Streaming video pioneer Roku (ROKU), which went public last fall, this afternoon reported Q4 revenue that topped analysts’ expectations, and a surprise profit per share where a loss had been expected, but forecast revenue this quarter below consensus, sending its shares plunging in the after-market.
Tonight's report, Roku's second as a public company, since debuting in late September, is a bit of a reversal from the November report that sent its shares up some 25% at the time.
Revenue in the three months ended in December rose to $188.3 million, yielding EPS of 6 cents per share.
Analysts had been modeling $182.5 million and a 10-cent loss per share.
Roku said its “average revenue per user,” rose by 48% to$13.78, as "active accounts" rose by 44% to 19.3 million, and the total number of hours streamed by users rose by 55% to 4.3 billion hours.
The company said revenue from its "platform," as opposed to just the sales of hardware devices, rose by 129% to $85.4 million, and made up 45% of revenue, up from 25% in the prior-year--period.
For this quarter, the company sees revenue of $120 million to $130 million, below consensus for $132 million.
For the full year, the company sees revenue of $660 million to $690 million, above the average estimate for $661.6 million.
No comments:
Post a Comment