Roku Q2 revenue $968M (+14% YoY), fourth straight positive Adj EBITDA

ROKU, INC

2024-Q2 EPS reported -$0.59 revenue$1,849,648,000

Total net revenue $968M, up 14% YoY; Platform revenue $824M (+11%), Devices $144M (+39%).
Streaming Households 83.6M (+14% YoY); Streaming Hours 30.1B (+20% YoY); ARPU flat at $40.68.
Adjusted EBITDA $43.6M, positive for 4th consecutive quarter; Free Cash Flow TTM $317.9M.
Q3 guidance: revenue ~$1.01B (+11% YoY), gross profit $440M, Adj EBITDA $45M; Q4 Platform growth to accelerate.
New ad partnerships with The Trade Desk and iSpot; MLB Sunday Leadoff rights acquired; Home Screen video marquee ad beta sold out.

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