Roku is looking to raise $100 million (€83.8 million) through an IPO, according to a regulatory filing posted Friday.
According to the papers the streaming media hardware and software platform lost close to $43 million on $399 million revenue. Since its debut Roku has racked up $244 million in losses.
Revenues are weighted towards the hardware side of the business. In the six months to June 30, 2017, Roku made $117,329 from its hardware business, compared to $82,391 from the platform.
Both Sky and Telstra offer subscribers branded versions of the Roku platform.
The filing also gives a view of the changing nature of the business; when the first player launched in 2008, Netflix accounted for 100% of streaming hours. In the six months ended June 30, 2017, Netflix accounted for approximately one-third of all hours streamed on the Roku platform, in line with Netflix’s approximately 35% share of traffic on North America fixed networks.
Roku has 395 employees in its research and development organisation.
