In 2024, Roku’s CEO, Anthony Wood, saw a significant boost in his compensation package, rising to approximately $27.7 million from $20.2 million the previous year.
His remuneration consisted of a basic wage amounting to $1.1 million, stock options worth approximately $26.6 million, and annual payments for health and life insurance totaling $18,848.
The compensation committee decided to decrease the base salary of our CEO slightly from the $1.2 million he earned in 2023, favoring a distribution where only 4% would be given as salary. The remaining 96% will be allocated towards equity awards to better align the CEO’s interests with those of our shareholders by reinforcing the connection between his rewards and the performance of our stock.
2024 saw a significant reduction in Roku’s Chief Financial Officer Dan Jedda’s overall compensation package to approximately $3.3 million, compared to the prior year’s $18 million. This drop occurred because Jedda received a total of $16.6 million in stock awards in 2023, following his appointment with the company in May 2023. These stock awards were part of new hire equity grants that will fully vest over a four-year period.
Jedda’s base salary increased to $2.3 million in 2024, up from $1.4 million in 2023.
In the year 2024, Roku reported a full-year net revenue of approximately $4.1 billion, marking an 18% rise compared to the previous year. Additionally, Roku’s streaming household reach expanded to around 89.8 million users, representing a growth of 9.8 million households from the preceding year (2023).
2024’s final quarter showed remarkable strength, as it generated over $1 billion in platform earnings for the first time ever. During this period, streaming hours on The Roku Channel increased by 82% compared to the previous year. Additionally, Roku announced a gross profit of $512.6 million, surpassing its projected figure of $465 million, and reported a net loss of $35.5 million.
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2025-05-01 20:54