earnings
confidence high
sentiment positive
materiality 0.80
Roku Q3 revenue tops $1B for first time, up 16% YoY; Adj. EBITDA $98.2M
ROKU, INC
2024-Q3 EPS reported
-$0.65
revenue$2,911,851,000
- Total net revenue $1.062B (+16% YoY); Platform revenue $908M (+15% YoY).
- Gross profit $480M (+30% YoY); fifth straight positive Adj. EBITDA of $98.2M.
- Streaming Hours 32.0B (+20% YoY); ARPU flat at $41.10.
- Q4 guidance: revenue $1.14B, Adj. EBITDA $30M, net loss $(65)M.
- Will stop reporting Streaming Households quarterly starting Q1 2025; focus on Platform revenue and profitability.