Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Roku, the leading streaming entertainment provider, delivered a strong fourth quarter and year-ended 2023 earnings as announced during the company's earnings conference call.</li><li>Roku's CEO, Anthony Wood, and CFO, Dan Jedda, along with other executive members, shared insights into the company's financials and business trajectory.</li><li>On a positive note, Roku achieved adjusted EBITDA and free cash flow a year ahead of schedule, demonstrating the company's focus on operational improvements and platform revenue growth.</li></ul>

Roku, the leading streaming entertainment provider, delivered a strong fourth quarter and year-ended 2023 earnings as announced during the company's earnings conference call.Roku's CEO, Anthony Wood, and CFO, Dan Jedda, along with other executive members, shared insights into the company's financials and business trajectory.On a positive note, Roku achieved adjusted EBITDA and free cash flow a year ahead of schedule, demonstrating the company's focus on operational improvements and platform revenue growth.

Roku Inc.: A Diversified Monetization Strategy Can Save The Day? - Major Drivers

<ul><li>Roku delivered mixed results for the previous quarter, with revenues below the analyst consensus.</li><li>Roku ended the quarter with a global active account base of 75.8 million, marking a robust 16% year-over-year growth.</li><li>Devices revenue experienced a substantial 33% year-over-year surge, fueled by the introduction of Roku-branded TVs and smart home products.</li></ul>

Roku delivered mixed results for the previous quarter, with revenues below the analyst consensus.Roku ended the quarter with a global active account base of 75.8 million, marking a robust 16% year-over-year growth.Devices revenue experienced a substantial 33% year-over-year surge, fueled by the introduction of Roku-branded TVs and smart home products.

Roku Inc.: A Glimpse Into the Future of Digital Entertainment! - Major Drivers

<ul><li>Roku Inc. managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.</li><li>The company demonstrated growth in scale, engagement, and platform revenue.</li><li>Roku's TV streaming platform and its innovation and scale continue to attract users, advertisers, streaming services, and content owners.</li></ul>

Roku Inc. managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.The company demonstrated growth in scale, engagement, and platform revenue.Roku's TV streaming platform and its innovation and scale continue to attract users, advertisers, streaming services, and content owners.

Roku Inc.: What Strategies Are Making It the Top-selling TV OS? - Financial Forecasts

Independent Investment Research & Investor, Maverick Equity Research

Maverick Equity Research

Independent Investment Research & Investor

Independent Investment Research & Investor: value, dividend and growth stocks. Risk management & hedging for an all weather portfolio.

Thematic (Sector/Industry)

<ul><li>All 6 ETFs positive in 2023 while ARKW ARKF ARKK ARKQ booming with 35%, 27%, 25% &amp; 17% respectively.</li><li>Risk appetite for the Innovation/Hyper Growth thematic is on!</li><li>Enhanced Price Action view: Ark 6 ETFs 2023 Returns &amp; Rebounders from their 52-week low + I added S&amp;P 500 (SPY) and the Nasdaq 100 (QQQ) for comparison</li></ul>

All 6 ETFs positive in 2023 while ARKW ARKF ARKK ARKQ booming with 35%, 27%, 25% &amp; 17% respectively.Risk appetite for the Innovation/Hyper Growth thematic is on!Enhanced Price Action view: Ark 6 ETFs 2023 Returns &amp; Rebounders from their 52-week low + I added S&amp;P 500 (SPY) and the Nasdaq 100 (QQQ) for comparison

Equity Capital Markets

<ul><li>Roku struggled amidst the controversy associated with its huge exposure to SVB (nearly 26% of its total cash reserves).</li><li>The collapse of the bank resulted in a significant level of panic among the company’s investors.</li><li>While Q4 platform revenue exceeded its estimates and platform revenue was up 5% year over year to $731 million, inflation and macroeconomic uncertainties continue to put pressure on consumers and advertisers.</li></ul>

Roku struggled amidst the controversy associated with its huge exposure to SVB (nearly 26% of its total cash reserves).The collapse of the bank resulted in a significant level of panic among the company’s investors.While Q4 platform revenue exceeded its estimates and platform revenue was up 5% year over year to $731 million, inflation and macroeconomic uncertainties continue to put pressure on consumers and advertisers.

Roku Inc.: The SVB Nightmare & Other Developments

United States

Roku, Inc. designs and manufactures consumer electronic products. The Company offers wireless enabled devices that stream audio and video content from the internet to home entertainment systems. Roku serves customers globally.

Roku (ROKU US)

Roku Inc.: A Diversified Monetization Strategy Can Save The Day? - Major Drivers

Roku, the leading streaming entertainment provider, delivered a strong fourth quarter and year-ended 2023 earnings as announced during the...

Baptista Research

Roku Inc.: A Glimpse Into the Future of Digital Entertainment! - Major Drivers

Roku delivered mixed results for the previous quarter, with revenues below the analyst consensus. Roku ended the quarter with a global active...

Baptista Research

Roku Inc.: What Strategies Are Making It the Top-selling TV OS? - Financial Forecasts

Roku Inc. managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. The company demonstrated growth in...

Baptista Research

ARK Invest Short & Squeeze - Edition #3

All 6 ETFs positive in 2023 while ARKW ARKF ARKK ARKQ booming with 35%, 27%, 25% & 17% respectively. Risk appetite for the Innovation/Hyper Growth...

Maverick Equity Research

Roku Inc.: The SVB Nightmare & Other Developments

Roku struggled amidst the controversy associated with its huge exposure to SVB (nearly 26% of its total cash reserves). The collapse of the bank...

Baptista Research