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$ROKU model still working well.... doesn't get much better than this on the gross income. Estimate $424.7M versus $424.7M reported.. Happy they guided above on Q3 EBITDA! Everything else looks about as expected first look... https://t.co/CADjC2RAzz
๐ต ROKU REPORTS QUARTERLY REVENUE ABOVE ESTIMATES Full Story โ https://t.co/5OWyqYrt3e Roku beat Wall Street estimates for second-quarter revenue on Thursday, benefiting from strong ad sales and the ongoing shift from cable TV to streaming platforms. https://t.co/oEACNZ9fPp
$ROKU Q2'24 Earnings Highlights: ๐น Net Revenue: $968.2M (Est. $937.4M) ๐ข; UP +14% YoY ๐น Player Revenue: $143.8M (Est. $127.3M) ๐ข; UP +39% YoY ๐น Platform Revenue: $824.3M (Est. $810.7M) ๐ข; UP +11% YoY Key Metrics: ๐น Streaming Hours: 30.1B (Est. 30.4B); UP +20% YoY ๐นโฆ
Roku Inc. reported its second-quarter 2024 financial results, surpassing Wall Street estimates with total net revenue of $968.2 million, up 14% year-over-year. The company's platform revenue reached $824.3 million, an 11% increase from the previous year, while player revenue surged 39% to $143.8 million. Gross profit for the quarter was $425 million, up 12% YoY. Average Revenue Per User (ARPU) remained flat at $40.68 on a trailing 12-month basis. Roku beat earnings estimates by $0.18 per share. Streaming hours totaled 30.1 billion, up 20% YoY. Roku's strong performance was driven by robust ad sales and the continued shift from cable TV to streaming platforms. The company also provided in-line guidance for third-quarter revenues and above-estimate guidance for Q3 EBITDA.