Roku (ROKU) Tops Q4 EPS by 54c, Revenues Beat

Roku (NASDAQ: ROKU) reported Q4 EPS of $0.49, $0.54 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $649.9 million versus the consensus estimate of $617.7 million.

Sees Q1 revenue of $485 million at the midpoint, versus the consensus of $462.97 million.

"Roku had both a strong Q4 and 2020. For both periods we achieved record revenue, gross profit and adjusted EBITDA, as consumers and the TV industry continued to shift to streaming. We surpassed 50 million active accounts, driven by the popularity of Roku® streaming players and Roku TV™ models. In 2020, the Roku OS was the No. 1 smart TV operating system in the U.S. with 38% unit share of smart TVs sold. Despite a pandemic-related advertising slowdown in the U.S., our advertising business proved resilient with Q4 Roku monetized video advertising impressions more than doubling year-over-year, as advertisers increasingly followed users from traditional pay TV to streaming. 2020 also saw prominent content publishers reorient toward TV streaming, further expanding the content selection for our users."

2020 Highlights

• Total net revenue grew 58% YoY to $1,778 million;

• Platform revenue increased 71% YoY to $1,268 million;

• Gross profit was up 63% YoY to $808 million;

• Roku added 14.3 million incremental active accounts in 2020 to reach 51.2 million at year end;

• Streaming hours increased by 20.9 billion hours YoY to a record 58.7 billion;

• Average Revenue Per User (ARPU) increased $5.62 YoY to $28.76 (trailing 12-month basis);

• In 2020, 38% of all smart TVs sold in the U.S. were Roku TV models

For earnings history and earnings-related data on Roku (ROKU) click here.

You May Also Be Interested In

• Gilead Sciences (GILD) Misses Q1 EPS by 288c
• Roku (ROKU) Tops Q1 EPS by 26c, Revenue Beats, Offers Guidance
• L3Harris Technologies (LHX) Tops Q1 EPS by 15c; raises guidance