Roku Q3 revenue up 51% to $680M; ARPU surpasses $40 milestone

ROKU, INC

2021-Q3 EPS reported $1.54 revenue$1,899,255,000

Total net revenue $680M (+51% YoY); platform revenue $583M (+82% YoY).
ARPU reached $40.10 (+49% YoY); active accounts 56.4M (+1.3M QoQ).
Player gross margin turned negative at -15% due to supply chain costs; company views as temporary.
The Roku Channel top 5 by reach; streaming hours 18.0B (+21% YoY).
Q4 outlook: revenue $885-900M; adjusted EBITDA $65-75M.

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