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.

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

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

2 thoughts on “Roku (NASDAQ: ROKU): Q3 2019 Earnings Snapshot

Comments are closed.

Add Comment
Viewing Highlight