Neil's avatar
$36.7m follower assets
Roku Earnings Reaction
While its operating system (OS) is still the No. 1 selling smart-TV OS in the United States, the company is feeling the macroeconomic pressure:
  • Roku reported total net revenue of $764 million, up 18% year over year (YOY), with platform revenue increasing 26% and player revenue decreasing 19%.
  • Gross profit was up 5% YOY to $355 million, missing the company's own guidance.
  • Roku's active accounts reached 63.1 million, and streaming hours decreased by 0.2 billion to 20.7 billion hours.
  • Average revenue per user grew 21% to $44.10.
  • For the full-year revenue growth rate, management has now withdrawn its estimate.
Jeff Sanders's avatar
Red flag for $TTD Earnings?
sam stribling's avatar
@darthtrader unfortunately I’d say yes. The reports thus far in companies dependent on ad spend have been very negative.
Neil's avatar
@darthtrader TTD always deliver whereas the others, not so much.