— Roku Inc. (NASDAQ: ROKU) reported its third-quarter 2019 loss of $0.22 per share versus a loss of $0.28 per share expected.
— Revenue jumped by 50% to $260.93 million versus $256.36 million expected. Platform revenue soared by 79% and player revenue climbed by 11%.
— Active accounts grew 36% year-over-year to 32.3 million while streaming hours increased 68% to 10.3 billion. The average revenue per user (ARPU) increased by 30% to $22.58.
— Looking ahead into the fourth quarter, the company expects revenues in the range of $380 million to $396 million and net loss in the range of $22 million to $17 million. The consensus revenue estimates are $386.57 million.
— Gross profit is predicted to be $156 million to $161 million and adjusted EBITDA is projected to be $7 million to $12 million for the fourth quarter.
— For the full year 2019, the company lifted its revenue outlook to the range of $1.098 billion to $1.113 billion from the previous range of $1.07 billion to $1.09 billion.
— Net loss guidance for the full year is narrowed to the range of $66 million to $61 million from the previous range of $71 million to $61 million.
Get access to timely and accurate verbatim transcripts that are published within hours of the event.
Most Popular
QCOM Earnings: Qualcomm Q2 2024 revenue and profit beat Street view
Semiconductor company Qualcomm, Inc. (NASDAQ: QCOM) reported an increase in earnings and revenues for the second quarter of 2024. The numbers came in above analysts' estimates. At $9.39 billion, March-quarter
Key takeaways from Amazon’s Q1 2024 earnings report
Amazon.com Inc. (NASDAQ: AMZN) had an upbeat start to fiscal 2024, delivering strong growth across the business in the first three months of the year. While the cloud segment continues
Key takeaways from Pfizer’s (PFE) Q1 2024 earnings report
Shares of Pfizer Inc. (NYSE: PFE) gained over 5% on Wednesday following the company’s announcement of its first quarter 2024 earnings results. Although the top and bottom line numbers decreased
