Categories Earnings, Leisure & Entertainment

Roku (ROKU) beats Q4 revenue expectations

Roku Inc. (NASDAQ: ROKU) beat revenue estimates and reported a narrower-than-expected loss for the fourth quarter of 2019, sending the stock climbing over 6% in aftermarket hours on Thursday.  

Total revenues jumped 49% to $411.2 million, smashing forecasts of $392 million.  

Roku reports Q4 2019 earnings results

Net loss attributable to common stockholders was $15.7 million, or $0.13 per share, compared to a net income of $6.7 million, or $0.05 per share, last year. Analysts had projected a loss of $0.14 per share.

Active accounts grew 36% during the quarter. Player units increased 33% due to strong holiday sales and retail execution. The company also saw an increase in platform monetization with a 29% growth in ARPU, helped by growth in video advertising impressions across the platform.   

Also see: PepsiCo Q4 2019 Earnings Report

For the first quarter of 2020, Roku expects total revenue of $300-310 million and net loss of $55-60 million. For the full year of 2020, the company expects total revenue of $1.58 billion to $1.62 billion and net loss of $160-180 million.

The company continues to face immense competition in the TV streaming space from the giants Netflix (NASDAQ: NFLX) and Amazon (NASDAQ: AMZN). Also, the penetration of new and growing companies in the market could turn fatal for Roku during this year. Meanwhile, market experts fear that a change in users’ habits could decelerate the subscribers’ growth rate in the future.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

360 DigiTech (NASDAQ: QFIN) Q3 2021 Research Summary

The positive effects of widespread digitalization and e-commerce growth on China’s financial services industry became more pronounced during the pandemic as the movement restrictions drove more retail customers to online

Activision Blizzard (ATVI): Three reasons why this stock deserves to be on your radar

Shares of Activision Blizzard Inc. (NASDAQ: ATVI) were up 1.6% on Thursday. The stock has dropped 14% since the start of the year. The company has been in the news

IPO Alert: Here’s all you need to know about Remitly Global’s upcoming market debut

The emergence of technology-driven financial services is making people think beyond conventional banks when it comes to availing loans and transferring funds. In a move aimed at taking its business

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top