Roku (NASDAQ: ROKU) reported Q1 EPS of ($0.19), $0.01 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $734 million versus the consensus estimate of $718.08 million.

GUIDANCE:

Roku sees Q2 2022 revenue of $805 million, versus the consensus of $815.7 million.

• We have delivered solid performance in a challenging operating environment and expect that we will continue to navigate through macro headwinds, including inflationary pressures, geopolitical conflict, and supply chain disruptions. In the near term, we expect these disruptions will continue to pressure our player gross margin and industry-wide TV unit sales, and have the potential to reduce or delay ad spend in certain verticals. We believe that these near-term headwinds are dwarfed by the long-term opportunities in the secular shift to TV streaming and TV OS consolidation. We believe the enormous value we deliver to consumers, content owners, and advertisers will continue to drive our growth both in Q2 and for the full year. Our Q2 outlook is for total net revenue to increase approximately 25% year-over-year to $805 million. We anticipate total gross profit of roughly $395 million, and breakeven adjusted EBITDA. For the full year, we continue to expect total net revenue growth to be 35% year-over-year.

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