Roku reports Q2 revenue up 18% to $764M, warns of ad slowdown and withdraws FY guidance

ROKU, INC

2022-Q2 EPS reported -$1.02 revenue$1,498,105,000

Q2 total net revenue grew 18% YoY to $764M; platform revenue up 26% to $673M.
Added 1.8M active accounts to reach 63.1M; streaming hours 20.7B, down from prior quarter.
Q3 outlook: revenue ~$700M (3% YoY), gross profit $325M, adjusted EBITDA -$75M.
Cites significant slowdown in TV ad spend due to macro; expects challenges to continue.
Surpassed $1B in Upfront commitments but withdrew full-year revenue growth estimate due to uncertainty.

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