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10 May, 2022 - 21:59 By Tony Quested

Jobs streaming in at Roku’s Cambridge Science Park base

Scaling up at Cambridge Science Park at the back end of last year has proved an inspirational move by US streaming company Roku.

The NASDAQ-quoted company is currently recruiting for 68 staff at the expanded Cambridge base.

Roku took a 120,000 sq ft office at Cambridge Science Park last September in the largest transaction in the city since 2016 – a deal secured by Bidwells acting for Chinese powerhouse TusPark.

Now it is building up a huge head of steam from the Science Park stronghold. Roles encompass a range of data science, senior software, Linux, AWS DevOps and Cloud engineering jobs among many others. 

The recruitment surge coincides with what founder and CEO Anthony Wood and CFO Steve Louden described as a solid first quarter performance with Platform revenue up 39 per cent year-over-year boosted by higher content distribution and advertising revenue. 

In particular, The Roku Channel’s expanding Active Account reach and Streaming Hour engagement have significantly increased the advertising opportunities available on our platform. 

The executives said: “As a leader in TV streaming with an established track record of innovation, we plan to continue to invest in the large opportunities ahead as consumers, content owners, and advertisers continue to shift to TV streaming.”

Total net Q1 revenue grew 28 per cent year-over-year to $734 million with gross profit up 12 per cent to $365m.

The executives added: “We have delivered a solid performance in a challenging operating environment and expect that we will continue to navigate through macro headwinds, including inflationary pressures, geopolitical conflict, and supply chain disruptions. 

“In the near term, we expect these disruptions will continue to pressure our player gross margin and industry-wide TV unit sales and have the potential to reduce or delay ad spend in certain verticals. 

“We believe that these near-term headwinds are dwarfed by the long-term opportunities in the secular shift to TV streaming and TV OS consolidation. We believe the enormous value we deliver to consumers, content owners, and advertisers will continue to drive our growth both in Q2 and for the full year. 

“Our Q2 outlook is for total net revenue to increase approximately 25 per cent year-over-year to $805 million. We anticipate total gross profit of roughly $395 million, and breakeven adjusted EBITDA. For the full year, we continue to expect total net revenue growth to be 35 per cent year-over-year.”

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