Ladies and … Analysts: Roku, Inc. Class A Common Stock (ROKU) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. There's all kinds of placements throughout the Roku life cycle where we're helping partners drive discovery of the platform -- I mean, of these new services.Our next question comes from Kyle Evans with Stephens.Please see our shareholder letter for the full financial details from the quarter and fiscal year, but I'll highlight a few items and provide our Q1 and full-year 2020 outlook. Export data to Excel for your own analysis.Please log in to your account or sign up in order to add this asset to your watchlist.View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Given our strong position within the shift toward streaming, our goal for 2020 is to continue to invest our incremental gross profit back into our strategic growth opportunities and to manage the business to roughly breakeven on a full-year adjusted EBITDA basis. We believe we're the best partner for TV manufacturers. And then for Steve, so you mentioned that video ads should continue to grow as a percent of Platform revenues in 2020. Can you talk about how that impacted your business financially and how it might impact you going forward?We also are innovating a lot in the sponsorships area. And then it also includes the dataxu business, which historically has been a mix of net in gross treatment. Amazon, of course, is both a partner and a competitor. Or are you going to keep adding and adding?Implied in our 2020 outlook is roughly $905 million of GAAP operating expenses. And our final question will come from Mark Zgutowicz with Rosenblatt.And so the prospect of free, that value proposition is very powerful with consumers.Thanks for taking my question. And then just also some of the new services that are coming online, whether it's HBO Max or Peacock or, obviously, Disney+ going international. In Q4, we exceeded our outlook for revenue, gross profit and EBITDA. 2020 is also factored in the premium subscription business, which is on a gross revenue treatment, hence, a lower gross margin.They -- often, an advertiser will come to us, and their first goal in working with us is simple. And while our revenue and gross profit can be quite seasonal, our opex is not particularly seasonal, but instead is better looked at on a sequential growth basis due to headcount and facility-related expenses traditionally accounting for roughly three-fourths of total opex.
There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.The scores are based on the trading styles of Value, Growth, and Momentum. It was a deal that was good for both parties. We remind you that Q1 is our seasonally softest quarter from a revenue perspective, with revenue that is roughly 25% lower sequentially in our seasonally strong fourth quarter. The mix of revenue will continue to move toward the faster-growing platform segment, which we anticipate will generate roughly three-fourths of total revenues.
And certainly, the new services are good for Roku. And I do think at some point, we'll be breaking that out, although probably not for a bit.And so obviously, the two big components of that are Players and TVs, so they're both tools that we'll use internationally. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.We need the following information so we can identify you in our systems.
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