Roku (ROKU) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.35. This compares to loss of $2.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 82.86%. A quarter ago, it was expected that this video streaming company would post a loss of $0.45 per share when it actually produced a loss of $0.24, delivering a surprise of 46.67%.Over the last four quarters, the company has sur ...

Roku Inc ROKU reported third-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: Roku reported third-quarter revenue of $1.06 billion, up 16% year-over-year. The revenue total beat a Street consensus estimate of $1.02 billion, according to data from Benzinga Pro. The third quarter marked the company's first quarter of greater than $1 billion in total revenue. Platform revenue was $908.2 million in the quarter, up 15% year-over-year. Devices revenue was $15 ...

Financial Performance - Total net revenue reached $1.062 billion in Q3 2024, representing a 16% year-over-year increase[4]. - Total gross profit was $480 million, up 30% year-over-year[4]. - Total revenue for Q3 2024 was $1,062 million, a slight increase from $1,056 million in Q3 2023, representing a growth of approximately 0.6%[29]. - Net loss for the nine months ended September 30, 2024, was $93.8 million, a significant improvement compared to a net loss of $631.3 million for the same period in 2023, reflecting a reduction of approximately 85.2%[31]. - Adjusted EBITDA for the nine months ended September 30, 2024, was $182.71 million, compared to a loss of $43.44 million in the same period of 2023, showing a significant improvement[34]. Revenue Breakdown - Platform revenue was $908 million, up 15% year-over-year, with a gross margin of 54%[4][14]. - The company expects Q4 total net revenue of $1.140 billion, growing 16% year-over-year, with Platform revenue projected to grow 14% year-over-year[23]. - Non-GAAP total gross profit for Q3 2024 was $480,075, up by $45,286 or 10% year-over-year[36]. - Platform gross profit for Q3 2024 reached $491,779, reflecting a $113,548 increase or 30% from the previous year[38]. User Growth and Engagement - Streaming households increased to 85.5 million, a net gain of 2.0 million from Q2 2024[4]. - Streaming hours totaled 32.0 billion, reflecting a 20% year-over-year growth[3][6]. - The Roku Channel achieved an 80% year-over-year increase in streaming hours, ranking as the 3 app on the platform[4][9]. - The company anticipates reaching 100 million Streaming Households in the next 12-18 months, indicating continued growth in user base[22]. Operational Efficiency - Operating expenses for Q3 2024 were $515.8 million, down from $718.6 million in the same quarter last year, demonstrating operational discipline[28]. - Research and development expenses for the nine months ended September 30, 2024, were $109.46 million, slightly down from $110.80 million in the same period of 2023, a decrease of about 1.2%[29]. - Total liabilities decreased to $1,842.91 million as of September 30, 2024, down from $1,935.46 million at the end of 2023, representing a reduction of approximately 4.8%[30]. Advertising and Market Strategy - Roku's advertising activities saw year-over-year growth, outperforming the overall ad market, with significant contributions from Political, Retail, and Consumer Packaged Goods ad verticals[16]. - The company is focusing on diversifying ad demand, with non-M&E brands increasing their ad spend on Roku's Home Screen over the last three quarters[17]. - Roku Ads Manager was launched to better serve small and medium-sized businesses, enhancing the self-service advertising capabilities on the platform[18]. - The integration with The Trade Desk is expected to drive incremental revenue over time by expanding programmatic advertising capabilities[19]. Cash Flow and Assets - Cash and cash equivalents at the end of Q3 2024 were $2,126.97 million, up from $2,003.41 million at the end of Q3 2023, indicating an increase of about 6.2%[32]. - Total current assets increased to $3,186.43 million as of September 30, 2024, compared to $3,072.94 million at the end of 2023, marking a growth of approximately 3.7%[30]. - Free cash flow for the trailing twelve months (TTM) as of Q3 2024 was $157.35 million, a decrease from $100.81 million in Q3 2023[35]. Product Development - The company launched the 2024 Roku Ultra, featuring a new quad-core processor and improved performance[5]. - Roku plans to update its Key Performance Metrics starting Q1 2025, focusing on Streaming Hours, Platform revenue, Adjusted EBITDA, and Free Cash Flow[20].

Roku (ROKU) is slated to report its third-quarter 2024 results on Oct. 30. For the third quarter of 2024, ROKU expects total net revenues of $1.01 billion, total gross profit of roughly $440 million and adjusted EBITDA of $45 million. The Zacks Consensus Estimate for third-quarter revenues is pegged at $1.02 billion, indicating growth of 11.52% from the figure reported in the year-ago quarter. The consensus mark for fiscal third-quarter loss is pegged at 35 cents per share compared with the loss of $2.33 pe ...

The smart TV pioneer gears up for a telltale financial update on Wednesday.This has been a wild year for investors in Roku (ROKU 2.07%), the company behind the leading smart TV operating system in the U.S. In an odd twist, every single one of these things is true:Roku shares have rallied by 56% since bottoming out just two months ago.The stock is still down for all of 2024.Roku has nearly doubled since the start of 2023.The volatility will only intensify this week. Roku will report its third-quarter results ...

Analysts on Wall Street project that Roku (ROKU) will announce quarterly loss of $0.35 per share in its forthcoming report, representing an increase of 85% year over year. Revenues are projected to reach $1.02 billion, increasing 11.4% from the same quarter last year. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Prior t ...

LOS ANGELES, CALIFORNIA - MARCH 18: Charlie Collier, Chelsea Peretti and Amy Poehler seen at Los ... [+] Angeles Friends and Family Screening of Roku's "First Time Female Director" at Vidiots Foundation - Eagle Theatre on March 18, 2024 in Los Angeles, California. (Photo by Eric Charbonneau/Getty Images for Roku)Getty Images for RokuRoku has fared well over the last few months, rising by about 50% since early August. This compares with streaming titan Netflix, which has seen its stock rise close to 29% over ...

Roku's stock is down almost 80% from where it was trading three years ago.Roku (ROKU -4.28%) was a hot growth stock in 2021. And while its business is still growing, things have admittedly slowed down for the company. It has, however, expanded beyond just selling streaming sticks and those opportunities look to be putting it on track to generate $1 billion in quarterly revenue.As interest rates declined, bullishness appears to be picking up, and Roku's stock is now up 35% in the past six months. Is there an ...

Investors may finally start realizing that this streaming-technology company is doing everything it's supposed to be doing, and doing it well.If you're a regular viewer of streaming video, then you've almost certainly heard of Roku (ROKU -4.28%). Numbers from market research outfit Pixalate indicate that its share of North America's smart-TV and streaming-dongle market is a commanding 37%. That's more than twice the reach of its next-nearest competitor.Of course, investors keeping tabs on Roku stock also kn ...

Roku continues to be a volatile stock for investors to hold.Roku (ROKU -4.28%) was once one of the best-performing stocks out there. Since the company's initial public offering in September 2017 to July 2021, shares skyrocketed by 1,940%. That gain easily outpaced the broader Nasdaq Composite index by a wide margin.It's been a totally different story since that all-time record was reached. A combination of slower growth and weaker investor sentiment helps explain why shares currently trade 84% off that peak ...