Roku Q4 Earnings Highlights: Revenue Beat, EPS Beat, Q1 Guidance, 80 Million Active Accounts
Portfolio Pulse from Chris Katje
Roku Inc (NASDAQ:ROKU) reported Q4 financial results with a revenue of $984.42 million, up 14% YoY, beating Street estimates. EPS was a loss of 55 cents, also beating estimates. The company ended Q4 with 80 million active accounts and announced it added 10 million new accounts in 2023. Roku launched branded TVs in early 2023 and expects Q1 2024 revenue of $850 million with a net loss of $90 million. Shares fell 16% in after-hours trading.
February 15, 2024 | 9:31 pm
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Roku reported strong Q4 earnings with revenue and EPS beats, significant account growth, and positive outlook despite a net loss projection for Q1 2024. Shares dropped 16% in after-hours.
Roku's Q4 earnings report showed strong performance and growth, beating revenue and EPS estimates. However, the projection of a net loss for Q1 2024 and the immediate 16% drop in share price in after-hours trading suggest a negative short-term impact on the stock. The significant account growth and expansion into branded TVs indicate positive long-term prospects, but the short-term investor sentiment may be affected by the loss projection and current share price decline.
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