Roku Q1 revenue $741M (+1% YoY); operating loss widens to $212.5M; CFO Dan Jedda hired

ROKU, INC

2023-Q1 EPS reported -$1.38 revenue$740,990,000

Total revenue $741M (+1% YoY); Platform revenue $635M (-1%); Gross profit $338M (-7%).
Active Accounts 71.6M (+1.6M QoQ); Streaming Hours 25.1B (+20% YoY); ARPU $40.67 (-5% YoY).
Operating loss $212.5M (vs. $23.5M loss in Q1 22); Adj. EBITDA -$69.1M (vs. +$57.6M).
Q2 guidance: revenue ~$770M, gross profit ~$335M, Adj. EBITDA -$75M; targets positive Adj. EBITDA for FY 2024.
Dan Jedda named CFO effective May 1; Steve Louden transitions to executive advisor through August 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ROKU, INC reported the quarter ended March 31, 2023 results: revenue $741 million. Guidance initiated.

Period: the quarter ended March 31, 2023
Revenue: $741 million
Guidance: initiated
Result: reported results

Exact text from the filing

Total net revenue was $741 million, up 1% year over year (YoY)

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Source: SEC EDGAR

accession 0001428439-23-000013

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