Roku

Roku pioneered streaming on TV. We connect users to the content they love, enable content publishers to build and monetize large audiences, and provide advertisers with unique capabilities to engage consumers. Roku TV(TM) models, Roku streaming players, and TV- related audio devices are available in various countries around the world through direct retail sales and/or licensing arrangements with TV OEM brands. Roku-branded TVs and Roku Smart Home products are sold exclusively in the United States. Roku also operates The Roku Channel, the home of free and premium entertainment with exclusive access to Roku Originals. The Roku Channel is available in the United States, Canada, Mexico, and the United Kingdom. Roku is headquartered in San Jose, Calif., U.S.A.

Roku Q3 Loss Widens But Revenue Growth Beats Market Expectation

/ / Telecommunications /

Roku (ROKU) on Wednesday reported a Q3 loss of $2.33 per diluted share, widening from $0.88 a year earlier. Analysts polled by Capital IQ expected a loss of $2.10. Revenue for the quarter ended Sept. 30 was $912 million, up from $761.4 million a year earlier. Analysts expected revenue of $855.7 million. The company said it expects Q4 revenue of $955 million. Analysts have forecast sales of $951.3 million.

Roku Q3 Loss Widens But Revenue Growth Beats Market Expectation Read Post »

CFRA Keeps Hold Rating On Shares Of Roku, Inc.

/ / Telecommunications /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: ROKU benefits on the pivot to video streaming from pay TV. The bull case scenario seems to be a low threshold of just reaching positive EBITDA in 2024. Assuming a high risk premium, we keep our target price at $75 on a forward P/S of 2.48x vs. media peers’ 2.0x average. We narrow our LPS in 2023 by $1.30 to -$3.50 and reduce 2024’s by $0.40 to -$2.40. ROKU posted a normalized loss of -$0.33 (GAAP loss of -$2.33) in Q3 2023 and adj. EBITDA was +43.4M, with guidance of +$10.0M in Q4 2023, which ROKU is steadfast on reaching positive EBITDA for the full year 2024. We forecast total revenue of $3.44B in 2023 and $3.82B in 2024. Platform unit realized 18% Y/Y revenue growth (86%

CFRA Keeps Hold Rating On Shares Of Roku, Inc. Read Post »

Roku Reports Active Accounts in Q3 of 75.8 Million Vs Visible Alpha Analyst Consensus of 75.1 Million; Streaming Hours at 26.7 Billion Vs Consensus of 25.9 Billion

/ / Telecommunications /

Roku Reports Active Accounts in Q3 of 75.8 Million Vs Visible Alpha Analyst Consensus of 75.1 Million; Streaming Hours at 26.7 Billion Vs Consensus of 25.9 Billion.

Roku Reports Active Accounts in Q3 of 75.8 Million Vs Visible Alpha Analyst Consensus of 75.1 Million; Streaming Hours at 26.7 Billion Vs Consensus of 25.9 Billion Read Post »

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