secwatch.observer — SEC 8-K summary
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Issuer:     ROKU, INC (ROKU)
CIK:        0001428439
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0001428439-22-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Roku reports record FY2021 revenue of $2.765B, but Q4 profits decline; guides Q1 revenue $720M
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- FY2021 total net revenue $2.765B (+55% YoY); platform revenue $2.285B (+80% YoY).
- Active accounts 60.1M (+8.9M YoY); ARPU $41.03 (+43% YoY); streaming hours 73.2B (+25% YoY).
- Q4 operating income $21.4M (-67% YoY); adjusted EBITDA $86.7M (-24% YoY); gross margin 43.9%.
- Q1 2022E: revenue $720M (+25% YoY), gross profit $360M, adjusted EBITDA $55M; full-year revenue growth expected 35%.
- Player gross margin worsened to -28.4% in Q4 due to supply chain disruptions; expects near-term pressure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1428439/000142843922000006/0001428439-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1428439/000142843922000006/wk-20220217.htm
  HTML page:      https://secwatch.observer/filing/0001428439-22-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer