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Roku (ROKU) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2024, Roku (ROKU - Free Report) reported revenue of $968.18 million, up 14.3% over the same period last year. EPS came in at -$0.24, compared to -$0.76 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $935.29 million, representing a surprise of +3.52%. The company delivered an EPS surprise of +46.67%, with the consensus EPS estimate being -$0.45.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Roku performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Active Accounts
: 83.6 million compared to the 82.99 million average estimate based on five analysts.
ARPU
: $40.68 versus the five-analyst average estimate of $40.62.
Streaming Hours
: 30.1 billion versus the four-analyst average estimate of 30.11 billion.
Net Revenue- Devices
: $143.80 million versus the nine-analyst average estimate of $127.44 million. The reported number represents a year-over-year change of +39.1%.
Net Revenue- Platform
: $824.30 million compared to the $807.84 million average estimate based on nine analysts. The reported number represents a change of +10.8% year over year.
Gross Profit- Platform
: $439.90 million versus the nine-analyst average estimate of $428.08 million.
Gross Profit- Devices
: -$15.20 million versus -$16.66 million estimated by eight analysts on average.
Shares of Roku have returned -6.6% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Roku (ROKU) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2024, Roku (ROKU - Free Report) reported revenue of $968.18 million, up 14.3% over the same period last year. EPS came in at -$0.24, compared to -$0.76 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $935.29 million, representing a surprise of +3.52%. The company delivered an EPS surprise of +46.67%, with the consensus EPS estimate being -$0.45.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Roku performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Roku here>>>Active Accounts
: 83.6 million compared to the 82.99 million average estimate based on five analysts.ARPU
: $40.68 versus the five-analyst average estimate of $40.62.Streaming Hours
: 30.1 billion versus the four-analyst average estimate of 30.11 billion.Net Revenue- Devices
: $143.80 million versus the nine-analyst average estimate of $127.44 million. The reported number represents a year-over-year change of +39.1%.Net Revenue- Platform
: $824.30 million compared to the $807.84 million average estimate based on nine analysts. The reported number represents a change of +10.8% year over year.Gross Profit- Platform
: $439.90 million versus the nine-analyst average estimate of $428.08 million.Gross Profit- Devices
: -$15.20 million versus -$16.66 million estimated by eight analysts on average.Shares of Roku have returned -6.6% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.