secwatch.observer — SEC 8-K summary
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Issuer:     ROKU, INC (ROKU)
CIK:        0001428439
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001428439-22-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1428439/000142843922000020/0001428439-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1428439/000142843922000020/wk-20220728.htm
  HTML page:      https://secwatch.observer/filing/0001428439-22-000020

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