(The stock is still down 19.5% year to date.) Shares of Roku climbed more than 10% in morning trading Wednesday on news of the pact, hitting an intraday high of +20%, before closing up 18.2% for the day. Roku has previously said it does not earn any kind of revenue from the YouTube app. Terms of the deal extension weren’t disclosed. We are pleased to have a partnership that benefits our mutual users.” This means that Roku customers will continue to have access to YouTube and that the YouTube TV app will once again be available in the Roku store for both new and existing members. “This agreement represents a positive development for our shared customers, making both YouTube and YouTube TV available for all streamers on the Roku platform,” a Roku rep said in a statement.Ī YouTube spokesperson said, “We’re happy to share that we’ve reached a deal with Roku to continue distributing the YouTube and YouTube TV apps on Roku devices. In April 2021, Roku’s deal to distribute YouTube TV expired and Roku removed the app from its channel store at the time (while the YouTube TV service remained accessible through the main YouTube). The companies reached the agreement just days before their previous deal covering YouTube on Roku was set to expire Dec. UPDATED: Roku and Google have buried the hatchet, announcing a multiyear extension for both YouTube and YouTube TV apps on the Roku streaming platform.
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