Roku, Inc. (ROKU) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

capitalize on the shift. That's the best news. Over the past couple of years, we've focused on building our programmatic capabilities, and that investment is absolutely paying off. In an environment like this that demands agility and programmatic advertising is gaining share because, I think, Corey, most of all, it offers the flexibility and performance that advertisers need, and that enables them to launch their campaigns quickly and adjust in real time. In the near term, we expect some of the high-touch guaranteed business to be delayed or possibly scaled back in favor of more flexible, non-guaranteed programmatic buys. But this trend really aligns well with Roku's strategic direction and our focus on programmatic excellence. Thank you. One moment for our next question. Our next question comes from Brett Novin with Bank of America. Your line is open. Hi, thanks for taking the question. I guess just as a follow-up to your comments there, I mean, it sounds like some of the more idiosyncratic drivers are able to offset maybe some macro overall weakness. And I guess I'm just trying to think through how much of a buffer do you still feel like you have with some of these idiosyncratic drivers? Should macro trends deteriorate a little further going forward? Thanks so much. Hey, Brent, Dan will take that question. Yeah, thanks for the question. Yeah, I know where you're going with this, Brent. And I'll just say that, as I said earlier, we've seen a shift. Charlie talked about a shift from guaranteed to non-guaranteed. And that actually has been favorable to us in terms of driving more volume our way. And so we see positives in that. We have a lot of initiatives. When we gave our guide last quarter, we talked about a lot of initiatives. We have a lot of initiatives going on...