Roku Inc Q1 2021 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: David James Beckel - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : I have 2 questions. The first is around media and entertainment ad growth, which I think you have really brought up for the first time in a meaningful way this quarter. I'm curious if you can help enlighten us as to how that rate of growth this quarter as compared to prior, because I would imagine that the dynamic here of direct-to-consumer apps and content competition will only grow going forward? And then second question, I'm curious how material OneView's third-party business is, that is revenue for ads that are maybe placed outside of Roku's platform or third-party publishers using the DSP on the Roku platform? Is that becoming a material part of the business or more material maybe than it was when you purchased it?

Question: Shweta R. Khajuria - Evercore ISI Institutional Equities, Research Division - Analyst : Let me try a couple, please. One, how meaningful is international today? And can you help us think about how you measure success in international markets maybe this year or next year? Some sort of color on how we should think about the materiality of international. That's first. And then the second is, Steve, you -- in your last shareholder letter, not this one, but the last one, you had said operating expense growth for the full year to be comparable to 2019 levels as we think about full year EBITDA. Does that still hold?

Question: Shweta R. Khajuria - Evercore ISI Institutional Equities, Research Division - Analyst : Well, so in your Q4 shareholder letter, you said that you expect operating expense growth rate to be comparable to 2019 levels for the full year. Is that -- are you reiterating that still for the full year? And I'm asking because that would impact full year EBITDA the way we think about it.