Roku IPO The New Rocket Man $ROKU Launches 61% on Debut

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Roku first earnings report smashes analyst expectations $ROKU Soars

$ROKU Adjusted losses per share 10 cents, better than last year’s loss of 17 cents and better than the loss of $1.40 some anticipated. Net loss was $46.2 million. Loss from operations was $7.9 million.

Roku reported $124.8 million in net revenue for its third quarter, compared to $110.5 million in analyst estimates, up from $89 million in revenue for the same period last year.

“Our higher margin platform segment is the key driver of our growth and gross margin expansion, and our advertising business has more than doubled in size year-to-date,” said CEO Anthony Wood in the company press release.

Revenue generated from advertising, licensing and revenue shares with  Amazon, Hulu, Netflix and YouTube.

Roku says its active accounts for the quarter totaled 16.7 million, up 48% year-over-year, with “the largest and fastest-growing portion coming from Roku TVs,” according to the release.
Roku says its users streamed 3.8 billion hours in the quarter, up 58% from the same period last year.
Trailing twelve-month average revenue per user was $12.68, an increase of 37%.

$ROKU closed Wednesday at $18.84, with a market cap of $1.83 billion after this earnings report Roku Inc

NASDAQ: ROKU · November 9, 9:45 AM EST
28.40 ▲ 9.53 (50.50%)