Roku, Inc.

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SKU: ROKU-1 Category:

Description

Roku delivered mixed results for the previous quarter, with revenues below the analyst consensus. However, it managed to surpass Wall Street’s earnings expectations. Roku ended the quarter with a global active account base of 75.8 million, marking a robust 16% year-over-year growth. The company experienced a noteworthy sequential net addition of 2.3 million accounts, showcasing an accelerated quarter-over-quarter momentum. The surge in smart TV unit sales in the US, driven by consumer emphasis on value, particularly favored Roku, propelling its growth ahead of the overall industry. Roku player unit sales sustained levels surpassing those observed pre-COVID. In Q3, the company witnessed a 20% year-over-year increase in total net revenue, reaching $912 million. Platform revenue, a key driver, surged by 18% to $787 million, attributed to both content distribution and video advertising, offset by reduced spending on media and entertainment promotions. Devices revenue experienced a substantial 33% year-over-year surge, fueled by the introduction of Roku-branded TVs and smart home products. Furthermore, the company obtained exclusive distribution rights for The Spiderwick Chronicles in the United States after Disney+’s decision not to acquire the series.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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