Roku Exceeds Q1 Earnings Expectations, Provides Upbeat Guidance
Portfolio Pulse from Erica Kollmann
Roku, Inc. (NASDAQ:ROKU) surpassed Q1 earnings expectations with a loss of 35 cents per share against an estimated 62 cents, and reported sales of $881.5 million, exceeding estimates by 3.87%. The company also saw a 14% year-over-year increase in streaming households, reaching 81.6 million. CEO Anthony Wood highlighted the company's positive Adjusted EBITDA and Free Cash Flow for the third consecutive quarter and provided an optimistic outlook for Q2 with expected revenue of $935 million. Roku shares rose 2% in after-hours trading.
April 25, 2024 | 8:58 pm
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Roku, Inc. reported better-than-expected Q1 earnings, with a notable increase in streaming households and an optimistic revenue outlook for Q2.
Roku's Q1 performance exceeded analyst expectations in both earnings and sales, demonstrating strong growth and operational discipline. The positive outlook for Q2 revenue further supports investor confidence, likely contributing to the after-hours stock price increase. The company's focus on expanding monetization and growing Roku-billed subscriptions indicates a strong future growth trajectory, making this news highly relevant and important for investors.
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