 2022
Sell 95.9 K USD
KAY STEPHEN H
SVP General Counsel, Secretary
- 1433
66.94 USD
2 years ago
Sep 01, 2022
Sell 81.2 K USD
KAY STEPHEN H
SVP General Counsel, Secretary
- 1232
65.9 USD
2 years ago
Sep 01, 2022
Sell 215 K USD
Fuchsberg Gilbert
SVP, Corporate Development
- 3218
66.94 USD
2 years ago
Sep 01, 2022
Sell 586 K USD
Ozgen Mustafa
SVP and GM of Account Acquisit
- 8749
66.94 USD
2 years ago
Aug 23, 2022
Sell 8.25 K USD
Fyfield Mai
director:
- 116
71.15 USD
2 years ago
Jun 08, 2022
Sell 497 K USD
Ozgen Mustafa
SVP and GM of Account Acquisit
- 4973
100 USD
2 years ago
Jun 02, 2022
Sell 62.4 K USD
KAY STEPHEN H
SVP General Counsel, Secretary
- 668
93.41 USD
2 years ago
Jun 01, 2022
Sell 115 K USD
KAY STEPHEN H
SVP General Counsel, Secretary
- 1237
92.58 USD
2 years ago
Jun 01, 2022
Sell 469 K USD
Ozgen Mustafa
SVP and GM of Account Acquisit
- 5016
93.41 USD
2 years ago
Jun 02, 2022
Sell 183 K USD
Rosenberg Scott A.
GM, Sr. VP Platform Business
- 1957
93.41 USD
2 years ago
Jun 01, 2022
Sell 268 K USD
Rosenberg Scott A.
GM, Sr. VP Platform Business
- 2892
92.58 USD
7. News
Roku, Inc. (ROKU) Is a Trending Stock: Facts to Know Before Betting on It Zacks.com users have recently been watching Roku (ROKU) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects. zacks.com - 1 day ago
'The Top 10' - The New Hit Show for Small Businesses is Casting in Los Angeles as Seen on CBS, Roku, and the Destination Channel LOS ANGELES, Nov. 11, 2024 (GLOBE NEWSWIRE) -- The Destination Series, leading in innovative and compelling content, is thrilled to announce the premiere of 'The Top 10', a new breakthrough show specially designed for groundbreaking ROI for small businesses. In a dynamic era where small businesses face numerous challenges and opportunities, 'The Top 10' emerges as a powerful platform for them to share their stories and gain essential tools for success. globenewswire.com - 5 days ago
Roku: A Long-Term Opportunity Amid Recent Drop Roku's Q3 2024 revenue surpassed $1 billion for the first time, driven by a 16% YoY increase in platform services and improving operating margins. Despite recent stock volatility and a cautious Q4 earnings outlook, the streaming giant continues to expand its advertising reach through strategic partnerships and new monetization features. Roku is capitalizing on global streaming growth by targeting international markets, with plans to expand household reach to 100 million by 2025. seekingalpha.com - 5 days ago
My 2 Favorite Stocks to Buy Right Now Check out these overlooked investment opportunities. Like Warren Buffett, you should be greedy when others are fearful. fool.com - 1 week ago
Could Roku Stock's Post-Earnings Sell-Off Be a Huge Buying Opportunity for Investors? The streaming video powerhouse's guidance appears to have left the market cold. fool.com - 1 week ago
4 Broadcast Radio & TV Stocks to Watch From a Challenging Industry Radio and television broadcast companies like NFLX, FOXA, ROKU and TGNA benefit from higher content consumption and steady digital viewing despite intense competition for ad revenues. zacks.com - 1 week ago
Analysts Signal Big Upside: Top 3 Stocks to Watch Right Now Retail investors can have a significant advantage over others by following Wall Street analysts' trends, especially in the way they shift their ratings and price targets for certain stocks. Today, three names give investors an opportunity to reverse engineer some of the recent analyst upgrades to determine whether they are Buys across the board. marketbeat.com - 1 week ago
5 Top Stocks to Buy in November From blue chip dividend stocks to industry-leading growth stocks, there are plenty of bargains in today's market if you know where to look. fool.com - 1 week ago
3 Reasons Not to Give Up on Roku Stock Roku has continued to frustrate investors, but a closer look at the stock may offer hope. fool.com - 1 week ago
Could Roku Be a Millionaire-Maker Stock? The streaming media leader remains a divisive investment. fool.com - 1 week ago
Roku Plunges on Guidance. Is the Stock a Buy on the Dip? Shares of the streaming company are down 25% this year. fool.com - 1 week ago
Investors Heavily Search Roku, Inc. (ROKU): Here is What You Need to Know Zacks.com users have recently been watching Roku (ROKU) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects. zacks.com - 1 week ago
8. Profile Summary

Roku, Inc. ROKU

image
COUNTRY US
INDUSTRY Entertainment
MARKET CAP $ 10 B
Dividend Yield 0.00%
Description Roku, Inc., together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts. It also provides digital and video advertising, content distribution, subscription, and billing services, as well as other commerce transactions, and brand sponsorship and promotions; and manufactures, sells, and licenses smart TVs under the Roku TV name. In addition, the company offers streaming players, and audio products and accessories under the Roku brand name; and sells branded channel buttons on remote controls of streaming devices. It provides its products and services through retailers and distributors, as well as directly to customers through its website in the United States, Canada, the United Kingdom, France, Mexico, Brazil, Chile, Peru, North and South Americas, and Europe. Roku, Inc. was incorporated in 2002 and is headquartered in San Jose, California.
Contact 1155 Coleman Avenue, San Jose, CA, 95110 https://www.roku.com
IPO Date Sept. 28, 2017
Employees 3150
Officers Mr. Anthony J. Wood Founder, Chairman, President & Chief Executive Officer Mr. Mustafa Ozgen President of Devices, Product & Technology Mr. Charlie Collier President of Roku Media Ms. Louise Pentland Senior Vice President & General Counsel Mr. Conrad Grodd Vice President of Investor Relations Mr. Matthew C. Banks Vice President, Corporate Controller & Chief Accounting Officer Mr. Gilbert Fuchsberg Senior Vice President of Subscriptions, Partnerships & Corporate Development Mr. Gidon Arieh Katz SVice President of Platform Products and User Experience