Roku Q3 Earnings Rundown: Revenue Grows 20%, Active Accounts Jump, Shares Surge
Portfolio Pulse from Adam Eckert
Roku Inc reported Q3 revenue of $912.02 million, a 20% YoY increase, beating the consensus estimate of $855.16 million. The company reported a quarterly loss of $2.33 per share, with an adjusted EBITDA of $43 million. Active accounts increased to 75.8 million, up 2.3 million from Q2. Roku expects Q4 net revenue of approximately $955 million, with a total gross profit of $405 million and adjusted EBITDA of $10 million. Roku shares were up 8.54% after hours.
November 01, 2023 | 8:21 pm
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Roku's Q3 results beat estimates with a 20% YoY increase in revenue. The company also reported an increase in active accounts and expects Q4 net revenue of approximately $955 million. Shares were up 8.54% after hours.
Roku's Q3 results exceeded expectations, with a significant increase in revenue and active accounts. This positive financial performance, along with the company's optimistic Q4 outlook, likely contributed to the after-hours surge in Roku's share price.
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