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Wednesday, August 7, 2019

=Roku (ROKU) reported earnings on Wed 7 Aug 2019 (a/h)

Roku beats by $0.12, beats on revs; guides Q3 revs above consensus; guides FY19 revs above consensus

  • Reports Q2 (Jun) GAAP loss of $(0.08) per share, $0.12 better than the S&P Capital IQ Consensus of ($0.20); revenues rose 59.5% year/year to $250.1 mln vs the $223.4 mln S&P Capital IQ Consensus.
    • Active Accounts of 30.5 million, a net addition of 1.4 million from last quarter.
    • Streaming Hours increased 0.5 billion hours vs. Q1 to 9.4 billion, up 72% YoY.
    • Average Revenue Per User (ARPU) of $21.06 (TTM), up $2.00 vs. Q1 2019.
  • Co issues upside guidance for Q3, sees Q3 revs of $250-255 mln vs. $245.67 mln S&P Capital IQ Consensus.
  • Co issues upside guidance for FY19, sees FY19 revs of $1.075-1.095 bln vs. $1.05 bln S&P Capital IQ Consensus.
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