Categories Earnings, Leisure & Entertainment

Roku (NASDAQ: ROKU): Q3 2019 Earnings Snapshot

— 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%.

Roku Q3 2019 Earnings Snapshot

— 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.

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