Roku, Inc.

Good day, everyone, and thank you for standing by. Welcome to the third quarter 2024 Broke Learning Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a questions and answers session. To participate, you will need to press star 1-1 on your telephone. You will then hear a message as I see your hands raised. To withdraw your questions, simply press star 1-1 again. Please be advised that today's conference is being recorded. Now we'll pass the call over to Conrad Gross, Vice President of Investor Relations. Please go ahead.

Thanks, Carmen. Welcome to Roku's Third Quarter 2024 Attorney Call. On today's call are Andy Wood, Roku's Founder and CEO, Dan Jetta, our CFO, Charlie Collier, President of Roku Media, and Mustafa Hodgson, President of Devices. Our full results and additional management commentary are available in our shareable letter on our website at roku.com forward slash investor. On this call, we'll make forward-looking statements which are subject to risk and uncertainties. Please refer to our shareable letter in periodic STCC filings for risk factors that could cause our actual results to differ materially from the in these forward-looking statements. We'll also present GAAP and non-GAAP financial measures. Recreation of non-GAAP measures and most comparable GAAP financial measures are provided in our general letter. Unless otherwise stated, all comparisons will be against the results of the comparable 2020-2023 area. Now, I'd like to hand the call over to Anthony.

Thanks, Conrad. We deliver strong results to Q3, our first quarter of more than $1 billion in total net revenue. Roku continues to benefit from our platform's simplicity, value, and delight. The Roku OS has been the number one selling TV OS in the U.S. for more than five years, and it was again the number one selling TV OS in the U.S., Canada, and Mexico. Q3 was also the third straight quarter that the Roku channel was the number three app on our platform by both reach and engagement, with streaming hours up 80% year over year. A major driver of this growth is our position as the lead in TV, and we expect to build on going forward. This year, we've been focused on our initiatives to grow platform revenue, which include home screen innovation, growing ad demand for deeper third-party platform integrations, such as EFTs, and growing Roku build descriptions. In Q3, we continue to execute against these initiatives and grow platform revenue 15% year-over-year. On our home screen in Q3, the Roku Sports Zone organized games and events, including the MLB, the Olympics, and the NFL. These zones grow views and engagement and also help grow drivers for our content partners. Additionally, the support zone and our other viewing areas broaden sponsorship opportunities. We also continue to deepen our relationship with third-party platforms to better serve advertisers' programmatic needs, and we are beginning to see positive impacts that we believe will drive incremental revenue over time. While still early, we feel good about our initiative to grow content revenue, and we will continue to balance our investment in growth and profitability. Now, I'll turn it over to Dan to discuss our results.