Roku shares surge as company halves quarterly losses, adds 4 million streaming households

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]