Roku Inc Q2 2022 Earnings Call Transcript

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

Question: Cory Alan Carpenter - JPMorgan Chase & Co, Research Division - Analyst : Hoping you could expand a bit on what you're seeing in the ad market? It sounds like you saw a pretty dramatic broad-based pullback. But any color on when you started to see the market turn or what verticals perhaps are most impacted would be helpful.

Question: Shweta R. Khajuria - Evercore ISI Institutional Equities, Research Division - Analyst : Okay. Let me try one on expenses and one on gross profit, please. So could you please talk a little bit about how much flexibility do you have in terms of pulling back on your expenses, not only this year, but how you're thinking about it just overall at a high level as we even think about next year without -- you don't have to officially guide, but just help us think through the potential here in terms of expense control? And where would you be slowing down most of your expenses? So would it be original content, international expansion product? Could you please provide color on that? And then the second question is on gross margins. Just help us with where -- how we should think about the stability of gross margins for the Platform segment, please? You've guided to Q3, but how should we think about the long-term potential of gross margin for platform?