earnings
confidence high
sentiment positive
materiality 0.75
Roku Q1 revenue $882M (+19% YoY), positive adjusted EBITDA $40.9M, issues Q2 guidance
ROKU, INC
2024-Q1 EPS reported
-$0.35
revenue$881,469,000
- Total net revenue of $882M, up 19% YoY; platform revenue $755M, also up 19%.
- Streaming Households grew to 81.6M (+14% YoY); Streaming Hours 30.8B (+23% YoY).
- Adjusted EBITDA positive for third consecutive quarter at $40.9M; operating loss narrowed to $(72)M.
- Q2 guidance: revenue ~$935M, gross profit ~$410M, adjusted EBITDA ~$30M.
- ARPU flat at $40.65 TTM as international mix grows; Roku Channel is #3 app by reach and engagement.