Did you catch Roku's earnings surprise? Here's why the media-streaming veteran's stock skyrocketed on Friday.Shares of Roku (ROKU 13.13%) soared on Friday following a strong earnings report. The media-streaming technology expert's stock rose as much as 20.9% in the morning session before settling back at a still-impressive 14% gain by 1:35 p.m. ET.Roku's Q4 2024 by the numbersYour average Wall Street analyst expected Roku's fourth quarter to show a net loss of $0.42 per share on approximately $1.15 billion ...

Core Insights - Roku's shares surged over 10% following earnings that exceeded Wall Street expectations, reaching a new 52-week high [1] - CEO Anthony Wood stated that more than half of U.S. broadband households now use Roku for TV viewing, with the company adding over four million new streaming households in the last quarter [1][2] - Roku aims to reach 100 million streaming households within the next year [1] Financial Performance - Roku's revenue increased by 22% to $1.2 billion, surpassing expectations of $1.14 billion [2][5] - The company reported a net loss of $35.5 million, or 24 cents per share, an improvement from a net loss of $78.3 million, or 55 cents per share, in the same quarter the previous year [2][5] - The company forecasts net revenue of $1 billion and gross profit of $450 million for Q1 2025 [4] User Metrics - As of the end of 2024, Roku reported 89.8 million streaming households, marking a 12% year-over-year increase [3] - Streaming hours increased by 18% year-over-year in the fourth quarter [3] - Roku will no longer report streaming household metrics in future earnings reports, focusing instead on revenue and profitability [3] Strategic Focus - The company emphasizes the importance of advertising in its business model and aims to grow ad demand through partnerships with third-party platforms [4]

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

KEY TAKEAWAYSRoku shares are jumping Friday, after the streaming company posted better-than-estimated fourth-quarter results.JPMorgan stuck with its outperform rating on Roku and raised its price target on the stock to $115 from $92 each.Roku said it exceeded 90 million streaming households in the first week of January 2025. Roku (ROKU) shares jumped early Friday after the streaming company posted better-than-estimated fourth-quarter results. The streaming platform reported a narrower fourth-quarter operati ...

POLAND - 2025/02/01: In this photo illustration, the Roku company logo is seen displayed on a ... [+] smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesRoku stock surged by approximately 14% in pre-market trading on Friday, bringing its year-to-date gains to over 30%. The increase follows Roku’s stronger-than-expected Q4 2024 results, with total revenue climbing 22% to $1.2 billion. Roku’s platform business revenue, which in ...

KEY TAKEAWAYSRoku shares are jumping in premarket trading Friday, after the streaming company posted better-than-estimated fourth-quarter results.JPMorgan stuck with its outperform rating on Roku and raised its price target on the stock to $115 from $92 each.Roku said it exceeded 90 million streaming households in the first week of January 2025. Roku (ROKU) shares are jumping around 15% in premarket trading Friday, after the streaming company posted better-than-estimated fourth-quarter results. The streamin ...

Shares of Roku are hitting a 52-week high after a blowout report. The good news is everywhere this time.We're in the home stretch for earnings season, and a strong report can send a stock higher. Shares of Roku (ROKU 2.38%) initially moved sharply skyward after the company posted encouraging financial results on Thursday afternoon following the market's closing bell.Roku was already turning heads before this week's blowout fourth-quarter performance. The shares had nearly doubled since bottoming out this pa ...

Core Insights - Michael Wiggins De Oliveira is an inflection investor, focusing on acquiring undervalued companies at pivotal moments when their business narratives are shifting towards increased profitability over the next year [1] - The investment strategy emphasizes technology and the Great Energy Transition, including uranium, with a concentrated portfolio of approximately 15 to 20 stocks and an average holding period of 18 months [1] Group Features - Michael has over 10 years of experience analyzing companies, particularly in the tech and energy sectors, and has built a following of over 40,000 on Seeking Alpha [2] - He leads the investing group Deep Value Returns, which offers insights through a concentrated portfolio of value stocks, timely updates on stock picks, and a weekly webinar for live advice [2] - The Deep Value Returns community is described as active, vibrant, and supportive, providing accessible chat options for both new and experienced investors [2]

Roku, Inc. (NASDAQ:ROKU) Q4 2024 Earnings Conference Call February 13, 2025 5:00 PM ET Company Participants Conrad Grodd - Vice President, Investor Relations Anthony Wood - Founder, Chairman and Chief Executive Officer Dan Jedda - Chief Financial Officer Charlie Collier - President, Roku Media Mustafa Ozgen - President Devices Conference Call Participants Shyam Patil - Susquehanna Michael Morris - Guggenheim Securities Laura Martin - Needham Jason Helfstein - Oppenheimer Matt Condon - Citizens JMP Ralph Sch ...

Core Insights - Roku reported revenue of $1.2 billion for the quarter ended December 2024, marking a 22% increase year-over-year and exceeding the Zacks Consensus Estimate of $1.15 billion by 4.48% [1] - The company's EPS was -$0.24, an improvement from -$0.55 in the same quarter last year, resulting in an EPS surprise of 45.46% against the consensus estimate of -$0.44 [1] Financial Performance Metrics - Active Accounts: Roku had 89.8 million streaming households, surpassing the average estimate of 89.18 million [4] - Average Revenue Per User (ARPU): The ARPU was $41.49, exceeding the average estimate of $40.68 [4] - Streaming Hours: Total streaming hours were 34.1 billion, slightly below the average estimate of 34.48 billion [4] - Net Revenue from Platform: The net revenue from the platform was $1.04 billion, significantly higher than the average estimate of $950.58 million, reflecting a year-over-year increase of 24.9% [4] - Net Revenue from Devices: Revenue from devices was $165.71 million, lower than the average estimate of $194.94 million, but showed a 6.5% increase year-over-year [4] - Gross Profit from Platform: Gross profit from the platform was $559.93 million, exceeding the average estimate of $500.75 million [4] - Gross Profit from Devices: The gross profit from devices was -$47.35 million, worse than the average estimate of -$32.81 million [4] Stock Performance - Roku's shares have returned +10.8% over the past month, outperforming the Zacks S&P 500 composite's +3.9% change, and the stock currently holds a Zacks Rank 2 (Buy) [3]