Roku Q3 Earnings Preview: Live Sports, Roku Channel, Potential Netflix Bundle And More Key Items To Watch
Portfolio Pulse from Chris Katje
Roku Inc (NASDAQ:ROKU) is set to report its Q3 financial results. Analysts expect a revenue of $855.16 million, up from $761.37 million in the prior year. Roku has beaten revenue estimates in four of the last five quarters. The company is expected to report a loss of $2.04 per share. KeyBanc analyst Justin Patterson anticipates a mixed print from the company and expects shares to remain rangebound until the macro improves. Investors will be watching for updates on the Roku Channel, a potential Netflix Inc (NASDAQ:NFLX) advertising plan bundle, and the impact of the Hollywood Strike.
October 31, 2023 | 7:06 pm
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NEUTRAL IMPACT
Netflix is mentioned in relation to a potential advertising plan bundle with Roku. Given Roku's long history with Netflix, the company could be a logical partner.
The potential advertising plan bundle with Roku could be a positive development for Netflix. However, as it is still a potential plan, the impact on the stock is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Roku is set to report its Q3 results. Analysts expect a revenue of $855.16 million and a loss of $2.04 per share. KeyBanc analyst Justin Patterson anticipates a mixed print from the company.
The company's expected revenue increase and consistent history of beating estimates could be positive. However, the expected loss per share and the cautious outlook from the KeyBanc analyst could negatively impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100